Steel shipper Nucor has called on the Surface Transportation Board to take “firm and decisive action” to keep the railroad industry competitive and reliable.
Container carrier OOCL moved 1,352,050 TEUs in the first quarter of 2014, 8.9 percent more than in the same 2013 period. The results are among the first reported by a major shipping company each quarter.
Truck transportation among the United States, Mexico and Canada — the NAFTA countries — grew 2.6 percent in February, year-over-year, the most of any mode, according to the Bureau of Transportation Statistics. Those trucking moves in February accounted for 59.8 percent of the $89.6 billion in trade among the countries. Rail carried 14.7 […]
Con-way Freight has opened a $3.7-million service center in Robinson, Texas, to replace its 25-year-old Waco facility. Officials said the 18,870-square-foot Robinson center will serve Robinson, Waco and the rest of Central Texas. The facility will add 15 new jobs to the area, according to a company press release. “The Central Texas […]
COSCO said it is scrapping 12 container ships and four bulk carriers to the breakers as part of a fleet decommissioning plan. According to a filing with the Hong Kong Stock Exchange, the vessels, with the aggregate capacity of 803,087 deadweight tons, were sold as scrap at a total consideration of approximately 466.49 million Chinese […]
Worldwide piracy on the seas is at its lowest first-quarter level in seven years, with 49 piracy incidents so far this year, the lowest number since 2007, when 41 were recorded.
Shippers in Singapore said they support development of a massive new container terminal in the western part of the country. In an audacious move, Singapore, home to the world’s second-largest container port, is simultaneously undertaking a huge expansion of its Pasir Panjang Terminal while making plans to eventually relocate container operations to Tuas […]
The North American Free Trade Agreement has achieved its goal of increasing trade, lowering tariffs and making transportation more efficient during its first 20 years in force, but several trends impacting freight flows were not anticipated by policymakers who crafted the deal in the early 1990s, former transportation secretary Samuel Skinner said Thursday in […]
DP World said JBS, the Brazilian company that is the world’s largest supplier of beef and chicken, will switch all its U.K. imports from South America to DP World London Gateway, taking advantage of a new deep-sea shipping service coming into the port starting next week. The service is the River Plate Express […]
The cost of shipping air cargo on the east-west trade lane rose $.20 in March to $3.34, according to Drewry, reflecting a predicted recovery in air cargo rates after a sluggish February. According to Drewry’s East-West Air Freight Price Index, which averages the cost of one kilogram of airfreight paid by forwarders on […]
Responding to complaints about delays in hiring veterans, the New York Shipping Association and ILA said that they are “fully committed to implementing the hiring plan as outlined in our collective bargaining agreement.”
The main domestic U.S. carriers showed mixed cargo results during the first quarter, with American Airlines and Southwest experiencing revenue increases, while United saw cargo activity drop off.
As they negotiate a new labor contract to replace the one that expires July 1, representatives of the International Longshore and Warehouse Union and Pacific Maritime Association should be thinking about how to make the ports more productive in the long term, industry officials say, and not just about the issues confronting the shipping […]
Cargo volume at the Port of Virginia rose 10.2 percent, or 18,316 TEUs, year-over-year in March, the port announced this week, but challenges still remain, according to port leadership. “It has been a very disciplined, team-oriented approach to stem the losses,” Chief Executive Officer John Reinhart said in a statement. “We had an […]
The Surface Transportation Board has denied Canadian Pacific’s request to abstain from submitting weekly fertilizer delivery status reports as required by the board’s April 15 ruling. The board had told CP and BNSF to detail their plans for fertilizer delivery and to then provide weekly status reports over the next six weeks. BNSF […]
Wallenius Wilhelmsen Logistics has added an entry port into Russia, at Novorossiysk, the company announced Thursday. The new port is added to WWL’s liner service from Japan, Korea, China and Southeast Asia to Europe, and provides customers in Asia with direct access to the Russian Black Sea area, WWL said. WWL said […]
A new paper from the World Trade Organization suggests there is a distinct possibility that countries will form into mega-regional trading blocs in the next two decades.
The North American Free Trade Agreement has brought significant economic benefit since it took effect in 1994, but has not realized its full potential because of insufficient modern infrastructure, according to new research.
The European-based software-as-a-service transportation management system provider Eyefreight said this week it has begun expansion in Brazil with the addition of Luiz Martins, who will serve as sales director for Latin America. The move follows Eyefreight’s recent North American expansion, with the opening of regional headquarters in Evanston, Ill. “Eyefreight understands the […]
The logistics company GENCO said this week it has been aiding the confectioner Hershey’s Co. with its Zero-Waste-to-Landfill Program at the company’s western distribution center in Ogden, Utah. Hershey’s program is intended to divert materials that would typically end up in landfills to alternate channels, such as recycling, reuse or incineration. By the […]
