Hyundai Merchant Marine announced last Thursday it will buy 20 percent of a company part-owned by Hanjin Shipping that operates terminals in Seattle and Long Beach, in a move that may go some way to restoring the severely depleted flow of cargo through the California terminal. (This article requires registration at the Journal of Commerce. […]
Following the bankruptcy of Hanjin, Taiwan’s Yang Ming is now the container line in the greatest financial danger, according to a research paper published today. Drewry Financial Research Services (DFRS) says the line has the industry’s most leveraged balance sheet, with a net gearing of a massive 437% at the end of Q3. The figure […]
A new lobbying force representing well-heeled industry players, ranging from Amazon to the National Retail Federation, might have a rare opening to advance freight-friendly policies, considering the Trump administration’s support for infrastructure and cutting regulation. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The trucking and rail industries, often at odds in Washington, are teaming up to press the incoming Trump administration to limit the ability of transportation regulators to write new rules. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
Major container ports in the United States handled 1.64 million TEUs in November, down 6.6 percent from October but up 11.2 percent from November 2015, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.
Diesel prices finally dropped after a month and half streak of weekly increases, according to the latest numbers from the Energy Department.
2016 was one of the wildest years in container shipping history. Within one year, the industry witnessed the largest bankruptcy in history with Hanjin Shipping, historically low spot rates, the narrowing of the Top 20 global container lines to 14, and the dramatic reorganization of global shipping lines into new, larger vessel-sharing agreements. With the […]
While the federal government’s electronic logging device mandate is likely shielded from interference from President-elect Donald Trump, Republican control in Washington gives the industry hope for a loosened and more accountable regulatory environment, industry groups said in recent weeks.
With the Trans-Pacific Partnership (TPP) now a distant memory, and prospects of the Transatlantic Trade and Investment Partnership (T-TIP) fading fast, shippers face new challenges when considering doing business in Asia and what remains of the EU.
Boeing expects China to become its first trillion-dollar market. It projects the country would need more than 6,000 new commercial airplanes to accommodate its expanding aviation needs for the next two decades. In 2016, China bought 164 airplanes from Boeing, amounting to about $11 billion, and making the country its largest customer. Boeing hopes to […]
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