BNSF announced last week a capital commitment plan for 2014 of $5 billion, which it said is a record plan and a $1 billion increase over its expenditures in 2013. The railroad will spend $2.3 billion on network upgrades, $1.6 billion on equipment purchases, $900 million for terminal and other expansion, and $200 […]
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“Build it and they will come” is not a viable strategy for container terminals. Investors are unlikely to make loans on the assumption that a good idea for a cargo hub will attract enough business to provide a return on investment.
Athens-based Danaos, whose stock is traded on the New York Stock Exchange, said it had a loss in the fourth quarter of 2013 of $4.2 million compared to a loss of $116.5 million the same 2012 period.
National Shipping of America, which operates a fortnightly service between Houston, Port Everglades, and Puerto Rico, is partnering with Rickmers-Linie (America) to expand breakbulk service to Puerto Rico.
Maersk Line is returning the 14 ships it had on charter from the German KG fund MPC Flottenfonds III. The ships ranged in size between 3,604 TEU and 4,224 TEU, and they were delivered between December 1991 and March 1995. Maersk acquired the ships as part of its purchase of P&O Nedlloyd in […]
UPS has purchased Polar Speed, a U.K.-based provider of pharmaceutical supply chain solutions, the company announced Tuesday. UPS said the purchase of the company — which uses a temperature-controlled fleet to deliver products to hospitals, pharmacies, wholesalers and surgery centers — is part of its strategy to offer more solutions to customers in […]
Twenty six states experienced export growth in 2013, with 16 of them setting new sale records, according to the Commerce Department. Total exports reached $2.3 trillion in 2013.
The U.S. Federal Motor Carrier Safety Administration has declared two truck drivers imminent hazards to public safety and ordered them to not operate any commercial motor vehicles in interstate commerce. The moves continue an enhanced enforcement posture by the agency for the past two years to put dangerous motor carriers and drivers out […]
The International Civil Aviation Organization and Singapore signed an agreement Monday to increase collaboration on training for the civil aviation sector, at the same time the republic is hosting the Singapore Airshow 2014. The Memorandum of Understanding was formalized by Olumuyiwa Benard Aliu, president of the ICAO Council, and Lui Tuck Yew, minister […]
UTi Worldwide has opened a new facility in Michigan, combining warehouse activities and space for air, ocean and ground freight forwarding, the company announced Tuesday. The new “shared asset” model, which is 228,000 square feet, replaces two separate UTi buildings that were in the area. “Having both teams in one location allows […]
The United States on Monday requested World Trade Organization dispute settlement consultations with India concerning domestic content requirements in Phase II of India’s National Solar Mission. The U.S. government said these domestic content requirements “discriminate against U.S. solar cells and modules by requiring solar power developers participating in Phase II to use Indian-manufactured […]
Old Dominion Freight Line has relocated its Albany, N.Y., service center to a larger upstate facility, the company announced Monday. “With 33 additional doors, this state-of-the-art service center will help us keep up with strong demand for LTL services in the region,” stated Mike McGinness, manager of the Albany Service Center. “We look […]
About one in three containership sailings between China and North America were pulled by carriers during the week of Feb. 3-9, according to BlueWater Reporting, which has launched a new application that generates an analysis of vessel sailings skipped on a week-to-week basis by trade route. For the trade from China to North […]
The commissioners of the Port of Portland, Ore., will consider a program to spend up to $4 million on incentives to keep container carriers calling the port when they meet on Wednesday.
The P3 carriers — Maersk, MSC and CMA CGM — have provided the Federal Maritime Commission with additional information on their proposed vessel sharing agreement, according to the FMC. The agreement will now go into effect in 45 days unless the FMC seeks to block it with an injunction. “The commission is now […]
DB Schenker’s new “Asia Landbridge” service will help speed up freight transportation across Asia, the company announced Monday. “Our network for this new product covers China and the ASEAN countries of Singapore, Malaysia, Thailand, Myanmar, Cambodia, Vietnam and Laos,” stated Thomas Lieb, chairman of the Schenker AG board of management. “These countries rank amongst the fastest-growing […]
FedEx has expanded its time-sensitive offering, SenseAware, to 14 new countries in Europe, and at the same time, DHL has announced that it has launched a new temperature-sensitive service between Brussels and Cincinnati, Ohio. The FedEx service, which aims to provide real-time visibility for high-value and other sensitive products, is now offered in […]
During 2013, Virgin Atlantic Cargo experienced gains in tonnage, revenue and market share due to increased U.S. to India traffic, U.S. business gain and greater perishables traffic, according to a news release. Dan Parker, vice president commercial at Virgin Atlantic Cargo, stated, “The transatlantic market remains highly competitive but for us, 2013 was […]
Total intermodal shipments increased 4.6 percent in 2013 to 15.5 million containers and trailers (of all sizes) and were up 7 percent in the fourth quarter to just shy of 4 million containers and trailers, said the Intermodal Association of North America (IANA). Domestic container volume — which doubled over the past 10 […]
