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.
More than 100 members of the House have signed on as co-sponsors of the National Infrastructure Development Bank Act, according to Congresswoman Rosa DeLauro, D-Conn.
The Israel-based container carrier ZIM said it had a net loss in the first quarter of $62 million, 45 percent smaller than the $112-million loss it had in the first quarter of 2013.
UPS has opened a 6,500-square-meter warehouse in Beijing to serve growing Chinese demand, adding the facility to recently completed warehouses in Chengdu and Shanghai. According to Craig Foster, senior vice president of supply chain and healthcare logistics at UPS Asia Pacific, taken together, the three facilities will enable UPS to “effectively support national […]
Old Dominion has increased its guidance for LTL revenue per hundredweight during the second quarter to a growth range of between 3 and 3.5 percent, representing an increase of 1 percent over previous estimates.
RMR Shipping has picked London Thamesport to handle the U.K. call of its Northwest Europe – West Africa ro/ro service, the company announced Wednesday. Based in the Netherlands, RMR Shipping began the service on Sunday with the vessel Dresden, which can hold more than 4,000 cars. “We are very excited at the […]
CMA CGM said it and NileDutch will upgrade a service between the East Coast of South America and West Africa. CMA CGM said larger vessels will operate in what it calls the SAMWAF service, with calls in Lomé, Togo and Rio de Janeiro, Brazil, being added. There will be transshipment opportunities, CMA […]
