The boxship sector is seeing record deliveries of ultra-large containership newbuilds in 2018, with 10 joining the fleet in January alone, according to industry analyst Alphaliner.
Target Raises Q4 Guidance on Stronger-Than-Expected Holiday Sales
Target posted same-store sales growth of 3.4 percent during the holiday season, bested Wall Street’s projection of 0 to 2 percent. This is more bright retail news against higher consumer confidence, low unemployment and increased wages. Some highlights: Comp sales grew 3.4% in the November/December period, driven by strong traffic and …
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Diesel Technology Forum: Clean diesel has a broad impact on state economies
By searching the Diesel Technology Forum’s state-by-state breakdowns and statistics, interested parties can find out how much diesel helps power each state’s economy.
GLP reveals when it will delist from Singapore Exchange
The warehouse provider is delisting from the Singapore Exchange on Jan. 22 as part of a $16 billion Singapore (U.S. $12 billion) privatization deal.
DB Cargo to utilize digitalization solutions for safety, operational improvements
The German rail company is planning to use digital solutions such as track and trace and safety components like ETCS as the European rail industry overall continues to struggle with unreliability.
Nippon Express to offer faster cargo transport via Belt and Road
The Japanese logistics company will offer a train, marine and air combined transport service between Asia and Europe via the Chinese Belt and Road Initiative, multiple media sources reported.
Containership collides with crane at Keelung Port
The Hansa Meersburg ran into a crane while berthing at Keelung Port, resulting in the damage of 50 containers and port infrastructure, Splash 24/7 reported.
Union head underscores CBP port officer shortages
National Treasury Employees Union National President Tony Reardon said that prospects of a pay freeze have been a deterrent for potential U.S. Customs and Border Protection field officers he has been trying to recruit.
Wan Hai, COSCO to launch Asia-India loop
The service is scheduled to commence operations from Shanghai on Jan. 24, and will deploy five, 4,250-TEU vessels.
LA city attorney sues port trucking companies, alleges driver exploitation
The lawsuits allege that the companies purposely classify their drivers as independent contractors to avoid obligations to pay employee benefits, including unemployment insurance, workers’ compensation and a minimum wage.