The world’s airports reported an overall year-over-year gain of 4.1 percent in air freight traffic for the month of October, despite sluggish global commerce for most of 2013, according to Airports Council International. The rise in air freight volumes is consistent with the recent improvements in international trade volumes and overall business confidence, […]
The Georgia Ports Authority achieved significant gains in November, with a 6.6-percent increase in TEU for the month and a 7.3-percent increase in total tonnage across all terminals.
CN Railroad said Tuesday it will start serving a new frac sand producer on its Wisconsin rail network in December. The production facility of Source Energy Services in Weyerhaeuser, Wis., will have an annual production capacity of 1.2 million tons of high-grade sands, rising to 2 million tons by the third quarter of […]
The Port of Montreal has welcomed the largest petroleum tanker to have ever visited the port. The MT Overseas Portland, carrying 475,000 barrels of crude oil, arrived from St. James, La., on Thursday. Beginning in May, the maximum width of vessels allowed to sail into the Quebec-Montreal section of the St. Lawrence channel […]
Old Dominion Freight Line has relocated and expanded its Fort Myers service center in order to accommodate increased demand in Southwest Florida. The company has maintained a presence in Fort Myers for seven years. “After years of sustained growth in the area, it was time to expand our facility to serve our new […]
Steel exports fell by 10.9 percent in September, month-over-month, and declined by 3.4 percent year-over-year, according to government data. “All export markets for American-made steel declined in September over August, with the exception of the small Asian market, which posted a small increase for the month. It is hard to know whether the […]
The APHIS Center for Plant Health Science and Technology said it has completed an analysis of any potential pest risks and has posted a draft document for interested parties to review and comment within 30 days.
Ministers meeting in Singapore adjourned without finalizing a Trans-Pacific Partnership trade pact, but said they had made significant progress and would meet again next month. Negotiators had long expressed hope of concluding a Pacific trade deal by the end of the year. The TPP talks are aimed at opening markets and reducing […]
The company has said it will need to have a new contract ratified by January in order to have its debt restructured by Feb. 1. If the debt isn’t restructured by then, officials said the company might go out of business.
Frank Peake was sentenced to serve five years in prison and made to pay a $25,000 criminal fine for his participation in a conspiracy to fix rates and surcharges for freight transported between the continental United States and Puerto Rico.
American Airlines and US Airways have officially merged, taking American Airlines name, and the carrier’s top cargo brass has also made the switch. Kenji Hashimoto, who took over for longtime cargo head Dave Brooks upon his retirement in May 2012, has moved on to become the senior vice president of regional carriers. Jim […]
Slated for completion by November 2014, the 475,000-square-foot building at Chicago O’Hare, which includes a 53,000-square-foot office, will stand as the largest domestic DHL Global Forwarding development.
Pilot Freight Services has taken over customs clearance operations for its importer customers, saying it has taken out third-party involvement in the supply chain. With Pilot Customs Brokerage, the company says it can now handle pickup, transportation and customs clearance, becoming a one-stop shop. “This new service offering gives us the opportunity […]
Accenture last week closed its acquisition of procurement business process outsourcing provider Procurian, a $375 million deal announced in October. The acquisition prompted one analyst to speculate that other providers could be forced to partner up to keep pace. Accenture and Procurian were considered to be two of the top three procurement BPO […]
APL Logistics today opened its first APL Logistics/Carmichael International Service customs brokerage office in Laredo, Texas. APL Logistics, the supply chain management unit of Singapore’s NOL Group, acquired U.S. customs brokerage and trade compliance firm Carmichael International Service in 2012. Carmichael offers traditional customs brokerage, trade compliance, consulting and transportation services. The […]
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is expanding its services into the maritime survey sector following its acquisition of Christy & Griffin, a leading marine surveying and consultancy business. This deal will not only expand its service profile into marine surveying, but also develop its goal of delivering a […]
Two shipping analysts are warning of containership over capacity in commentaries released today. In the latest edition of its Container Insight Weekly, the London-based consultant Drewry said it believes the current orderbook of 8,000-TEU to 10,000-TEU contanerships is excessive. Meanwhile, Johnson Leung and Benjamin Wang of the investment bank Jefferies said, “More […]
Trade ministers meeting in Bali, Indonesia, on Friday achieved a breakthrough on a multilateral trade agreement covering trade facilitation that was widely hailed by business interests as a major advance in spurring global economic activity.
Taggart International, Ltd., has acquired Customs and Trade Services, Inc., a premier textile and apparel U.S. Customs Broker based in Miami with an additional office in Gulfport, Miss. Taggart International is an FMC Licensed NVOCC and OTI with more than a dozen steamship line service contracts and is an approved TSA air freight forwarder, an IATA […]
