Mississippi's Legislature rejected a sales tax hike for infrastructure improvements despite a think-tank report stating an inadequate transportation system is costing residents $2.25 billion per year.
Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.
The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make the alloy.
The holiday shipping season is in overdrive now, with the next two Mondays expected to be among the busiest of the year.
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
There is nothing glamorous about shipping containers. Their existence generally is one of sheer duty, hauling cargo from one point to another.
China could be creating Asia’s biggest container shipping company through a merger of two titans. But the plan doesn’t address the central issue confronting the industry for at least five years now: too many ships, with too much cargo space, plying the seas.August 13, 2015
Container lines around the world continue to add shipping capacity faster than cargo demand grows, increasing long-standing pressure to reduce freight rates and slash costs, industry experts said.
Even after doling out discounts on electronics and clothes, retailers struggled to entice shoppers to Black Friday sales events, putting pressure on the industry as it heads into the final weeks of the holiday season.December 1, 2014
France’s CMA CGM, the world’s third-largest container shipping company, has signed an equipment sharing alliance with China Shipping Container Line and United Arab Shipping as carriers continue to seek new partners.September 9, 2014