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Wednesday, August 15, 2018 |
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| Long Beach sees container decline |
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Tuesday, August 14, 2018
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Port of Long Beach terminals handled 688,457 TEUs of containerized cargo in July, a 4.4 percent drop compared with the same 2017 period, after several months of year-over-year gains.
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| Oakland loaded box volumes slip |
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Tuesday, August 14, 2018
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The Port of Oakland in July saw volumes of containerized cargoes rise 3.6 percent to 217,346 TEUs compared with the same month a year ago as surging empty container movements offset declines in loaded imports and exports.
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| South Carolina has record month |
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Tuesday, August 14, 2018
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The South Carolina Ports Authority handled 200,594 TEUs in July, an increase of 10 percent year-over-year as it pushes forward with expansion projects.
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| Georgia ports hold strong in July |
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Tuesday, August 14, 2018
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The Port of Savannah moved 378,768 TEUs in July, an increase of 12.7 percent year-over-year, according to data released by the Georgia Ports Authority.
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| HHLA drives up EBIT, revenues |
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Tuesday, August 14, 2018
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Hamburger Hafen und Logistik AG, a logistics provider and container terminal operator, recorded earnings before interest and taxes of 99.9 million euros (U.S. $113.4 million) for the first half of 2018, up 1.1 percent year-over-year.
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| Euronav revenues down 17.3 percent |
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Monday, August 13, 2018
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Antwerp-based Euronav NV, an independent tanker company, posted a net loss of $12.5 million for the second quarter of 2018, an improvement from a net loss of $24.2 million for last year’s second quarter.
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| Rising rates give carriers needed relief |
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Monday, August 13, 2018
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Container freight rates showed continuing strength last week as increased seasonal demand collided with diminished capacity and emergency bunker fuel surcharges in the major east-west trade lanes, according to two of the primary indices for measuring spot market pricing.
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| Yang Ming sinks deeper into red |
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Friday, August 10, 2018
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Yang Ming’s net loss sank deeper into the red in the second quarter and first half of 2018 compared to the corresponding periods in 2017 as the Taiwanese ocean carrier battled headwinds from higher bunker prices, lower spot rates and oversupply across the shipping industry.
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| Charting equilibrium: Supply-and-demand struggle |
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Thursday, August 9, 2018
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The one constant in the container shipping industry is the challenge of supply and demand. Carriers have struggled with overcapacity for years, partly because they kept ordering bigger ships, but also because constant competition for market share led carriers to undercut each other on price and end up with non-compensatory rates and a whole lot of red ink.
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| Trade tensions dampen air freight |
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Wednesday, August 8, 2018
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Growth in global air freight volumes slowed for the second straight month in June after accelerating considerably April.
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| NAFTA trade growth streak continues |
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Tuesday, August 7, 2018
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The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement — Canada and Mexico — climbed another 9.2 percent to $102.5 billion in May compared with the same month a year ago, according to the latest data from the U.S. Department of Transportation’s Bureau of Transportation Statistics.
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| Tariffs hinder pork exports in June |
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Tuesday, August 7, 2018
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U.S. beef and lamb exports in June increased year-over-year in terms of volumes and value, despite tariffs hindering pork shipments to other countries, according to data provided by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation.
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| Morocco allowing U.S. poultry imports |
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Tuesday, August 7, 2018
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The Moroccan government will begin to allow imports of U.S. poultry meat for the first time. Initial U.S. Department of Agriculture estimates indicate that Morocco would be a $10 million market for American poultry producers.
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| Positive momentum in spot rates continues |
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Monday, August 6, 2018
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Container freight rates showed continued positive momentum last week after capacity cuts in the major east-west trade lanes, according to two of the primary indices for measuring spot market pricing.
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| FTR: Class 8 truck orders ‘astounding’ |
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Monday, August 6, 2018
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Net orders for North American Class 8 trucks totaled 52,250 units in June, the highest monthly total ever, according to preliminary data from freight forecaster FTR Transportation Intelligence.
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| Global box volumes sustain slow, steady climb |
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Monday, August 6, 2018
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Global transport volumes of containerized cargo continued to grow at a slow, steady pace in June, climbing 1.3 percent year-over-year to 13.99 million TEUs for the month, according to the latest data from industry analyst Container Trade Statistics.
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| BNSF’s Q2 earnings chug ahead nearly 37 percent |
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Monday, August 6, 2018
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Burlington Northern Santa Fe LLC, a Class I railroad owned by Berkshire Hathaway, saw year-over-year increases in net earnings of 36.6 percent and revenues of 12 percent for the second quarter of 2018.
