The U.S. Federal Maritime Commission has received 10 ocean transportation intermediary license applications and changes for review.
Panalpina acquires majority stake in Danish forwarder
Basel, Switzerland-based freight forwarder and third-party logistics provider Panalpina says Carelog’s strong foothold in ocean freight and roots in the western part of Denmark complements it own expertise in airfreight.
Matson reports lower first quarter earnings
The Honolulu-based container carrier attributed the more than 60 percent decline in net income to the timing of fuel surcharge collections, lower volumes in its Hawaii and Alaska trades, and the deployment of an additional ship in Hawaii.
FTR: Class 8 orders maintain steady growth in April
Net orders for North American Class 8 trucks totaled 23,600 units in April 2017, up 4 percent from the previous month and 77 percent from the previous year, according to freight transportation analyst FTR.
IATA: Airfreight volumes shoot up 14% in March
Asia Pacific airlines saw volumes surge 13.6 percent in March, while shipments carried by European airlines jumped 18.2 percent, and North American airfreight volumes grew 9.5 percent, according to figures from the International Air Transport Association.
AAR: U.S. rail traffic growth continues in April
Combined United States carload and intermodal cargo volumes increased 5.2 percent in April 2017, the sixth consecutive month of year-over-year growth, according to data from the Association of American Railroads (AAR).
YM halts service to Iran
The troubled ocean carrier is ceasing service to Iran over concerns of rising tensions there rather than as a cost cutting measure, according to an executive with the company, Reuters said.
Panalpina to acquire Kenya-based Air Connection
The international freight forwarder and third-party logistics provider intends to merge offices with vegetable- and flower-exporter Air Connection in Africa to provide expanded services to Europe and the U.S., the company said in a statement.
Port of Veracruz set for expansion
The Gulf of Mexico port’s access channel and turning basin will be dredged, resulting in 13 million cubic meters being removed and reclaimed, which five new terminals will be built on.
Air China taps WFS for airfreight handling in Barcelona
The new, three-year contract extends Air China’s cargo handling agreement with Worldwide Freight Services to include freight operations on flights between Barcelona, Spain and Beijing and Shanghai in China.