Category Archives for Industry News

Ruest named Canadian National CEO, interim tag lifted   Ruest has been with Canadian National since 1996, spending the last eight years as executive vice president. Photo credit: Shutterstock.com. Canadian National Railway (CN) has removed the interim tag from CEO Jean-Jacques Ruest, officially naming him as the top executive steering the company back in the […]

NYSHEX signs HMM to its growing carrier network   Hyundai Merchant Marine joins Maersk Line, CMA CGM, Hapag Lloyd, OOCL, and Cosco Shipping, and will begin posting offers on the exchange from Aug. 6 on the trans-Pacific westbound route. Photo credit: Shutterstock.com. Hyundai Merchant Marine became the sixth carrier to join the New York Shipping […]

Shippers set to benefit from DCT Gdansk, Klaipedos Smelte competition With two ports serving the Baltic region for selected trade al, a more-flexible tariff policy may ensue. Photo credit: Shutterstock.com. The battle for Baltic-region shippers will likely intensify in the years ahead, as regional leader Poland’s DCT Terminal at the Port of Gdansk seaport and […]

European breakbulk outlook brightens Leading breakbulk companies are cautiously optimistic. And the improving market conditions are also reflected in steady increases in vessel charter rates over the past 12 months. Photo credit: Shutterstock.com. Europe’s breakbulk, heavy-lift and project cargo shipping business is hoping the long-awaited rebound in demand, with volumes and freight rates edging up,… […]

China-Europe rail growth unsettles air cargo service providers Air cargo volume growth has been robust in recent years, driven by e-commerce and consumer demands for speed to market. Photo credit: Shutterstock.com. The air cargo industry is beginning to view the high speed rail network in China and the overland route to Europe with its multi-billion […]

The expanded Panama Canal: perfect timing Two years after the opening of the $5.4 billion larger locks, the Panama Canal has racked up a series of wins, from attracting services from the Suez Canal to seeing carriers deploy larger ships sooner than expected. And Administrator Jorge Quijano expects to attract more services away from the Suez Canal as ocean […]

Panama Canal: Low-sulfur fuel rule will attract new services Panal Canal officials expect the frequency of container ship transits to increase as ocean carriers seek to mitigate rising fuel costs driven by the International Maritime Organization low-sulfur emissions rule, taking effect in 2020. (Above: A container ship transits the Panama Canal.) Photo credit: Shutterstock.com. Two […]

Indian shippers face user fee for RFID container tracking service Above: Jawaharlal Nehru Port Trust. Photo credit: JNPT. Real-time supply chain visibility has been a priority for shippers, but an Indian government fee for the use of radio-frequency identification (RFID) technology-enabled container tracking services could prove to be a dampener for an export-import community continually […]

US importers from Asia face rockier than usual peak season Whether ships from Asia hit the sought-after utilization levels in the high 90s hinges on whether forecasts of 3 to 5 percent volume growth for the rest of the year are realized and the extent of carriers’ cancellation of services. (Above: The Port of Los […]

Inland port serving NY-NJ moves forward Shippers that use the Port of New York and New Jersey may find that Syracuse offers an attractive option once a rail-linked inland port is built. But will its lower rent offset logistics costs? Photo credit: Shutterstock.com. An inland port serving the Port of New York and New Jersey […]