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 […]
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 […]
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.
Obama said deferring maintenance and enhancements is a drag on the economy, noting that construction will create jobs now, and future growth will come from companies that take advantage of efficient transportation and hire more.
The index, which will be compiled through information submitted by forwarders, will initially focus on key air cargo trading lanes out of Hong Kong. The founders have been working toward an index like this for a decade.
A BNSF official said that the Surface Transportation Board’s order to increase grain shipments might encourage customers to “seek regulatory intervention.” This, he said, will pit regions and commodities against one another.
The cargo discharged this week includes 12 nacelle cooling units and 14 generators destined for the wind farm near New Salem, N.D. The components are loaded on trucks and driven to the wind farm.
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 […]
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 […]
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 […]
“Labor relations remain strained to date,” the analyst said. “Such frequent, low-level disputes will negatively affect the effectiveness of conflict-resolution mechanisms relating to the canal.”
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 […]
