The volume of air cargo worldwide will grow by 3.7 percent in 2014, a vast increase from the 0.3-percent growth measured in 2013, according to the International Civil Aviation Organization. The group expects air cargo activity to pick up in the next two years, predicting 4.2 percent growth in 2015 and 4.4 percent […]
Zim said the restructuring “provides the company with a stable, long-term capital structure. The company will now focus on the implementation of its business plan, with a view to achieving profitability in the near future.”
The Port of Long Beach said its terminals handled 610,516 TEU of containerized cargo in June, 8-percent more than in June 2013. It was the busiest June since 2007, which was the busiest year for container cargo at Long Beach. The port handled 316,054 TEU of imports in June, 8.8-percent more than a […]
DHL has beefed up its cryogenic-shipping options, adding a new service through LifeConEx targeting shippers in the healthcare and life sciences industries. The new service uses liquid nitrogen dry vapor to hold cargo at -150 degrees Celsius for ten days. This is a more reliable and environmentally friendly alternative to extra-cold shipping methods, […]
Cathay Pacific Airways will begin twice-weekly Boeing 747-8 freighter service from Hong Kong to Calgary starting Oct. 17. The services will follow a Hong Kong-Anchorage-New York JFK-Calgary-Hong Kong routing, with a stop in Columbus added once a week. “We are pleased that Cathay Pacific Cargo has selected Calgary to be its newest […]
Most of the 167 checkpoints on the northern and southern border are outdated and not configured to meet Customs and Border Protection’s post-9/11 security missions.
The French Competition Authority, Authroite de la Concurrence, has ratcheted up its investigation of FedEx France, TNT Express and Royal Mail for anti-competitive parcel-delivery dealings in France. TNT sent out a terse release Tuesday that said the company had been given a Statement of Objections from the agency, but the company also noted […]
The Obama administration said Russia continues to provide Ukrainian separatists heavy weapons, equipment, and other financing, and continues to allow militants to enter Ukraine freely.
The U.S. Commerce Department of Commerce has initiated antidumping duty and countervailing duty investigations of imports of certain passenger vehicle and light truck tires from China. Dumping occurs when a foreign company sells a product in the United States at less than its fair value, while countervailable subsidies are financial assistance from foreign […]
The transportation strategic advisory firm CarrierDirect has released its semi-annual report on domestic freight market trends and perspective, with the firm predicting increased carrier pricing power. “CarrierDirect is seeing strong signs of life in the freight industry following a difficult start to the year due to the Polar Vortex,” the firm said. “Strong […]
TSA called it “part of an ongoing revenue-improvement program aimed at enabling carrier reinvestment in the transpacific trade lane to ensure adequate service levels as demand increases.”
Officials said that growth is coming on the strength of upward trends in the intermodal and oil and gas markets, and that this growth would allow them to increase investments this year by $100 million.
J.B. Hunt earned $93.4 million during the second quarter, up nearly $6 million from the same period last year, on fairly robust revenue results for most of its segments. The company’s largest segment, Intermodal, experienced a revenue rise of 9 percent, year-over-year, to $931 million, on the strength of an 8-percent rise in […]
The budget includes funding for 28 new full-time positions, which include 20 in engineering to support ongoing capital improvements, and six to enhance port security.
The Port of Los Angeles said it handled 736,438 TEU of containerized cargo in June, 13.89-percent more than in the same period the prior year. Container imports rose 16.55 percent to 382,666 TEU, while exports rose 8.51 percent to 160,823 TEU in June 2014. Empties were up 13.4 percent.
A Norfolk Southern train hauling vehicles and intermodal cargo from Lousiville, Ky., to Norfolk, Va., derailed Monday. A dozen autorack cars and two double-stack intermodal rail cars traveling to Norfolk went off the track in Wytheville, which is about 80 miles southwest of Roanoke, on Monday evening. Late Tuesday, the track reopened. […]
Hamburg Süd has phased the 4,600-TEU Cap Jackson, into an 11-ship fleet in that the company operates in a vessel-sharing agreement with Hapag-Lloyd between the West Coast of North America and ports in the Western Mediterranean. The service offers a direct call in Cartagena, where transhipment to other Hamburg Süd services is available.
Jaenichen has called to increase support for government-impelled cargo, either by increasing commercial cargo opportunities or raising the Maritime Security Program stipend rate for U.S.-flag vessel operators.
By a vote of 367 to 55, the U.S. House of Representatives passed a stop-gap funding measure to ensure adequate funding for the Highway Trust Fund through next May. The measure provides nearly $11 billion for highway repair and transportation programs. Instead of transferring money from the General Fund, as many had predicted, […]
Wallenius Wilhelmsen Logistics said it was recently selected to be BMW of North America’s vehicle processor in Baltimore. WWL Vehicle Services Americas has already started processing imported autos for both BMW and Mini at the port in June. The service includes accessory installation, body shop repairs, pre-delivery inspections, quality inspections and finishing work […]
