CBP said if a trade disruption occurs, cargo could be diverted to other ports, and that all ports that could be impacted have developed business resumption plans to ensure rapid restoration of Customs services.
Siim Kallas, the commission’s vice president responsible for transport, said in a statement, said the single window will reduce the present “administrative burden” carriers have to shoulder.
The Panama Canal Authority said it also reached a new milestone this month with the pouring of more than 2 million cubic meters of concrete for the middle lock on the Pacific side.
UPS is expanding an insurance program for high-value goods to three more cities. The express delivery company said its Jeweler’s Elite Program is now available in San Francisco, Philadelphia and Providence, R.I. The program was launched in 2012 in New York and Los Angeles. UPS Capital, the company’s financial services and risk […]
Bad winter weather has been blamed for disrupting much business in the first three months of the year, but the government report showed other factors were at play, too. Economists are predicting a good rebound in Q2.
Van spot rates rose by $0.01 per mile during the week ending June 21, hitting the record high of $2.08 seen in March, according to DAT. The increase in van rates equated to a 0.5-percent rise over the previous week. During the same period, flatbed spot rates rose by 0.8 percent, or $0.02, […]
The primary defeat of Eric Cantor, who has stepped down as majority leader, opened the door to Tea Party activists in the House to kill the bank. Cantor helped push through the bank’s re-authorization two years ago.
IAG said this solution is tailor made for forwarders who need a last-minute booking but don’t want to pay to transport the cargo to the airport. The program started at airports in Atlanta, Chicago, Dallas, London and New York.
UPS has begun construction on an expansion to its Memphis distribution facility, adding 140,000 square feet to the building. The $70 million project, which is expected to deliver in early 2016, will bring the Memphis development to more than 430,000 square feet. UPS officials said this increased capacity, which is a […]
The board said shippers have reported “grain elevators running out of storage capacity, risks of stored grain spoiling, and penalties incurred by grain shippers for products that are not delivered on time.”
American Shipper, in partnership with the Council of Supply Chain Management Professionals (CSCMP) and the Retail Industry Leaders Association (RILA), surveyed nearly 190 shippers and third party logistics providers on their freight payment procedures, strategies, global integration, and technology. Key focus areas include: The tools shippers and 3PLs use to extend payment terms The extent to […]
Nautilus Holdings, Ltd., a company that owns 16 containerships and charters them to various liner companies, filed for protection along with several affiliates under Chapter 11 of the U.S. Bankruptcy Code on Tuesday, citing the downturn in the container shipping industry. The ships have been on charter to companies such as Maersk, Evergreen, […]
The Task Force was created by the Port Authority with the New York Shipping Association in December 2013 to identify challenges and examine long-term recommendations to improve service reliability and efficiency.
The Maritime Piracy Humanitarian Response Program is asking that seafarers attacked and kidnapped by pirates be remembered on the International Maritime Organization’s Day of the Seafarer 2014, celebrated on June 25. “As the world celebrates the Day of the Seafarer 2014 and pays tribute to their dedication and contribution to global trade, MPHRP […]
Bloom brought INTTRA from a start-up to a firm that originates more than 23 percent of global container traffic. The company announced earlier this year he was stepping down, but was staying to help with transition to a successor.
Zim’s parent company said in a stock exchange filing last week that the liner company has held talks seeking a strategic partner, but said both its debt and the Israel government’s “golden” share were obstacles in those negotiations.
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 […]
