Business
Shipping continues to face the perfect storm and now with the massive container ship Ever Given blocking the Suez Canal, global shipping and supply chain concerns have become even more critical. Ever Given is a 20,000 TEU-class container ship, currently leased by Evergreen Marine Corp. under a time charter agreement with the crew hired by the shipowner. The ship is currently deployed on a Far East-Europe service route. The Evergreen ...
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Canadian Pacific Railway Limited and Kansas City Southern announced on March 21 that they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion. Following final approval ...
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The Port of Virginia® in February set a new record for monthly TEU volume having handled nearly 249,000 TEUs and in doing so set a new record for February cargo volume. February’s record TEU volume was more than 40,000 TEUs ahead of Feb. 2020 ...
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In 2020, the Netherlands managed to attract significantly fewer foreign companies than in previous years. This is evident from the annual results of Invest in Holland and the Netherlands Foreign Investment Agency (NFIA) over 2020. Last year, 305 foreign companies, including Beyond Meat, Chargebee and ...
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Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With over 40 years of expertise, NileDutch is one the leading providers of container services from and to West ...
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A message from JAXPORT CEO Eric Green regarding the State of Florida’s proposed allocation of nearly $260 million in federal COVID-19 relief funding for Florida’s 15 seaports:
“We are extremely grateful to Florida Governor Ron DeSantis and FDOT Secretary Kevin Thibault for their continued support of ...
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With the FIA Formula 1 World ChampionshipTM about to begin, DHL and Formula 1® are proud to announce the extension of their long standing global partnership, which spans across a number of decades. DHL thus remains the Official Logistics Partner of Formula 1® for further ...
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IAG Cargo announced its 2020 full year results, reporting commercial revenues of €1,306 million over the period from January 1 to December 31, 2020, an increase of 18.5% on 2019 at constant currency. Overall yields for the year were up 94.6% on the same time ...
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An unseasonable surge in cargo lifted the Port of Long Beach to its busiest February on record.
Dockworkers and terminal operators moved 771,735 twenty-foot equivalent units in February, a 43.3% uptick from the same month last year and marking the largest year-over-year increase for a single ...
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An unprecedented containerized import surge resumed at the Port of Oakland in February following a January decline. The Port said that import volume soared 26.2% in February compared to the same month in 2020. Oakland welcomed the news after supply chain disruption elsewhere ...
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