The Memphis, Tenn.-based parcel carrier has announced Christmas surcharges starting Nov 20, spurred by “old habits” and poor packaging processes by shippers, according to transport consultant Satish Jindel of SJ Consulting Group
Port of Oakland sees record import volumes in July
A total of 209,883 TEUs moved through the Northern California port last month, a substantial improvement over the 206,600 TEUs the port handled during the same month last year, according to recent data from the Port of Oakland.
Panama officially approves canal toll modifications
The modified toll structure offers better rates per loaded container on the return voyage for Neopanamax vessels deployed on the canal route, according to the Panama Canal Authority (ACP).
BNSF raises earnings 24% in Q2 2017
The Fort Worth Texas-based Class I railroad recorded a net income of $958 million on revenues of $5.25 billion, up 24 percent and 15 percent year-over-year, respectively, amid increased volumes and a higher average revenue per car/unit.
TNT Express still struggling from June cyber attack
The Netherlands-based FedEx subsidiary has yet to restore or recover its process or information from the cyber attack that occurred almost one and a half months ago, according to a report from the BBC.
Port of Houston extends gate hours at Bayport Container Terminal
Effective Oct. 2, the terminal’s hours of operation will expand to 7:00 a.m. to 11:00 p.m., with the in-gate closing at 10:00 p.m., according to a statement from the U.S. Gulf Coast port.
Danish investors launch Africa infrastructure fund
AP Moller Holding, together with PKA, PensionDanmark and Laegernes Pension, launched a new Africa infrastructure fund with a capital commitment of $550 million.
Port Manatee sets new annual volume record in just 10 months
During the 10-month period from Oct. 1, 2016, through July 31, 2017, Port Manatee, located on the Florida Gulf Coast, handled 32,907 TEUs, significantly more than its previous full-year high mark.
EMSA launches emissions reporting system for EU shipping industry
The THETIS-MRV system enables companies responsible for the operation of large ships using European Union ports to report their CO2 emissions, as required by law beginning Jan. 1, 2018, under the EU’s Monitoring, Reporting and Verification Regulation.
Bulk shipping of U.S. coal on the rise
U.S. coal shipments to East Asia and Europe are rebounding and expected to offer a much needed boost to the world’s dry bulk carriers through 2017, according to recent analysis published by the Baltic and International Maritime Council (BIMCO).