Freight News
Shipping line Hapag-Lloyd said it will begin to apply a booking cancellation fee, or BCF, for North American exports, starting July 1.The carrier will charge a US$25 fee per container if customers cancel, reduce or roll bookings three calendar days or less prior to the port cutoff as shown on the booking confirmation.Bookings are also subject to BCF and automatic cancellation/rolling/reduction in case any cutoff is not met including port ...
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Galveston Wharves said is spending more than US$90 million to update decaying or underused infrastructure and to maximize undeveloped acreage to grow its cargo business, as part of its 20-year strategic master plan.“We’re on the cusp of a new era of cargo growth for Galveston,” ...
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SMART port technologies that facilitate ‘just in time’ ship arrivals could significantly reduce greenhouse and pollutant gas emissions at global container ports, Drewry said in its latest quarterly Ports and Terminals Insight report.
Investing in such technologies at ports with a disproportionate amount of waiting ...
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The U.S. Department of Transportation has called on breakbulk cargo owners, carriers and other stakeholders to identify critical freight routes that are critical to multimodal transportation across the U.S.The DOT published a request to solicit written input from the public, through June 11, on what ...
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A bipartisan U.S. Senate bill would create a government-wide approach to monitoring, tracking and strengthening U.S. supply chains.The Promoting Resilient Supply Chains Act, introduced by Sen. Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science and Transportation; and Sen. Marsha Blackburn (R-Tenn.), a ...
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Swiss WorldCargo, the cargo unit of Swiss International Air Lines (SWISS), has launched a new route between Zurich and Toronto, Canada, as part of expanding its long-haul network served by SWISS and Swiss WorldCargo.The addition of Toronto to its international network will support SWISS airfreight ...
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Savage, the supply chain infrastructure and solutions provider, said President and CEO Kirk Aubry will retire from the company on Dec. 31. Chief Operating Officer Jeff Roberts is being promoted to the additional role of president, effectively immediately, and he’ll take on the CEO role ...
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Monthly inbound cargo volume at the nation's major container ports should consistently be above 2 million 20-foot equivalent units, or TEUs, through this summer and into early fall, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates."We haven't seen ...
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A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of ...
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Swiss logistics and freight forwarding provider Kuehne+Nagel’s first quarter earnings declined from the same period in 2023, though the company’s sea and air logistics showed slight improvement.First quarter net turnover was down 18 percent to US$6.06 billion, with an EBIT of US$414 million and earnings ...
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