American Shipper

FreightWaves Staff Monday, July 21, 2014

Sen. Cantwell, DOT panel offer solutions for freight network

Cantwell    Sen. Maria Cantwell, D-Wash., a long-time advocate for freight investment, plans to sponsor a bill that would support greater development of freight infrastructure as part of a long-term renewal of surface transportation programs. She also reiterated her support for a dedicated funding source for freight projects, which have typically been subject to limited […]

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FreightWaves Staff Monday, July 21, 2014

BNSF, RRVW form deal on new N.D. terminal

   BNSF and Red River Valley and Western Railroad last week agreed that they will create a train shuttle service to James Valley Grain’s proposed facility in Verona, N.D.    Construction of the facility, which is reported to be a $30 million investment, had been waiting on the deal between the two carriers.    “While […]

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Chris Dupin Monday, July 21, 2014

CMA CGM acquires stake in Marseille intermodal terminal

   CMA CGM said that through its Greenmodal Transport subsidiary it has acquired a 15.5-percent stake in a company building an intermodal terminal in Marseille.    Other partners in the project in the Mourepiane intermodal terminal are the Grand Port Maritime de Marseille (GPMM), which owns 29 percent; the Chamber of Commerce and Industry Marseille […]

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FreightWaves Staff Monday, July 21, 2014

INTTRA picks Fay as new CEO

   Fay joins INTTRA after serving as senior managing director and global head of commodities and currencies for Newedge Group, a multi-asset brokerage and clearing services firm, where he also served as a member of its executive committee.

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Chris Dupin Friday, July 18, 2014

Government indicts FedEx over Internet pharmacy deliveries

   A federal grand jury in San Francisco has indicted FedEx Corporation and two subsidiaries with conspiracy to traffic in controlled substances and mis-branded prescription drugs because of its role in distributing controlled substances and prescription drugs for illegal Internet pharmacies.    “We will plead not guilty. We will defend against this attack on the […]

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Chris Dupin Friday, July 18, 2014

Algoma takes delivery of ship with exhaust scrubber

   Canada’s Algoma Central Corp. said Algoma Harvester, the second in a fleet of six new bulk ships equipped with exhaust gas scrubbers that it is building for use on the Great Lakes and St. Lawrence Seaway, was christened in Hamilton, Ontario, on Thursday.    The ships will move products primarily for agricultural, and iron […]

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Chris Dupin Friday, July 18, 2014

TOTE says engine for Puerto Rico ship delivered

   TOTE said a dual-fuel, slow-speed engine for the first of its new “Marlin Class” ships was delivered to General Dynamics’ NASSCO’s shipyard in San Diego. TOTE is building two of the new ships for the U.S. mainland-Puerto Rico trade. The ships can burn natural gas as well liquid fuel. The company said cryogenic tanks […]

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FreightWaves Staff Thursday, July 17, 2014

ICAO: Air cargo to grow 3.7% in 2014

   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 […]

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Chris Dupin Thursday, July 17, 2014

Zim completes debt restructuring

   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.”

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Chris Dupin Thursday, July 17, 2014

Long Beach container traffic up 8% in June

   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 […]

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FreightWaves Staff Thursday, July 17, 2014

DHL unveils new cryogenic shipping option

   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, […]

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FreightWaves Staff Thursday, July 17, 2014

Cathay adds Calgary freighter service

   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 […]

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