The House Republican leadership on Friday outlined to its caucus a strategy to fund a short-term extension of the current surface transportation bill and avert insolvency for the Highway Trust Fund by using forced savings from the U.S. Postal Service. Hopes are waning that Congress will reauthorize a comprehensive surface transportation bill before […]
The logistics and trade software provider Descartes Systems Group has acquired Salt Lake City-based Customs Info LLC, a provider of trade data content for global trade management systems, for $41.5 million.
The warehousing and transportation management solutions provider Manhattan Associates said last week it has partnered with enterprise shipping software provider Agile Network. The partnership offers manufacturers, distributors, and retailers that use Manhattan Associates software a new shipping solution that integrates with existing applications. Manhattan partners with a range of software and hardware […]
The Surface Transportation Board will consider the removal or modification of its safe-harbor provision in the board’s fuel surcharge rules, and is seeking comments from interested parties by July 14. In a 2007 ruling, the board said it would not allow rate-based fuel surcharges, and established instead the safe-harbor provision, an index, based […]
CSAV, which is in the process of merging with the German carrier Hapag-Lloyd, noted that the results “were obtained in the context of a 10.6-percent reduction in freight rates compared to the first quarter of 2013.”
The Department of Transportation should establish better procedures for its TIGER grant program in regard to application evaluations, project selection and how the department addresses late applications, according to a report by the Government Accountability Office. The department’s grant program, which has given $3.6 billion to states for various transportation projects since 2009, […]
The vessel-sharing alliance has filed a discussion agreement with the Federal Maritime Commission that will allow them to discuss and determine whether to cooperate on trade lanes to and from the United States.
Construction delays and a dispute with the contractor in charge of building the new sets of locks have pushed the projected opening to commercial traffic until about March 2016.
Pilot Freight Services has relocated its Harlingen, Texas, station to McAllen, Texas, making it closer to its customer base and the Pharr Bridge. The company said the bridge is the region’s main commercial bridge between Mexico and the United States. The 30,000-square-foot McAllen station is triple the size of its former location. […]
Most analysts aren’t worried about the first negative GDP growth in Q1 since 2011, chalking it up to the unusually harsh winter that slowed retail traffic and other commercial activity, as well as a slowdown in inventory buildup.
The U.S. Department of Agriculture on Thursday released a report forecasting that the country’s agricultural exports will reach $149.5 billion, an estimated $6.9 billion higher than previous estimates and a new record, if realized. USDA’s latest Outlook for U.S. Agricultural Trade report “indicates that the record growth is due not just to rising […]
BNSF has exceeded its goal to prop up fertilizer shipments, having added more than 52 trainloads over the past five weeks. Its original plan, as mandated by the Surface Transportation Board, was to generate 52 carloads over six weeks.
The private equity firm Rotunda Capital Partners has acquired a majority stake in Amware Logistics Services, a provider of third-party warehousing and fulfillment solutions headquartered in Eagle, Colo.
Steel imports rose sharply in April, though year-to-date totals are lagging compared to 2013, according to the American Institute for International Steel. In the United States, 3.73 million net tons of steel were imported in April, a 15-percent increase from March. Canada had 547,000 net tons of exports to the U.S. during […]
The shipping line OPDR said congestion at the Delta Terminal is being caused by the late arrivals of deep sea vessels, system outages and labor shortages. OPDR said the current situation will last for at least another month or two.
The U.S. Export-Import Bank has set a goal to finance $2 billion in U.S.-manufactured business aircraft and helicopter exports by the end of 2014. The bank reached its previously announced goal of $1 billion in support of these exports in December 2013, 10 months ahead of schedule. In fiscal year 2014, Ex-Im […]
UPS has opened a nearly 82,000-square-foot Trans Pacific Hub at Taoyuan International Airport in Taiwan, upgrading over its previous location by 40 percent. “The new hub is expected to increase export processing capacity by more than 40 percent, while also doubling the processing capacity of import handling,” Anita Li, managing director of UPS […]
The logistics solutions vendor Descartes Systems Group said its first-quarter revenue for the 2015 fiscal year rose 20 percent, year-over-year, to $40.8 million. Earnings before interest, tax, depreciation, and amortization rose 16 percent to a record $12.1 million. The quarter was Descartes’ 38th consecutive profitable quarter, with the company setting records for […]
Danmarks Skibskredit (Danish Ship Finance) says in its most recent Shipping Market Review that there continues to be a “massive” surplus in the supply of containerships, particularly large vessels. In 2013, it said, the nominal supply surplus widened by 4 percentage points, and average container rates fell 8 percent. It added, “Shipowners made […]
New Orleans Cold Storage will double the size of its existing storage space at the Port of Charleston, which includes an investment of more than $14 million. The South Carolina State Ports Authority has approved a $12-million contribution.
