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News
Port of Los Angeles extends Yusen lease through 2056 with $200 million equipment commitment
1+ week, 4+ day ago (353+ words) The Port of Los Angeles has approved a 30 year extension of Yusen Terminals’ operating agreement, keeping the container terminal operator at the US gateway through 2056 while tying the long term arrangement to further investment in zero emission cargo handling equipment....
CMA CGM narrows $2,000 South America surcharge to long term contracts
2+ week, 5+ day ago (318+ words) CMA CGM will maintain a $2,000 peak season surcharge on dry container shipments from India’s west coast, Pakistan and Sri Lanka to South America’s east coast from September 1, but will limit the charge to long term contracts. The French container carrier…...
BNSF expands Phoenix to DFW intermodal service as freight demand rises
4+ week, 1+ day ago (419+ words) BNSF Railway is expanding its intermodal rail service between Phoenix and the Dallas Fort Worth area to six days a week, responding to increased freight demand ahead of the domestic peak shipping season. The enhanced service will move cargo from…...