Air cargo activity rose 5.8% in July
IATA measured a 5.8% increase in July air freight tonnage.
IATA measured a 5.8% increase in July air freight tonnage.
Its third acquisiton in the past year, Suttons has bought Imperial Tankers.
Kuehne + Nagel will provide its ocean freight customers with exact emission data.
Omnitracs has purchased XRS Corp. for $178 million.
Quality Carriers, a provider of bulk chemical transportation services, has expanded into Charleston.
The 3PL OIA Global has opened an office in Mumbai, India.
Taiwan says forwarders can consolidate exports to multiple destinations.
Container pricing on major East-West trade lanes drops by 6 percent.
Maersk and MSC say they plan to initially operate 97 ships ranging in size from 4,000 TEU to 13,000 TEU in the 2M vessel sharing agreement on trades to and from the U.S., but may eventually operate up to 130 ships with capacities up to 19,200 TEU. The two companies provided some details […]
CMA CGM said average revenue per TEU decreased by 3.9 percent over the period. However, the company said, “Freight rates remained volatile overall, with the usual high level of volumes at this time of the year.”
The container liner company Mediterranean Shipping Co. said its Terminal Investment Limited affiliate has acquired Global Infrastructure Partners’ 50-percent interest in a company that owns Exoglan, the largest container terminal in Buenos Aires. Global Infrastructure Partners and TIL have been working together since Global acquired 35 percent of TIL from MSC for $1.9 […]
The restructuring plan also calls for increased government regulatory support of the new Malaysia Airlines, better job training and new leadership. The new airline’s business model will also be more regionally focused.
Judge Susan Wigenton wrote in her decision “the eradication of racial and gender-based discrimination is a purpose of the compact” between New York and New Jersey that created the commission in 1953.
Ex-Im Bank spells out requirements for products with potential use in either military or commercial applications, in its financing agreements with borrowers. The government seeks to prevent misuse of certain dual-use technologies.
Worldwide Flight Services said it will acquire Swissport’s cargo business at Copenhagen Airport. As part of the deal, Swissport will transfer all business activities, including assets, to WFS on Oct. 1. WFS will take over Swissport’s 4,200-square-meter cargo terminal at Copenhagen Airport, which handles about 18,000 tons a year for numerous airlines. […]
Brussels Airport is the first European airport hub to sign on to a pharmaceutical shipping certification program developed by the International Air Transport Association’s Center of Excellence for Independent Validators. “Brussels Airport is aiming to strengthen its position as a leading gateway for the handling and transportation of pharmaceutical freight in Europe,” stated […]
Deutsche Post DHL said more than 60 percent of its electricity is now generated from renewable resources, up from 42 percent in 2012 and 37 percent in 2010. The company said it has mitigated the output of more than 450,000 tons of CO2 over the past year. It has been focusing mostly on […]
Maryland’s Department of Transportation has terminated an agreement with CSX to build the Baltimore Rail Intermodal Facility at Morrell Park and has pulled all state funding from the project. “CSX has worked to develop an intermodal transfer facility that balances the needs of the community, the State of Maryland, the City of Baltimore […]
Maersk said that due to backlog of plastic scrap containers, it will no longer accept plastic scrap from the U.S. and Canada to Haiphong and Da Nang, Vietnam, effective immediately.
U.S.-based ACO Investment Group entered an agreement this week with the Burma Ministry of Electric Power to develop two 150-megawatt solar energy plants. Burma relies heavily on hydropower, which decreases in output during the dry season, when solar sources are at their peak. When completed in 2016, the solar project is expected to […]