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| Canadian newsprint dumping duties trimmed |
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Monday, August 6, 2018
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The Commerce Department said an investigation into possible widespread dumping of uncoated groundwood paper, or newsprint, on the U.S. market by Canada’s top producers has come up short.
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| U.S. rail shipments rise 5.2 percent in July |
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Monday, August 6, 2018
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Total combined U.S. freight railroad traffic in July grew 5.2 percent to 2.16 million carloads and intermodal units compared with the same month a year ago, according to the latest data from the Association of American Railroads.
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| Saia’s net income shoots up 72 percent |
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Friday, August 3, 2018
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Saia Inc.’s net income for the second quarter of 2018 totaled $30.3 million, up 72.3 percent year-over-year as the company benefited from a lower effective tax rate.
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| Intermodal volumes grow 6.2 percent |
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Friday, August 3, 2018
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Growth in North American intermodal volumes continued at a healthy, albeit slightly slower pace in the second quarter of 2018, according to the latest Intermodal Market Trends and Statistics report from the Intermodal Association of North America.
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| GCI acquisition spurs Seaspan’s profitable Q2 |
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Thursday, August 2, 2018
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Seaspan Corp.’s net earnings and revenues in the second quarter of 2018 skyrocketed year-over-year thanks to its acquisition of Greater China Intermodal Investments.
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| EU grows U.S. soybean imports |
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Thursday, August 2, 2018
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The European Commission on Wednesday reported that European Union imports of U.S. soybeans in July showed an increase of 283 percent at 360,000 tons compared to the same period last year.
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| DSV’s second-quarter profits up 60 percent |
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Wednesday, August 1, 2018
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DSV’s profits and net revenues for the second quarter of 2018 increased year-over-year with all three of the company’s segments - air and sea, road and solutions – experiencing growth.
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| ATA: Truck tonnage slips in June |
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Tuesday, July 31, 2018
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Domestic truck tonnage slipped 0.4 percent in June compared with the previous month after a revised 0.4 percent uptick in May, according to the latest reading of the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index.
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| Diana Shipping turns a profit in Q2 |
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Tuesday, July 31, 2018
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Diana Shipping, a dry bulk vessel owner, posted a net income of $2 million for the second quarter of 2018, up from a net loss of $23.8 million for last year’s second quarter.
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| Spot rates on the rise, but tariff risks remain |
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Monday, July 30, 2018
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Container freight rates showed some positive momentum last week after carriers cut capacity in the major east-west trade lanes, according to two of the primary indices for measuring spot market pricing.
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| U.S. GDP surges 4.1 percent in Q2 |
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Friday, July 27, 2018
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U.S. gross domestic product — the broadest measure of a nation’s overall economic health — grew at an annual rate of 4.1 percent in the second quarter of 2018, the fastest pace since the second quarter of 2014, according to the advance estimate from the Department of Commerce.
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| Landstar truckloads hit all-time record |
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Friday, July 27, 2018
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Landstar System Inc., an asset-light trucking company, saw net earnings and revenues in the second quarter of 2018 take a big leap year-over-year amid a tight trucking market and high demand, as well as a significantly lower effective tax rate.
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| G&W posts double-digit revenues growth |
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Friday, July 27, 2018
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Short-line and regional railroad operator Genesee & Wyoming recorded a net income of $48.6 million on operating revenues of $595 million for the second quarter of 2018, up 1 percent and 10.1 percent year-over-year, respectively, according to the company’s latest financial statements.
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| Old Dominion’s net income climbs 66.1 percent |
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Thursday, July 26, 2018
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Old Dominion Freight Line posted significant year-over-year growth in net income and revenues for the second quarter of 2018, with President and CEO Greg Gantt saying the company benefited from the positive yield environment and ongoing strength in the domestic economy.
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| Werner drives up net income nearly 65 percent |
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Tuesday, July 24, 2018
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Werner Enterprises Inc.’s net income and revenues for the second quarter of 2018 saw big year-over-year growth with both of the company’s segments performing significantly better during the quarter from a year prior.
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| Business council forms anti-illicit trade panel |
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Tuesday, July 24, 2018
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The U.S. Council for International Business has formed a special committee within its membership to address the threat that illegal trade poses to global markets and industries.
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| Subscription boxes leverage the power of outsourcing |
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Tuesday, July 24, 2018
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In some industries, particularly the American manufacturing sector, outsourcing has become a dirty word. But in the retail subscription box industry, outsourcing isn’t just a part of the value proposition. In many ways it is the value proposition.
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| U.S. freight market throttles back in June |
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Monday, July 23, 2018
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Growth in the North American freight market continued in June, but at a slower rate than in recent months, according to the latest Cass Freight Index Report.
