“Liner shipping is becoming less and less reliable as operators ignore service standards in the rush to cut costs. The bad news for shippers is that the situation is only going to get worse,” Drewry said.
Once the Panama Canal expansion is complete, the larger route will quickly regain market share that had been ceded to the Suez Canal, according to Curtis Foltz, executive director of the Georgia Ports Authority.
Canadian National has reached a tentative agreement with the Teamsters Canada Rail Conference, the company announced, which eliminates the union’s threat of a strike.
Ports America Companies said it had refinanced debt facilities of both Ports America, Inc., (PAI) and MTC Holdings, Inc., (MTC) into a single, unified capital structure. The refinancing consisted of a new 5-year, $475-million senior secured credit facility, including $170 million of revolving credit and letter of credit facilities, and a new 7-year, […]
After failing to reach a deal by themselves, UPS and the Independent Pilots Association, which represents UPS pilots, have requested mediation by the National Mediation Board to resolve an ongoing contract dispute. The contract, which falls under the Railway Labor Act, has been amenable since Dec. 31, 2011. “Not only is NMB […]
Air cargo markets were slow to progress in the first half of 2013, the International Air Transport Association said, and though improvement came in the second half, the industry is forced to face the facts of “changing” industry dynamics.
In 2013, Old Dominion saw a net income of $206.1 million, a 21.6-percent increase compared to 2012, a result supported by a 19.4-percent increase in fourth-quarter income.
International Shipholding Corp. (ISC) — the parent company of several shipping companies including Central Gulf Lines, Waterman, United Ocean Services and CG Railway — said it will return its headquarters to New Orleans. After Hurricane Katrina, ISC relocated its corporate headquarters to Mobile. In New Orleans, ISC will create 100 new jobs […]
For the first time in its history, Southwest Airlines will add 15 nonstop, domestic flights from Dallas Love Field. Five new services will begin Oct. 13, with 10 more beginning in November, the company has announced. The change is a result of the ending of flight restrictions imposed in the 1979 Wright […]
Cathay Pacific plans to launch a service to Mexico City on March 1, allowing it to expand its services in Latin America, the airline announced in a news release. In addition, Cathay will also increase the frequency of its service to Guadalajara from two to three freighter flights a week. The Mexico […]
DHL and IMG Fashion have launched a new program, DHL Exported, to help support and propel the worldwide fashion industry, according to a news release. Designers will submit an application and choose between four elite foreign events, including London Fashion Week and Milan Fashion Week. A committee will choose designers to then debut […]
The Pacific Maritime Association (PMA) expects negotiations on a new labor contract with the International Longshore Workers Union (ILWU) to begin in mid-May. The current contract expires on July 1. Stephen Hennessey, senior vice president and chief operating officer for the PMA, told attendees of the Port Productivity Conference of Cargo Business News […]
Turkish freight forwarder Omsan Logistics has converted all of its shipments to electronic air waybills and has been shipping cargo with e-AWBs via Turkish Airlines, saving between 8 and 10 euro ($10.85-$13.52) in the process, the forwarder said. “Paperless AWBs are saving us time, increasing our efficiencies and reducing waste,” Yeliz Ortac, the […]
The strike threat comes after the union, a 3,000-member group of conductors, trainmen and yardmen, voted down a labor contract with CN that was presented in October, according to SchedNet.
Isabella Shipping has merged its U.S. East Coast and U.S. Gulf liner services, dropping its call in Cartagena, Colombia, according to BlueWater Reporting.
Korean Air and Singapore Airlines have agreed to pay more than $200 million in a class-action lawsuit stemming from the carriers’ price-fixing activities, according to the law firm Sandler, Travis & Rosenberg.
American Roll-on Roll-off Carrier (ARC), the largest U.S.-flag ro/ro carrier, recently delivered 29 Abrams tanks and 33 Bradley fighting vehicles to the port of Bremerhaven, Germany. The Abrams tanks and Bradley fighting vehicles, which arrived on Jan. 24, were moved from the Port of Bremerhaven via rail to Grafenwöhr, Germany, where they will […]
The Port of Quincy is working with the state representatives who have formed the Great Northern Corridor Coalition in order to improve rail freight movements across the Great Northern Corridor. The representatives are from the states in the corridor, which spans the northern tier of the United States from the Puget Sound and […]
Leeco Steel is planning to open a 98,000-square-foot distribution center at Port Tampa Bay, the company’s first location in Florida, in April. The company will use the location to help expand its offerings in the Southeast. “Leeco’s announcement of their new facility further supports the port’s role as an expanding gateway to […]
ChassisFinder.com has launched a real-time tool that will let users see chassis that are currently in use, along with thee pickup locations and costs of those chassis. ChassisDashboard is available to ChassisFinder users. “ChassisDashboard was built based on direct feedback from the user community,” ChassisFinder President Bill Knight said in a statement. […]
