Khazanah Nasional Berhad, the investment arm of the Malaysian Government and the majority stakeholder in Malaysia Airlines, has issued a proposal to buy all of Malaysia Airlines’ outstanding shares and remove the carrier from public trading. In a statement, the organization said de-listing the carrier is the first step toward restructuring Malaysia Airlines. […]
Moody’s put MOL’s Baa3 rating — the lowest of its investment grade ratings — under review on Monday after MOL reported earnings of 8.5 billion yen ($84 million) for the period ending June 30, compared to 12.9 billion yen the previous year.
One factor that can help get a vessel back to sea — where it makes money — is how fast ship-to-shore cranes can discharge and load boxes. Terminals in Bayonne, N.J., and California are striving to improve crane capacity.
CSAV said the Department of Justice and the Federal Trade Commission have approved plans to merge CSAV’s container business with Hapag-Lloyd. “This is part of the consultation process to regulatory authorities that the two companies are carrying out,” the Chilean shipping company said. CSAV and Hapag-Lloyd signed in April a binding agreement, […]
“Exports to most other trading partners are down for the year, though two notable — and, perhaps, surprising — exceptions are Venezuela and Russia,” said the American Institute for International Steel.
China’s export restraints, the U.S. government had warned, “artificially increase world prices for these raw material inputs while artificially lowering prices for Chinese producers.”
A bumper crop of Canadian grain has led to a 70-percent increase in maritime shipments via the St. Lawrence Seaway over last year’s season, according to the Chamber of Marine Commerce. The St. Lawrence Seaway Management Corp. reported that while combined Canada-U.S. grain shipments are up 55 percent, Canadian grain shipments alone from […]
Russia has imposed a ban on imports of fruits and vegetables, beef, pork, poultry, fish and dairy products from the United States, the European Union, Canada, Australia and Norway — countries that have recently imposed sanctions on Russia — for 1 year. U.S. exports to Russia totaled $819.7 million in June, topping $5.9 […]
The company issued a statement on Sunday, the tunnel’s first day open to traffic, saying that the first dozen containers to move on trucks on the dedicated roadway were from Seaboard.
The U.S. Commerce Department on Wednesday reported that the country’s exports of goods and services reached a record $195.9 billion, eclipsing the previous month’s amount by more than $300 million. U.S. exports of goods and services over the last 12 months totaled $2.3 trillion, which is 46-percent above the level of exports in […]
APL attributed a 3-percent increase in costs of sales per FEU “largely to a nation-wide trucking shortage in the U.S., port congestion issues in Southern California, as well as empty equipment repositioning costs.”
Shipments of limestone on the Great Lakes totaled 4,090,079 tons in July, the highest total for the trade since July 2012, according to the Lake Carriers’ Association, which represents 17 American companies that operate 57 U.S.-flag vessels on the Great Lakes. Loadings for July totaled 4,083,753 tons. Loadings out of U.S. […]
“We are making good on our promise to help residents in states affected by natural disasters and other emergencies,” said Transportation Secretary Anthony Foxx in a statement.
The U.S. and Kenyan governments on Wednesday signed a Customs Mutual Assistance Agreement to collaborate on security and trade facilitation. “This agreement will expand our efforts to combat illicit cross-border activities and will enable us to continue our work to prevent, detect and investigate customs offenses,” said U.S. Customs and Border Protection’s Acting […]
Sunland Logistics Solutions, a South Carolina-based third party logistics services provider, has entered a partnership with Artisan Logistics as their in-house carrier to support Sunland’s customers with transportation services outside its network. Sunland provides transportation for shuttle and dedicated moves within a 200-mile range of its warehouses throughout the state. Artisan […]
The report suggested supply chain companies targeting new talent aim to recruit in the fall, not the spring, “or risk the near 100-percent placement rates shutting you out of that year’s candidate pool.”
A record amount of container cargo moved through the Port of the Port of New York and New Jersey in the first six months of 2014. The agency attributed the increase to an improving economy and diversion of cargo that would normally move through West Coast ports. Cargo moved from the West Coast because […]
A USDA official said the situation at the Port of Vancouver doesn’t “ensure safe access to the UGC facility for the GIPSA, and therefore [USDA] is conditionally withholding official grain weighing and inspection services.”
Expeditors International turned in net earnings of $91.3 million during the second quarter, a year-over-year decrease of 1 percent, while net revenues ticked up 3 percent to $484.7 million.
Brown Sen. Sherrod Brown, D-Ohio, has introduced a bill ensuring transportation spending it used toward products made in America. In addition to creating Buy America preferences for materials used in transportation projects, the “Invest in American Jobs Act” would “prevent segmentation to circumvent Buy America standards” and make the Department of Transportation allow […]
