The Japanese ocean carrier has restructured its existing U.S. East Coast to West Coast South America loop, bypassing the Panama Canal in favor of a routing through the Strait of Magellan at the southern tip of South America.
Port of Los Angeles volumes slip in July despite increased imports
Import cargo volumes at the Southern California port grew 5 percent in July 2016 compared with the same 2015 period, but overall cargo volumes slipped 1.6 percent year-over-year due to an almost 12 percent drop in empty container shipments.
Honeywell rumored to be buying JDA for $3 billion
Industrial conglomerate Honeywell is reportedly in talks to purchase JDA Software, one of the largest developers of transportation management system and warehouse management system platforms.
NEWS FLASH: Maersk Line posts drastic loss in Q2
Meanwhile, the A.P. Møller – Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.
PortMiami markets its export capability
The South Florida port and the Florida East Coast Railway educated business groups in Washington, D.C. Wednesday about South Florida’s potential as an export gateway.
West Coast longshoremen to begin contract extension talks with employers
Delegates from the International Longshore and Warehouse Union voted Thursday to have the union enter into discussions with representatives of the Pacific Maritime Association to discuss a contract extension.
Report: Embraer to institute voluntary layoffs
The Brazilian aircraft manufacturer did not provide any additional details in terms of the number of positions or cost reduction targets, but the union representing Embraer’s workers said the company is looking to save $200 million with the program.
SCFI slips 6.8%
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.
NEWS FLASH: West Coast longshoremen to discuss contract extension with employers
Delegates from the International Longshore and Warehouse Union voted Thursday to have the union enter into discussions with representatives of the Pacific Maritime Association to discuss a contract extension.
St. Lawrence Seaway’s volumes slip 11%
Year-to-date volumes on the St. Lawrence Seaway have been hindered by the lack of iron ore and coal, but international traffic continues to be well above the five-year average, Saint Lawrence Seaway Development Corporation Administrator Betty Sutton said.