NYK Stolt Shipholdings, a joint venture company by NYK and Stolt Tankers, the tanker division of Stolt-Nielsen Ltd., has ordered two 12,500-deadweight-ton parcel tankers from Japan’s Usuki Shipyard Co. Ltd. The two new vessels are the ninth and 10th vessels ordered, following the eight that the joint venture currently holds and operates, and […]
Information gathered will be used to address potential trade bottlenecks, assess the economic impact of specific trade initiatives, and assist in creating metrics that explain the key benefits of partnerships with CBP and other agencies.
As shippers fret over the impact of labor negotiations between union longshoremen and their employers at U.S. West Coast ports, it should come as little surprise that importers considered port labor disruption as one of their biggest supply chain concerns this year, according to research by American Shipper. According to preliminary data from […]
“These changes will ensure robust marine regulations and continued improvements to the security of the transportation system for Canadians,” Minister of Transport Lisa Raitt said in a statement.
TransWorks and Raven Logistics have formed an alliance to provide shippers a “one-stop shop” for managing transportation by either rail or truck. TransWorks, based in Fort Wayne, Ind., develops and manages computer systems for transporting large shipments of truckload freight, handling 5 million shipments annually, while Raven Logistics, of Naples, Fla., offers rail […]
Aloha Air Cargo has purchased two Boeing 737-300SF all-cargo aircraft, which will replace half of the carrier’s fleet of Boeing 737-200s. One of the 737s is currently in operation, and the other will enter the Aloha system in the third quarter. “Our current fleet of four Boeing 737-200 aircraft has served Aloha […]
Air cargo pricing on the east-west trade lane declined in May to $3.22 per kilogram after two months of gains, according to Drewry. The average price paid by freight forwarders on 21 east-west routes, as measured in Drewry’s East-West Air Freight Price Index, had been gaining ground since February’s result of $3.12 per […]
“We have heard from truckload shippers who, as recently as a couple of weeks ago, were struggling to find capacity for days at any price. This could mean that the spillover effect from TL to LTL may have become more substantial,” Cowen and Company noted.
President Obama, in a speech at the Key Bridge connecting Washington, D.C., and Virginia, said “700,000 jobs could be at risk next year” if states have to scale back road and transit modernization projects because of the funding shortfall.
Democratic Congressmen John Garamendi, Doris Matsui, George Miller, and Mike Thompson also asked for a rulemaking requiring “the most volatile elements from Bakken crude” to be stripped out before rail transport.
The FAA Modernization and Reform Act of 2012 outlined 17 goals for UAS integration. The FAA has so far completed nine of those tasks, which include publishing a roadmap for UAS integration and selecting drone test sites.
Earlier this year, the MPA received a $750,000 grant from the U.S. Environmental Protection Agency to extend its dray truck replacement program. The MPA said it will provide up to $30,000 to short-haul operators for scrapping pre-1997 trucks.
Hanjin Shipping said it had secured KRW 300 billion (about $297 million) through the spin off of its bulk shipping business to a new company that will be jointly owned by Hanjin and Hahn & Co., one of the largest private-equity companies operating in South Korea. Hanjin is contributing 36 vessels to the […]
Danieli The Israeli business newspaper Globes and Reuters are both reporting that Rafi Danieli plans to step down as chief executive officer of Zim and will become chairman of the container shipping line. Globes said Danieli has been with Zim for 35 years and served as CEO for five years, leading the company […]
Old Dominion Freight Line has opened additional container drayage facilities in Front Royal, Va., and Portland, Ore., increasing its number of drayage facilities to 20 across the country. “The facilities will allow Old Dominion to expand coverage in the mid-Atlantic and the Pacific Northwest and will also help us meet growing demand from […]
The logistics and global trade software provider Descartes said Tuesday it raised $147.5 million in sales of common shares in the United States and Canada over the past week. The amount raised includes extra proceeds of $19.2 million due to the sale of 1.4 million additional shares. The shares were priced at $13.50, […]
IAG Cargo will increase its Iberia A340-600 flights between Madrid and Bogota, Colombia. On Aug. 9, the carrier will add two weekly frequencies, tacking on a third weekly flight in September. Imports into Colombia include general freight and textiles, while perishables are the main exports into Europe. “These additional summer frequencies […]
Talks continue between the West Coast dockworkers union and its employer representatives, despite passing the 5 p.m. (PST) contract expiration Tuesday. Shippers, meanwhile, are increasingly concerned about the lack of forthcoming details from the PMA and ILWU during the contract negotiations.
Similar to previous U.S. equivalency arrangements with Canada, the European Union, and Japan, the arrangement with South Korea eliminates significant barriers, especially for small- and mid-sized organic businesses.
“I don’t see that it is chassis any more than it is congestion,” said Fred Johring, president of Golden State Express. “As these big vessels have started coming in, it has taken these terminals to their knees.”
