CEVA will expand its aerospace industry operations at Texas’ Fort Worth Alliance Airport, adding a new 100,00-square-foot warehouse for air cargo handling and some ocean freight transportation management services. Officials are anticipation a July opening of the new facility. “The expansion of our operations at Alliance Airport is directly related to our […]
The European Commission is allowing the P3 Network and G6 shipping alliances to move forward. In a statement, Antoine Colombani, a spokesman for the Commission’s Competition Directorate said, “Members of all shipping alliances such as P3 or G6, to the extent that they do not benefit from an exemption, must themselves assess the […]
In the story “Panama Canal CEO says new locks will handle 98% of containerships” from yesterday’s newsletter, mention of a three-month work stoppage was incorrect. The stoppage lasted two weeks; construction resumed while talks between the two parties continued.
Jorge L. Quijano, chief executive officer of the Panama Canal Authority, said naval architects have created optimized designs that will allow ships carrying 14,000 TEUs to transit the new set of locks.
Non-vessel-operating common carrier CaroTrans has deepened its China-U.S. less-than-containerload service with World Jaguar in Northern China, the company announced Tuesday, resulting in new weekly services from China to the United States. The collaboration, CaroTrans said, creates a twice-weekly service from Qingdao to Los Angeles, Chicago, New York, Atlanta, Seattle, San Francisco and Houston; […]
The U.S. Export-Import Bank has approved $1.1 billion to finance U.S. exports to Africa during the first half of this year, bringing to $5 billion the amount authorized for exports to the area in the past five years. Ex-Im Bank Chairman and President Fred Hochberg announced the deal Tuesday while in Ethiopia for […]
The country applied for WTO membership in April 2000. Trade ministers of WTO members officially approved Yemen’s accession on Dec. 4, 2013, during the Ninth Ministerial Conference in Bali, Indonesia.
Old Dominion Freight Lines has relocated its service center in Eugene, Ore., taking over a larger facility that is twice the size of the former one. The company has been in Eugene since 2007, and also has facilities in Bend, Portland and Medford. The new facility has 42 doors and is just […]
Yusen Logistics has expanded in Indonesia by opening a new warehouse in Jababeka, the company announced Tuesday. “With its prime location in the Cikarang Dry Port (CDP), this warehouse will enable us to provide customers in the surrounding area a range of services, including: rapid customs clearance, transportation, delivery and other local-based logistics […]
The owner of the New Jersey-based freight payment solutions provider TransVantage surrendered to authorities last week in the wake of allegations of financial malfeasance of more than $42 million, U.S. Attorney Paul J. Fishman said. Shirley Sooy, 63, currently of Fort Smith, Ark., surrendered in Newark May 28 to inspectors of the U.S. […]
Homeland Security Secretary Jeh Johnson last month formally notified Congress that his department will exercise its right to extend for another two years the deadline to scan all inbound ocean containers for nuclear weapons or other terror-related contraband at foreign ports, and business groups are now rising up to kill the mandate altogether. […]
The price of transporting a kilogram of air freight on East-West lanes in April rose the highest level since December, according to Drewry. Drewry’s East-West Air Freight Price Index gained finished the month at $3.38 per kilogram, a $0.04 rise over March’s result. In December, it cost shippers an average of $3.58 to […]
Today is the deadline for shippers to disclose to the Securities and Exchange Commission the presence of “conflict minerals” in their supply chains in accordance with the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The act requires that stock-exhcange-listed companies track the sources of gold, tungsten, tantalum and tin, telling the […]
Registration closes soon for the 2014 AAEI conference, which will be held June 16-18 in Minneapolis. Speakers include David Mills, the Department of Commerce’s assistant secretary of export enforcement; Kevin McAleenan, acting deputy commissioner of U.S. Customs and Border Protection; and Congressman Erik Paulsen. For more information and to register, click here.
The Mexican consulate of Philadelphia, the Philadelphia Regional Port Authority, and ProMexico are working with Ship Philly First to generate more business for ports on a congested Mexican border, the company said.
Though railroads are in a repeating investment cycle — carriers invest in their network, which attracts more volume, which requires additional investment — carriers are still turning in valuations that exceed historic levels.
For the time being, Boeing 747 service will be limited to one weekly flight, but the carrier plans to add an additional scheduled flight in September due to anticipated oil and gas demand.
Century Distribution Systems has created a mobile app that allows customers to track their sea and air freight shipments, as well as find factory locations, the company announced Friday. The VMS Mobile app is available on iPhones, iPads and Androids, and offers shipment search, alerts, a factory GPS locator and news updates. […]
Swissport International and Transaero Airlines, a Russian carrier, have signed a Global Framework Agreement for worldwide ground handling services. Transaero Airlines currently offers 200 domestic and international routes in Russia, Europe, Asia, the Americas and Africa. “We are convinced that Swissport International is a reliable partner for establishing a long-term global strategic […]
