The trucking industry is having to turn to some innovative pay and recruitment methods to stave off a severe looming driving shortage, according to a call last week from Stifel’s Transportation & Logistics Research Group. The call included perspective from Gordon Klemp, founder and president of the National Transportation Institute. Stifel said […]
Deloitte and the supply chain design solutions provider LLamasoft have entered into an alliance to provide strategic supply chain risk management solutions to help companies improve their management of global supply disruptions. The alliance combines Deloitte’s third-party risk management experience with LLamasoft’s supply chain analytics, design and modeling software platform, and will assist […]
The port operator DP World last week raised $1 billion through the sale of 10-year convertible bonds, which will come due in 2024. The bonds will bear an interest rate of 1.75 percent and are convertible into stock at $27.1396, a 37.5-percent premium over the company’s share price when issued. “The proceeds […]
HMM, Korea’s second largest carrier after Hanjin, will sell 6.81 million convertible preferred shares worth 57 billion won to Market Vantage Ltd. and make a similar sale to Market Vantage in the second half of the year.
United Airlines will launch Boeing 767-300 service from Houston’s George Bush Intercontinental Airport to Chile on Dec. 7. On Dec. 20, the carrier will increase its connections between Houston and Punta Cana, Dominican Republic, and between Chicago and Belize City, Belize. “With our first-ever service between Houston and Santiago, Chile, we are […]
While not many companies look at the agricultural data railroads file each month to the Surface Transportation Board, the data is still valuable, Cargill’s Brad Hildebrand wrote in a letter to the board. Hlidebrand, the company’s global rail and barge lead, wrote the letter to oppose Norfolk Southern’s request to do away with […]
The U.S. agriculture secretary will discuss the expansion of agricultural trade between the two continents, the importance of agriculture’s role in the T-TIP, and benefits the trade agreement will have for both the U.S and Europe.
Myles J. Ambrose, who served as a head of the U.S. Customs in the early 1970s and later specialized as a private practice customs and international trade attorney in Washington, died on June 3. He was 87.
The Canadian government is giving Port Metro Vancouver CAN $3 million ($2.76 million) to implement a common data interface project at its four terminals to reduce trucker wait time.
U.S. Customs and Border Protection has appointed David P. Higgerson to the director of its Laredo, Texas, field office. He was formerly director of the agency’s El Paso, Texas, field office. Higgerson succeeds Noel Sanchez, acting director of the Laredo field office and former deputy commander of the South Texas Campaign. As […]
Massport will break ground Friday on a new freight corridor and memorial park in South Boston, Mass. Massport said the corridor will remove truck traffic from the Conley Container Terminal from heavy residential areas and connect it to major highways. It added that more than a million tons of cargo pass through […]
The Agriculture Transportation Coalition has urged the ILWU and employers to “take action to keep U.S. West Coast ports (and the cargo that is dependent upon them) viable.”
The U.S. Maritime Administration is accepting applications until Sept. 30, 2016 for future marine highway projects. “Eligible projects should establish new or enhance existing marine highway services that reduce land-side congestion and increase the use of domestic marine transportation,” said MarAd, but do not have to parallel land-side routes, MarAd noted that’s […]
The Japanese shipping company bought a 30 percent stake in the Mexican logistics company CSI Group to expand its participation in Mexico’s burgeoning finished automobile trade in North America.
Researchers from iMinds-Ghent University in Belgium are working on a new standardized format for the tracking of ocean containers, according to an article in Projects Magazine. iMinds focuses on the development of wireless communications networks and their application to industry. iMinds researcher Ingrid Moerman heads the Control and Management of Constrained Devices teams […]
Five aviation leaders have joined the Port Authority of New York & New Jersey at Northeast airports. The new team of general managers — Michael Moran at John F. Kennedy International; Rich Heslin at Newark Liberty International; Lysa Scully at LaGuardia and Ed Harrison at Stewart International — have more than 100 years […]
Domestic freight activity inched up by 0.4 percent from March to April, led by trucking and intermodal growth, according to recently released figures collected by the Department of Transportation. While the DOT’s Bureau of Transportation Statistics measured significant rail car growth in March, that activity slowed down in April. With the latest […]
In June, truck spot rates for van, flatbed and refrigerated loads rose when compared to May’s results, and spot market capacity declined by 18 percent, but costs didn’t increase as much as anticipated, according to a DAT analysis.
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.
