Located in the Yinzhou Economic Development Zone, the plant will make various kinds of logistic equipment such as standard or special containers, CIMC said in a filing with the Hong Kong Stock Exchange. The factory will cost $482 million.
The global electrical power distribution manufacturer Schneider Electric has chosen the supply chain design software provider LLamasoft for an enterprise supply chain design solution. Schneider helps power generators that distribute electricity, designs automation systems for the automobile and water treatment industries, builds electric networks and utility management systems, and manages electric power in […]
Cargo volumes at airports around the world rose 4.8 percent, year-over-year, in April, according to Airports Council International. For the first four months of the year, activity rose 3.7 percent. North American freight rose by 6.1 percent.
UTi Worldwide has installed ocean charter service centers in Amsterdam, Johannesburg, Houston and Singapore, all “major centers” for the oil and gas industry, the company said. UTi is also hoping to get business in the mining and large-project construction fields. Houston will serve as the global hub for the program, which seeks to […]
American Airlines has launched two daily, non-stop services to Asia from Dallas/Fort Worth International Airport, with one routing to Hong Kong International Airport, and the other heading to Shanghai Pudong International Airport. The flights to Hong Kong will use a Boeing 777-300ER, with the Shanghai flights being flown with a Boeing 777-200ER. […]
President Barack Obama signed the Water Resources Reform and Development Act into law Tuesday, authorizing the Army Corps of Engineers to improve the nation’s waterways and ports.
During its investor day, Echo Global Logistics set a revenue goal of $2 billion for 2017, but analysts say the company, which acquired One Stop Logistics last month, may be underestimating itself. Calling the guidance “somewhat conservative,” Jason Seidl of Cowen and Company said the company is currently focused on boosting its clientele […]
There are a hundred and one tidbits to be gleaned whenever you gather 1,000 supply chain-oriented IT folks in the same room, such was the case two weeks ago at Gartner’s annual executive conference.
The rate increase is substantial compared to current spot rates measured by the Shanghai Container Freight Index, which stood at $1,183 per TEU to North Europe and $1,761 per TEU to the Mediterranean.
U.S. steel exports continued rising for the second month in a row in April, with 1.08 million net tons, the American Institute for International Steel said Monday. AIIS said April exports were up 3.7 percent compared to April 2013, and were at the highest level since October. Exports to Canada dropped slightly, […]
“As the closest U.S. deepwater seaport to the expanding Panama Canal, Port Manatee is drawing increased interest,” said the port’s executive director, Carlos Buqueras, in a statement.
The Port of Redwood City set records in the month of May, with 11 ship calls and 287,237 metric tons crossing the docks, the most in a single month, it said Monday. “This record month demonstrates that the port and the companies operating at the port have the capacity and capability of handling […]
The Teamsters president wrote to the House of Representatives to oppose amendments to delay some provisions in the Federal Motor Carrier Safety Administration’s hours-of-service rules and to increase the size of double-wide trailers.
The U.S. Department of Commerce will continue its investigations on imports of the containers, with its preliminary countervailing duty determination due on or about July 17.
This week, attendees of the National Association of Manufacturers’ 2014 Manufacturing Summit and the U.S. Chamber of Commerce’s America’s Small Business Summit, both held in Washington, D.C., will focus on improving domestic transportation through legislation. According to a joint press release, members of these organizations will press Congress to do something about the […]
The agency said “unprecedented collaborative efforts” have put the port “in a better position to handle both current volumes and any potential diversions from the West Coast.” Last summer, there were long waits for truckers at the port.
“Pigs don’t sweat, so we can’t have them sitting on a truck for 30 minutes in the height of summer,” the National Pork Producers Council’s president, Howard Hill, said after the DOT waived the 30-minute break rule for one year.
House Majority Leader Eric Cantor, R-Va., is gearing up to offer a proposal to fix the Highway Trust Fund by the end of the month, according to a legislative agenda update for June he sent Friday.
Three Asia-Pacific Gateway projects are now complete along the Roberts Bank Rail Corridor in British Columbia, Transport Canada announced. Construction is finished on road/rail overpasses at 54th Avenue, 196th Street and 232nd Street, which will help to ease traffic congestion through the cities of Surrey and Langley, and the township of Langley, the […]
Richard Craig has been promoted to president and chief executive officer of MOL (America) Inc., the company announced Monday. Craig has 34 years of experience in the container shipping industry, with 11 years spent at MOL.
