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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 and provides drayage, devanning, 7512 processing, palletizing, transloading, local delivery, storage and sort and segregate services.Sterling Transportation, which is Customs ...
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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 ...
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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 ...
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The U.S. Department of Transportation said it will distribute more than US$728 million for 37 projects that aim to bolster the nation’s freight infrastructure.The funds are available under the Bipartisan Infrastructure Law’s Mega Program and the Infrastructure for Rebuilding America Grant Program.The Mega Program, known ...
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The Port of New Orleans said it has been awarded a federal grant for an additional US$226.2 million towards the building of the Louisiana International Terminal, or LIT.The U.S. Department of Transportation awarded the funding through the competitive grant program for Infrastructure for Rebuilding America ...
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Despite a strong December, container volumes handled at Port Houston in 2023 fell 4 percent to 3.8 million TEUs, short of the port’s record-setting year in 2022.The decrease was attributed to a large drop in empty repositioning volumes, the port said, while its strong exports ...
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A.P. Moller Maersk held a naming ceremony for the Ane Maersk, the world’s first large methanol-enabled container vessel, at the HD Hyundai Heavy Industries shipyard in Ulsan, South Korea.The Ane Maersk is the first of 18 large-methanol-enabled Maersk vessels to be delivered through 2025. It ...
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Enstructure, a U.S. marine terminal and logistics company, has agreed with the Jacksonville Port Authority to lease and develop 79 acres of waterfront property at JAXPORT’s Tallyrand Marine TerminalEnstructure is parent company of Jacksonville-based Seonus Stevedoring, a JAXPORT tenant for 27 years, that operates 35 ...
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The U.S. Federal Maritime Commission will hold an informal public hearing on Feb. 7 to examine how conditions in the Red Sea and Gulf of Aden regions are impacting commercial shipping and global supply chains.The FMC is seeking input from supply chain stakeholders on how ...
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Third-party logistics provider C.H. Robinson said it has advanced the digitization of the less-than-truckload industry by implementing an electronic bill of lading with 10 of the top LTL carriers and is in progress with four more.Standards for electronic bill of ladings (eBOLs) were developed by ...
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