Terex Corporation will centralize and automate management of its worldwide trade processes through Amber Road. This will streamline Terex’s import, export and trade agreement management across all business units worldwide. “Free trade agreements are a multi-million-dollar savings opportunity, but much of it was slipping between our fingers,” said David Thomas, head of […]
Florida Gov. Rick Scott on Monday pledged a record $8.8 billion for the state’s infrastructure this fiscal year, including $138 million reserved for Florida’s seaports. The seaport money includes $2.6 million reserved for the Blount Island Marine Terminal at JAXPORT, which “will extend the life of existing infrastructure, increase operations and allow the […]
ILA members approved a national master contract that covers containerized cargo last April. But negotiations over local issues and handling of breakbulk cargo continued in some ports, including Baltimore.
The U.S. Senate Committee on Commerce, Science, and Transportation on Monday evening favorably reported President Obama’s nominees for several positions including: Paul Jaenichen, Sr., to be administrator of the Maritime Administration Debra Miller, to be a member of the Surface Transportation Board Arun Kumar, to be Assistant Secretary for Trade Promotion and Director General […]
CMA CGM, Maersk, APL, OOCL, Emirates Shipping, Hamburg Süd and Regional Container Lines will cooperate on services between the Far East and Indian subcontinent starting next month.
Levenick The next federal legislation covering surface transportation must make domestic infrastructure improvement a priority for shippers to remain competitive on a global scale, according to Stu Levenick, president of Caterpillar. “While other parts of the world are integrating and modernizing their infrastructure to meet the economic challenges of the 21st century, we […]
Reederei NSB, the owner of the containership MSC Monterey, said repairs on its cracked deck and hull have been completed.
SDV announced today the acquisition of the business assets of Belgian forwarder, EDT. The majority of the cargo-flows managed by EDT consist of dry bulk cargo to and from Africa. SDV will keep on operating these flows under the EDT name. “We noticed that some of our customers consider a shift from container-transport […]
The amount of freight carried by the transportation industry rose 1.2 percent in November from October, according to the Freight Transportation Services Index released Thursday by the U.S. Department of Transportation’s Bureau of Transportation Statistics. The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation in tons and ton-miles, […]
Nearly 70 percent of Teamsters came out to cast the in-person vote over the weekend, according to the International Brotherhood of Teamsters. The new master agreement covers 13,000 UPS Freight employees.
Members of the G6 Alliance today announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during 2016 and 2017, respectively.
Clement C.M. Leung will succeed Donald Tong as the Hong Kong government’s U.S. commissioner for economic and trade affairs. Leung is currently the director of food and environmental hygiene, and he will begin his new role Feb. 3. As commissioner, Leung will direct constituency-building activities across the U.S. as well as the […]
Qatar Airways Cargo announced today the launch of two new services, Q Pharma and Q Fresh, to transport time- and temperature-sensitive goods, including high-value pharmaceuticals and perishables. Q Pharma, an air freight service for pharmaceutical and healthcare products, provides temperature controlled containers designed to maintain a constant temperature throughout the entire transport. Driven […]
The growth in freight traffic was primarily fueled by the international market, up by 5.4 percent in November, while the domestic market remained sluggish at -1 percent, according to Airports Council International.
The Rotterdam-based law firm AKD said shipping and international trade and logistics operators may benefit from a recent decision by European Justice Ministers, which will improve their chances of successfully recovering money owed to them by trading partners in European Union countries. The decision effectively opens the door to the Europe-wide freezing of […]
Man Diesel & Turbo engines will power the new combination container/roll-on, roll-off ships being built by Crowley Maritime Corp. for its Florida-Puerto Rico service, the manufacturer said. Each vessel will be powered by an MAN B&W 8S70ME-GI8.2 main engine and three MAN 9L28/32DF auxiliary engines. The ConRo ships will be built by […]
Menlo Worldwide Logistics announced last week they are implementing a new product-picking regime involving “Pick to Light Carts” developed by warehouse system integration specialist Inther Logistics Engineering. Menlo’s Maastricht facility in the Netherlands is the first to use the system. Initial evaluation shows that with this system, there is an overall improvement in […]
Strikes have stopped operations at some ports in Chile near the beginning of the country’s winter fruit export season.
The global economy’s steady improvement is creating a better outlook for shipping, and as demand rises and fleet expansion cools off, market fundamentals are expected to improve across the board, according to BIMCO.
