Port Freeport picks new CEO, while IFCO appoints VPs for commodity management and grower sales and TruckSmart names national accounts director.
SCFI falls back down to earth
Container spot rates as measured by the Shanghai Containerized Freight Index dipped 4.4 percent since last week, but the Ningbo Containerized Freight Index and the World Container Index both posted comprehensive increases.
Drewry finds Maersk stock ‘unattractive’
A downbeat report from the London-based shipping consultant says freight rates are low and low oil prices are unlikely to drive profitability for the Danish conglomerate, but that stock in A.P. Moller Maersk is still a relatively low risk investment.
DOT chief asks port officials to help win TPP support
Transportation Secretary Anthony Fox said members of the American Association of Port Authorities should lobby Congress about the benefits of the Trans-Pacific Partnership, a Pacific Rim free trade deal negotiated by the Obama administration.
Oakland’s containerized exports increase, but imports drop
A recent decline in the value of the U.S. dollar is benefiting exports, but it is too early to declare a trend, according to Port of Oakland Maritime Director John Driscoll.
MOL joins Ocean3 Asia-Med loop
The Japanese ocean carrier will join the Ocean3 Alliance’s Phoenician Express/BEX2 loop next week as a slot purchaser.
Port Manatee’s container volumes surge 36%
The gulf coast port handled 12,653 TEUs during the first half of its fiscal year 2016, which ended March 31, a 36 percent year-over-year increase.
JLL hires noted industry economist as chief strategist
Industrial real estate services and investment management firm JLL has appointed Walter Kemmsies managing director, economist and chief strategist for its U.S. Ports, Airports and Global Infrastructure Group.
CenterPoint adds warehouse near Port of Virginia
Industrial developer CenterPoint has purchased a transload facility in Chesapeake, Va.