Foxx said passing a transportation reauthorization bill with adequate funding for maintenance and upgrades of highways, bridges, and transit systems is one of his top priorities during President Obama’s second term.
“K” Line said Friday it had recorded a loss of 5.7 billion yen ($54.8 million) as a loss provision related to the Japan’s Anti-Monopoly Act during the consolidated third quarter term of Fiscal Year 2013, which ended December 31. (Japanese carriers have a fiscal year that runs from the April 1 to March 31.) […]
Drewry Maritime is forecasting that the majority of container shipping lines “will finish in the red for last year” and that freight rates remain historically weak. In a press report announcing availability of its Container Forecaster report for the fourth quarter of 2013, the London-based consultant and publisher said, “The sale of non-core […]
In 2013, the Port of Long Beach saw an 11.3-percent jump in cargo volume, while the Port of Los Angeles saw a 2.59-percent decrease in total container volume.
The report found “supply chain analysis increasingly important for businesses. For the second year in succession, (business interruption) and supply chain risk ranks as the top peril in the Risk Barometer.”
London Thamesport has welcomed the announcement of a new short sea container shipping service by A2B-online, a Dutch transport company specializing in full load, part load, and pallet consignments to and from the United Kingdom, Benelux and Germany. The new container shipping service, which will start on Jan. 28, will offer three sailings […]
NYK said it has increased its ownership of a car terminal company in Kazakhstan from 25 percent to 100 percent. NYK Holding Europe B.V., an NYK Group company, acquired full ownership of Tranco Terminal, the largest car-terminal operating company in Kazakhstan, on Jan. 15, and began operations under the name NYK Auto Logistics […]
AirBridgeCargo Airlines has welcomed its fifth 747-8 freighter from Boeing, increasing its fleet to thirteen. “AirBridgeCargo has already experienced the outstanding payload and operating economics of the 747-8 family,” stated Denis Ilin, executive president of AirBridgeCargo Airlines. “We are very excited to receive our fifth 747-8 freighter.” The airline said the new […]
Carriers of the United States Australasia Discussion Agreement — CMA CGM, Hamburg Sud, Hapag-Lloyd, Marfret, MSC and US Lines — will implement a rate increase on April 1. The GRI is $75 per TEU and $150 per 40-foot container. The change is applicable via U.S. East Coast ports to ports in Australia and […]
The Justice Department on Thursday said two men were indicted by a federal grand jury in Las Vegas for violations of the federal renewable fuel program that allegedly netted them more than $37 million. The 57-count indictment against James Jariv, 63, of Las Vegas, and Nathan Stoliar, 64, of Australia, includes allegations of […]
The U.S. Environmental Protection Agency issued a final rule this week to move ahead with the development of a national electronic manifest system to replace the existing paper-based system for tracking hazardous waste. Mathy Stanislaus, assistant administrator for the EPA’s Office of Solid Waste and Emergency Response, called the action “a key step […]
More than a dozen Democrats on Thursday urged House Ways and Means Committee Chairman Dave Camp, R-Mich., to hold hearings as soon as possible on the dwindling balance in the federal Highway Trust Fund and possible new funding options. The highway account is where receipts from gas and diesel taxes, as well as […]
The Canada Border Services Agency will introduce enhancements to its system in order for it to modernize commercial border processes, and make them more streamlined and predictable, the agency announced Wednesday. The update will affect service providers and carriers who are connected with CBSA, requiring them to make necessary upgrades. The agency said […]
The U.S. Department of Transportation must expand the Obama administration’s safety focus from distracted and drunk driving, and unsafe bus operators to aviation and the transport of energy supplies in the wake of last month’s fiery accident in North Dakota when a BNSF Railway unit train hauling crude oil collided with a car that […]
The 20 largest container shipping companies lost an aggregate of $1.3 billion between 2008 and 2012 according to Dynamar, which attributes this increased volatility to the creation of the Shanghai Containerised (Export) Freight Index.
The project is 72-percent complete, and officials insist they will finish the project, either with the current contractor or another one, if issues regarding payment of cost overruns cannot be resolved.
The Japanese shipping company said the alliance will “organically connect TraPac’s expertise in top-level terminal operation with Toronto-based Brookfield’s knowledge of the infrastructure business in North/South America, Australia and Europe.”
“Supported by the strength of an expanding economy, we delivered 6-percent volume growth in the quarter, despite another sharp decline in coal,” stated Michael Ward, the carrier’s chairman, president and chief executive officer.
The Greenbrier Companies said Thursday that its Gunderson Marine division has received an order from Kirby Offshore Marine to build an articulated ocean-going oil and chemical tank barge, with an option for a second unit, to meet growing demand. The 578-foot tank barge is one of the largest in Gunderson’s history, and will […]
Cathay Pacific Airways’ and Dragonair’s traffic figures for December show a year-over-year decline in cargo, despite more capacity being available, Cathay Pacific announced Thursday. The airlines reported that they carried 139,608 tons of cargo and mail in December, a decrease of 5 percent compared to December 2012. Capacity, measured in available cargo/mail ton […]
