The German port handled 70 million metric tons of cargo during the first six months of the year, a 0.2 percent decline from the corresponding 2016 period.
Rand Logistics posts $5.6m loss in Q1 FY 2018
Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes region, saw revenues of $32.3 million for the first quarter of fiscal year 2018, which ended June 30, 2017, a 4.4 percent decline from a year prior.
COSCO reports nearly 17% increase in monthly terminal throughput
The terminal operator arm of Chinese conglomerate COSCO Shipping handled 7.6 million TEUs at its container terminals last month, up from 6.5 million in July 2016, according to recent statistics from the company.
Germany’s second-largest airline files for insolvency
Air Berlin’s largest shareholder, Etihad Airways, has withdrawn its financial support, causing the company to resort to government loans to remain in the air for another three months.
Report: EMEA cargo theft up significantly in Q2
A total of 943 incidences of cargo theft were recorded in the Europe, the Middle East and Africa region during the second quarter of 2017 by the SensiGuard Supply Chain Intelligence Center, a sharp uptick from the 586 incidents during the same 2016 per…
Executive order to ‘slash’ infrastructure project approval time
President Trump on Tuesday signed an executive order to “slash the time it takes to get vital new infrastructure projects approved and delivered,” Transportation Secretary Elaine L. Chao said in a statement.
Cargojet earnings flying high in Q2 2017
The Canadian all-cargo airline attributed a 15.8 percent year-over-year increase in net earnings for the second quarter to improved aircraft utilization and declining operating costs.
ACP expects record tonnage in FY 2018
For fiscal year 2018, which begins Oct. 1, the Panama Canal is projected to see record tonnage of 429.4 million tons, as well as 13,000 transits, including 2,335 Neopanamax vessels, according to the Panama Canal Authority (ACP).
Freighter pilot pleads to operating cargo plane while drunk
A cargo plane pilot pleaded guilty in a Florida district court Tuesday to operating a Boeing 747 freighter under contract to the U.S. military while intoxicated.
Maersk: Higher rates will offset impact of cyberattack
World’s-largest container carrier Maersk Line reported a highly profitable second quarter based on stronger-than-expected rates, but expects to lose $200 million to $300 million recovering from June cybersecurity breach.