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https://www.freightwaves.com/news/daily-infographic-top-10-pending-bills-affecting-freight-markets
This is the latest in a periodic series that profiles U.S. ports. While the ports have similarities, all have different histories and many focus on certain cargoes. The nation is fortunate to have ports along its three coasts, major rivers and the Great Lakes.
Overview
The Port of Corpus Christi (Port Corpus Christi) is located on the south-central coast of Texas in the western Gulf of Mexico and on the southern shores of Corpus Christi Bay. The port is 190 nautical miles southwest of the Port...
Overview
Located in Port Allen, Louisiana, the Port of Greater Baton Rouge is among the Top 10 largest ports in the United States in terms of tonnage shipped. (It ranked seventh in 2020.) It is the northernmost port on the Mississippi River capable of handling Panamax ships.
It is both a deep water (45 feet) and a shallow draft port, providing excellent accessibility to ocean trade lanes to and from Latin America, Europe and the Far East. The port also provides access to America’s heartland via...
The logistics industry is known for its volatility, with markets shifting in response to everything from natural disasters to consumer mindset changes. This inherent changeability, coupled with the ongoing capacity crunch, makes invoice auditing more important – and more challenging – than ever for shippers. This is especially true in international shipping.
Companies rely on a wide variety of partners to handle their invoice auditing, including brokers and third-party freight pay companies....
Logistics companies DB Schenker and CMA CGM are moving towards decarbonising ocean freight by joining forces to offer green container transport, which immediately reduces the environmental footprint…
https://www.offshore-energy.biz/cma-cgm-db-schenker-fueling-green-container-transport/
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. These companies are called “fallen flags,” and the term describes companies whose corporate names have been dissolved through merger, bankruptcy or liquidation.
Today’s FreightWaves Classics profiles another fallen flag in the ocean shipping industry – the AGWI Lines. “AGWI” was an acronym for the Atlantic, Gulf & West Indies Steamship Lines.
U.S. exporters and logistics companies aren’t the only ones banging on the government’s door to take action against global container lines for alleged service failures and unfair pricing during the pandemic.
The clamor from global forwarder and shipper organizations about anticompetitive behavior got so loud that five competition authorities, including the U.S. Department of Justice, on Friday established a working group that will meet regularly to share intelligence and coordinate...
https://www.freightwaves.com/news/collusion-drumbeat-leads-to-multilateral-probe-of-shipping-lines
In 1910, James A. Farrell was an executive at U.S. Steel Corporation, which at that time was the second-largest steel company in the United States. Farrell determined that it would be more cost-effective for U.S. Steel to own its own fleet of freighters to transport steel products rather than chartering cargo space from shipping companies.
Therefore, U.S. Steel founded the Isthmian Steamship Company for the stated reason to mitigate the costs of shipping U.S. Steel’s freight. The company was...
https://www.freightwaves.com/news/freightwaves-classics-us-steel-owned-an-in-house-shipping-company
Lykes Bros. Steamship Co. (also called Lykes Lines), was a U.S.-flagged cargo shipping line that was in business for over 100 years.
Early history
The seven sons of Dr. Howell T. Lykes founded a shipping business on Florida’s Gulf Coast in 1898. Using a 109-foot three-masted schooner, they shipped cattle to Cuba to help replace herds that were killed during the Spanish-American War.
Their tradition of naming the company’s ships after family members dates back to that time; their first schooner...
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. These companies are called “fallen flags,” and the term describes companies whose corporate names have been dissolved through merger, bankruptcy or liquidation.
Today’s FreightWaves Classics profiles another fallen flag – American Export-Isbrandtsen Lines. American Export Lines merged with Isbrandtsen Co. in 1964 to form American Export & Isbrandtsen...