The freight rate solutions provider Catapult International said this week it has added capability to auto rate based on Incoterms. Incoterms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international commercial transactions or procurement processes. Incoterms help importers and exporters avoid costly […]
Los Angeles Mayor Eric Garcetti has nominated Gene Seroka, the head of commercial operations in the Americas for container line APL, to be executive director of the Port of Los Angeles. His selection must still be considered by the Board of Harbor Commissioners at its June 5 meeting and be confirmed by the Los […]
National Shipping of America said it has maintained a 95 percent reliability record and not missed any calls in the one year since it launched the fortnightly Isla Verde Express service between Houston and Puerto Rico.
CMA CGM, the third-largest container carrier in the world, had revenue of $3.94 billion in the first quarter of 2014, compared to $3.84 billion in the first quarter of last year, it said, with a consolidated net profit of $97 million.
Worldwide air cargo demand rose by 3.2 percent, year-over-year, in April, but that result came in 1.1-percent lower than March’s result, according to the International Air Transport Association.
DHL has confirmed its 2014 earnings guidance, saying it will earn between 2.9 billion euros ($3.95 billion) and 3.1 billion euros this year. It also announced it will increase 2013’s earnings dividend by 0.10 euros due to the company’s good performance. Company officials expect 1.2 billion euros to come from its parcel, e-commerce […]
Suttons Group, a U.K.-based chemical logistics services firm, has entered a partnership with Mexican freight forwarder ROVESA. The partnership will provide a range of logistics and supply chain services, including trucking, international and domestic ISO tank transport, tank cleaning, repair and maintenance, and customs brokerage, Suttons said. “Mexico is an important region […]
The World Trade Organization on Friday sided with the United States in a major case against China for unfair trade practices against imports of U.S. automobiles. A WTO dispute settlement panel agreed with the United States that China’s imposition of antidumping duties and countervailing duties on American-made cars and sport-utility vehicles breached numerous […]
NYK said it took delivery Tuesday of a new car carrier, Aries Leader, which is the first post-Panamax car carrier in Japan. The ship, capable of carrying 7,000 units, was built at Shin Kurushima Dockyard’s Onishi Shipyard.
United Arab Shipping Company said Kuwait’s Burgan Bank has agreed to provide a loan for the acquisition of two 14,000-TEU ships, saying it had concluded a bilateral facility worth $190 million.
The American Trucking Associations last week offered a number of revenue alternatives it supports to address the nation’s funding crunch for surface transportation infrastructure. The nation’s leading trucking advocacy organization favors raising the motor fuels tax and indexing it to inflation to plug the shortfall in the Highway Trust Fund, which is expected […]
North American supply chains will be strongly affected over the next three months by the negotiations for a new contract between the ILWU and employers, said Noël Perry, managing director and senior consultant at FTR.
This week’s report that oil harvested from the Bakken shale formation isn’t more dangerous for rail transport than any other light, sweet crude stands in contrast to statements that Bakken light crude may be more flammable.
NYK Line announced Friday it is expanding its roll-on/roll-off service to and from Jacksonville, Fla. According to JaxPort, NYK Line will add new connections to Asia beginning in June. “We are pleased to further grow our partnership with NYK RoRo and provide more options to the industry,” said JaxPort Executive Vice President […]
Sea Star Line, which operates a liner service between the U.S. mainland and Puerto Rico, said Thursday that effective June 2, it will introduce a new chassis program for shipments moving to and from the Southeast United States.
Operations at Kenya’s main port of Mombasa ceased Thursday as workers demanded more pay, with more disruptions possible. According to news reports, workers surrounded the port’s administrative headquarters and abandoned waiting ships. Union officials reportedly said the incident was the result of a failure to implement a collective bargaining agreement between the union […]
Livingston International, a North American company focused on customs brokerage and trade compliance, has appointed Craig Conway as chief technology officer. The company said Conway will be responsible for product delivery, platform integration, infrastructure and quality, and will work out of Livingston’s Chicago headquarters. Conway previously worked at Transaction Network Services in […]
Two days after an overwhelming vote in the House for the Water Resources Reform and Development Act, the Senate voted 91-7 to send the measure to President Barack Obama to be signed into law.
The private equity firm Lincolnshire Management is reportedly repurchasing the automotive terminal and processing company AMPORTS from Highstar Capital, six years after selling it to Highstar. Industry sources confirmed the sale to American Shipper, but neither AMPORTS, nor Lincolnshire, nor Highstar executives could be reached immediately for comment. AMPORTS has operations in […]
The number of containerships in long term layup is decreasing, according to information service Alphaliner. In its May 13-29 newsletter, the Alphaliner said there are “currently 45 containerships of over 500 TEUs that have been idle for more than six months, including 31 units idle for over 12 months.” It said, “At […]
