Transportation and logistics companies added 8,600 jobs for the month, following revised increases of 4,900 in March and 400 in February, according to recent preliminary data from the U.S. Department of Labor.
Bureau Veritas purchases casualty consultancy
The French classification society has acquired UK-based international consultancy TMC Marine, a provider of pre- and post-casualty services for the marine industry since 1979.
ISS: Greek port workers engage in another strike
The Seamen’s Union 48-hour strike is expected to affect cargo vessels calling at the ports of Piraeus, Aspropyrgos, Eleusis, Pachi and Megara, as well as all domestic and local ferry routes, according to Inchcape Shipping Services.
Port of Charleston to provide verified box weight for $25 fee
The S.C. Ports Authority has spelled out how it will use on-terminal scales to help shippers comply with new SOLAS rules for declaring the accurate weight of containers to their ocean carrier.
U.S. meat exports in Q1 rise in volume, sink in value
For U.S. meat exports during the first quarter of 2016, Japan was the leading market for beef export volumes and value, along with pork export value, while Mexico was the leading market for pork export volumes.
Matson CEO: Global container shipping in a ‘nasty down cycle’
Matt Cox, chief executive officer of the Jones Act ocean carrier, says he would not be surprised if industry losses in 2016 exceed $10 billion, but Matson, which operates primarily between the U.S. mainland, Hawaii and Alaska, has limited exposure.
IATA: Airfreight demand remains weak in March
Air cargo volumes have been hindered by sluggish global trade growth and the falling load factor is continuing to keep intense pressure on freight yields and revenues, according to the International Air Transport Association.
SCFI falls back after last week’s jump
The Shanghai Containerized Freight Index fell 4 percent from last week to a reading of 579.60, with rates on the Shanghai to North Europe trade dropping 13.1 percent after a May 1 Asia-North Europe general rate increase eroded.
Port of Oakland exports grow for fourth straight month
Export volumes at the Northern California port jumped 7 percent in April 2016 compared with the same month a year ago thanks in part to a weaker dollar making U.S. goods more affordable overseas.
International Shipholding reports $8.5m loss in Q1
The Jones Act and special cargo carrier reduced debt by $42.7 million in quarter, and improved results in its Jones Act operations, according to the company’s most recent financial statements.