Daily Infographic: US annual parcel shipping volumes to grow 5% through 2028

The double-digit declines keep piling up for container shipping. The Port of Long Beach said Friday that April imports fell 22% from the year before. Taiwanese carriers Evergreen and Yang Ming reported that first-quarter profits sank 95% and 94% year-on-year (y/y), respectively. South Korean ocean carrier HMM said Monday that its first-quarter net income declined…

The backers of converting the Howard Terminal at the Port of Oakland in California into a mixed use development that would house a new baseball stadium for the Oakland A’s have won a significant court victory. A California Court of Appeals panel Thursday upheld a lower court ruling that held the environmental impact report (EIR)…

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The logistics industry as a whole has been shaken up over the past few years. While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.  This shifting landscape can be attributed to a wide swath of factors, from the industry wide technological…

A significant shareholder in TravelCenters of America is asking the truckstop chain to speak with convenience store chain Arko about the latter’s bid for TA, which is for a higher per share price than that of oil giant BP, which is on track to buy TA next month. In an open letter to the TA…

Freight forwarder Worldwide Logistics Group (WWL) announced Tuesday the acquisition of customs brokerage P. W. Bellingall (PWB). San Francisco-based PWB specializes in transportation and logistics for the coffee and food sectors. The deal expands WWL’s in-house customs brokerage offering. WWL has a presence in the food and beverage logistics industry and operates a safety-certified food-grade…