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 […]
During the past six years, rate premiums paid by shippers to railroads have skyrocketed by 90 percent, even as carload volume has fallen by 1.1 percent, according to a recently released report by Escalation Consultants.
The amount of freight carried by the domestic transportation industry fell in January for a second straight month, ending the period down 2.8 percent from December, according to the Department of Transportation. This is the first two-month decline measured since October 2012. The department’s Bureau of Transportation Statistics found that despite the […]
Cathay Pacific and Dragonair experienced a 2.4-percent decrease in February’s cargo activity, year over year, and a 4.4-percent decline in cargo revenue. For the month, cargo activity came in at 101,295 kilometers and revenue finished at 548,545 revenue-ton-kilometers. For the year, revenue is up by 0.3 percent, when compared to the same period […]
Allianz Global Corporate & Specialty reported a decline in shipping losses for 2013, with just 94 losses of ships of more than 100 gross tons worldwide, compared to 117 in 2012, with Asia seeing the highest number of total losses.
American Airlines officials are making significant progress toward the integration of American and US Airways, and cargo “will lead the way” in the process, according to Robert Isom, chief operating officer of American Airlines. Pushing cargo forward, he said, will mean connecting to new markets in Asia, Europe and South America with an […]
Cargo volume at The Port of Virginia increased 6 percent in February when compared to the same month last year, the port said Thursday, adding that it anticipates an increase in volume soon as the G6 alliance makes changes.
As the the second anniversary of the U.S.-Republic of Korea Free Trade Agreement (KORUS) nears, exports of U.S. manufactured goods to Korea have increased, and Koreans are buying more U.S. services than ever before, the White House said. KORUS, the White House said, has also improved South Korea’s investment environment through tougher provisions […]
COSCO Pacific said that through a strategic partnership with Hutchison Port Holdings Trust, it is acquiring a 40 percent interest in Asia Container Terminal Holdings (ACT) for $212.65 million. ACT operates Terminal 8 west at Kwai Chung in Hong Kong, adjacent to Terminal 8 east, the COSCO–HIT Terminal, another terminal that COSCO Pacific […]
Crowley said its Carib Energy subsidiary has been awarded a multi-year contract to supply containerized, U.S.-sourced liquefied natural gas (LNG) to its first industrial customer, Coca-Cola Puerto Rico Bottlers in Cayey, Puerto Rico, and its a sister company, the rum distillery Club Caribe in Cidra, Puerto Rico. Carib will supply and transport LNG […]