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| GATX’s Q2 profit tumbles |
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Monday, July 23, 2018
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Chicago-based global railcar lessor GATX reported a 27.3 percent year-over-year drop in net income for the second quarter of 2018 to $38.8 million.
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| Container freight rate indices disagree again |
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Monday, July 23, 2018
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Two of the primary indices for measuring container freight rates are once again heading in the opposite direction after carriers significantly reduced capacity in the major east-west trade lanes.
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| NWSA port volumes bounce back |
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Friday, July 20, 2018
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Volumes of containerized cargo at terminals operated by the Northwest Seaport Alliance (NWSA), which includes the ports of Seattle and Tacoma, rebounded in June after three consecutive months of year-over-year declines.
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| KCS remains positive on cross-border trade |
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Friday, July 20, 2018
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Kansas City Southern’s second-quarter 2018 net income rose 10.4 percent year-over-year to $148.7 million amid higher revenues and volumes in five of six commodity groups and flourishing cross-border trade growth between the United States and Mexico.
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| Marten’s net income moves up nearly 50 percent |
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Friday, July 20, 2018
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Marten Transport Ltd. recorded a net income of $13.7 million, or 25 cents per diluted share, for the second quarter of 2018, a sharp increase from $9.1 million, or 17 cents per diluted share, for last year’s second quarter, according to the company’s latest financial statements.
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| Union Pacific picks up speed in Q2 |
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Thursday, July 19, 2018
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Union Pacific’s net income in the second quarter of 2018 increased 29.2 percent year-over-year to $1.51 billion as the company benefited from higher revenues and volumes amid a lower effective tax rate.
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| CP’s earnings driven down by labor negotiations |
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Thursday, July 19, 2018
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Canadian Pacific, the smaller of the two Canada-based Class I railways, saw net income for the second quarter of 2018 tumble 9.2 percent year-over-year to C$436 million (U.S. $329 million).
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| So far tariffs not a factor for CSX |
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Wednesday, July 18, 2018
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CSX Corp., the first of seven Class I railways to report its second-quarter 2018 earnings, set the bar high, with net earnings for the quarter skyrocketing 72 percent year-over-year to $877 million.
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| Growth in truckload rates continues to accelerate |
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Wednesday, July 18, 2018
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Growth in domestic U.S. truckload rates continued to accelerate in June, with pricing jumping another 9.5 percent compared with the same month a year ago, according to the latest Cass Truckload Linehaul Index.
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| Cold chain customers look at location first |
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Wednesday, July 18, 2018
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Location is what matters most when choosing a cold chain provider, according to more than 200 food processors, distributors and retailers in 14 countries surveyed by the Global Cold Chain Alliance.
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| Southern California port volumes up |
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Wednesday, July 18, 2018
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The neighboring ports of Los Angeles and Long Beach handled a combined 8.26 million TEUs in the first half of 2018, according to the latest figures from their respective port authorities, a 4.1 percent increase from the same six-month period in 2017, a year in which both set records for cargo throughput.
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| Intermodal rate increase highest since 2011 |
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Wednesday, July 18, 2018
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Intermodal rates climbed another 10.9 percent in June compared with the same 2017 period, the largest year-over-year increase since August 2011, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs.
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| Antwerp volumes surge on record container cargoes |
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Wednesday, July 18, 2018
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The Port of Antwerp handled 118.6 million metric tons of cargo during the first half of 2018, an increase of 6.5 percent from the same six-month period last year and a new record for the port, according to the latest data from the Antwerp Port Authority.
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| J.B. Hunt surpasses analyst expectations |
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Tuesday, July 17, 2018
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J.B. Hunt’s net earnings jumped 55 percent year-over-year during the second quarter of 2018 to $151.7 million amid higher freight rates and strong demand.
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| Panalpina’s Q2 profit climbs |
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Tuesday, July 17, 2018
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Panalpina, an international freight forwarding and logistics company, recorded a consolidated profit of CHF 19.5 million (U.S. $19.6 million) for the second quarter of 2018, an increase of 10.8 percent year-over-year, according to the company’s latest financial statements.
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| Spot container rates steady |
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Monday, July 16, 2018
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Container freight rates held relatively steady last week in the lead-up to the summer peak season, according to two of the primary spot rate indices.
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| WLS: Capacity rises on Asia-Europe, transpacific trades |
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Monday, July 16, 2018
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The Asia-Europe and transpacific trades saw increases in allocated capacity between the first and second quarters of 2018, despite a drop on the transatlantic trade, according to data from BlueWater Reporting’s quarterly World Liner Supply report.
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