The Greenbrier Companies and Watco Companies have banded together to form GBW Railcar Services, which will become the largest independent railcar repair, maintenance and refurbishment business.
SeaIntel said schedule integrity by global container carriers “continues to improve, but is still significantly below last year’s performance.” The consultant said global schedule reliability increased for the second consecutive month, as the global performance improved by 1.5 percentage points to 73.6 percent in April. Data from INTTRA shows that global container delivery […]
The Federal Maritime Commission said the amendment to Agreement No. 012104 increases CMA CGM’s slot allocation, revises the number of vessels contributed by each party, and adds Savannah to the expected port rotation.
“There is a place for renewebles in this plan, but the rising cost of energy in … European countries should act as a cautionary tale against moving too quickly and aggressively, and failing to diversify our energy portfolio,” the group said.
Pointing to “robust” traffic results so far this quarter, analysts at Cowen and Company have revised their earnings estimates for Class I carriers upward, as demand remains solid. According to an investor note sent out by Jason Seidl, “solid growth should persist in the balance of the quarter.” He pointed to stable diesel […]
Worldwide Flight Services has partnered with Transglobal Cargo Centre in Kenya to take over the full management, operation and business development of its cargo terminal at Nairobi’s Jomo Kenyatta International Airport. Effective June 1, Transglobal Cargo Centre now operates under the Africa Flight Services brand, the WFS division responsible for handling activities across […]
In an exception to its recent upward trend, FTR’s Trucking Conditions Index fell more than two points in April to 5.91. FTR said, however, that the environment for carriers remains “very positive,” with rising prices and tight truckload hauling capacity. “FTR expects truck utilization to remain above 98 percent indefinitely with good […]
Damco, a third-party logistics provider, has opened a new commercial office in Minneapolis as part of a growth plan to expand the company’s network worldwide. “The opening of this office allows us to increase the strength of our customer experience,” said Jeremy Haycock, North American chief executive officer of Damco, in a statement. […]
Waldemar (Val) Poulsen has been named president and chief executive officer of Rickmers-Linie (America) Inc., based in Houston, effective July 1. Before joining Rickmers-Linie, Poulsen was director/country manager with Safmarine in Houston, responsible for the activities of the multipurpose division of Safmarine in the Americas. He replaces Robert Sappio, who has been heading […]
The cloud-based collaborative planning and visibility platform E2Open has acquired SERUS, a cloud-based supply chain management solutions provider, for $18.5 million, the company said Wednesday.
The U.S. Commerce Department this week said it would begin applying countervailing duties on imports of Chinese-made electric-generating solar panels. The countervailing duty law provides U.S. solar panel manufacturers with a mechanism to seek relief from market-distorting effects caused by injurious subsidization of Chinese solar panel imports, the department said. Commerce calculated […]
The Senate on Wednesday confirmed Stefan Selig, a 30-year business veteran, to serve as undersecretary for international trade at the U.S. Commerce Department’s International Trade Administration. In this role, Selig will help lead the Obama administration’s recently launched NEI/NEXT initiative, a program to build on export achievements under the president’s National Export Initiative.
John Atkins will to succeed Devine as president of GCT USA, effective July 1. Atkins is currently the chief operating officer for GCT USA, and he has held successively senior positions since joining the company in 2002.
Officials should resolve lingering issues resulting from an ongoing demonstration program for collecting advance shipment data before publishing a rulemaking requiring the electronic security filing, four trade groups said.
The maritime law firm Chalos O’Connor LLP is closing, and its attorneys are moving to larger law firms. K&L Gates announced last week that Michael G. Chalos has joined its New York office as a partner in the maritime practice. Previously the senior partner at Chalos O’Connor, Chalos is accompanied in his move […]
The forums are part of the Obama administration’s Made in Rural America Export and Investment Initiative that was created earlier this year to help rural businesses access new opportunities and foreign markets.
Kane is Able has purchased seven compressed natural gas-powered trucks to operate out of its Scranton, Penn., branch. The vehicles, which are manufactured by Volvo Trucks, will be delivered in August. According to Kane is Able officials, the trucks will be able to travel 425 miles between fuel stops and will give the […]
Starting Sep. 1, IAG Cargo will add service to Montevideo, Uruguay, and Santo Domingo, Dominican Republic from Madrid using Iberia A330 and A340-300 planes. Officials are anticipating up to 12.7 tons of cargo capacity to Santo Domingo and 11.7 tons of space on the Montevideo flights. The routing to Santo Domingo will be […]
The Justice Department said Monday that Peter Picone, 41, of Methuen, Mass., pleaded guilty in U.S. District Court in Hartford, Conn., to importing thousands of counterfeit integrated circuits from China and Hong Kong, and then reselling them to U.S. buyers, including contractors supplying them to the U.S. Navy for use in nuclear submarines. […]
The global trade management software provider Amber Road said Tuesday that the specialty chemicals distributor Azelis will use Amber Road to automate restricted-party screening.
