The White House announced that Mr Biden’s signature meant the Federal Maritime Commission (FMC) could issue new rules “related to certain fee assessments, prohibited practices”. In addition, OSRA will establish a shipping registry while also authorising the FMC, in certain circumstances, to is...

The ability to move containers rapidly off the docks is seen as vital to cope with high traffic volumes and is fuelling several long-term projects. Rail expansion is a major element of the port of LA’s budget for the coming fiscal year, which was formally adopted last week. The $1.9bn budget inclu...

The carrier said congestion at its Bremerhaven hub had reached “a critical level”, which was “impacting yard density levels and waiting times at the port”. It warned shippers it would start to evacuate long-standing imports to off-dock facilities “if not picked up within reasonable time fr...

INSTC is a 7,200km multimodal, cross-border freight network that links Russia to Central Asia, Iran and India, involving sea, rail and road links. It was initiated by India, Russia and Iran in 2000, with an agreement signed in 2002, but was never used to its full potential. In the original concept, ...

Management has raised the quarterly dividend by more than 50%, tied executive compensation and investment to shareholder return performance and brought in two external directors to the board, with a third to follow. To the delight of shareholders, FedEx announced the quarterly dividend would be rais...

The source of the discontent was the Safe Trucking Freight Rates System, which is due to expire in December, but citing rising fuel costs, the truck drivers wanted it to be extended. After initial talks fell through Sunday, both sides resumed negotiations yesterday, and the Ministry of Land, Infrast...

Eleanor Hadland, senior ports & terminals analyst at Drewry, told delegates a recent survey by the consultancy showed “shippers don’t expect port congestion to improve until the second half of 2023, while freight rates are never going to return to pre-pandemic levels”. Lamia Kerjoudj-Belka...

The groups met with President Joe Biden on Friday onboard the battleship USS Iowa in San Pedro, California, to discuss a range of issues, including congestion and their “shared commitment to reach a collective bargaining agreement that is fair to both parties”. The current agreement expires at 5...

As the strike reached its eighth day today, KITA urged truckers to consider the long-term economic effects of the strike and resume negotiations with the government. It said it had received 236 complaints from members, alleging financial damage from the strike that has resulted in delays to cargo de...

The move will allow exports of Ukrainian products through Poland, circumventing Russian-allied Belarus. Over the weekend, Ukraine’s deputy foreign minister, Dmytro Senik, told Reuters there were some 30 million tonnes of grain stored in silos in Ukraine since the blockade of its Black Se...