Intermodal News - page 4

 

US Railroad Strike Averted

Sep 15, 2022

Major U.S. railroads and unions secured a tentative deal on Thursday after 20 hours of intense talks brokered by President Joe Biden's administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond…

Biden Administration Earmarks $20.3 Million for PhilaPort Expansion

Sep 15, 2022

Pennsylvania Governor Tom Wolf announced that the Biden Administration has awarded The Port of Philadelphia (PhilaPort) $20.3 million to construct a new 100,000 square-foot warehouse at the Tioga Marine Terminal, as well as safety and efficiency…

duisport and Port of Antwerp-Bruges Partner on Energy Transition, Infrastructure

Sep 15, 2022

duisport and Port of Antwerp-Bruges signed a long-term cooperation agreement establishing avenues for cooperation on energy transition, hinterland connections and infrastructure as the partners aim to help stabilize and improve supply chains…

US Government Makes Contingency Plans for Rail Shutdown

Sep 14, 2022

President Joe Biden's administration on Tuesday made contingency plans aiming to ensure deliveries of critical goods in the event of a shutdown of the U.S. rail system while pressing railroads and unions to reach a deal to avoid a work stoppage affecting freight and passenger service…

NVOCCs Caught in the Middle of Ocean Shipping Reform Act

Sep 13, 2022

NVOCCs are caught in the middle of the Ocean Shipping Reform Act of 2022 requirements for reporting demurrage and detention; FMC needs to pump the brakes and allow the industry to catch upThe Ocean Shipping Reform Act of 2022, passed by Congress without industry input and signed into law on June 16…

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)…

Logistics News

New Cranes and Deeper Draft Boost Efficiency at APM Terminals Liberia

New Cranes and Deeper Draft Boost Efficiency at APM Terminals Liberia

Port of Los Angeles Names Deputy Executive Director of Development

Port of Los Angeles Names Deputy Executive Director of Development

Rio Brasil Terminal Welcomes COSCO’s ESE2 Service

Rio Brasil Terminal Welcomes COSCO’s ESE2 Service

ECOsubsea raises $12m

ECOsubsea raises $12m

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