Descartes has initiated a public offering in the United States and Canada of 9.5 million common shares to generate cash for future acquisitions, debt repayment and general purposes, according to the company. “Completion of the offering is subject to market conditions and approval by the Toronto Stock Exchange. There can be no assurance […]
Port Canaveral has signed a 35-year agreement with GT-USA, the U.S. arm of Gulftainer, a terminal operator headquartered in the United Arab Emirates, to operate and further develop its container and multi-purpose cargo terminal.
OW Bunker, a distributor of marine fuels, has acquired marine fuel broker Wilhelmsen Marine Fuels, a subsidiary of Norwegian Wilhelmsen Maritime Services. Terms of the deal were not disclosed. Wilhelmsen Marine Fuels’ main activity is broking services from offices in Oslo, London and Singapore. The firm will continue as a separate business […]
Ford Motor Co. has modified standard bi-level rail cars used by auto manufacturers for finished vehicle shipments to transport its new full-size Transit cargo vans in the United States, the company said.
Third-party logistics provider Yusen Logistics has started temperature-controlled, less-than-truckload services for food products in Indochina. “With reefer trucks often used for road transportation of food products and other chilled cargo, solutions can be costly with scheduling issues, as trucks sometimes need to be chartered even for small orders, or postponed until more cargo […]
The 15 container shipping lines that are members of the Transpacific Stabilization Agreement have delayed the effective date of a scheduled peak season surcharge of $400 per 40-foot container from June 15 to July 1, saying that the new date coincides with “expiration of various market rates on June 30. “The objective is […]
Damco, a third-party logistics subsidiary of A.P. Moller-Maersk, has started operating its first warehouse and container freight station in Myanmar. The 4,000-square-meter facility is located 15 kilometers from Yangon ports and major industrial sites in the country. “After acquiring an operating license in 2013 and opening a new office in Yangon, we […]
Less-than-truckload carrier Old Dominion Freight Line has completed an expansion to its Portland, Maine, facility. The renovated service center has 43 doors — more than 60-percent more doors than the original service center, Old Dominion said. The company entered Maine in 2005. The service center provides service throughout Maine, including Sanford, Scarborough, […]
A strike by members of a French air traffic controllers union has caused delays throughout Europe, according to the International Air Transport Association. News reports found that the proposed six-day strike has impacted 20 percent of all flights in France. “In addition to vacationers, business people undertaking important trips, and those awaiting […]
The European Commission said Tuesday it has extended by another five years until April 2020 thevalidity of its existing legal framework exempting, if certainconditions are met, liner-shipping consortia from EU antitrust rules. The decision comes days after China scuttled plans for the P3 Network that Maersk, MSC and CMA CGM planned to operate […]
U.S. Customs and Border Protection has plans to test a holistic trusted trader program that combines security and trade compliance similar to the World Customs Organization’s Authorized Economic Operator model, the agency announced in the Federal Register last week. The pilot program represents another step toward integrated government cargo clearance at the […]
Sen. Heidi Heitkamp is tasking the Federal Emergency Management Agency with finding out how to properly prepare local first responders in the case of crude oil derailments.
APM will fund the $35 million in improvements, which will raise the cranes 32 feet and extend the boom reach by 10 feet. Work is expected to begin this fall and be completed in 2016.
DHL Global Forwarding will work with Airbus to ship parts for its A319, A320 and A321 planes from a production site in Germany to the company’s new facility in Mobile, Ala., for final assembly. The agreement will commence in 2015. DHL will load components like wings and fuselages onto air and ocean carriers […]
The PMA has released a study that cautions, “Should terminal charges at the West Coast ports increase as the result of the contract negotiations … the competitive logistics position of the West Coast ports will be eroded.”
The National Transportation Safety Board’s preliminary findings in a New Jersey crash that injured comedian Tracy Morgan seem to point to fatigue as the cause of the accident. James Hoffa, the general president of the International Brotherhood of Teamsters, said the findings show that “truck drivers are pushing beyond the limits of the […]
Japanese carrier “K” Line announced on top of its recent eight-vessel building order, which will be delivered from 2015 to 2016, that it has ordered two additional car carrier vessels capable of carrying 7,500 car-equivalent units. The two vessels will be delivered in 2017 from Shin Kurushima Dockyard Co. Ltd., the carrier said.
Drewry said the decision to block the P3 Network “will probably postpone the stabilization of the over-supplied and unprofitable carrier industry, but the further development of mega-alliances will not stop here.”
Virginia International Terminals and Navis spent two years planning and installing the new system, which went live ahead of its July 4 service date, the Port of Virginia said Friday.
Despite strong support from the industry and motorists, last week’s proposal by Sens. Bob Corker, R-Tenn., and Chris Murphy, D-Conn., is not expected to gain much traction in a politically divided Congress where ideology over taxes and spending colors almost every decision. The Highway Trust Fund is projected to go into the red […]
