Current news, information and trends in the ocean freight industry covering freight lines, carriers, logistics and classification.
Posted 02/18 · 01:52 AM · LM Editorial
With the release of President Obama's fiscal 2012 budget, the American Association of Port Authorities is expressing both optimism and disappointment over various aspects of the budget pertaining to seaport
Posted 02/18 · 12:12 AM · LM Editorial
Both ports show double-digit annual gains for imports and exports.
Posted 02/17 · 09:05 AM · LM Editorial
According to a recent report in The Financial Times, China is in negotiations over the construction of a 137-mile rail link across Colombia that represents a competitive route. When completed, Chinese exporters could ship finished goods into Latin America while sourcing raw materials for outbound vessel deployment.
Posted 02/16 · 02:05 PM · LM Editorial
As news reports continue to track the transit of two Iranian warships through the Suez Canal, global shippers may also be ready to rethink their supply chain strategies
Posted 02/15 · 02:48 PM · LM Editorial
California’s exporters nearly clawed their way back to pre-recession levels of trade with a strong performance in 2010, according to an analysis by Beacon Economics
Posted 02/15 · 09:01 AM · LM Editorial
In a sign that the global economic recovery may have some sustained momentum, the most recent edition of the Port Tracker report by the National Retail Federation (NRF) and Hackett Associates is calling for import cargo volume at major United States-based container ports to be up 11 percent year-over-year in February. The report is also calling for first half 2011 volumes to be up 6 percent annually.
Posted 02/08 · 01:22 PM · LM Editorial
In a development that may signal a shift in global marine terminal operations, Zebra Technologies Corporation announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation.
Posted 02/07 · 02:09 PM · LM Editorial
More than $10 million in counterfeit electronics, stolen merchandise and bank receipts have been recovered as a result of a cargo theft investigation initiated by Los Angeles Port Police.
Posted 02/02 · 09:38 AM · LM Editorial
Many shipping analysts suggest that U.S. West Coast ports should be back on their heels when it comes to discussing the Panama Canal expansion. At least one leading port authority disagrees
Posted 02/01 · 09:05 AM · LM Editorial
While the Federal Maritime Commission (FMC) is moving forward with an investigation of slow steaming practices in the transpacific, some analysts question whether it will even be an issue after the upcoming Lunar New Year.