Hapag-Lloyd will increase rates for all cargo and container types in Far East westbound trade effective Jan. 6. The general rate increase is a rise of $500 per TEU and will be applicable for all shipments from East Asia (excluding Japan) to North Europe and Mediterranean (West Mediterranean, East Mediterranean, Black Sea and […]
Cathay Pacific Airways and Dragonair carried 147,450 tons of cargo and mail in November, an increase of 4.7 percent compared to November 2012, as capacity increased by 8.5 percent in the same time period. The cargo and mail load factor fell by 0.2 percentage points to 63.7 percent, and cargo and mail revenue […]
American Airlines Cargo announced yesterday it will begin offering widebody cargo service from Los Angeles to Sao Paulo on a Boeing 777-200 ER. Service departing Sao Paulo begins Dec. 18. The new service provides customers with a fourth gateway to Sao Paulo. Currently, American offers service between Sao Paulo and Dallas/Fort Worth, Miami, […]
UPS said Monday it expects to deliver 29 million packages Tuesday, which would be a record-setting day for the company. The week before the Christmas holiday is known as “peak weak” because of the surge in package pickup and delivery. UPS said that during this seven-day period, nearly 100,000 package cars, vans, […]
Siim Kallas, the European Commission’s vice president in charge of transport, said he wants more freight traffic off the highways and on the tracks. He said that only 10 percent of Europe’s freight traffic is currently on rail.
Transitioning one third of home delivery recipients to a “community mailbox delivery” is expected to bring savings of $400 million to $500 million annually once fully implemented. The program will begin a five-year roll out in 2014.
XPO Logistics’ purchase last week of the managed transportation solutions subsidiary of fellow truck brokerage Landstar provides it with a more “defensible vertical,” according to the Transportation & Logistics Research Group of the investment bank Stifel. XPO said last week it will pay Landstar $87 million for NLM, which predominantly serves auto (original […]
Cargolux Airlines’ board of directors approved Friday entering into a commercial cooperation agreement with Henan Civil Aviation and Investment Co. (HNCA). This resolution paves the way for a close partnership between Cargolux and the airline’s future Chinese investor following the recent decision by the State of Luxembourg to sell its 35-percent stake to […]
The Export-Import Bank of the United States approved more than $27 billion in authorizations during fiscal-year 2013, working with more than 3,400 small businesses, which equated to 89 percent of all transactions.
Boeing will begin construction on a South Carolina painting facility for fully assembled 787 Dreamliners during the second half of 2014 and expects to start production in mid-2016. The company has purchased 267 acres from the Charleston County Aviation Authority and leased 201 acres from Palmetto Railways to accommodate future expansion. Boeing plans […]
The AAPA and MarAd are searching for technical experts to contribute expertise for the how-to-manual, which will help port authorities plan infrastructure projects and devise how to attract public or private capital to pay for them.
Vanguard Logistics Services announced Thursday the opening of an office in Lima, Peru, and said it will provide full commercial and operational services to customers from the new location. Peru is the most recent addition to Vanguard’s Latin American presence, which includes offices in Argentina, Brazil, Chile, Colombia, Costa Rica and Mexico. […]
The Federal Maritime Commission will hold its Global Regulatory Summit on shipping Dec. 17. The agency confirmed regulators from the People’s Republic of China (PRC) and the European Union will attend and said commissioners will discuss global regulatory issues including carrier alliances, vessel-sharing agreements, and the impact of operational agreements on international trade. […]
The Association of American Railroads reported that total U.S. weekly intermodal volume was 262,765 units last week, up 9.4 percent compared with the same week last year. Five of the 10 carload commodity groups posted increases, including petroleum and petroleum products, with 14,831 carloads, up 18.6 percent. Compared with the same week last […]
Labor unions representing port workers in New York and New Jersey are seeking to stop the Waterfront Commission of New York Harbor from amending its rules for repair and maintenance employees.
Peter Keller, the president of Sea Star Line, will become executive vice president of TOTE, Sea Star’s parent company. He will oversee TOTE Shipholdings and the TOTE Maritime Division, which includes Sea Star and Totem Ocean Trailer Express.
Hyundai Merchant Marine has provided details on the port rotations for the services it will offer next year in the Asia to North America West Coast and on the transatlantic, including those that will be added after the G6 expands into those two trade lanes. A spreadsheet detailing the services — including ship […]
The U.S. Commerce Department’s Bureau of Industry and Security has added 36 companies and individuals to the Entity List for “engaging in actions contrary to the national security or foreign policy interests” of the United States.
Cargolux and Aeros have signed a memorandum of understanding to explore using its rigid airship, the Aeroscraft, for cargo transportation throughout the European and North African regions. Cargolux will become a launch partner for the Aeroscraft 66 short ton (ML866) and the Aeroscraft 250 short ton (ML868) models. The Aeroscraft will solve […]
