Freight News
Rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable. The improved rating acknowledges Hapag-Lloyd’s progress in integrating United Arab Shipping Company Limited (UASC) while reducing leverage and generating positive free cash flow on the back of tight cost management and increased efficiencies, Moody’s concluded in its press release published today.
The ...
[+]
Work is underway at Port Canaveral for wider roads, improved traffic signals and a new “wayfinding” system around the Port to accommodate increased vehicle traffic generated by the Port’s operations growth. The roadway upgrades will improve traffic flow and promote traffic safety around the Port’s ...
[+]
Port of Oakland containerized import volume increased 9% last month over January 2018 totals.
According to port data, the port handled the equivalent of 81,895 20-foot import containers last month. It was the busiest January for imports in its history. Oakland’s January export volume rose 0.6% ...
[+]
AirBridgeCargo Airlines (ABC), one of the major players in the air cargo market, and CargoHub, the cargo logistics quality and compliance platform, have solidified their collaboration for the implementation of the CargoClaims platform. The online tool, which received the IATA cargo innovation award in 2015, ...
[+]
Virgin Atlantic Cargo and Delta Cargo are promising customers more choice and reach, as well as the service benefits of greater automation as their trans-Atlantic joint venture partnership celebrates its fifth anniversary.
The airlines’ commitment to build the leading trans-Atlantic partnership has already increased customers’ access ...
[+]
CMA CGM Group has launched its public tender offer for CEVA shares in an effort to become a global leader in transport and logistics. The offer price was set at CHF 30 per share, open from February 12.
The board of CEVA Logistics is fully aligned ...
[+]
Imperial Logistics has appointed Holger Wilhelm to the newly-created post of Executive Vice President - Automotive.
Wilhelm is based in Zurich, reporting to Imperial Logistics International CCO Sandro Knecht. He will be responsible for identifying and exploiting all opportunities to develop the company’s automotive presence both ...
[+]
Port Manatee received its first shipment for its newest terminal operator, Carver Maritime Manatee LLC, with the February 6 arrival of a ship bringing nearly 50,000 tons of raw material to be used in Florida cement manufacturing.
Officials of Carver and Port Manatee shared enthusiasm and ...
[+]
The Port of Virginia® continues to move near-peak season cargo volumes and is doing so well under the industry standard turn time of 60 minutes for motor carries. The port’s container volume for January was 240,111 TEUs (twenty-foot equivalent units), or 134,638 containers, up 8.9 ...
[+]
Virgin Atlantic’s new daily flights between London Heathrow and Tel Aviv will provide more import and export opportunities for customers in the UK, US and Israel seeking additional cargo capacity to support the country’s buoyant economy.
The route, which commences on Sept. 25, 2019, will offer ...
[+]
« Back
More »
