Gary G Burrows
Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals with a total 939 doors combined, according to Dec. 10 federal bankruptcy court filing.The seven owned properties are in Tracy, California; Fort Wayne and Jefferson, ...
[+]
President-elect Donald J. Trump expressed strong support for longshoremen and the International Longshoremen’s Association it its negotiations with terminal operators, following a two-hour meeting Dec. 12.Trump met with Harold J. Daggett, ILA president, and Dennis A. Daggett, ILA executive vice president at Trump’s Mar-A-Lago office in Palm Beach, Florida. The ...
[+]
Singapore-based carrier Ocean Network Express, or ONE, will join Ocean Alliance members CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line in three North Europe Transatlantic services, effective from February 2025.
“Combining our collective fleet deployment and market experience to provide a comprehensive and reliable end-to-end customer service ...
[+]
Global mid-market business leaders are relatively optimistic for 2025, despite seeing a recession as a foregone conclusion, according to a survey by U.S. accounting firm Moss Adams LLP.The 2024 Mid-Market Report, which targets owners and CEOs of businesses reporting US$50 million to US$500 million in yearly income, finds leaders largest ...
[+]
Buoyed by six straight months of historic volumes, the Port of Long Beach is on course to reach 9.6 million cargo containers by the end of 2024 without congestion or other disruption and exceeding the previous record set during the pandemic in 2021.The Port of Long Beach also achieved its ...
[+]
OUTLOOK Report from Magaya
The global logistics industry may soon be faced with further disruption as U.S trade policy transitions to President-elect Trump and a new Congress in January.Already, announcements of proposed tariffs and regulatory shifts are causing concern about their impact to global supply chains, said Magaya in releasing its ...
[+]
DAT Freight & Analytics, which operates DAT One, the truckload freight marketplace, and DAT iQ, the freight data analytics service, said Dec. 17 that it acquired Trucker Tools, a carrier-forward capacity sourcing and load-tracking solution.DAT, the Beaverton, Oregon-based business unit of Roper Technologies, said the move will combine Trucker Tools’ ...
[+]
The CMA CGM Group, the French shipping giant, said it is building a zero-emission inland waterway transport solution in Vietnam, featuring a battery-powered electric barge and a charging infrastructure powered by a new solar farm at the deep-sea terminal of Gemalink.The e-barge will transport goods between Binh Duong and Cai ...
[+]
U.S. retail sales showed moderate growth continuing in November ahead of the holiday season’s busiest shopping days, according to the CNBC/NRF Retail Monitor, which the National Retail Federation released Dec. 10.Total retail sales, excluding automobiles and gasoline, were up 0.15 percent seasonally adjusted month over month and up 2.35 percent ...
[+]
Ocean Network Express said it will postpone the start of its PS5 and PN4 transpacific services under the Premier Alliance until May 2025.Through May, ONE will modify service coverage with additional port calls on the PS4, PS6 and PN3, with the following rotations:• PS4 (Pacific Southwest) – Xiamen, Yantian, Kaohsiung, ...
[+]
More »
