Hamburg Süd said it did well in 2013 “under difficult business conditions,” and “subdued market growth and operational problems in the vastly overstretched ports in Brazil,” but it does not foresee a sustained recovery in 2014.
Drewry Maritime Research says the container shipping industry “remains in an extended down cycle” due to the entry of new and larger vessels across all trades. The consulting firm’s Container Forecaster reported for the first quarter of the year that “some of these trade routes have also not lived up to expectations in […]
A.P. Moller – Maersk Group and China Shipping (Group) have signed an agreement that they said paves the way for new discussions on more collaboration and joint ventures.
The Government of Jamaica said it has signed a “framework agreement” with China Harbour Engineering Company (CHEC) for the development of a transshipment hub in the Portland Bight, according to the government’s Jamaica Information Service. The service said the proposed transshipment hub, which is part of the Logistics Hub Initiative, is expected to […]
The Port of Seattle said Monday it will continue to offer incentives to ocean carriers and cruise lines to burn low-sulfur fuel while at berth. The port authority said it has paid out more than $3 million to qualifying ship owners and removed more than 835 tons of pollutants from the Puget Sound […]
The Commercial Targeting and Analysis Center, led by U.S. Customs and Border Protection, has expanded its size and the scope of its import enforcement mission with the recent addition of three federal agencies. The development marks another step toward President Barack Obama’s administration’s vision of clearing goods and people across the border in a […]
Caterpillar Marine said it has shipped the first five marine gas engines from its Lafayette, Ind., plant, which will power the world’s first liquefied natural gas barge at the Port of Hamburg in Germany. The engines were purchased by Becker Marine Systems, which is developing hybrid-LNG propulsion and energy-supply systems for barges. The Becker […]
Worldwide air cargo demand ticked up 2.9 percent in February, leading to an overall demand growth of 3.6 percent, year over year, so far in 2013, according to the International Air Transport Association. “Cargo has had a positive start to the year. There is good cause for measured optimism for the cargo industry’s […]
Lufthansa is facing “one of the biggest walkouts” in history starting Wednesday, it said, forcing the carrier to cancel a reported 3,800 flights. According to Vereingung Cockpit, employees will hold a demonstration and rally Wednesday.
The FMCSA has ordered Texas-based FTW Transport to shut down operations, declaring the trucking company an imminent hazard. Officials said they have shut down 75 bus and trucking companies so far this year.
The Federal Motor Carrier Safety Administration has ordered Texas-based REDCO Transport to cease operation of its fleet of 112 trucks due to safety violations, alleged alcohol use by drivers, and its non-compliance with hours of service regulations. The agency’s decision stems from a fatal Aug. 12 incident in Louisiana when a REDCO truck […]
American Airlines Cargo and US Airways Cargo have linked operations at Phoenix Sky Harbor International Airport, moving into one facility while still separate carriers, allowing customers to tender air waybills for both in one place.
XPO Logistics has closed its $335 million acquisition of Pacer, completing a deal that was announced in January. Daniel Avramovich, Pacer’s former chief executive officer, has taken over as XPO’s senior vice president of strategic development. The firm partly financed the purchase with money from its $414 million public offering. “Our […]
Evergreen Line will join with members of the CKYH alliance — COSCO, “K” Line, Yang Ming and Hanjin — in operating container services to the United States East Coast. It’s the latest mega-alliance among container carriers planning to start service to the United States. A vote last month by the Federal Maritime Commission […]
Rep. David Camp, chairman of the House Ways and Means Committee, said Monday he will not seek re-election in November, leaving uncertainty over his recent proposal for comprehensive tax reform.
U.S. Customs and Border Protection said Monday it has authority under its fiscal year 2014 appropriation to hire an additional 2,000 officers to process cargo and travelers at land, air and sea ports of entry. The additional staff will help reduce wait times. CBP can hire 700 officers in the current fiscal year […]
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 […]
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 […]
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 […]
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 […]
