Singapore-based Odfjell Asia II Pte Ltd. and one of its senior crewmen pleaded guilty Monday in federal court in Hartford, Conn., for violating the Act to Prevent Pollution from Ships, the Justice Department said.
President Barack Obama on Tuesday released a $3.9 trillion budget for fiscal year 2015, with a 2.6-percent budget increase for U.S. Customs and Border Protection, a $10 billion freight program within a $302 billion plan for surface transportation programs over four years, and a reduction in funding to dredge harbors — and little chance […]
Non-vessel-operating common carrier Troy Container Line has entered a partnership with Basic Warehousing & Distribution for container freight station services in the Chicago area. Basic Warehousing’s Oak Grove Village container freight station will handle Troy’s outbound and inbound less-than-containerloads and full boxes for the Midwest region. The 100,000-square-foot CFS is located outside of […]
The vehicles were manufactured in China and imported into the United States between 2007 and 2013 without the required certification indicating that emissions would meet federal standards, EPA said.
New cash infusions and a restructured performance bond agreed to last week to settle a contract dispute will jump-start Panama Canal construction, Canal Authority Administrator Jorge Quijano said.
Having helped complete the refinancing of YRC Worldwide, Harry Wilson has resigned from the carrier’s board of directors so that a transportation expert can take his place. “This was a complicated set of financial transactions that had to be completed in a short period of time and all the while we stayed totally […]
IAG Cargo has added Boeing 787 Dreamliner service between London Heathrow and Austin. The service is now offered five times each week, but will switch to a daily schedule on May 3. The new route will benefit Mexican businesses shipping products to Europe, officials said. “Texas is increasingly proving to be […]
The GAO’s findings suggest that industry worries about a pilot shortage for U.S. airlines have been overblown. According to the Bureau of Labor Statistics, the industry will need up to 4,500 pilots each year for the next 10 years.
Global air cargo demand in January rose 4.5 percent, year over year, after only seeing a 2.2-percent jump in December, according to the International Air Transport Association. Capacity increased by 5.1 percent.
The transpacific container trade could see increased rate volatility in the coming year, predicted Lars Jensen, the chief executive officer of SeaIntel Consulting. Speaking at the Journal of Commerce’s TPM 2014 conference in Long Beach, Jensen noted that rates in the Asia-Europe trade have fluctuated more over the past two years as large […]
FedEx will increase its shipping rates by an average of 3.9 percent on March 31, the company announced Monday. FedEx said the change applies to shipments within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands), between the U.S. and Canada, within Canada, between the U.S. and Mexico, and within […]
Fred Smith, the chief executive officer of FedEx, said a rise in protectionism is one of the biggest reasons that world trade is no longer growing rapidly.
The U.S. India Political Action Committee last week slammed a potential move by the U.S. Trade Representative to designate India a “priority foreign country” in ongoing trade disputes between the United States and India.
The average price of air freight on east-west routes fell to $3.31 per kilogram in January from $3.58 per kilogram in December, according to Drewry’s East-West Air Freight Price Index. In November, pricing hit a high for 2013 at $3.81, following an average in October of $3.73. Aside from the last quarter of […]
Shippers have begun getting squeezed by truck capacity, according to an industry note by Cowen and Company. The firm said that during the South West Association of Rail Shippers Conference, a lot of the talk centered around truck capacity, with shippers saying that these fears have presented themselves after years of anticipation. The […]
Rail Logistics, which owns and operates the “Cold Train” express refrigerated intermodal service on the BNSF Railway network between the Pacific Northwest and Chicago, has been acquired by Federated Capital Corp., a private investment, leasing and financial management firm based in Farmington Hills, Mich. Federated Capitol also owns the Great Lakes Central Railroad, […]
The U.S. Transportation Department on Friday proposed to approve United Airlines’ application to serve Tokyo’s downtown Haneda Airport from San Francisco. Under a U.S.-Japan agreement, U.S. airlines may operate up to four daily round-trip flights per day at Haneda Airport, where operations are limited. The four flights have been operated by Hawaiian Airlines […]
Qatar Airways Cargo will launch twice-weekly service to Hyderabad, India, using an A330 freighter on April 1, and the carrier announced it commenced Boeing 777 freighter service to London Stansted five times each week starting May 2. The carrier also announced it has resumed its operations to Zaragoza, Spain, on a twice-weekly basis. […]
IT Minerals will spend $4.5 million to establish an importing, processing and exporting facility at the Port of New Orleans for minerals sourced from Mexico and other countries. “The port welcomes IT Minerals as a tenant of our industrial real estate properties,” said Port of New Orleans President and Chief Executive Officer Gary […]
