February 2024
C.H. Robinson, the Minnesota-based logistics service provider, said it has created touchless, automated system for scheduling trucking appointments, and putting a dent in the more than 1 billion appointments made annually through phone calls and emails.Freight shipping normally involves scheduling an appointment for a load to be picked up and another where the load needs to be delivered.“With the touchless appointments, the entire process is automated and can be done ...
[+]
BIMCO, one of the largest international shipping association for shipowners, has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines.The project aims to support the offshore wind industry as global demand for renewable sources of energy increases.Work on the contract, ...
[+]
BIMCO expects the dry bulk market to remain steady through 2025, according to the shipping association’s January Dry Bulk Shipping Market Overview and Outlook.The dry bulk market will look much like 2023 in each of the next two years, BIMCO said. Supply is expected to grow 1 percent to 2 ...
[+]
Multipurpose vessel operator Swire Shipping said Westwood Shipping Lines, a niche vessel operator acquired in June 2022, has integrated and has taken on the Swire Shipping name.Westwood Shipping operates between the Pacific Northwest and Northeast Asia, and Swire Shipping’s acquisition was part of the Singapore-based company’s growth strategy to expand ...
[+]
Dallas-based motor carrier Sterling Transportation said its Dallas terminal is now an official container freight station.The 14-door CFS is located in Coppell, Texas, just north of Dallas-Fort Worth Airport. The 54,600-square-foot warehouse has more than 8,000 pallet positions, and is available for short- and long-term storage.The CFS is U.S. Customs-bonded ...
[+]
The Port of San Diego said President and CEO Joe Stuyvesant and board Commissioner Rafael Castellanos resigned from their respective positions on Jan. 29.Stuyvesant, who had served in his role since February 2021, was placed on administrative leave by the seven-member San Diego Board of Port Commissioners in July 2023 ...
[+]
RoadOne IntermodaLogistics, the Massachusetts based intermodal, warehouse and logistics service provider, reported the addition of three sales executives in preparation for the 2024 freight market upswing.RoadOne’s executive sales team now includes:• Randy Abbott, vice president of strategic accounts: Abbott has extensive background in strategic transportation and logistics solutions aimed to ...
[+]
Ocean freight shipping rates are expected to increase further in February amid the ongoing Red Sea crisis, according to data from Xeneta, the ocean freight rate benchmarking platform.However, there are signs that rates could begin to fall again following the Lunar New Year peak, the Oslo, Norway-based company said.Xeneta’s projections ...
[+]
Singapore-based shipping line Ocean Network Express, or ONE, reported a sharp downturn in revenue, earnings and profit for the most recent quarter.The shipping line saw a third-quarter loss of US$83 million, a significant decrease from the year-earlier quarter’s profit of US$2.79 billion. Revenue fell 46 percent to US$3.36 billion, halving ...
[+]
Liner carrier Hapag-Lloyd, which recently announced the Gemini Cooperative with A.P. Moller - Maersk, reported a significant decrease in earnings in its 2023 financial year.Group EBITDA was US$4.8 billion, compared with US$19.4 billion for fiscal 2022, which the company attributed to lower freight rates due to the normalization of global ...
[+]
« Back
More »
