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 […]
The liner carrier MOL said this week its India subsidiary has expanded a warehouse in the burgeoning city of Gurgaon, a suburb southwest of the national capital, New Delhi. The expansion more than doubles MOL’s floor area in Gurgaon, an area where Japanese automobile plants and other industries are clustered. MOL (India) […]
MOL (America) this week said it had met or exceeded internal targets in February for eight of the 13 key performance indicators it tracks in North America. Of the 13 metrics, performance from January to February worsened on seven, improved on four, and remained the same on the other two, though the changes […]
Stratford Land, a Dallas-based land investment and management company, has broken ground on RiverPort Business Park in Hardeeville, S.C. The property is located four miles from the I-95 interchange and 11 miles from the Port of Savannah and Savannah Hilton Head International Airport. It also incorporates an existing CSX rail/intermodal right-of-way. Stratford […]
The company will pay $630,000 in civil penalties and post a $300,000-to-$500,000 bond to satisfy any future potential penalties related to the import of model year 2014, 2015 and 2016 vehicles.
Canadian Transport Minister Lisa Raitt on Tuesday warned that successful passage of legislation that would target user fees at cargo entering the United States via Canadian ports would be challenged by Canada and would harm trade between the world’s largest bilateral trading partners. Speaking before the American Association of Port Authorities spring conference […]
Canadian regulators have introduced railroad legislation that would set a grain-transportation minimum for the country’s rail carriers in reaction to a grain crop in Western Canada that is 50-percent higher than normal.
The Global Shippers’ Forum is calling for shippers to have a greater voice in global discussions as the debate on how to tackle maritime greenhouse gas emissions continues. GSF said it is vital that shippers have a place in the debate.
Groups representing drayage drivers in the Port of Vancouver, British Columbia, said Wednesday they had reached a deal to end a month-and-a-half-old strike. “We did it,” said a posting on the Facebook page of the United Truckers Association of British Columbia. “Back to work deal has been signed.” The group is said […]
PortMiami Director Bill Johnson will switch jobs within the Miami-Dade County government to head the water-and-sewer department. Johnson, 59, has also solidified Miami’s position as the No. 1 cruise port in the world.
ZIM, the Israel-based container carrier, said it had a net loss in 2013 of $530 million compared with $428 million last year. Excluding extraordinary expenses, the annual loss amounted to $369 million. Revenues in 2013 amounted to $3.7 billion, compared with $4 billion in 2012, a decrease of 7 percent, resulting mostly […]
The U.S. maritime industry is “at the precipice of potential failure” said acting U.S. Maritime Administrator Paul “Chip” Jaenichen during testimony to the Coast Guard and Maritime Subcommittee of the U.S. House of Representatives on Wednesday. Jaenichen Jaenichen, head of the Department of Transportation’s Maritime Administration, said his concern was based on a […]
Lufthansa Cargo generated revenues of 2.44 billion euro in 2013, a 9.2-percent decline from 2012’s result. Operating profit in 2013 fell by 26.7 percent to 77 million euro, and operating margin fell by 0.7 points. Freight and mail tonnage fell by 1 percentage point during the same period to 1.72 million tons. […]
SeaLand, the newly founded intra-Americas regional carrier of Maersk Group, said it has appointed the following executives to lead the company under Craig Mygatt, who was named earlier this year as chief executive officer of the new unit. The appointees will join the company within the next couple of months. Alfredo Di Palma […]
A World Trade Organization panel has sided with the U.S. in favor of its claims that China’s export restraints on rare earth metals, tungsten and molybdenum breach WTO rules. They are used in a variety of U.S-made products.
At a waterfront rally Tuesday, the president of the International Longshoremen’s Association along with several business leaders and government officials called for limiting the power of the Waterfront Commission of New York Harbor.
The U.S. Department of Justice filed a lawsuit Monday against Con-way Freight, saying the company violated the Uniformed Services Employment and Reemployment Rights Act. Con-way has denied the allegations.
This year’s outlook for the container shipping industry is “bleak” and publicly-listed global container shipping companies “face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010,” according to the global business-advisory firm AlixPartners, which Tuesday released a new study titled “Change on the Horizon: The 2014 Container Shipping […]
Sen. Barbara Boxer and Rep. Bill Shuster on Tuesday deferred accepting their “Port Person of the Year” awards until the new version of the Water Resources Development Act is passed.
The U.S. Export-Import Bank said one of its guaranteed bonds funded by the capital markets raised $40.7 million for the Brazilian airline VRG Linhas Aéreas S.A. (GOL) for engine-maintenance services performed by Delta TechOps in Atlanta. Delta TechOps is the maintenance, repair and overhaul division of Delta Air Lines. The bond was […]
