BNSF officials said they have started a $1 billion investment plan along its northern corridor, which runs between the Pacific Northwest and Chicago. The company will spend $400 million in North Dakota to complete a second mainline track between Minot, N.D., and Glasgow, Mont., and to construct new sidings on four routes starting […]
A company owned by International Container Terminal Services, Inc., based in Manila, Philippines, and Anglo Ports, based in St. Leonards, Australia, have signed a contract for the design, construction, commissioning, operation, maintenance, and financing of the Port of Melbourne’s new international container terminal and empty container park at Webb Dock. The two companies […]
The Port Authority of New York and New Jersey said it has completed a major roadway improvement project in the area around its major container terminals in Elizabeth, N.J. The $27 million road-widening project “will reduce truck emissions, allow the port to accommodate future cargo growth, and provide safer roadways for port drivers” […]
Maersk Lines said that it will begin imposing a peak-season surcharge June 1 on cargo moving through the East Coast Canadian ports of Montreal and Halifax. Officials said the charge comes “in response to accelerating demand for containerized services on the transatlantic trade, as well as other trades served via Canada’s East Coast […]
Non-vessel-operating common carrier Ecu-Line has opened a new branch office in Fremantle, Australia. The port of Fremantle services the capital city of Perth and the entire state of Western Australia. The NVO said its Fremantle branch complements its existing weekly export consolidations from Australia to Singapore for destinations worldwide. The Fremantle […]
With negotiations on a new labor agreement between the International Longshore and Warehouse Union and employers represented by the Pacific Maritime Association due to start on May 12, the Retail Industry Leaders Association is asking the presidents of both groups to “take all the necessary steps to avoid costly work stoppages and strikes stemming […]
The ocean freight payment software provider PayCargo said this week its management team has finalized spinning the company off its former parent company, the payment processing and credit card issuer First Data.
With the announcement Wednesday that UPS has deployed four electronic vehicles for package delivery in Rotterdam, the company has continued to roll out new technologies in small batches, hoping to learn more about adapting these sustainability approaches on a larger scale. In October, UPS put six electronic vehicles on the streets on Amsterdam. […]
Rickmers Linie Chief Executive Officer Ronald Widdows, who has also served as Rickmers Group CEO since April 1, 2012, will step down from his post on May 1, Rickmers announced Wednesday. In an earnings release, Rickmers Chairman Bertram Rickmers said Widdows had played “an instrumental role in the transformation of the company.” […]
Members of the Transpacific Stabilization Agreement will soon experience a general rate increase and peak season surcharge, following a surge in eastbound bookings that is expected to continue.
SDV, a supply chain management company, has opened a new office in Yangon, Myanmar, in alignment with its expansion strategy, the company announced Wednesday. “As the country moves toward democratic and economic reforms, many of our customers are exploring this region and some of them already took the plunge on investing massively in […]
Port Newark Container Terminal said it will add three super-post-Panamax ship-to-shore cranes this year that will be able to accommodate larger vessels and increase the terminal’s capacity.
Yang Ming said this week it will expand cooperation and upgrade its intra-Asia services as follows: Effective April 30, its Pan-Asia Service II (PA2) jointly operated with COSCO and Wan Hai, with four 4,250-TEU container ships. The rotation of PA2 service is Xingang, Dalian, Qingdao, Shanghai, Fuzhou Jiangyin port, Hong Kong, Singapore, Port Kelang, […]
Danish logistics services firm Martin Bencher Group has acquired tti Logistics ApS. Tti Logistics, based in Copenhagen, provides air freight forwarding, customs clearance and other logistics services. Terms of the deal were not disclosed. “Martin Bencher Group and tti Logistics have been long-term partners for many years, and with a growing […]
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.
