container

AirBridgeCargo airlines (ABC) completed a record transport of 27 temperature-controlled containers aboard a single flight, delivering a vaccine product from Milan to Beijing on October 30 for logistics provider Kuehne + Nagel Italy. The pallet-size containers, made by Envirotainer, were carried on...

Reporting Seaspan Corp.'s third-quarter earnings, Bing Chen, president and CEO of the world's largest containership charterer, said the company has increased its portfolio financing program by $500 million, to $1.5 billion, and wants to expand the company's fleet. "We see attractive opportunities...

A federal jury has awarded $93.6 million to ICTSI Oregon, the former operator of the Port of Portland's Terminal 6, after members of the International Longshore and Warehouse Union (ILWU) engaged in illegal work practices such as work slowdowns and stoppages. According to the Portland Oregonian...

This article brought to you courtesy of NEXT Trucking For the first time this year, the Port of New York and New Jersey has became the second largest container gateway to the U.S. And the port is making investments to ensure it will retain a top spot in maritime freight in the years to come.  ...

CAI International Inc. (NYSE: CAI), a leading container-leasing and logistics company, said it had modest year-over-year growth in revenue from continuing operations in the third quarter but that it had a net loss because of its decision to seek a buyer for its railcar fleet. The company reported...

Global Container Terminals Inc. (GCT) said it will take part in the TradeLens blockchain platform developed by Maersk  and IBM (NYSE: IBM). GCT, which operates two marine terminals on the U.S. East Coast and two on Canada's west coast, said TradeLens will be rolled out "in phases" at all four of...

Spot rate losses by carriers are self-inflicted and will undermine annual Asia-Europe contract negotiations with shippers later this quarter, believes one leading analyst. Entering the fourth quarter, it was clear that the introduction of new IMO 2020 low-sulfur fuels, a rise in oil prices...

A start-up backed by Maersk, Mediterranean Shipping Company (MSC) and CMA CGM has developed a standard for data transmission from smart containers, a step toward giving shippers better visibility of their goods on both sea and land.  Marseille, France-based Traxens said a United Nations...

The Port of Long Beach is instituting an incentive program to attract more containerized cargo through its terminals, a year after the Port of Los Angeles launched a similar program. In a memorandum to its Board of Harbor Commissioners, the port's staff said the Los Angeles incentive program has "...

Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs.   As FreightWaves' Mike King reported, the Maersk Gibraltar, which can carry the equivalent of 5,000 common shipping containers, was the site of the U.K.'s...

The U.S. Federal Maritime Commission said it has extended the deadline for submitting public comments on a proposed interpretive rule addressing demurrage and detention practices under the Shipping Act to Oct. 31. The agency had originally requested that industry comments be submitted by Oct. 17...

The Asia-to-Europe container trade has been struggling under the weight of excess capacity and global trading uncertainty through most of 2019. With a slew of blanked sailings announced and the introduction of IMO 2020 low-sulfur fuels expected to take capacity out of the market, do container-line...

Cargo volumes were up for a fifth consecutive month in August in the Port of Los Angeles, with the port handling 861,081 TEU of containerized cargo, 4.2% more than in August 2018. The increase was due to strong import volumes and movements of empty containers offsetting declines in exports....

Georgia Ports Authority (GPA) Executive Director Griff Lynch announced plans to double container capacity during the annual State of the Port address Sept. 12. Port-related expansions and new business accounted for nearly $5 billion in investment and created 12,000 jobs across the state of Georgia...

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