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Logistics News
Business, Logistics

US Trailer Orders Fall Almost 38% Year-Over-Year

U.S. net trailer orders fell 37.6% year-over-year as some fleets remained cautious about adding equipment and cancellations increased, according to ACT Research Co.

Roger Gilroy | Senior Reporter
September 13, 2016
Business, Logistics

Hanjin Ship Unloading at Long Beach After Bankruptcy Ruling

A Hanjin Shipping Co. vessel began unloading its part of $14 billion worth of cargo Sept. 10 at the Port of Long Beach in California after a U.S. court granted the company a reprieve from having its assets seized, easing a cargo bottleneck resulting from the container line’s filing for bankruptcy protection.

September 12, 2016
Business, Logistics

Hanjin Collapse Is Triggering Short-Term Rate Spike, Maersk Says

Maersk Line, the world’s largest container shipping company, is seeing a short-term rise in freight rates and an inflow of new clients after the collapse of Hanjin Shipping Co.

September 12, 2016
Business, Logistics

Hanjin Bankruptcy Saddles Trucking Fleets With Widespread Losses, Executives Say

Trucking companies are grappling with the financial fallout from the bankruptcy of Hanjin Shipping Co., unsure about whether they can collect on unpaid bills.

Ari Ashe | Staff Reporter
September 12, 2016
Business, Logistics

Largest Ever Ship Line Failure Triggers Broad Cargo Turmoil

Truckers and the entire global shipping supply chain faced a broad array of complicated choices last week arising from Hanjin Shipping Co.’s bankruptcy that has left tens of thousands of shipments in limbo — stranded at sea, idle in ports or a burden for truckers.

Rip Watson | Special to Transport Topics
September 12, 2016
Business, Government, Logistics

Port of Long Beach CEO Slangerup to Resign

Jon Slangerup announced his resignation as CEO of the Port of Long Beach, effective Oct. 28, to take another executive position at an aviation technology company.

Ari Ashe | Staff Reporter
September 9, 2016
Business, Logistics

Swift Transportation Founder, CEO Jerry Moyes to Retire

Jerry Moyes, the founder and CEO of Swift Transportation will retire at the end of the year, the company announced Sept. 8.

September 9, 2016
Business, Logistics

From Steaks to Furniture, Hanjin Shipping Collapse to Raise Freight Costs

The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.

Karl Plume | Reuters
September 9, 2016
Business, Logistics

CSX Says Third-Quarter Earnings Will Decline

CSX Corp. has announced that third-quarter earnings will trail both the 2015 period and second quarter profit because freight volumes have slumped.

September 8, 2016
Business, Logistics

Hanjin Bankruptcy Could Affect US Holiday Sales

Troubled South Korean firm Hanjin Shipping has been granted temporary bankruptcy protection in the United States.

Mike Snider | USA Today
September 8, 2016
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