Business
Maritime research and consulting service providerDrewry said its World Container Index increased 23 percent to US$3,777 per 40-foot container for the week of Jan. 18.
Drewry Supply Chain Advisors’ WCI composite increased 82 percent when compared to the same week last year. Further, the FEU rate is the highest since October 2022 and 166 percent more than the pre-pandemic 2019 average.
For year-to-date, the average composite index is US$3,173 per 40 footer, ...
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Norwegian logistics service provider Wallenius Wilhelmsen has reached agreement with Kalmar, part of Cargotec, to supply four heavy electric forklift trucks, two electric reachstackers and three heavy terminal tractors for the carrier’s U.S. logistics network.
The order, which also includes the Kalmar Insight fleet performance management ...
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Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings Inc., said it has taken delivery of a Boeing 777 Freighter, which it will operate on behalf of customer MSC Mediterranean Shipping Co. SA, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, ...
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German state rail operator Deutsche Bahn has launched the sale of its DB Schenker arm, one of the world’s largest forwarding and logistics companies.
The DB Group said that investors would need to express interest in the next few weeks. The company is valued at between ...
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Pharma solutions organization Cencora’s World Courier arm is to open transport stations in Denver, Indianapolis and San Diego to delivery specialty products, including those that require cryogenic storage. The Indianapolis site will be equipped with liquid nitrogen.
They extend World Courier’s network of facilities in North ...
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The Port of Long Beach will receive $283 million from the federal government to assist in building "America's Green Gateway," a rail project which will enable one of the nation's busiest seaports to move more cargo by trains, speeding deliveries across the entire national supply ...
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Bahri Logistics has entered into an international freight forwarding service agreement with Saudi Arabia Railways (SAR). SAR is the owner and operator of the railway networks in Saudi Arabia, which plays a pivotal role in supporting the goals of building an integrated transportation system. Under ...
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ECS Group has acquired Latin American specialist Americas GSA. With the purchase, it gives the global general sales agency company a presence in 16 countries across the Americas, and puts on track to achieving full coverage of the two continents, from Canada to Chile.
ECS gains ...
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The Greater Miami Chamber of Commerce (GMCC) has successfully culminated its Americas Linkage mission to Japan, co-led by the Chamber, Miami-Dade County Mayor Daniella Levine Cava and the Chairman of the Board of County Commissioners, Oliver Gilbert, III. The 50-person delegation of representatives from the ...
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Senior Advisor to the President and White House Infrastructure Implementation Coordinator Mitch Landrieu, Senator Ron Wyden and Representative Val Hoyle were in Coos Bay this week to discuss the Port's container facility project.
The Pacific Coast Intermodal Port (PCIP) is a project of national significance that ...
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