Cargolux Airlines will take delivery of its 10th Boeing 747-8 freighter on July 25. Dirk Reich, the carrier’s president and chief executive officer, said that the delivery of the plane will help bring the fleet average age down to 5.8 years. “Apart from the increased fuel efficiency and reduced noise footprint, the […]
Pantos Logistics has acquired a 20,000-square-meter warehouse at Massvlakte next to Port of Rotterdam. The warehouse will allow Pantos to further expand its distribution business in Europe. The company currently operates 90 distribution centers worldwide, including 11 in Europe, and has developed networks in European countries, including the Netherlands, Germany, France, the […]
Non-vessel-operating common carrier Vanguard Logistics Services has established Vanguard Turkey Lojistik Hizmetler A.S., providing both import and export less-than-containerload services. The NVO has provided services in Turkey through a partnership with JMS for many years. The JMS employees will transition into the Vanguard Group, expanding Vanguard’s brand, operations and network to the Turkish […]
Senator Patty Murray, D-Wash., said the proposed rules are “a step in the right direction,” but added that regulators and industry officials are not done working “to ensure that crude oil can be transported safely by rail.”
Norfolk Southern officials said the railroad broke a record for net income during the third quarter, generating $562 million, a 21-percent, year-over-year rise. Income from railway operations experienced a 22-percent increase to $1 billion. Coupled with those record earnings, NS’ operating ratio improved by 5 percentage points, as operating revenues rose 9 […]
After four consecutive months of improving truck tonnage, the American Trucking Associations’ For-Hire Truck Tonnage Index inched down by 0.8 percent in June. “June was one of those months where the data doesn’t quite match up with the anecdotal reports from fleets,” Bob Costello, ATA’s chief economist said in a statement. “We had […]
In the second quarter, Delta Air Lines’ cargo revenue fell 1 percent to $230 million, on what officials said were “lower freight yields were partially offset by higher volumes.” Cargo revenue fell 5 percent during the first six months of the year, when compared to the same period in 2013. Total operating […]
“We plan to pursue the targeted expansion of our activities in the Korean market and leverage the close logistical connection to Greater China, the U.S. and Europe for our customers,” Dachser Korea’s managing director, Roman Muller, said.
The damage, which is expected to take three months to repair, will not slow cargo operations, but may require ships to be moved to alternative berths, according to port officials. Larger biodiesel tankers that use the pier will require help.
Crowley is reportedly “in talks to acquire Horizon Line’s port facilities in San Juan and its service between the mainland and Puerto Rico,” according to the publication Caribbean Business, which cited unnamed sources. However, Crowley Spokesman Mark Miller said, “Our plans have not changed. We are building two new, LNG-powered ConRo ships at […]
Foreign shipping lines are resuming container service to Iranian ports. “Thai Wan Hai Company became the first foreign shipping line that resumed operation in Iran after its ship berthed in the Southern Iranian Shaheed Rajayee port on Tuesday morning,” reported Iran’s FARS News Agency. Wan Hai is headquartered in Taiwan, but has subsidiaries […]
The Senate bill being debated would provide 10 months of funding, through next May, for the Highway Trust Fund, from various new revenue sources and budgetary maneuvering. The House last week approved a similar measure.
Derek Leathers, Werner’s president and chief operating officer, said his company has expanded its business relationship and worked closely with Hercules’ chairman and chief executive officer, and the company’s management for six years.
Freight tonnage will rise 23.5 percent between 2013 and 2025, as freight revenue increases by 72 percent during the same period, according to the American Trucking Associations’ “U.S. Freight Transportation Forecast to 2025.” The forecast, which is produced with the assistance of IHS Global Insight, shows that trucking’s share of that freight will […]
Air freight and ocean freight volumes grew 4 percent and 8 percent, respectively, in the first half of the year for Panalpina, but the company said unit profitability was affected by a challenging market environment.
Eleven former secretaries of transportation joined Department of Transportation Secretary Anthony Foxx in an open letter to Congress urging swift action on a multi-year blueprint for addressing the nation’s infrastructure deficit.
The transportation and supply chain management company Ryder System will use LLamasoft’s Supply Chain Guru solution as its primary supply chain design and vehicle route optimization tool, the companies said Tuesday. Ryder, which specializes in fleet management, supply chain management and dedicated transportation services, plans to deploy Supply Chain Guru throughout its global enterprise. […]
APM Terminals, the world’s third-largest container terminal operator in terms of throughput, announced Tuesday that it has agreed to sell its ultra-modern facility in Portsmouth, Va., to two investment funds. Alinda Capital Partners is a U.S.-based infrastructure investment firm, and Universities Superannuation Scheme Limited, which has a global infrastructure portfolio, is the largest private […]
Matson said it entered into a settlement agreement on July 17 with the federal government over a whistleblower lawsuit that claimed violations of the federal False Claims Act because ocean freight fuel surcharges were imposed on portions of military household good shipments that moved in part by rail or truck. In a Securities […]
Graeme J. Burnett, Delta’s senior vice president of fuel optimization and Monroe Energy’s chairman, said the deal will help Monroe meet it’s minimum goal of 70,000 barrels of crude per day.
