The private-equity backed Enstructure unveiled a public-private partnership with Delaware that will eventually increase Wilmington’s annual capacity to more than 1.5 million TEUs.
US maritime regulators seek to clear up what container lines saw as contradictory language on billing responsibility under detention and demurrage rulemaking finalized in late February and taking effect May 28.
Container spot rates on the key markets Wan Hai serves, including Asia–North America, intra-Asia and Asia–Latin America, have been steadily rising this year, helping push the carrier back into the black in the first quarter.
Carrier attempts to mitigate the extended transit times of sailing around southern Africa by increasing the use of transshipment in the Mediterranean are being frustrated by growing port congestion.
Alan Shaw will remain in his position as CEO of Norfolk Southern, but Ancora Holdings gained leverage on the railroad’s board of directors, winning three seats.
The Journal of Commerce Truckload Capacity Index dropped to its lowest level since 2017 as large truckload carriers cut trucks loose, but excess capacity remains.
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