The U.S. Export-Import Bank voted this week to guarantee a $15 million loan extended by Rabobank International of Utrecht, the Netherlands, to Energyst to facilitate the export of Caterpillar power-generation equipment. “Ex-Im Bank’s financing will support the export of important power-generation equipment made here in America and for potential use in Africa or […]
Almost 200 truck drivers at U.K. supermarket chain Sainsbury plan to walk off the job at the Merseyside distribution center for two hours on Friday to protest the company’s changes to its pension plan, the nation’s largest trade union, Unite, said. The union claims that low-wage workers will see significant cuts to their […]
Intersil Corp. of Milpitas, Calif., has agreed to pay a $6 million civil penalty for violating export control laws and spend up to $4 million to institute stronger internal compliance procedures, the U.S. State Department said Thursday. The company allegedly misclassified thousands of radiation-hardened and tolerant integrated circuits, which are defense articles controlled […]
The Port of Los Angeles will hold a public hearing on Thursday evening to receive public comments prior to considering the a request by APM Terminals to raise 14 existing container cranes and extend their reach booms at berths 401-404. APM plans to raise the cranes 32 feet and extend the boom reach […]
Emirates will increase cargo capacity between its Dubai hub and Houston and San Francisco, upgrading the planes flying those routes to A380s starting in December. The routes are currently serviced using Boeing 777-300ERs.
According to Drewry’s recently published 2014 Container Census report, high-cube, 40-foot containers, which it said will represent nearly 50 percent of the fleet, are cutting into the market for traditional 40-foot containers.
Asian shippers groups said they were pleased with the decision on Tuesday by China’s Ministry of Commerce to block formation of the P3 Network, a global vessel-sharing alliance set to commence on the major east-west shipping corridors.
Surprised by China’s decision to block the P3 Alliance’s proposal? So was most of the shipping world. Tune in to this 35-minutes podcast to hear American Shipper and BlueWater Reporting staff weigh in on this momentous decision. We explore some of the crucial questions left unanswered, where Maersk, Mediterranean Shipping Co. and CMA CGM go […]
With funding supplied from the Water Resources Reform and Development Act, which was signed into law June 10, Jacksonville Port officials have kicked off the design phase of the Jacksonville Harbor Deepening Project. With an expected time frame of 18 months, officials say construction could commence sometime in 2016. “During the course […]
Union Pacific has increased service levels for its “premium” intermodal offerings to Chicago beginning in Portland and Northern California. According to a press release, officials made the change because of “growing needs for truck-competitive service between western U.S. markets and Chicago.” The Portland service operates five times each week to Chicago, with […]
It’s hard to overstate just how unexpected — how utterly shocking — it was for the shipping world to find out that China’s Ministry of Commerce had blocked a proposal by the world’s three biggest liner carriers to jointly operate service on the world’s three biggest container trades. Shock, awe, and a good […]
Spending on freight transportation and logistics services grew more slowly in 2013, reflecting weaker shipment volumes and flat rates associated with a sluggish economy, rather than any gains in business efficiency, according to a report.
Much of the talk during sessions at the American Association of Exporters and Importers’ annual conference in Minneapolis Tuesday centered around how shippers might be affected by ongoing multilateral trade negotiations involving the United States — specifically, the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. To confuse things a bit more, speakers […]
Average van spot rates continued to rise during the second week of June, finishing the period at $2.07 per mile, just a few cents off the record high of $2.10 per mile seen in March, according to DAT Trendlines.
The U.S. International Trade Commission has started an investigation into the global rice trade. The investigation, “Rice: Global Competitiveness of the U.S. Industry,” was requested by the House Ways and Means Committee. ITC will deliver the report to the committee by April 14, 2015. Specifically, the ITC will examine factors of competition […]
Companies “are finding that the total cost of production and other expenses related to manufacturing abroad can carry costs and risks that outweigh the benefits, and are considering domestic operations,” Commerce Secretary Pritzker said.
Hong Kong will permit the import of the full range of U.S. beef and beef products, consistent with access prior to the end of 2003. Previously, only deboned beef and certain bone-in beef from young cattle could be shipped to Hong Kong.
President Barack Obama has designated Meredith M. Broadbent, a Republican from Virginia, as chairman of the U.S. International Trade Commission for the term June 17, 2014 to June 16, 2016. Broadbent was nominated to the ITC by the president on Nov. 8, 2011. She was confirmed by the Senate on Aug. 2, 2012, […]
The website and campaign, dubbed Transportation Makes America Work, is aimed at members of Congress, and will include infographics and sound bites about transportation’s importance.
In an anticipated move, UPS announced Tuesday it will shift to a dimensional-weight calculation on ground services Dec. 29, bringing UPS Ground in line with pricing for air services and ground shipments measuring more than three cubic feet.
