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 […]
“In the absence of a common approach, there is a patchwork of responses to rule-breakers,” said the European Commission; it added that the law will bring about “a more uniform and effective application of EU customs law in every part of the EU.”
The normally polarized U.S. House of Representatives on Thursday passed a bipartisan two-year budget deal by a vote of 392-94 that would stave off another potential government shutdown and replace a portion of the second round of automatic sequester budget cuts scheduled to kick in next month with more targeted cuts and spending increases. […]
The driver turnover rate at large truckload fleets dropped two percentage points to 97 percent in the third quarter of 2013, according to the latest edition of American Trucking Associations’ “Trucking Activity Report.” “Despite this dip, the market for experienced, qualified drivers remains exceptionally tight,” stated ATA’s Bob Costello. “I expect, as the […]
Kewill, which provides multimodal transportation and logistics management solutions, this week entered into a global partnership with Infor. “We are confident that the integration will provide customers with a seamless platform, improving their overall experience by combining these best-of-breed solutions,” stated John Bermudez, vice president of product management at Infor. The results […]
The U.S. International Trade Commission said imports of silica bricks and shapes from China do not hurt domestic manufacturing, even though the Commerce Department determined earlier that they are sold in the United States at less than fair value. ITC initiated its antidumping investigation of the brick imports, which are used for refractory […]
Yusen Logistics will open a 24,000-square-meter warehouse in Pokrov, a suburb of Moscow, in January. The company said that due to the growing demand for consumer goods products, especially for items such as large electrical appliances, warehouse capacity has become tight, so it is expanding operations. Combined with its second location, a […]
