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In an effort to boost trade between two of Asia's major emerging economies, South Korea and India signed a comprehensive free trade agreement Friday that will slash tariffs, encourage mutual foreign i

In a further sign that Europe's largest economy may be reviving, Germany's trade surplus increased by 28 percent in June compared to May, official data showed on Friday.

An "overwhelming" number of ballots mailed by Teamsters at YRC Worldwide is slowing the count in a vote on changes to the National Master Freight Agreement that may determine the future

The volume of freight available for truckers surged 33 percent in June, far outstripping the normal seasonal increase of up to 12 percent, according to TransCore’s Freight Index.

Operating profit for Wilh. Wilhelmsen increased 5 percent to $78.3 million in the second quarter, compared with the comparable period a year ago.

Saddle Creek Corporation, a third-party logistics services company, named David Douglas director of business development.

Frozen Food Express Industries lost $5.2 million in the second quarter as the company struggled with lower volume and freight rates. The loss followed a $6.1 million loss in the first quarter.

Mediterranean Shipping Co.

Orient Overseas (International) Limited lost $231.8 million for the first half of the year ended June 30, compared to a profit of $158.3 million in the same period last year, on lower container volume

Japan Airlines suffered a net loss of $1.04 billion in the April-June quarter -- sharply down from a $35.8 million loss a year earlier and the largest loss on record for any quarter.

Container throughput at India’s largest container port, Jawaharlal Nehru, fell 7 percent in the April-July period compared with a year ago, amid the continuing slump in the country’s forei

North American short lines surveyed for the RMI RailConnect index had their strongest traffic week in more than four months, in the week ending Aug. 1.

Hanjin Shipping lost $325 million in the second quarter ended June 30, almost double its first quarter loss of $191 million, as plunging freight rates and higher expenses offset gains from increasing

Operation Lifesaver’s public awareness campaigns will get $1.015 million from the federal government, to help reduce the hundreds of deaths yearly from automobile drivers and pedestrians getting

Freighter operator Atlas Air says big capacity reductions across the international air cargo market helped the carrier post a better-than seven-fold increase in net profit in the second quarter, to $1

A traffic recovery for large U.S. railroads picked up steam in the week ending Aug. 1, adding to signs that freight demand may be on a sustained climb from recession lows.

Maersk Line said 400 truckers have applied to participate in the chassis pool that the carrier launched this week in the Port of New York and New Jersey and surrounding areas.

DHL agreed to pay $9.4 million to settle allegations it violated U.S. export controls for shipments to Iran, Sudan and Syria, the government said Thursday.

Canadian Pacific Railway will shed ownership but not its offices in the historic Windsor Station building in Montreal, selling it and some other real estate for $80 million to Cadillac Fairview.

Responding to increased demand, Seaboard Marine will employ a larger ship in its weekly Port of New Orleans container service with Latin America.

i2 Technologies improved upon the profit earned from selling its software as a service products to semiconductor designers and supply chain planners.

Seaspan Corporation on Thursday reported net profit of $112.3 million for the quarter ended June 30, 2009, up 32 percent from the $85.3 million it earned in the same quarter last year.

Leif Rasmussen, a veteran of SAS Group and its various interests, will return to the company Aug. 17 as SAS Cargo’s new president and CEO.

Bulk carrier Quality Distribution posted a net loss of $186.2 million in the second quarter, primarily due to impairment charges and a related tax allowance.

The head of the United Transportation Union sent a quick apology to key senators after members of the Senate Commerce, Science and Transportation Committee erupted in anger over a union claim of influ

American Railcar Industries profit fell 82 percent to $1.1 million in the second quarter amid worries that one of its biggest customers, CIT, may seek bankruptcy protection.

China's trade surplus this year is likely to drop by 23.3 percent to $220 billion, the State Information Center, an influential government think tank, said in a report.

Intermodal shipping firm Pacer International lost $7.3 million in the April-June quarter, down from a $22.9 million profit a year earlier, as revenue fell 27 percent to $377 million.

The world’s three largest container lines said Thursday they are cutting capacity on two trans-Pacific services they operate under vessel-sharing agreements they formed last summer.

The growth of the world’s container fleet almost stalled during the past few weeks as ships are sent to the scrap yards in droves while deliveries of new ships are slowing, according to Alphalin

Neptune Orient Lines, parent of liner company APL, lost $146 million in the second quarter ending June 30, most of it on steep declines in volume and pricing that left container shipping revenue down

Clothing retailer Polo Ralph Lauren said Wednesday it earned a $76.8 million profit despite falling sales in its fiscal first quarter in part through savings on logistics and transportation costs.

An angry flare-up over a union influence claim led the Senate Commerce, Science and Transportation Committee to both approve Daniel R.

A key Senate committee approved the president’s nominees for senior jobs at the Department of Transportation, to lead the Surface Transportation Board and fill a slot at the National Transportat

A new sponsor re-introduced in the House a bill that would benefit entrepreneurs who want to offer short sea shipping services.

Averitt Express recently added facilities in Kalamazoo, Mich., and Harrisburg, Pa., to position more trucks in the areas and speed response to local demand for truckload services.

International ocean and air freight forwarder FedEx Trade Networks recently opened seven freight forwarding offices in Asia and Latin America, expanding its operations to cover key trade lanes.

DHL Supply Chain recently rolled out an inbound logistics system in Europe for Jaguar Land Rover.

Somali pirates freed a German-flag containership and its crew today, four months after they captured the vessel in the Indian Ocean.

Many rail freight shippers are captive to a single carrier and it is “very rare” to have two lines serving them, said Sen. John Thune, R-S.D.