Cargo theft in Europe, the Middle East and Africa rose by 66 percent in 2013, year over year, resulting in 1,145 thefts targeting high-value goods, according to the Transported Asset Protection Association. Value losses per crime averaged 235,000 euro ($326,819) in 2013, a sharp rise from the average loss of 58,000 euro in […]
The Panama Canal Authority has announced the launch of a new app for mobile devices to expand audience participation in the waterway’s operations. Available in English and Spanish, the app is available for iOS (Apple), Android and Windows phones.
FMC reviews 30 OTI license applications
The U.S. Federal Maritime Commission has received 30 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Air & Surface Systems, Irvine, Calif. (Paige Cotcamp, president); Azend International, Los Angeles (Adolfo Zendejas Jr., president); DFS Ocean Services, Annapolis, Md. (Gregory McCloskey, vice president); Meridian Freight, […]
The Chinese e-commerce platform Alibaba said over the weekend it plans an initial public offering on the New York Stock Exchange. Analysts predict the IPO could fetch as much as $15 billion for Alibaba, which oversees a reported $150 billion in merchandise transactions annually, more than eBay and Amazon combined. Alibaba has […]
A team of Navy SEALs boarded and took command of the commercial tanker Morning Glory in the Mediterranean Sea, southeast of Cyprus, on Sunday evening, according to the U.S. Department of Defense. The Pentagon said U.S. military seized the ship at the request of Libyan and Cypriot governments, and said the ship was […]
Supply chain commerce solutions provider Manhattan Associates said Monday that the global heating and air-conditioning provider Lennox International, has doubled its distribution footprint via a strategic redesign of its supply chain using Manhattan’s transportation management system and warehouse management systems in six U.S. centers. Lennox moved from a national distribution network to a regional […]
A two-and-a-half-week truckers’ strike at the Port of Vancouver, B.C., seemed unlikely to end Monday despite requests by port and terminal officials to return to work, and the port’s largest terminal said it will declare force majeure — “inability to serve” — to its shipping line customers. Robin Silvester, president and chief executive […]
A news report on Friday erred on the Port of Cleveland’s stance on open lake dredge disposal. The Port of Cleveland did not approve a measure to immediately proceed with maintenance dredging. Instead, it passed a resolution urging the Army Corps of Engineers to commence with dredging immediately. The Corps owns this responsibility, […]
The U.S. Senate on Friday confirmed Arun M. Kumar as assistant secretary of commerce and director general of the U.S. and Foreign Commercial Service, which is part of the Commerce Department’s International Trade Administration. “In this role, he will lead the agency’s efforts to assist and advocate for U.S. companies in international markets. […]
The Shanghai Containerized Freight Index rose on Friday, reflecting a general rate increase suggested by the Transpacific Stabilization Agreement for March 15. TSA is recommending another increase May 1 for its 15 members.
The Port of Cleveland approved a measure during its board meeting Thursday to immediately proceed with maintenance dredging in the Cuyahoga River and Cleveland Harbor before the start of the 2014 shipping season this spring. The port authority also sought to dispose of dredged material in the river and harbor into Lake Erie […]
Hope for the best, prepare for the worst. That’s the kind of advice shippers are getting about the West Coast longshore labor situation, and it was mirrored in two notes sent to toy companies this month.
Domestic Class I railroads carried 407,642 carloads of crude oil during 2013, a 74-percent increase over 2012’s result, according to the Association of American Railroads.
The Federal Motor Carrier Safety Administration has published a proposed rulemaking in the Federal Register that would require commercial truckers to install electronic logging devices to monitor the number of hours in each driver’s shift.
The WorldWide Alliance, a network of neutral non-vessel-operating common carriers, has expanded its less-than-containerload services by adding nine countries to its global coverage. Central America will benefit the most from this development, with alliance member Panama Consolidation Services spreading from its original territory in Panama by adding new offices in Guatemala, Honduras, Nicaragua, […]
With the European Union’s emissions trading scheme back in the news, Sen. John Thune, R-S.D., chose to recently re-enforce his opinion of the policy, calling it “little more than a unilateral tax-grab” during a Thursday Senate committee meeting. Thune made the remarks during the Committee on Commerce, Science and Transportation’s “The U.S. Aviation […]
As the wars in Iraq and Afghanistan have been winding down over the past several years, U.S.-flag carriers have had to increasingly diversify their cargo base toward other U.S.-flag preference cargoes and commercial shipments. One of the most important cargo segments has been U.S. Export-Import Bank financed cargoes. President Obama’s National Export Initiative […]
DHL Express officials said a portion of the company’s good fortune in 2013 — Deutsche Post DHL posted a 55-billion-euro profit ($76.55 billion) last year — can be attributed to its work in Africa and other emerging markets. DHL Express will open a number of facilities in sub-Saharan Africa this year and has […]
Bloom INTTRA, a multi-carrier e-commerce network for ocean shipping, said Ken Bloom, its long-time chief executive officer, will step down from his job this year upon completion of a process to choose his successor. The company said during the transition, Bloom will continue as CEO to lead INTTRA’s current strategic initiatives, which include […]
