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 […]
The 43-acre rail transfer center increases the railroad’s intermodal capacity at the Fort Lauderdale port from 100,000 to 450,000 lifts per year and reduces local traffic congestion and dray costs.
Kevin Castagnola, executive director and chief executive officer of the South Jersey Port Corporation, has signed a term sheet with Holt and is now negotiating a lease.
“Our nation’s economic competitiveness depends on a transportation network that can move freight safely and efficiently, especially as we are expected to move double the current amount by 2050,” DOT Secretary Foxx said.
UPS is planning to open nine operating facilities in Sao Paolo, Brazil, by May 2015, increasing its operating space to almost 216,000 square feet, a 78-percent rise. The developments will be located in Aracatuba, Bauru, Botucatu, Franca, Presidente Prudente, Ribeirao Preto, Sao Carlos, Sao Jose dos Campos, and Sao Jose do Rio Preto. […]
IAG Cargo has upgraded its fleet offering from London to Philadelphia and Calgary, upgrading the planes used to Boeing 787 Dreamliners, which will offer more capacity to customers. Officials also pointed out that the air conditioning capabilities in the cargo holds of the planes will help further grow the pharmaceutical trade between London […]
The container carrier Zim said that it had reached an agreement with the Israeli government about its so-called “golden share” which, among other things, gives the government control over the ability of shareholders to sell large stakes in the company. According to Zim, this will allow the company to restructure, it said in […]
The U.S. House of Representatives last week easily passed an Energy and Water Appropriations bill for fiscal year 2015 that funds agencies such as the Army Corps of Engineers, which is responsible for maintaining and upgrading navigable channels for inland waterways and harbors. Included in the bill is an amendment to increase spending from […]
A group of 18 consumer, trade, manufacturing, taxpayer, and food and beverage groups urged the Obama administration not to enter negotiations with Mexico on a “managed trade” agreement in response to the antidumping and countervailing duty petitions filed by U.S. sugar producers against Mexican sugar imports. “We have heard troubling rumors about pressure […]
Missouri’s Mid Continent Nail petitioned the investigation. The nine U.S. steel nail producers are in California, Colorado, Connecticut, Illinois, Indiana, Massachusetts, Missouri, Ohio, Rhode Island, and Texas.
