Business
Loaded container traffic improved 5 percent year-over-year in October, according to the latest data update from Container Trades Statistics Ltd., or CTS.CTS records show that global shipments reached 15.8 million 20-foot-eqivalent units, or TEUs in October, a JOC reported. Year-to-date total after 10 months to 152.5 million TEUs, a 6.2 percent increase on the same period last year (see charts).All regions experienced year-over-year growth in October, but as has been ...
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The Port of Brownsville celebrated the kick-off of the second phase of the Brazos Island Harbor Channel Improvement projects.The Brownsville Navigation District (BND) and the U.S. Army Corps of Engineers, or USACE, held a groundbreaking ceremony on Dec. 6 for the project, which will deepen ...
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The Port of Brownsville has named Texan Cement as the recipient of its 2024 Chairman’s Award at a customer appreciation luncheon Dec.10.Brownsville Navigation District Chairman Esteban Guerra presented the award to Ricardo Viejo García from Cementos Tudela Veguín, parent company of Texan Cement. The award ...
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French ocean carrier CMA CGM has announced peak season surcharges, effective Jan. 1 from European ports to U.S. and Canadian ports and inland destinations.For all cargoes except out-of-gauge, or OOG, and before breaking bulk, or BBB, the surcharge will be US$250 per 20-foot containers and ...
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U.S. trucking companies were T-boned by US$165 billion in nuclear verdicts, or jury awards of more than $10 million, in 2023, according to a report from Marathon Strategies.Overall, U.S. juries ordered companies in 47 different industries to pay a nuclear verdict last year, in a ...
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Swift Navigation, a provider of positioning technologies, and CHC Navigation, a global navigation satellite systems, or GNSS, services provider, have joined forces .The partnership intends to integrate Swift’s Skylark Precise Positioning Service with CHC Navigation’s GNSS receivers, delivering reliable and cost-effective centimeter-accurate positioning to unlock ...
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Russia could continue to see declining seaborne dry bulk exports through the first half of 2025, due to coal price competitiveness and a fall in wheat volumes, according to a BIMCO shipping analyst.Through November, Russia has seen dry bulk exports decline 5 percent year over ...
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The International Air Transport Association, or IATA, said global air cargo markets showing continued annual growth in demand in October.Total demand, measured in cargo tonne-kilometers, or CTKs*, rose 9.8 percent compared to October 2023 levels (10.3 percent for international operations) for a 15th consecutive month ...
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Global logistics provider GEODIS announce its new strategic plan, Ambition 2027, to project the group into the future, while building on its achievements and continuing to focus on providing customers “innovative, sustainable and ethical logistics.”A continuation of the previous plan covering the period from 2018 ...
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Descartes Systems Group, the Canadian software-as-a-service solutions provider, report strong results for its fiscal third quarter ended Oct. 31, as it assimilates two acquisitions from the previous quarter.Revenue for the quarter ended Oct. 31, was US$168.8 million, up 3 percent from the third quarter of ...
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