Trucking, rail shipments expanded in October after a long-term slump, and analysts say e-commerce is helping drive business heading toward the holidays By ERICA E. PHILLIPS Nov. 25, 2016 2:31 p.m. ET Roads and railways are busier this fall as U.S. companies ship more goods and materials in response to improving consumer spending. Domestic freight
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Philippines approves new Cebu port project The Philippine government has approved a project to build the New Cebu International Container Port. Construction works on the new facility, which is expected to cost approximately 9.2bn Philippine pesos (US$185m), are expected to start in the third quarter of 2017 with completion scheduled for the second quarter of
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Dollar’s Rapid Gain Triggers Angst in Emerging Markets Developing countries move to stabilize their currencies By Chelsey Dulaney and Ben Eisen in New York and Yantoultra Ngui in Kuala Lumpur, Malaysia The dollar extended its powerful rally, spurring central banks in developing countries to take steps to stabilize their own currencies and threatening to create
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MSC Sets Up New Service on Transpacific Route

Switzerland-based Mediterranean Shipping Company (MSC) has revealed plans to launch a new service, the Sequoia service, on its Transpacific West Coast USA & Canada route, starting from December this year. The Sequoia service represents MSC’s sixth Transpacific service and will connect South China with California’s Long Beach. The service will start operating from Chiwan, China, on
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October was the busiest month ever at the US Port of Los Angeles, with the port’s containerized cargo eclipsing the previous record of 800,063 TEUs seen in October 2006. The port recorded a 16 percent increase in its container throughput, which rose to 814,574 TEUs from 704,588 TEUs handled in the same month last year. October
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Oakland Becomes Part of Asia-US Shipping Route

A Transpacific shipping route linking Asia and the US will add weekly US Port of Oakland stops, beginning on November 6, 2016.  With this move, Oakland will become the sixth stop in the Calco-C service, which is expected to bring an additional 50 vessel arrivals to the port on an annual basis. This could increase Oakland cargo
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Around 95 percent of container ships owned by financially-troubled shipping company from South Korea, Hanjin Shipping, have completed cargo unloading until now, Yonhap News Agency cited the country’s government. Five of the company’s vessels are still seized as they have not paid service fees. South Korean Ministry of Oceans and Fisheries said that 94 out
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VDR: Risk of Pirate Attacks Remains High

The German Shipowners’ Association (VDR) has once again warned that the threat to shipping posed by pirates has not yet been eliminated as the risk of attacks remains high around the Horn of Africa. The warning was made only days after an alleged pirate attack on a German tanker some 300 nautical miles off the
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