Upgraded carrier alliances can lead to $1B annual savings—report

By elevating their carrier alliances to more advanced models and engaging in…

Penang Port plans to transform into Asia-ME trade gateway

Malaysia’s Penang Port is positioning itself as a strategic gateway for trade…

Rising dollar to bolster US imports from emerging countries

Emerging economies that export to the United States are seen to benefit…

‘New mediocre’ in global trade spells trouble for developing nations, says IMF

The global economy faces the possibility of decelerated growth, and emerging and…

ICTSI Oregon in second setback as Hapag-Lloyd abandons Portland too

Terminal operator ICTSI Oregon, Inc. (IOI) has expressed regret over the decision…

Favorable winds of February bolster air cargo, passenger traffic

Results for February reflect how the U.S. port congestion had opened up…

Emerging economies face declining output growth, says IMF study

Lower potential growth has become a new reality where emerging market economies…

Asia-Europe box contract rates up for first time in years

Contract rates on key East-West trade lanes have gone up for the…

FedEx makes $4.8-B offer to buy TNT Express

Tennessee-based FedEx Corporation and Europe’s TNT Express N.V. announced on April 7…

K Line, MOL introduce new chiefs, management plans as challenges grow

Japanese shipping firms Kawasaki Kisen Kaisha (“K” Line) and Mitsui O.S.K. Lines…