Freight Broker

Class I railroads will soon need to report two additional metrics, which a former BNSF director said could boost service transparency.

Caterpillar and Deere are key global manufacturers of high-and-heavy cargo and considered bellwether companies for the ro/ro breakbulk shipping segment.

Spot rates on the corridor hit their highest level of the year in the first half of May, but there are mixed views on whether demand will continue into the summer.

The company has started commissioning its New York plant and expects to ramp up hot mill production in the coming weeks.

Industry sources say operations have been affected by yard congestion and associated delays in inter-terminal transfer activity, which is an integral part of transshipment operations.

Vessel operators are banking on rising demand for ships to support the growth of wind farm installations over the next decade.

A lawsuit aims to revive the exemption and land refunds on all tariffs for shipments that would have qualified, but the Justice Department offered a rebuttal.

The US maritime regulator said the ocean carrier will also refund third parties that paid detention bills and will limit future billing to shippers and consignees.

TMV said the new funding will seed companies that want to apply new technologies to the maritime industry, shipbuilding, and related infrastructure.

The move is likely to raise costs for forwarders and carriers as they devote more resources to ensure compliance with rate filing procedures, and it could hasten a wider shakeup in China’s logistics sector.