In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim’s parent company Israel Corp. outlined a “term sheet” for a financial restructuring of the container shipping company.
A benchmark study on transportation accessorials from Transplace has found that shippers are not always accurately applying fuel surcharge schedules to their domestic transportation process, among other findings.
The Panama Canal Authority said it registered a tonnage record of 87.7 million tons during the first quarter of its fiscal year.
The American Trucking Associations reported a small 0.6-percent increase in its for-hire truck tonnage index for December, after seeing a 4.7-percent increase in November. “Tonnage ended 2013 on a high note, which fits with many economic indicators as trucking is an excellent reflection of the tangible goods economy,” said ATA Chief Economist Bob […]
”We’re seeing the results of our investments in network capacity and technology enhance our ability to offer superior service to all of our customers,” Norfolk Southern’s CEO said.
FedEx Express and Nissan Motor Co. will begin testing a 100-percent electric car, FedEx announced Wednesday. The Nissan e-NV200 will be tested in real-world conditions in Washington, D.C. Similar tests have taken place in Singapore, the United Kingdom and Brazil, but FedEx said this will be the first time has been used in […]
MOL America has named Richard Craig executive vice president for sales and operations and Richard Jung vice president of sales. Craig will continue to report to Tsuyoshi Yoshida, president and chief executive officer. “Dick’s extensive credentials and proven leadership ability with our operations department has been a tremendous asset to MOL, and […]
America’s performance as a trading partner and how shippers can approach trade with challenging countries are some of the topics to be discussed at this year’s American Association of Exporters and Importers annual conference and expo June 16-18. The 93rd annual conference will be held in Minneapolis, Minn., this year, and the group […]
Seabord Marine has signed a 10-year lease renewal for a 267,400-square-foot warehouse at a port in Medley, Fla., adding an expansion for 64,000 square feet. “Following a long-standing relationship with the landlord, we worked closely with Seaboard Marine and Prologis to strike a deal that would meet Seaboard’s near- and long-term expansion requirements […]
Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it eliminated.
Seago Line will open a direct weekly call from Aarhus, Denmark, to St Petersburg, with the first call scheduled for Jan. 25. The service will depart on Saturdays and arrive to First Container Terminal, St. Petersburg, on Thursdays. Seago Line, part of the A.P. Moller Maersk Group, has its own offices in […]
“Our air pollution problem is so bad that communities from around the state are uniting to take on the issue. Moving to electrification and zero emission transportation technologies can literally save lives,” a coalition member said.
The Panama Canal Authority and the consortium building the waterway’s new set of locks met Tuesday, with the contractor proposing a new arrangement to jointly finance ongoing construction while claims for cost overruns go through arbitration.
Congestion at the Oregon port’s Terminal 6 caused the operator ICTSI to take the unusual step on Tuesday of allowing truckers to only deliver empty containers in the morning and pick up import containers in the afternoon.
The Port Authority of New York and New Jersey on Wednesday morning advised users to check individual terminal Websites for the latest information on servicing vessels and their hours of operation for Thursday, Jan. 23.
“This significantly younger fleet, combined with the fact that the P3 carriers will deploy significant larger vessels than the G6 carriers, means that the P3 alliance will have substantial lower unit cost than the G6 alliance,” the analyst said.
The Stifel Logistics Confidence Index, which measures freight activity and sentiment among European air and ocean freight forwarders and shippers, fell marginally in January, but has stayed above the bellwether 50 mark for 12 consecutive months. The index is produced in partnership with U.K.-based analyst Transport Intelligence (Ti). In the air freight […]
Maersk announced it will add a new direct service from the East Coast of South America to West Africa on Jan. 28. Maersk’s WAFEX (West Africa Express) will use a fortnightly service operated by Delmas (SAMWAF) that operates with three 1,700-TEU ships. The port rotation includes Buenos Aires (Argentina), Rio Grande (Brazil), […]
COSCO and Eimskip signed a cooperation last week that focuses on North Atlantic transportation and international refrigerated freight forwarding, Eimskip said in a news release Tuesday. The Icelandic carrier also said the companies reached an agreement regarding cooperation on potential Arctic sailings.
