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 […]
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. […]
