July 2016
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.5% in June, following a revised 2.9% gain during May. In June, the index equaled 137.2 (2000=100), down from 139.3 in May. The all-time high was 144 in February.
Compared with June 2015, the SA index rose 2.1%, which was down from May’s 5.9% year-over-year gain. Year-to-date, compared with the same period in 2015, tonnage was up 3.7%. Excluding ...
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Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) signed a Business Combination Agreement (BCA) to merge both companies on July 18, subject to the necessary regulatory and contractual approvals.
Following the integration, the new Hapag-Lloyd will rank among the five largest container shipping lines in the world, with 237 ...
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Port Everglades became the last port of call for the Lady Luck (formerly Newtown Creek) before the 324-foot tanker was submerged off Pompano Beach, FL, to become the area's newest artificial reef. The former New York-based vessel arrived Port Everglades on July 20 with the sinking on July 23.
The Broward ...
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Lufthansa Cargo is going on the offensive in the highly competitive air cargo market. td.Basic, a new online offering for standard air cargo, will be available from September 2016.
td.Basic offers the high Lufthansa quality at extremely attractive prices. This will be made possible by simpler background processes, booking via the ...
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The Philadelphia Regional Port Authority Board of Directors has selected global transportation executive Jeff Theobald as PRPA’s new CEO. Theobald, who served most recently as the president and CEO for Ports America Outer Harbor Terminal, LLC, replaces James T. McDermott, Jr., who retired from PRPA in April. Theobald will assume ...
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State officials welcomed the Evergreen Ever Lambent carrying approximately 8,400 TEUs on July 19 as the first container ship to arrive at the Helen Delich Bentley Port of Baltimore through the newly expanded Panama Canal.
"The arrival of the Evergreen Ever Lambent at the Port of Baltimore is a signal that ...
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The Port of Coos Bay is celebrating 100 years of the completion of Coos Bay rail line when the first train left North Bend for Eugene in 1916. In honor of the centennial, a three day Port of Coos Bay at the Railroad Centennial Celebration is occurring on August 5th ...
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When the two transmitted their distress call on July 4, the “Hamburg Express”, flagship of Hapag-Lloyd’s fleet, was among a number of ships that happened to be in the area. Over two hours after the distress call went out, the second officer spotted the small yacht as it was pitching ...
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A recent report by Bloomberg News states that Ports America and Highstar Capital, a private equity firm that owns Ports America, is looking to find a buyer for the sale of Ports America. The company could be valued at about $1 billion in a sale.
Although those interviewed by Bloomberg asked ...
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CargoLogicAir, the new British cargo airline, has taken delivery of its first Boeing 747-8 Freighter at the Farnborough International Airshow 2016.
Chief Executive Officer, Dmitry Grishin, received the ‘keys’ to the aircraft from Marty Bentrott, Vice President Sales - Middle East, Russia & Central Asia, Boeing Commercial Airplanes, in a ceremony ...
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