PSA India has launched a new direct southern rail connection linking Mumbai to Cochin in Southwestern India. The new service provides a plethora of services – including the transportation of Direct Port Delivery (DPD)…
The CMA CGM Group has posted strong financial results once again, totalling $19.9 billion in revenue for the third quarter of 2022. EBITDA came to $9.15 billion, representing an EBITDA margin of 46 per cent. Net income…
Deutsche Post DHL Group has introduced a framework to issue sustainability-linked bonds in a bid to create sustainable financing. With the “Sustainability-Linked Finance Framework”, DHL aims to create a direct relation…
The Port Authority of Valencia (PAV) is studying the expansion of its connection routes with northern Morocco. The port authority recently held meetings with Moroccan shippers and logistics operators on the side lines of…
Ningbo-Zhoushan Port has opened a new transport service to export new energy vehicles (NEVs). According to state media outlet Xinhua, the port in China’s Zhejiang Province has become a new passage for NEVs via a sea-rail…
The Port of New York and New Jersey (PANYNJ) moved 792,548 TEU in October 2022. The seaport retained its title as the nation’s busiest for a third consecutive month in a row, moving nearly 19 per cent more cargo in…
Zergratran SA has announced its Reg A+ offering to raise $75 million to build the first Green Shipping Corridor. Puerto Internacional Las Americas (PILA) is planned to be an underground tunnel, about 100 miles south of…
The board at the Ports of Auckland has hit back at comments from the city’s new mayor in an ongoing row about the future of the port. Auckland Mayor Wayne Brown said he has lost confidence in and is currently working to…
A potential rail strike from US railroad workers in December could have dire impacts on an already unstable economy during the peak season, experts have forecasted. Earlier this week one of the US’s largest railroad…
APM Terminals (APMT) has announced that Girish Aggarwal will become Managing Director for Gujarat Pipavav Port Ltd. (APMT Pipavav) effective 1 January 2023. Aggarwal will assume the position following three years as…
The Port of Houston has enjoyed a 13 per cent year-on-year container growth in October, continuing its positive trend seen throughout 2022. The port moved a total of 371,994 TEU during the month. Loaded container TEU…
Norfolk Southern Railway Company, a subsidiary of Norfolk Southern Corporation, has entered a purchase agreement to acquire all of Cincinnati Southern Railway (CSR)’s assets. The CSR is an approximately 337-mile railroad…
