Freight News

Disappointing Hapag-Lloyd rate development affects results in first half 2016

Subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates have marked the first half of the 2016 business year. While transport volume remained stable in the first six months at 3.7 million TEU (-0.4 % compared to the prior year period), the average freight rate fell by $254 year on year to $1,042/TEU, or almost 20%. Revenue ... [+]

FRA Awards $25M in Grants for PTC Implementation

The U.S. Department of Transportation’s (DOT) Federal Railroad Administration (FRA) has awarded $25 million in grants for 11 projects in six states and the District of Columbia to assist in implementing Positive Train Control (PTC).  FRA received 30 eligible applications requesting $90.6 million, nearly four ... [+]

JAXPORT berth goes electric as new cranes approach

A multi-faceted rehabilitation project of Berth 35 at JAXPORT's Blount Island Marine Terminal is nearing completion with the installation of a high-voltage electrical system in anticipation of the arrival of three new 100-gauge electric container cranes this month. The berth’s improvements increase energy efficiencies, reduce emissions ... [+]

Port Corpus Christi Celebrates World Class Cable Stayed Bridge Construction

Along with State and Federal Officials, Port Corpus Christi is excited to announce the beginning of a truly momentous project. With a symbolic turning of the dirt the official U.S. 181 Corpus Christi Harbor Bridge Replacement Project is set to begin. The groundbreaking ceremony took ... [+]

SEKO Logistics invests in Hong Kong

SEKO Logistics has added 100,000 square feet of warehousing and fulfilment capacity in Hong Kong as it continues to build an ‘ecommerce gateway’ for retail and high-tech customers targeting China’s online consumer market, which is forecast to see spending exceed US$1 trillion in 2017. SEKO’s latest ... [+]

Chapman Freeborn, Volga-Dnepr deliver logistics support for historic Solar Impulse trip

Solar Impulse 2’s historic mission to become the first solar-powered aircraft to circumnavigate the globe and to showcase that clean technologies can achieve the impossible was successfully achieved with the logistics support of Chapman Freeborn and Volga-Dnepr Airlines. The Solar Impulse 2 (Si2) project chose Chapman ... [+]

St. Lawrence Seaway traffic sluggish in July

“We are about half-way through the 2016 navigation season and our overall cargo tonnage numbers are down by 11%,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corp. “The lack of iron ore and coal has definitely been a contributing factor for this ... [+]

APL Logistics Expands Oman Presence To Spearhead Middle-East Regional Logistics Hub Development

APL Logistics Ltd. announced on August 15 the setup of APL Logistics Oman, a new joint venture company with Arab Global Logistics LLC in Oman. APL Logistics Oman will spearhead efforts to develop Oman as a regional logistics hub to serve local and international customers ... [+]

Container volumes down at Port of Long Beach for July

Cargo at the Port of Long Beach Container volume at the Port of Long Beach was down 7.7% in July compared to the same month in 2015, when harbor terminals handled a record amount of cargo. Dockworkers moved 637,091 TEUs last month. Imports totaled 325,608 containers, ... [+]

Maersk Group Delivers Profits

In response to challenging supply-demand imbalances, the Maersk Group continues to execute on factors that are within its control by reducing cost and delivering high operational performance. The Group delivered a profit of $1.1 billion negatively impacted by the average container freight rates and oil price. ... [+]

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