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  • J.B. Hunt adds truck capacity, grabs market share

    J.B. Hunt Transport Services  made hard gains in a soft second-quarter freight market, boosting revenue 5 percent year-over-year to $1.62 billion while handling more freight and increasing capacity across its multimodal business, building up rather than cutting its truck capacity year-over-year. The third-largest U.S. trucking......

  • NYK pleads guilty to ro-ro price fixing in Australia

    NYK Line’s  roll-on, roll-off cargo price-fixing woes continued Monday as the company pleaded guilty to Australian Federal Court for forming a criminal cartel. The Australian plea makes NYK the second major car carrier to plead guilty and agree to pay a fine for antitrust violation......

  • CMA CGM closes on NOL takeover offer

    CMA CGM  Monday closed its all-cash offer for NOL after acquiring shares equivalent to approximately 97.83 percent of the Singapore-based parent of container shipping line APL. “Accordingly, the offer is no longer open for acceptance. Any acceptances received after 5:30 p.m. Singapore time on July......

  • Next phase of inland ports are intermediate DCs near cities

    Spurred on by the desire of consumers to receive their orders faster and cheaper, retailers are establishing “intermediate” distribution facilities closer to major population centers. These warehouses are positioned between the big-box import distribution centers and the customers, and they are skilled at processing goods......

  • XPO says it’s at an ‘inflection point’ to profitability

    XPO Logistics has reached an “inflection point” on its road to profitability, the company said Monday in a document filed  with the U.S. Securities and Exchange Commission. The global logistics and transport company won’t release second-quarter earnings until Aug. 4, but XPO said in its......

  • Breakbulk consolidations emerge as operators seek to cut costs

    Big mergers and acquisitions such as recent ones in container shipping haven’t hit breakbulk and project carriers, but consolidation is starting to happen as operators seek to cut costs, broaden coverage and use their assets more effectively. Pressure for mergers and acquisitions has increased since......

  • NY-NJ port truckers prepare for potential disruption from hiring protest

    Truckers that service the Port of New York and New Jersey are preparing for possible congestion and delays Monday tied to a planned protest on longshore hiring practices. A New Jersey judge Friday outlined a strategy for the Newark Mayor Ras Baraka in which part......

  • Latest volume tumble at Hong Kong port highlights steady traffic decline

    Hong Kong’s container throughput fell 10.5 percent in the first six months of 2016 compared to the same period last year, continuing a steady decline that has seen the terminals registering volume declines every month since July 2014. The container terminals, mid stream and river......

  • Competition for breakbulk cargo heats up on high seas

    Suddenly everyone wants to be the breakbulk and project cargo shipper’s new best friend. Facing weakness in their core markets, container and dry bulk carriers are pitching hard for multipurpose vessels’ traditional cargoes. “It’s a buyer’s market,” said Susan Oatway, senior breakbulk analyst at Drewry......

  • Effort to create US port productivity metrics hits wall of opposition

    WASHINGTON — A group tasked with helping the U.S. Department of Transportation develop industry-wide metrics to gauge port productivity  sputtered to a start at its first meeting Friday. Representatives of the railroad industry and labor unions — many of whom actively opposed the group’s formation......