American Shipper

FreightWaves Staff Wednesday, March 19, 2014

Roadrunner acquires L.A.-based Unitrans

   The asset-light transportation and logistics services provider Roadrunner Transportation Systems has acquired Los Angeles-based non-asset-based logistics company Unitrans International Corp.    Roadrunner financed the $55.5 million with its own credit facility. The move continues a stream of acquisitions by Roadrunner in the non-asset space. In this case, it adds international capabilities to Roadrunner’s portfolio. […]

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Chris Gillis Wednesday, March 19, 2014

Coyote Logistics, AAT to merge

   The boards of third party logistics providers Coyote Logistics of Chicago and Access America Transport in Chattanooga, Tenn., have approved a merger agreement.    Terms of the deal were not disclosed.    Started in 2002, AAT provides multimodal transportation services, including truckload, less-than-truckload, intermodal, flatbed and specialized freight for shippers and carriers across the […]

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Chris Gillis Wednesday, March 19, 2014

Ex-Im Bank, FCIB spread word on export financing

   The U.S. Export-Import Bank has entered a cross-marketing partnership with the Finance, Credit and International Business Association, a division of the National Association of Credit Management, which represents thousands of credit and finance professionals.    The bank and FCIB signed a memorandum of understanding that conveys their mutual interest in providing information to business […]

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FreightWaves Staff Tuesday, March 18, 2014

Yusen Logistics expands at Port of Duisburg

   Yusen Logistics began its fourth expansion phase Tuesday by opening a new logistics facility at the Port of Duisburg.     “The expansion adjacent to our existing logistics facilities is an important step for us, which makes a new range of logistics services possible for our customers in Germany and Europe,” said Seiji Yuzen, managing […]

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FreightWaves Staff Tuesday, March 18, 2014

Hamburg airport begins work on new air cargo terminal

   Hamburg Airport on Monday began construction on its new air cargo center, with modern buildings and facilities that will replace the existing center.    The new cargo terminal, which the airport said will open in summer 2015, will be called the Hamburg Airport Cargo Center.    “We, the airport, are investing around 45 million […]

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Chris Dupin Tuesday, March 18, 2014

Kirby orders 29 extra tank barges

   Kirby Corp. said Monday that it has signed an agreement to order an additional 29 new inland tank barges with 30,000-barrel capacity this year.    Joe Pyne, Kirby’s chairman and chief executive officer, said the additional barges “will help to meet the additional volume requirements driven by strong and expanding movements of crude oil […]

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FreightWaves Staff Tuesday, March 18, 2014

GSF urges U.S./European regulators to scrutinize P3

   The Global Shippers’ Forum this week called on regulators in Europe and the United States to fully investigate the impact on price and service of the proposed P3 network of Maersk Line, Mediterranean Shipping Co. and CMA CGM.    The GSF, at its third annual meeting in Los Angeles, urged the regulators (including the […]

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Chris Gillis Monday, March 17, 2014

St. George expands in Savannah

   Distribution center operator St. George Warehouse has opened a new 160,000-square-foot facility within minutes of the Port of Savannah’s Garden City Terminal and close to Interstate 95.    Company officials said the facility, which includes 28 truck bays, will primarily be used as a cross-dock operation, with large capacity storage for mid-sized and large […]

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FreightWaves Staff Monday, March 17, 2014

European cargo theft rose in 2013

   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 […]

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Chris Gillis Monday, March 17, 2014

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, […]

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FreightWaves Staff Monday, March 17, 2014

China e-commerce giant Alibaba to list on NYSE

   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 […]

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Chris Dupin Monday, March 17, 2014

SEALs seize tanker in Mediterranean Sea

   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 […]

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