American Shipper

FreightWaves Staff Tuesday, April 1, 2014

Descartes purchases air cargo security solutions provider

   The logistics and compliance solutions provider Descartes Systems Group said Tuesday it has acquired Computer Management USA, a U.S.-based provider of security filing and air cargo management solutions for airlines and their partners.    Computer Management’s solutions help air carriers with operational efficiency, security filing and customs clearance processes, directly and through coordination with […]

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FreightWaves Staff Tuesday, April 1, 2014

Morton Salt to expand at Port Canaveral

   Morton Salt has renewed its terminal operating lease at Port Canaveral for 10 years and plans to build a new distribution facility there, the port authority said last month.    The current agreement expires this year. The new agreement is estimated to generate $13 million in revenue for the port and allows the Chicago-based […]

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Chris Gillis Monday, March 31, 2014

U.S. steel imports rise slightly in February

   U.S. steel imports increased in February compared to January by 1.4 percent, according to preliminary government data analyzed by the American Institute for International Steel.    “Improved pricing at the end of 2013 and improved demand compared to the weak start to 2013 have created opportunities for importers, and imports have been arriving at […]

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FreightWaves Staff Monday, March 31, 2014

IATA cargo head to retire in June

   After spending nearly four years as the global head of cargo at the International Air Transport Association, Des Vertannes has announced he will retire at the end of June.    Before accepting the high-level IATA role, Vertannes worked as the executive vice president for cargo at Etihad Airlines. He started his career in air […]

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Chris Dupin Monday, March 31, 2014

CMA CGM’s 2013 profit boosted by terminal sale

   CMA CGM, the third-largest container carrier in the world, said it had a net consolidated profit of $408 million in 2013, 22.8 percent more than the $332 million it earned in 2012.    The company’s bottom line was boosted by about $200 million due to one-time events, including the sale of a 49-percent share […]

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FreightWaves Staff Monday, March 31, 2014

ZIM shrinks operating loss in 2013

   The liner carrier ZIM said last week it suffered an operating loss of $191 million net loss in 2013, an improvement on the $206 million it lost in 2012.    Excluding extraordinary expenses, the annual operational loss was $130 million, with ZIM attributing the improvement to the implementation of technological innovations, which resulted in […]

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FreightWaves Staff Monday, March 31, 2014

BMW to expand auto production in S.C.

   BMW’s announcement Friday that it will invest $1 billion to expand its plant in Spartanburg County, S.C., underscores the increasing resurgence in domestic U.S. manufacturing, growth in foreign direct investment, the strength of the U.S.-based auto industry and growing auto exports.    The German auto maker’s expansion is made possible in part by the Port […]

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Chris Dupin Monday, March 31, 2014

COSCO reports 2013 profit after selling assets

   China Cosco Holdings Co. said last week that profit attributable to equity holders in 2013 was 235.5 million Chinese Yuan Renminbi ($37.9 million) compared to 9.6 billion RMB in 2012.    Revenue was 66.1 billion RMB, 3 percent less than the prior year.    The company and its subsidiaries are involved in a wide […]

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Chris Gillis Monday, March 31, 2014

AMI expands in Australia/New Zealand

   Air freight consolidator AMI has opened offices in Darwin, Australia, and Christchurch, New Zealand.    Darwin, the capital of northern Australia, is experiencing a surge in freight business to accommodate large energy extraction projects, such as liquefied natural gas.    “The new AMI office will provide freight agents at Australia’s gateways with a local […]

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FreightWaves Staff Sunday, March 30, 2014

Drewry: Air rates continue decline in February

   The per-kilogram cost of shipping air cargo on east-west lanes fell to $3.12 in February, continuing a steady decline measured since a $3.81-per-kilo high in November, according to Drewry.    In its monthly East-West Air Freight Price Index, Drewry averages the price of rates across 21 trade lanes. Sources: Drewry Sea & Air Shipper […]

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FreightWaves Staff Friday, March 28, 2014

Canada addresses marine, rail tanker safety

   Expected increases in tanker traffic from British Columbia and a deadly accident involving an oil train has caused the government of Canada to look for ways to beef up tanker safety standards in both modes, Canadian Transport Minister Lisa Raitt told North American port officials gathered in Washington on Tuesday.    Canadian oil exports, […]

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FreightWaves Staff Friday, March 28, 2014

New NC port authority head is ex-Maersk exec

   The North Carolina State Ports Authority board of directors announced Thursday the selection of Paul J. Cozza as its new executive director.    Cozza had served as the chief financial officer for Maersk Line Ltd. in Norfolk, Va., and previously was the company’s senior vice president for finance and administration; before that, he worked […]

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