The German ocean carrier said its merger with UASC will create the world's fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.
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The Surface Transportation Board last week issued two decisions in passenger rail proceedings, one of which included the withdrawal of a previous proposal that would have allowed railroads to prioritize cargo operations over Amtrak passenger trains.
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
Price, port coverage and transit times are traditionally the primary determinants in choosing a container carrier or service loop, but with vessels stopping at fewer ports and sailing slower than ever before, it's fair to wonder if this is still the case.