Congressional action is needed in order to provide shippers with competitive rail service, according to a letter sent to Congress by more than 25 shippers and shipper groups.
U.S. Customs and Border Protection is seeking to fill 2,000 additional officer positions at air, land and sea ports across the country. “As a result of funding provided in the fiscal year 2014 budget, 44 ports in 18 states will receive additional staffing to enhance security, help reduce wait times and facilitate growing […]
The rating agency Moody’s said it has revised its outlook for the global shipping industry to stable from negative, reflecting its expectation that the shipping industry’s aggregate (EBITDA) will rise by mid-single digits in percentage terms year-over-year in 2014.
About 15 tank cars carrying crude oil derailed and three of them ruptured and burst into flames in Lynchburg, Va., Wednesday afternoon, CSX Transportation, the railroad operating the train from Chicago, said. No injuries were reported, but city officials said oil spilled into the nearby James River. Some residents and businesses were evacuated. […]
The U.S. Export-Import Bank has appointed 11 members to its 2014 Sub-Saharan Africa Advisory Committee. Committee members advise the bank on the development and implementation of policies and programs to support its work to boost U.S. exports to Sub-Saharan Africa. “In the last fiscal year alone, we authorized $604 million to support […]
Van spot rates were down by 1.5 percent for the last week of April to $2.03 per mile, while flatbed and reefer rates both showed no change from the previous week at $2.35 and $2.28, respectively, after seeing significant increases in March.
The European Commission said Tuesday that foreign airlines flying into the European Union will no longer have to apply for a separate safety authorization from each member state.
The U.S. economy slowed dramatically in the first quarter to a growth rate of 0.1 percent, down from 2.6-percent growth in the fourth quarter of 2013, the Commerce Department reported Wednesday. Much of the decline could be attributed to harsh winter storms experienced across the nation and economists expect productivity to pick up […]
The Department of Transportation’s recommendations for what the Obama administration would like to see in a long-term surface transportation bill contains a mixed bag of policies, such as a dedicated freight fund and tolling of interstate highways, that has simultaneously pleased and upset stakeholders in the goods movement sector. Transportation Secretary Anthony Foxx […]
Japan’s three liner carriers on Tuesday reported combined operating losses of $184.4 million in their fiscal year 2013 ending March 31, as the performance of each line suffered compared to the previous fiscal year.
Industrial real estate developer Prologis and DP World have entered a joint venture to develop a 316,000-square-foot distribution center at London Gateway Logistics Park. The park, which is one of the largest multimodal logistics hubs in Europe, is located next to the DP World London Gateway container port, on the north side of […]
A pathologist in the Seychelles has concluded that the two security guards found dead on February 18 aboard the Maersk Alabama while it was docked in Port Victoria died of heart failure as a result of a combination of heroin and alcohol consumption. In a press release issued Tuesday, the Seychelles Police Force […]
Old Dominion has relocated its Baton Rouge facility, one of five in Louisiana, to a more central location in the city. The center provides service to southeastern Louisiana and handles cargo from the state’s strong metal and petrochemical industries. “After serving the region for more than 13 years, we are thrilled to […]
Union Pacific officials said the railroad is investing $17.5 million to replace railroad ties, install rock ballast and renew crossing surfaces in Minnesota and Iowa. The work, which is expected to be complete by the middle of July, will strengthen the rail line between Butterfield, Minn., and Mason City, Iowa. “In addition […]
The supply chain software provider’s Distribution-Centric Supply Chain Suite is aimed at helping companies manage these processes as they tackle growing complexity from omni-channel demand and tightening margins.
Panalpina saw a 6-percent rise, year-over-year, in air freight volumes during the first quarter of the year, outpacing the general rate of market growth of 4 percent. The company’s gross air freight profit ticked up 5 percent to CHF 153.7 million ($174.58 million), compared to the same period last year, but gross profit […]
Delaware officials have issued an Air Cargo Ramp project request for proposal, which would provide parking space for up to four loaded Boeing 747s at Dover Air Force Base.
BNSF officials say they have “fallen short on executing from a service perspective,” but that emergency service orders or other edicts from the Surface Transportation Board would hurt the railroad’s ability to improve customer service.
Jensen Companies will develop a new, 500,000-square-foot logistics facility for TCI Plastics at the Port of New Orleans, Jensen Chief Executive Officer and Louisiana Gov. Bobby Jindal announced Monday. A $36.5-million capital investment will be made by TCI, and the project will create 160 new direct jobs, the company said in a statement, […]
The U.S. Commerce Department has added eight Chinese companies and one Chinese individual to its Entity List for their roles in supplying Iran’s ballistic missile program through the Chinese proliferator Li Fangwei, or “Karl Lee.”
