Hanjin Shipping Co. and its customers are being asked to pay more than usual to bring freight into U.S. ports, creating a backlog that could keep goods off shelves during the holiday shopping season.
September 23, 2016Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Hanjin Gets $45 Million Credit Line to Unload Cargo From Stranded Vessels
Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won ($45 million) to help ease supply chain disruptions caused by the collapse of the nation’s biggest container mover.
September 22, 2016Maersk to Split Group Into Separate Transport, Energy Companies
A.P. Moeller-Maersk A/S will split into separate transport and energy businesses as Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate.
September 22, 2016Duane Kenagy Appointed Interim CEO of Port of Long Beach
The Board of Harbor Commissioners approved Duane Kenagy to become interim CEO at the Port of Long Beach, California, while the search for a permanent replacement is under way.
September 22, 2016Hanjin Tells Major Retailers That Vessels Won't Stop in the US
Hanjin Shipping Co. won’t allow containerships anchored at sea to complete their journeys to the United States, according to an e-mail obtained by Transport Topics.
September 22, 2016Hanjin Bankruptcy Tip of the Iceberg for Flailing Shippers
LOS ANGELES — For the past five years, top shipping companies pushed forward with fat investments in more and bigger vessels, even as signs of trouble piled up.
September 21, 2016Experts Paint Grim Picture for Intermodal Growth
HOUSTON — Intermodal businesses that have become accustomed to steady long-term growth are facing the prospect of tougher times ahead in the form of a likely recession and changing freight patterns, three industry experts said Sept. 19.
September 19, 2016Forward Air Lowers Third-Quarter Projection, Blaming Tough LTL Market
Forward Air Corp. lowered its third-quarter earnings projections, no longer confident that it’ll generate more revenue than the same period in 2015, the company announced on Sept. 20.
September 20, 2016US Commerce Department Urged to Resolve Hanjin Shipping Crisis
The National Retail Federation and other U.S. trade groups are urging the Commerce Department to work with the South Korean government to resolve the Hanjin Shipping Co. crisis, which stranded an estimated $14 billion of goods at sea.
September 20, 2016Port of New Orleans Begins Clean Truck Plan
The Port of New Orleans said it’s begun a Clean Truck Replacement Program that will allow 20 drayage truckers to replace their older Class 8 trucks with newer models.
September 19, 2016