Latest news

French ocean carrier CMA CGM is reported to be negotiating the sale of a 30 percent stake to a billionaire Belgian financier and a French government investment fund for $650 million.

Matson Navigation will add a second string of vessels to its China-Long Beach service, bringing new capacity to resurgent trans-Pacific trade lanes.

Striking truck drivers in Greece will consider proposals to end their five-day protest Friday, after defying a Greek government order to return to work.

Average air freight prices out of Asia fell 10.3 percent in June from the month before as airlines brought capacity back into the growing international market, according to the latest Drewry Air Freig

The House Transportation and Infrastructure Committee on Thursday approved expedited studies of harbor deepening in the Port of Charleston, adding a provision for the plan in the Water Resources Devel

Congress is headed toward the 15th extension of authorizing legislation for the Federal Aviation Administration since the law expired in September 2007.

Maersk Line advised its customers that it will impose a surcharge on heavy-weight cargo in 20-foot containers bound from Europe, the Middle East and India to Australia and all destinations in the Pac

Rep. Jerrold Nadler, D-N.Y., on Thursday introduced a bill that would enhance the ability of ports to enact clean-air programs, while opening the door to unionization of harbor truck drivers.

Direct ChassisLink, the company set up by Maersk Line to manage its chassis fleet and charge truckers a daily fee for their use, will expand its chassis program to the Southeast and Gulf inland region

A 3.8 percent increase in coal shipments from week to week pushed freight loadings for major North American railroads to their highest level in a month for the most recent week, but raw commodities fo

Less-than-truckload carrier Saia said it ended a string of quarterly losses with a $2 million net profit in the second quarter, as heavier shipments and stronger pricing pushed revenue up 6 percent.

Japanese carriers NYK, MOL and "K" Line reported profits in their April-June quarter as rising volumes and rates pushed their container operations into the black.

South African antitrust regulators called for seven airlines to be fined 10 percent of their annual local revenue for fixing fuel surcharges and freight rates for cargo flown in and out of the country

American Airlines will pay $5 million and provide evidence to shipper attorneys to settle a civil complaint that the airline took part in a conspiracy to fix cargo prices.

Norway’s Green Reefers said it will join the recently established Hamburg Reefer Pool on Aug. 1.

The government-affiliated Japan Bank for International Cooperation said on Thursday that it has signed a loan agreement worth about $47.4 million to support the export of a Japanese vessel to a Singap

American Railcar Industries saw its net income swing to a $5.9 million loss in the second quarter, down from a $1.1 million profit a year earlier.

Maersk Line will seek a general freight rate increase on cargo moving on its services from the Indian subcontinent and the Middle East to South America West Coast and Central America (excluding Cuba).

First-half container throughput at the Port of Marseilles Fos rose 17 percent from the same period last year in both tonnage terms and container units.

Lufthansa, Europe’s second largest airline, reported a record profit of $187 million on its cargo operations, driven by surging freight volumes on its Americas and Asia/Pacific networks and inte

Railcar and barge builder Trinity Industries posted an $18.4 million profit on $543 million in sales in the second quarter, a sharp turnaround from last year’s $209.4 million loss on $716 in rev

RailAmerica, a major operator of short line railroads across the United States, said it lost $4.2 million in the second quarter after charges totaling $8.5 million for early debt retirement and the co

The Port of Pittsburgh Commission is getting a $1.157 million grant from the Environmental Protection Agency to refit some towboat engines, in the latest

U.S. steel imports declined by 13.6 percent in June compared with May but were up by nearly 130 percent from a year earlier, government figures show.

Commerce Secretary Gary Locke used a July 28 visit to the UPS Global Operations Center in Louisville, Ky., to woo U.S.

World trade by sea, land and air will grow by 8.1 percent in 2010 after declining by 7.2 percent last year, according to a forecast published by IHS Global Insight.

The Port of Le Havre plans to build a new multimodal terminal that will act as a transfer platform for the transshipment of containers and trailers between rail and barge.

Orders to U.S. factories for big-ticket manufactured goods dropped 1 percent last month, the second straight monthly decline and the largest drop since August 2009, the Commerce Department said.

Startup ocean carrier Hainan P O Shipping is asking the Federal Maritime Commission to grant the same exemption to the Controlled Carrier Act that the FMC gave to three other Chinese carriers in 2004.

Sea Star Line is the third carrier to agree to a multimillion-dollar settlement of a class-action civil antitrust lawsuit alleging price-fixing in the U.S. mainland-Puerto Rico trade.

Deutsche Bahn, the German railway and logistics group, boosted first half profits by over 26 percent from a year ago driven by a 40 percent surge in rail freight volumes and significantly higher air a

Senate legislation introduced Tuesday would suspend the 100 percent scanning requirement for marine containers in favor of a “more reasonable” risk-based approach, until scanning technolog

Canadian Pacific Railway had a 23 percent rise in net income from the second quarter of 2009, to $162 million, while revenue grew 20 percent to about $1.2 billion.

Unionized truckers in India called for an indefinite strike starting at midnight on Aug. 5 that threatens to disrupt freight movements across the country.

Old Dominion Freight Line doubled its net profit in the second quarter to $21.5 million on the strongest growth in tonnage the less-than-truckload carrier has seen in two years, the company said Wedne

Greek and Chinese ship-owners are the most active buyers of second-hand container vessels as the crisis in container shipping attracts non-traditional operators to the sector, according to Alphaliner,

Third-party logistics operator C.H.

Global air cargo traffic jumped by 26.5 percent in June from a year ago and remains 6 percent above the pre-recession peak of early 2008, the International Air Transport Association said.

Air France-KLM swung to a modest operating profit in its fiscal first quarter from a steep year-earlier loss, excluding the impact of an Icelandic volcanic, eruption due to a strong recovery in cargo

Norfolk Southern Railway’s second quarter net profit surged 59 percent to $392 million, the railroad said, while revenue rose 31 percent from a year earlier to $2.43 billion.