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The Pacific Maritime Association and the International Longshore and Warehouse Union on Friday evening announced a tentative agreement on a new five-year contract covering 13,000 workers at all 29 West Coast ports – but problems at the ports are far from over.
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Singapore’s global container shipping and logistics company Neptune Orient Lines Ltd. has reached an agreement to sell its APL Logistics business for $1.2 billion.
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Significant mid-year gains, paired with across-the-board growth in the final quarter of last year, contributed to strong overall intermodal freight performance in 2014, according to new figures from the Intermodal Association of North America.
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Annual cargo volumes handled at the Port of New York and New Jersey set a new record in 2014, surpassing the previous record set in 2012.
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A measure of truckload linehaul rates show they rose 7.4% in December compared to the same time in 2013.
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There will be a new delay starting Wednesday for trucking companies serving the one major intermodal facility southwest of Chicago.
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Intermodal rail movements help propel the railroad Norfolk Southern Corp. toward achieving record net income for 2014, according to figures it released on Monday.
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CSX Corp. on Tuesday announced record fourth-quarter 2014 net earnings of $491 million, a 15% increase from $426 million for the same period last year, due in part to highway-to-rail freight conversions.
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Infinity Transportation Logistics recently launched its new expedited refrigerated domestic intermodal container service between Washington and Oregon and the Midwest and East Coast.
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ASF Intermodal opened its newest intermodal drayage facility in Charlotte, N.C., the company’s first North Carolina terminal.
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