The bill, which was introduced Thursday by House and Senate finance committee chairmen, would speed up consideration of trade agreements brought to Congress by the president.
YRC Worldwide employees rejected Thursday the carrier’s proposal to extend their employment contract for five years by a vote of 61 percent to 39 percent, leaving YRC “reviewing its options.” The carrier has said a contract extension with union employees represented by the International Brotherhood of Teamsters, which would move the deal’s expiration […]
The Italian construction firm Salini Impregilo said that switching to another contractor to complete the $3.2 billion installation of a new set of locks to handle bigger ships at the Panama Canal would delay the project.
Container Trade Statistics said that “in line with market expectations, the global containerized output contracted in November, reflecting the cyclical trough associated with the final quarter of the year.” CTS also said global containerized exports in November totaled was 10,384,800 TEU, down 4.72 percent from October, but these totals were 5.47-percent higher than […]
New pacts to expand global trade and investment, infrastructure investment, tax and regulatory reform, and policies encouraging increased domestic oil and gas production will help speed up growth for a U.S. economy that continued to underachieve in 2013, U.S. Chamber of Commerce President Thomas Donahue said Wednesday in his annual “State of Business” address. […]
Hanjin told customers on Thursday that it will end its New Trans Atlantic (NTA) service between the U.S. East Coast and North Europe. “This decision comes in light on continuing dismal market conditions, which do not support operational costs,” the Korean carrier said. Other members of the CKYH alliance — Cosco, “K” […]
The liner carrier Hyundai Merchant Marine this week launched a webpage dedicated to North American intermodal services. The page allows customers to search for service availability and tariffs. Customer can also send a request for a new inland service point. More information is available at https://www.hmm21.com/cms/business/ebiz/information/news/1197436_1265.jsp.
Airbus announced in a statement Wednesday it has renewed its Lead Logistics Provider contract with Kuehne + Nagel until 2016. Kuehne + Nagel will continue to manage Airbus’ entire production logistics in France, Germany, Spain, the UK and China for all aircraft programs. Kuehne + Nagel’s services for Airbus consist of goods receipt, […]
Shortsea shipping and logistics specialist Oldenburg-Portugiesische Dampfschiffs-Rhederei announced Tuesday an expansion of its service to Tilbury’s London Container Terminal. In November, LCT announced an agreement with OPDR to handle more than 200 calls annually for OPDR services on their routes between the Iberian Peninsula, including the Canary Islands, North Africa and the UK. […]
NorthPoint Development announced Wednesday it will lease from Smart Warehousing a distribution center spanning more than 575,000 square feet, Inland Port IV, which is to be built at Logistics Park Kansas City (LPKC). “We are thrilled to be one of the first tenants to establish a distribution center at Logistics Park Kansas […]
A new report released this week by analyst eyefortransport examines how the North American trucking industry is adapting to new technologies. The report, Trucking IT Landscape, is based on answers from 200 respondents on the changing nature of technology’s role in the trucking industry. “The report provides a glimpse at how technology is […]
Hapag-Lloyd will increase rates effective Feb. 15. Rates for cargo on the eastbound trade from India Zone 1 and Pakistan to all U.S. and Canada destinations will increase $300 per TEU; $375 per 40-foot containers; $425 per 40-foot cube containers; and $425 per 40-foot reefer containers. India Zone 1 comprises of the India West […]
Some general rate increases issued this week by the liner carriers: Hapag-Lloyd will increase rates effective Jan. 15, the German line announced Tuesday. Rates for all cargo and containers from East Asia (excluding Japan) to the Red Sea will increase $200 per TEU. Red Sea is defined as including the ports of Jeddah, Aqaba, […]
The U.S. Commerce Department on Thursday announced its so-called “Look South” initiative to help American companies increase their exports to Latin America. The Look South Initiative is specifically focused on increasing U.S. trade with the 11 Latin American economies with which the United States has free trade agreements. They include Chile, Colombia, Costa […]
In its weekly report, DAT saw that the holiday hangover with the addition of extreme weather throughout much of the country contributed to elevated rates across all equipment types last week. The national average for vans held at $1.95 per mile, as weather conditions appear to have shifted traffic patterns to alternate hubs […]
Limestone shipments on the Great Lakes totaled 27.6 million tons in 2013, an increase of 1.7 percent compared to 2012, the Lake Carriers’ Association stated in a report Wednesday. The trade was 4-percent below its long-term average. The Lake Carriers’ Association also reported that shipments from U.S. ports totaled 23.9 million tons, an […]
According to IATA, the strongest performing region was the Middle East, where carriers reported a 16.5-percent improvement. In addition, Asia-Pacific carriers, who account for some 40 percent of the market, reported 4.9-percent growth.
Omnitek Engineering today said that 2013 showed an increased interest from large fleet operators to convert heavy-duty truck engines to natural gas. Omnitek has a 10-year target of 2 million conversions. “The opportunities for heavy-duty diesel engine truck engine conversions are significant, and we expect 2014 to be a pivotal year for the […]
Grupo Unidos por el Canal (GUPC), which is led by Spanish construction firm Sacyr, issued a statement early Wednesday saying it would provide $100 million to keep construction going if the ACP advances it $400 million.
Former U.S. Secretary of Transportation Ray LaHood will join Building America’s Future as a new co-chair, the organization announced Wednesday. LaHood “I am delighted to join Building America’s Future as a co-chair and am excited to work together with some of the nation’s most innovative public leaders,” LaHood stated. “While there is widespread […]
