World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Global trade growth…
Netherlands- based Van Straalen De Vries (VSDV) Transport Group began work of new building on the Port of Amsterdam’s Beiraweg. The ceremony was attended by VSDV Group family members, shareholders and employees. The company’s directors…
U.S. Commerce Secretary Wilbur Ross said on Wednesday he expects trade actions between the United States and China will likely lead to a negotiated deal, but that it was unclear whether such talks would happen by the end of May or later. 'It…
MacGregor, part of Cargotec, is upgrading and optimising the container stowage systems on board seven Hapag-Lloyd C-class (Samsung 9,300 TEU series) container vessels. A contract for four vessels was signed in December 2017 and was shortly followed by a further three in January 2018…
Recent trade friction between the United States and China and the prospects for higher interest rates are not likely to affect growth for the major transportation segments for the foreseeable future, according to Fitch Ratings in its latest U…
Deal waiting for green light from CFIUS, China regulators; COSCO says keeping close eye on US-China trade tensions. COSCO Shipping's planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June…
Höegh Autoliners steps up its direct service to Australia and New Zealand from the U.S. and Mexico, now offering two sailings per month. The service started as a monthly service earlier this year, and gives Höegh’s customers up to 30 days shorter transit-time from USA and Mexico to Australia…
Containerized cargo volume moving through this city is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700 million injection of capital from outside investors. That’s the message Port of…
Shipping confidence reached a four-year high in the three months to end-February 2018, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was up from 6…
Lior Ron, head of freight operations at Uber Technologies Inc and a self-driving technology expert, is leaving the ride-hailing company, a source familiar with the matter told Reuters on Wednesday. Ron was a key self-driving hire in 2016 as a co-founder of Otto…
The Georgia Ports Authority broke ground on its $126.7 million Mason Mega Rail Terminal Monday. The expansion will increase the Port of Savannah's rail lift capacity to 1 million containers per year, and open new markets spanning an arc of cities from Memphis to St…
St. Louis Regional Freightway, Port of Plaquemines and St. Louis Regional Ports Sign Agreement to Foster Economic Growth on the Mississippi River. The pact will help support development of a new transportation link for cargo to move along the Mississippi River…
Union Pacific has named TRAC Interstar as its preferred national provider of emergency road service covering the entire U.S. Motor carriers can select TRAC Interstar when calling Union Pacific’s Road Service Number. The agreement was effective March 12…
The Port of Rotterdam Authority has awarded consortium SaVe the contract to construct the substructure for the Theemsweg route. The re-routing of part of the Port railway line will result in the increased freight train traffic no longer being hindered by shipping traffic…
North Carolina Ports reports a boost in container volumes at the Port of Wilmington continues a recent growth trend at the port, where box volumes are currently up 31 percent in fiscal year 2018 and year to date volume in January and February is up 58 percent…