Intermodal News - page 3

 

Shipping Lines, Container Owners Struggle to Return Boxes to China

Sep 12, 2022

Shipping lines and container owners in North America (majorly in the U.S.) are finding it difficult to return containers to China. To add to the present challenges, the U.S. is also facing major trucking issues that are making cargo movement within the country difficult…

Port of Los Angeles Awarded $20 Million Infrastructure Grant

Sep 07, 2022

The Port of Los Angeles and a range of elected officials and industry leaders joined U.S. Transportation Secretary Pete Buttigieg today to celebrate the award of a $20 million federal RAISE infrastructure grant for a critical road-railway grade separation project at the Port…

Container Prices, Leading Rates Decline

Aug 22, 2022

Average container prices have declined by more than half from the last year in August as China picks up containerized trade volumes more recently, according to an analysis published by Container xChange.Trade in China was impacted in the first half of the year…

Rollercoaster Containershipping Rates Continue, says Xeneta

Aug 19, 2022

South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast ratesThe latest ocean freight rate data from Xeneta reveals that spot rates are currently $3,700 more expensive for shipping 40-ft. containers from the Far East to the South American East Coast…

NYK Tokyo Container Terminal Begins Ops with New Transfer Cranes

Aug 17, 2022

NYK Line and UNI-X NCT Corporation (UNI-X) have begun operation of four state-of-the-art transfer cranes developed by Mitsui E & S Machinery Co., Ltd.The four cranes are based at the NYK Tokyo Container Terminal (NYTT), and each comes equipped…

US Works with Firms in Supply Chains to Ease Port Congestion

Aug 10, 2022

The U.S. Transportation Department (USDOT) said on Wednesday a supply chain pilot data-sharing project aimed at easing bottlenecks at congested U.S. ports has begun exchanging data and doubled in size.USDOT announced the planned project in March with truckers…

Empty Containers in East Coast Ports enter FMC's Crosshairs

Aug 09, 2022

While there are many layers to the continued container shipping supply chain woes, and the U.S. Federal Maritime Commission has set its sites on the nuisance of empty containers clogging traffic, on the heals of FMC Chairman Maffei's visit to the Port Authority of New York/New Jersey…

Maersk to Acquire Logistics Firm Martin Bencher Group

Aug 05, 2022

Shipping group A.P. Moller-Maersk said on Friday it had agreed to buy Danish logistics company Martin Bencher Group in a deal valued at $61 million.'Martin Bencher will be an excellent fit to Maersk and our integrator strategy, strengthening…

Rio Tinto Inks Port JV with China-backed Consortium for Guinea's Simandou

Jul 28, 2022

Rio Tinto's Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government, paving the way for work to resume on the world's largest undeveloped iron ore project.The joint venture (JV)…

Container Shipping Rates: Has the Peak Been Reached?

Jul 28, 2022

Despite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken – suggesting prices may have peaked. However, according to the latest Xeneta Shipping Index (XSI)…

Terminals at Port of Oakland Resume Regular Hours

Jul 25, 2022

Marine terminals at California's Port of Oakland reopened for regular weekday hours on Monday after independent truckers formally ended a week-long protest of the state's new 'gig worker' law that stranded cargo on ships, docks and warehouses…

More Long Delays at UK's Port of Dover

Jul 25, 2022

Long queues of holidaymakers and lorries built up on Saturday outside the Port of Dover, Britain's main gateway to Europe, and officials said the disruption could be worse than the logjam seen on Friday.Travelers setting out at the start of the British school summer holidays…

Truck Blockade at Port of Oakland Stretches into Day Three

Jul 22, 2022

Independent truckers protesting California's new 'gig worker' law blockaded California's third-busiest seaport for the third straight day on Friday, delaying shipments at the state's top agricultural export hub and adding to U.S. supply chain headaches…

Protests Halt Cargo Movement at Port of Oakland

Jul 21, 2022

Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers to operate.Drivers picketed…

Rail Cargo Backups Threaten New Logjam -Los Angeles Port Chief

Jul 13, 2022

Railroads and importers must remove cargo that is stacking up at the nation's busiest seaport in Los Angeles to avoid exacerbating supply chain congestion, the port chief said on Wednesday.'We must take action on this issue immediately to avoid a nationwide logjam…

Logistics News

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Floating Wind to Drive U.S West Coast Port Developments

Venezuela's PDVSA Tightens Oil Prepayment Rules

Venezuela's PDVSA Tightens Oil Prepayment Rules

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Finance: Investors Become Super-Bullish on Oil

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