Business
Ocean Network Express and LX Pantos have formed a joint venture, Boxlinks LLC, to provide end-to-end domestic intermodal transportation services.This strategic partnership will leverage the combined strengths of ONE and LX Pantos and use the companies’ partnerships with major rail carriers and trucking companies to provide efficient and timely delivery of cargo in the U.S.“Through Boxlinks, we are transforming how we deliver value in the U.S.,” said Hiroki Tsuiji, ONE’s ...
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Georgia Gov. Brian Kemp announced a sweeping overhaul of the state’s legal system in two bills introduced Jan. 30 in the General Assembly, as Georgia’s trucking companies face mounting pressure from nuclear verdicts and rising insurance costs.The governor’s office cited a five-year increase of 25 ...
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Drewry, the maritime research and consultancy, said its World Container Index decreased 3 percent to USUS$3,273 per 40-foot equivalent unit, or FEU, the week of Feb. 6.The latest Drewry WCI composite index is 68 percent below the previous pandemic peak of USUS$10,377 in September 2021 ...
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Only a month before the book is closed, container traffic is expected to top a record set in 2021, according to data from Container Trades Statistics Ltd.
CTS reports that global loaded volumes increased 5.3 percent year-over-year in November, hitting 15.6 million TEUs. That ...
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Maersk A/S (Maersk), an entity under A.P. Moller - Maersk, and Hapag-Lloyd AG launch their operational collaboration Gemini Cooperation on Feb. 1.The container line giants intend to deliver a flexible and interconnected ocean network with schedule reliability above 90 percent once fully phased.About 340 vessels ...
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Port Everglades enjoyed healthy increases in cruise, cargo and petroleum volumes during its 2024 fiscal year, resulting in record revenues for the Broward County, Florida port.For the quarter ended Sept. 30, 2024, Port Everglades earned a record US$215.7 million in revenue, up 18 percent from ...
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The Northwest Seaport Alliance of Seattle and Tacoma saw international container volume jump 32.9 percent in November 2024, compared with the year-earlier result.
Container volume (international and domestic) for November reached 290,210 20-foot equivalent units, or TEUs, growing 25.7 percent compared to November 2023. ...
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The Alabama Port Authority in December it has awarded a contract to Richmond Engineering Works, or REW, to produce two new stacker reclaimers.Pittsburgh-based REW will engineer, fabricate and install the new equipment at McDuffie Coal Terminal, with all engineering and fabrication to occur within the ...
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JB Hunt Transport Services’ Q4 Results Mixed
J.B. Hunt Transport Services Inc. reported fourth quarter net income of US$155.5 million, compared to net earnings of US$153.5 million in the fourth quarter 2023.Operating revenue for the Lowell, Arkansas-based intermodal service provider was US$3.15 billion in the fourth ...
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The U.S. Department of Transportation, or DOT, and the Federal Highway Administration, FHWA, said on Jan. 10 that it was awarded the Port of Houston Authority nearly US$25 million in grant funding to construct and operate a hydrogen fueling station for heavy-duty trucks.The project is ...
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