Business
Drewry’s composite World Container index increased 2.9% or $291 to $10,374.64 per 40ft container. Here are further detailed assessments for Thursday, 16 September 2021.• The composite index increased 2.9% or $291 this week, and also, remains 323% higher than a year ago.• The average composite index of the WCI, assessed by Drewry for year-to-date, is $6,794 per 40ft container, which is $4,432 higher than the five-year average of $2,362 per ...
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Containerized cargo volumes continue to climb in 2021 as shippers seek uncongested gateways servicing key North American markets. In August, container volume through the Port of Mobile increased 34 percent over August 2020 volume, while year-to-date volume posted 27 percent over the same period last ...
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Port of Oakland beef exports – almost exclusively to Asia – increased 25% this year between January and July. The Port called the surge extraordinary in a year when shipping disruptions have hobbled global supply chains.“Demand for high-qualify U.S. meat products is off the charts,” ...
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Atlas Air, Inc., announced it has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft in support of their fast-growing express and e-commerce markets.These agreements build on the strategic partnership between Atlas Air Worldwide and DHL, which began in 2008 and ...
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Canadian Pacific Railway Limited announced on September 12 that it has completed negotiations of a proposed merger agreement with Kansas City Southern, which the KCS Board of Directors has deemed a "Company Superior Proposal."CP stands ready to execute a definitive merger agreement to create the ...
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A.P. Moller – Maersk (Maersk) recently announces the acquisition of HUUB, a Portuguese cloud-based logistics start-up, specialized in technology solutions for B2C warehousing for the fashion industry. This is Maersk´s third acquisition this year within E-commerce Logistics and it comes through our venture activities with ...
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The peak shipping season started with a roar and lifted the Port of Long Beach to its strongest August on record.Dockworkers and terminal operators moved 807,704 TEUs of container cargo last month, an 11.3% increase compared to August 2020. Imports were up 11.7% to 407,426 ...
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RoadOne IntermodaLogistics, a single source intermodal, distribution, and logistics services company, announces today the acquisition of Rose Transportation, an intermodal transportation services company serving rail and port facilities in Pennsylvania, Maryland, Ohio, Florida, Georgia and South Carolina. Rose Transportation will further enhance RoadOne’s national intermodal logistics ...
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Gerry’s dnata, Pakistan’s leading ground services provider, has been awarded a multi-year contract by Gulf Air, the national carrier of the Kingdom of Bahrain. The partnership will see Gerry’s dnata provide quality and safe ground, passenger and cargo handling services to the airline at six ...
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The Office of the Secretary of Defense recently recognized JAXPORT Asset Manager Brandon Blanton for his outstanding support of fellow JAXPORT employee Seaman Matthew Reed during Reed’s service in the Navy Reserves.
Blanton received the award from Employer Support of the Guard and Reserve (ESGR), a ...
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