CMA CGM closes deal for two New York-New Jersey marine terminals
The completion of the terminal acquisitions gives the carrier a stronger footprint in the US’s largest East Coast gateway.
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ILWU ratifies new labor contract with West Coast waterfront employers
Some 75% of union members participating in the vote agreed to ratify the tentative contract that was reached in mid-June, opening the door to
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Smaller LTL fleets gain freight, add terminals post-Yellow
Regional LTL carrier A. Duie Pyle and point-to-point trucking firm Hercules Freight are finding opportunities to expand as shippers adjust to the loss of
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FMC publishes list of NVOs at risk of losing licenses over tariff non-compliance
The move is part of an ongoing effort by the FMC to bolster the oversight of regulated entities through “informed compliance,” an agency spokesperson
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Jaxport, Savannah closed; Charleston halts vessel moves as Idalia moves ashore
Ports along the southeast coast of the US were experiencing various stages of disruption after a major hurricane made landfall on Florida’s west coast.
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Poor IT strategy over the years contributed to Yellow’s demise: analyst
An LTL carrier such as Yellow is an extremely complicated business, and similar to the railroads, the enterprise software it used was developed internally —
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Trans-Pac carrier reliability slipped in July amid labor woes, Panama Canal limits
The ports of Vancouver and Prince Rupert experienced a series of labor disruptions in July during longshore contract negotiations, while the Panama Canal implemented
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Jaxport receives $30 million in state funds for new cranes at Blount Island
The cranes are part of overall improvements to update and expand Blount Island operations and double its current capacity to 500,000 TEU by 2025.
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ABF’s LTL shipments, pricing jump after Yellow collapse
ArcBest less-than-truckload (LTL) subsidiary ABF Freight is taking on additional volume and raising rates as a broad realignment of the US LTL sector gains
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NVOs chase market share or margin in demand downslope
Supply overcapacity coupled with mediocre freight demand has the top 25 trans-Pacific non-vessel-operating common carriers deciding whether to chase lower margin business or suffer
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