During the first week of June, spot market truck capacity fell by 8.8 percent from the previous week, pushing up van, reefer and flatbed rates, according to DAT. Van spot rates rose by 3.5 percent to an average of $2.05 per mile after falling by $0.04 during May. Compared to May 2013, however, […]
The Los Angeles City Council on Wednesday unanimously confirmed Gene Seroka, head of commercial in the Americas region for American President Lines, as the new executive director of the Port of Los Angeles.
“We need to be investing well above the current insufficient investment levels, or our nation is going to be stuck treading water,” Nick Rahall, D-W. Va., said at the Rally for Roads event in Washington, D.C.
There are plans to dredge the Yangtze and increase the navigation capacity of the Three Gorges Dam. People’s Daily reported China is also working on standardized ships for the Yangtze and developing energy-saving vessels.
The LTL industry has experienced a tonnage rise, with most major carriers reporting solid first-quarter numbers, according to a Stifel Nicolaus analysis, and as capacity shrinks, LTL tonnage should also see a nice second quarter. In the first quarter, Old Dominion and FedEx Freight posted big gains in tonnage, but all LTL carriers […]
C.R. England opened a new terminal Wednesday in Colton, Calif., and also added 10 new LNG trucks to its fleet. The 34-acre facility is located at 2250 S. Riverside Ave. and includes a maintenance shop with eight service bays, a driver resource center and parking for 250 tractors and 350 trailers. “C.R. […]
The services are New York direct to Tunis, Tunisia, and Atlanta direct to Karachi, Pakistan. The biweekly New York-Tunis service will have a transit time of 17 days. The weekly Atlanta-Karachi service will have a a 26-day transit time.
R.J. Corman Railroad Group of Nicholasville, Ky., was selected by the board of the Northwest Tennessee Regional Port Authority to operate the nation’s newest multimodal inland port at Cates Landing, Tenn. “We see the Port of Cates Landing as having the potential for a wide range of prospective activities, where a modern berthing […]
The Houston Ship Channel will be gaining an ethane export facility through an agreement with Enterprise Products Partners and the Port of Houston Authority. “The agreement is exciting for the port and the entire region in terms of creating jobs and fostering positive economic impact,” said Janiece Longoria, chairman of the port commission […]
The current officer supply is 610,000, a shortfall of 19,000. This shortfall is forecast to rise to 21,700 by 2018 given that there will be a need for an additional 38,500 officers by that time, according to Drewry.
Possibly signaling the start of wider commercial acceptance of drones, the Federal Aviation Administration has given the go-ahead to BP and AeroVironment to use an unmanned aircraft system over Alaska for surveying purposes. This marks the first FAA authorization of a UAS over land. “These surveys on Alaska’s North Slope are another […]
Aker Philadelphia Shipyard, American Shipping Company and funds affiliated with Apollo Global Management, have created a pure-play Jones Act shipping company, Philly Tankers. Two tankers will be built by 2017.
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.
