Georgia to step up with project funds, despite White House’s proposed 2015 budget void. When President Obama released his fiscal year 2015 budget proposal in March, a $3.9 trillion request that would fuel the government for next year, port officials in Savannah, Ga., were in for a bit of bad news. They had […]
The Panama Canal Authority and the international consortium building the new locks for an expanded Canal announced Friday that they had reached a tentative agreement on a framework for completing the project.
COSCO announced sharp rate increases for all cargo from the Far East to Red Sea and Persian Gulf trade over 11 weeks, adding a total of $2,000 to existing rates across two lanes.
The governor of Oregon is once again getting involved in problems at the Port of Portland’s container terminal, Terminal 6, operated by International Container Terminal Services Inc. (ICTSI). Last December, Gov. John Kitzhaber intervened in a dispute between the International Longshore and Warehouse Union (ILWU) and the International Brotherhood of Electrical Workers over […]
IAG Cargo, the amalgamation of the cargo divisions at British Airways and Iberia, experienced a 7-percent drop in volume between 2012 and 2013, seeing activity decline to 5,653 million cargo-ton kilometers last year.
Inter Aviation Services and the HAE Group, with the help of Kalitta Air, will launch a twice-weekly Boeing 747-400 roundtrip, freighter service between New York and Amsterdam on March 9. The flights will focus on gaining marketshare in the outsize cargo industry. The parties said they expect oil and gas equipment, auto parts […]
DOT should explore expanding the Marine Highway concept beyond barge services for containers to other kinds of cargo normally carried by truck or rail, Acting Maritime Administrator Paul Jaenichen said.
CSAV said it has called an extraordinary shareholders’ meeting for March 21, “when investors should approve the possible merger of CSAV’s containership business with those of the German shipper Hapag Lloyd.” CSAV said should the merger be completed, it would receive 30 percent of the combined company, a percentage subject to closing adjustments. […]
The Advance Filing Rule is similar to the U.S. 24-hour rule in timing, but requires more detailed information about the cargo itself and the parties involved in the transaction.
U.S. Gross Domestic Product, the broadest measure of the value of goods and services produced, grew at an annual rate of 2.4 percent in the fourth quarter, down from the initial estimate of 3.2 percent, the government said Friday. The updated figure is based on more complete data. The U.S. economy grew […]
With the release of a new corn seed from Syngenta and concerns over mixing genetically modified grains in shipments, the U.S. Grain Council urged its shipper members to exercise an “aggressive stewardship” program as it relates to corn exports. “It is important for all sectors of the value chain — individual farmers, technology […]
The A.P. Moller-Maersk Group, helped by strong performance from its Maersk Line container shipping business and APM Terminals business, reported a profit of $3.78 billion in 2013, down from $4 billion in 2012.
INTTRA announced today that it will collaborate with GS1 US, an information standards organization, to develop and implement containerized shipping data exchange guidelines for supply chain and logistics.
CargoSphere has enhanced its SUDS (Smart Upload and Diagnostics Solution) technology by releasing SUDS 2.0, which will be available in late March, the company announced. SUDS reads and processes external freight data from documents and loads it into a rate system database. CargoSphere said the new version of SUDS is faster and allows […]
Clariant Corp., a maker of desiccant materials, said its Container Dri II desiccant products exceed new specifications from the Federation of Cocoa Commerce Ltd. for protection of cocoa bean shipments in containers during transit. The updated federation guidelines, published in November 2013, no longer recommend silica gel desiccant bags; instead, it prefers calcium […]
Cathay Pacific Airways will expand its freight services in the United States by adding a twice-weekly service to Columbus, Ohio. Cathay Pacific Director of Cargo James Woodrow stated, “Cathay Pacific is delighted to further strengthen our industry-leading transpacific service by adding Columbus to our network. Our 13 Boeing 747-8F freighters are the ideal […]
MacGregor, part of Cargotec, has acquired Deep Water Solutions AS, which specializes in lifting applications, the company announced Thursday. “Customer requirements for environmentally friendly solutions are increasing in offshore load handling applications, such as subsea cranes, module handling and LARS (launch and recovery) systems, and having Deep Water Solutions’ experts in the MacGregor […]
The Soy Transportation Coalition thinks it might have a solution for overcoming the political fear in Washington of raising taxes: addition by subtraction.
Obama President Barack Obama on Wednesday proposed a four-year, $302 billion spending plan for repairing and upgrading the nation’s highways, bridges and transit systems, and said half the money could come from a one-time transfer of revenue that arises from any pro-growth business tax reform Congress enacts. It includes $10 billion for what […]
Congress included the Transportation Investment Generating Economic Recovery (TIGER) money, a 20-percent increase from last year’s $474 million appropriation, in the omnibus spending bill for the current fiscal year.
