The development of a third runway at Hong Kong International Airport has a large part in the Hong Kong government’s 2014-2015 budget, according to a statement released by the country’s chief executive.
Construction of the first of two new containerships for TOTE Inc. that will use liquefied natural gas (LNG) as fuel began Monday night at the General Dynamics NASSCO shipyard in San Diego. Fireworks marked the first cut of steel in a ceremony for the so-called Marlin Class ships, which will replace older ships […]
BNSF Logistics and Tri Global Energy have entered into an agreement to align resources, market knowledge and industry relationships to support BNSFL’s development of the West Texas Wind Energy Logistics Center. The joint marketing agreement will focus on managing capacity, optimizing routing of turbine components and increasing volumes through a central facility to […]
Canadian National Railway has unveiled a program to encourage private shippers to integrate their hopper cars into the railroad’s Western Canadian common fleet. It will accept bids from shippers until March 7. CN is targeting grain, oilseed and special crop shippers for service, it said in a release. Participants will received “weekly […]
A report from the Department of Commerce released Tuesday shows that exports are supporting more jobs now than at any time in the past 20 years.
The U.S. Department of Commerce and eBay will partner to promote trade and investment expansion, announced Commerce Secretary Penny Pritzker and eBay Chief Executive Officer John Donahoe on Wednesday. The partnership, part of President Barack Obama’s National Export Initiative, will focus on building awareness about the economic benefits of trade, especially for small […]
In addition to dwindling monetary support, the report found that counties are confronted with a limited number of ways to generate revenue amid quickly rising costs for transportation projects.
U.K.-based Yusen Logistics has won a contract with Hi Logistics Europe UK Branch for nationwide transport of LG Electronics products, the company announced. YL will collect LG products such as audio visual products and kitchen appliances from Hi Logistics’ distribution center. It will then to deliver products to retailers and wholesale distribution centers. […]
International Chamber of Shipping Chairman Masamichi Morooka shined a spotlight on the International Maritime Organization, following suggestion from delegates at the World Ocean Summit that the United Nations establish a world ocean organization. Morooka, who spoke at the summit in San Francisco on Tuesday, said that though the IMO is small, it is […]
Maersk said that on April 1 it will raise freight rates from North Europe to the United States (East, Gulf and West Coast) by $500 per container. Eastbound rates from the U.S. to North Europe will be increased by $100 per container.
The U.S. Department of Transportation (DOT) on Tuesday issued an emergency order requiring all shippers to test product from the Bakken region oil fields to ensure the proper classification of crude oil before it is transported by rail, while also prohibiting the transportation of crude oil in the lowest-strength packing group. “Today […]
U.S. Customs and Border Protection on Monday expanded the ACE Cargo Release Pilot program to 14 more airports three weeks after expanding the program beyond the air mode to ocean and rail.
A study commissioned by the New York Shipping Association said the port creates 165,350 direct jobs and 296,060 full-time jobs in the region. That’s up from 279,200 full time jobs in 2010.
Expeditors reported a profit attributable to shareholders of $83.5 million in the fourth quarter of 2013, a 1-percent drop from the same 2012 period. Revenue in the quarter was $1.63 billion, up 6 percent. For the full year, Expeditors had a profit attributable to shareholders of $348.5 million, a 5-percent increase over 2012. […]
Drewry predicts that “bigger east-west ships and larger alliances are likely to continue to allow key transshipment hub ports in the Mediterranean to outperform underlying organic market growth.”
The United States and Canada on Monday launched a commercial truck pre-inspection pilot program at the heavily trafficked Peace Bridge crossing between Buffalo, N.Y., and Fort Erie, Ontario. U.S. Customs and Border Protection is testing the concept of conducting primary inspections of U.S.-bound trucks and cargo on the Canadian side of the border […]
After a four-day meeting in Singapore, representatives from the 12 countries represented under the proposed Trans-Pacific Partnership say they have made “further strides” toward the agreement, but came away from the meeting without a deal.
XPO Logistics experienced significant growth for the year and in the fourth quarter of 2013, with revenue reaching $257.2 million and gross margin dollars increasing 238.8 percent to $53.1 million, the company reported Monday. Revenues increased in all of its business units: freight brokerage, expedited transportation, freight forwarding and corporate, it said. […]
Airlines’ first-quarter earnings may be lower than expected due to higher fuel costs, flight cancellations and weather disruptions, according to a report from Cowen and Company, which has updated its predictions. “We still remain positive on the group, but admit we could see lower 1Q14 earnings as a result of these issues,” the […]
Emirates has started a new daily service to Chicago, the airline announced Monday. The city will be the airline’s ninth gateway in the U.S. President Tim Clark stated, “Chicago has long been a destination in the United States which Emirates has wished to serve. Like Dubai, Chicago is a major global trade […]
