Transpacific container volumes are expected to increase in the next several years, but increased capacity brought on by ships cascading from the Asia-Europe trade bring challenges as carriers seek to raise rates and prevent volatility.
United European Car Carriers (UECC), which is jointly owned by NYK and Wallenius Lines, has signed a contract to construct two Pure Car and Truck Carriers (PCTCs) that can optionally use LNG or heavy fuel oil and marine gas oil as fuel. UECC said they will be the first PCTCs to be fitted […]
UPS will begin transmitting information on hazardous materials electronically — by phone or fax — starting June 1, the company announced Thursday. The new method, authorized by the Department of Transportation Pipeline and Hazardous Material Safety Administration, affects small package tractor-trailer operations, the movement of small package shipments between UPS facilities and deliveries […]
Annual driver pay may have to approach the $100,000 threshold in the next couple of years in order to attract enough employees to fill a driver shortage, according to one carrier executive.
The Chilean shipping company CSAV will pay a $625,000 civil penalty under a compromise agreement reached with the Federal Maritime Commission. In addition to its container liner business, CSAV operates roll on/roll off vessels in U.S. inbound and outbound trades, and was alleged to have violated the Shipping Act by acting in concert […]
Endeavour Capital has acquired Port Logistics Group, which currently operates more than 5 million square feel of warehouse space domestically, for an undisclosed amount.
Jonathan Starks, director of transportation analysis at FTR, said weather also played a factor in keeping rates up and that another storm in March could help keep rates high as shipping season heats up.
Vitran shareholders have approved the acquisition of its Canadian assets by a subsidiary of TransForce for $6.50 per share. The deal had been announced in December after an initial agreement between Vitran and Manitoulin was countered by TransForce. Nearly 95 percent of Vitran’s shareholders approved the deal, which still has to be approved […]
President Obama’s 2015 budget request, released Tuesday, presents challenges to a number of domestic aviation programs, not least the rollout of NextGen, according to the president of the Aerospace Industries Association.
Swissport has reported revenue of CHF $2.1 billion ($2.4 billion) for 2013, an 11-percent increase from the previous year, despite what the company said were poor market conditions and foreign exchange headwinds. “Main contributors to Swissport’s growth were the full-year impact of the Flightcare acquisition that was completed in September 2012, as well […]
The International Civil Aviation Organization, in collaboration with the major aviation and safety organizations around the world, has released an updated Runway Safety Implementation Kit, which provides updated safety guidance and resources developed from the group’s Runway Safety Programme. ICAO also plans to bring safety teams to key airports around the world to […]
CaroTrans has begun a new weekly, direct service from the U.S. West Coast to seven points in Central America, the company announced Thursday. The points are Belize, Costa Rica, Guatemala, Honduras, Nicaragua, El Salvador and Panama. “This new U.S. West Coast service to Central America further reinforces our commitment to delivering services […]
The Florida Transportation Commission has agreed to a five-year, $38.7 billion transportation work program from the Florida Department of Transportation and will submit a review of the plan to Gov. Rick Scott.
Anchorage, Alaska, is suing the federal government in the U.S. Court of Federal Claims over what it says is the U.S. Maritime Administration’s (MarAd) “breach and complete abdication of its contractual responsibilities” as manager of a port improvement project. Management of the project was “not handled competently,” Anchorage Mayor Dan Sullivan said during […]
The global logistics solutions software developer Descartes Systems saw fourth-quarter operating profit rise 16 percent, year-over-year, to $11.3 million, on revenue that rose 19 percent, to $40.3 million.
The president of the Pacific Maritime Association said that while negotiations with the union may go past the July 1 expiration date for the current labor pact, he expects an agreement to be reached without a labor stoppage.
The trucks will be used first in rural Oklahoma and Louisiana in early 2015, where they will replace vehicles that run on gasoline and diesel, but UPS plans on expanding the program to other states.
In an effort to expand carbon-emissions reporting, DHL Global Forwarding, Freight has launched a new web platform, unveiled a new scanning technology to compare a company’s emissions to industry benchmarks, and adopted a new reporting protocol. By using the Greenhouse Gas Protocol “Product Lifecycle Accounting and Reporting Standard,” DHL can expand the number […]
UTi Worldwide will seek shareholder approval in June to settle in cash two recently closed convertible notes totaling $575 million, a development, the company said, is a “significant step” toward recapitalization. “Our refinancing strengthens our balance sheet and allows us to focus on completing our transformation and growing our business,” Eric Kirchner, UTi’s […]
Domestic cargo thefts remained flat between 2012 and 2013, but the 951 incidents reported by companies still represented the largest number of thefts on record, according to FreightWatch International. The organization said that even though the amount of thefts didn’t increase from 2012 to 2013, thieves are becoming more organized and innovative. FreightWatch […]
