The maritime shipping analyst is now predicting container volumes at ports around the world will grow 4.6 percent in 2017, up from a previous prediction of 2-3 percent annual growth.
Hapag-Lloyd to reduce workforce following UASC merger
Germany’s largest ocean carrier is looking to cut up to 12 percent of its almost 11,000 land-based employees, according to Rainer Horn, director of public relations at Hapag-Lloyd.
CED unveils plan for improving U.S. infrastructure
The Committee for Economic Development of The Conference Board said deferred maintenance and a growing gap between investment needs and available funds threaten the ability of our roads and bridges to deliver safe, reliable transportation.
ITIF: Developing countries to benefit from ITA
Developing countries that accede to the World Trade Organization’s Information Technology Agreement stand to gain billions of dollars in their economies, according to recent report from the Information Technology and Innovation Foundation (ITIF).
FAA doles out $527.8m for airport infrastructure
The Federal Aviation Administration will award up to $527.8 million in infrastructure grants to 584 airports across the country as part of the agency’s Airport Improvement Program.
North American freight market growth hits fourth straight month
Shipment volumes in April 2017 were up 4 percent compared with the same 2016 period, while expenditures grew 6 percent year-over-year, potentially signaling a sustained positive trend towards growth, according to the latest Cass Freight Index Report.
SM Line continues to grow fleet with two more boxships
The six-month old shipping line has added two more containerships to its still-growing fleet, with a goal to own 30 by the end of the year.
Roadrunner moves headquarters to Illinois
The trucking and intermodal company, formerly of Cudahy, Wis., has also hired Terence R. Rogers as the new executive vice president and chief financial officer in wake of costly accounting errors uncovered in January.
AirBridgeCargo tonnage soars 17% in Q1
The all-cargo airline handled 158,000 metric tons of cargo during the first quarter of 2017, an increase of 17 percent compared with the same 2016 period.
MOL to transport coal for electricity project in India
The Japanese ocean carrer signed an agreement with Thermal Powertech Corp. India Ltd. on Thursday to provide energy resources for the electric company’s ongoing projects to power India.