Freight News
Hub Group Inc., the comprehensive transportation and logistics management solutions, said Oct. 8 said it has entered a joint venture with EASO, a family owned, Mexico City-based intermodal and trucking logistics provider.The joint venture will be the largest cross-border and intra-Mexico intermodal company, positioning Hub Group to capitalize on nearshoring trends and provide growth opportunities.EASO, founded in 1972, specializes in intermodal, dedicated trucking, truckload and freight brokerage services. Through a ...
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Drewry, the independent maritime research consultancy, said its World Container Index decreased 4 percent to US$3,349 per 40-foot container the week of Oct. 10, 68 percent below the previous pandemic peak of US$10,377 in September 2021, but 136 percent more than he average pre-pandemic rate ...
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The Texas Port of Brownsville said it has secured a low-interest US$43 million loan from the Texas Department of Transportation, or TXDOT, for its Brazos Island Harbor Channel Improvement (BIH) project.The Ship Channel Improvement Revolving Fund, or SCIRF, loan provides the Port or Brownsville’s share ...
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BIMCO’s Documentary Committee has adopted the AUTOSHIPMAN agreement in response to a growing number of remotely controlled ships.The AUTOSHIPMAN agreement provides a standard contractual foundation for third-party ship managers to deliver services for the operation of remotely controlled or fully autonomous ships. Remotely controlled ships ...
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The U.S. Department of Commerce, in collaboration with the Council on Foreign Relations, or CFR, hosted its inaugural Supply Chain Summit on Sept. 10, bringing together leaders from government, industry, academia, and communities.The summit was intended to highlight efforts by the U.S. government and industry ...
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Wallenius Wilhelmsen said four of the dozen Shaper-class vessels on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 car equivalent units to about 11,700 CEUs – the largest pure car truck carriers to ever to sail and are intended to reduce ...
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Wallenius Wilhelmsen, the Oslo-based roll-on, roll-off and vehicle carrier, has promoted Mike Hynekamp to the newly created position of chief strategy and corporate development officer. John Felitto, senior vice president of vehicle services Americas, or VSA, will replace Hynekamp as chief operating officer of logistics ...
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The Port of Virginia’s expanded central rail yard is fully operational, signaling the completion of a project giving the port the capacity to process 2 million twenty-foot equivalent units, or TEUs, by rail annually.“Modernizing and expanding the capability at NIT’s [Norfolk International Terminals] central rail ...
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Spliethoff said it has placed an order with Wuhu Shipyard Co. Ltd. in China for the construction of a new series of eight multipurpose vessels with an option for two additional vessels. This new series will be delivered starting the first quarter of 2028.The L-type ...
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SANY America, the U.S. subsidiary of a leading global heavy equipment manufacturer, has launched operations at a near-port warehouse and distribution facility, two miles from the Port of Wilmington.The Industrial Realty Group facility provides SANY America with the capabilities and infrastructure, including cranes and internal, ...
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