The U.S. Export-Import Bank said it has adopted revisions to its environmental procedures and guidelines governing “high-carbon intensity projects” in effort to reduce overall pollution and continue to support American exports. “Since 2009, we have supported nearly 1.2 million jobs” related to U.S. exports, said Fred P. Hochberg, bank chairman and president, in […]
Gary Locke, the U.S. ambassador to China, applauded achievements made by AmCham Shanghai this year and also placed emphasis on U.S.-China relations in a speech made Thursday, as he prepares to step down early next year. “A prosperous China is good for the United States, and a strong U.S. economy is good for […]
John Porcari, who has served as the deputy secretary of transportation for four and a half years, is stepping down at the end of the year, and Victor Mendez will take over as acting secretary.
Airlines are expected to see a global net profit of $12.9 billion for 2013, improving to a net profit of $19.7 billion in 2014, according to IATA. In September, IATA had anticipated profits of $11.7 billion in 2013 and $16.4 billion in 2014.
BNSF’s long-time Chief Executive Officer and Chairman Matthew Rose will step aside Jan. 1. Carl Ice, the current president/chief operating officer, will become president and chief executive officer.
Andrew Herdman, director general of the Association of Asia Pacific Airlines, Wednesday reiterated his support for a third runway at Hong Kong International Airport, the busiest cargo airport in the world. In 2012, 4.03 million tons of cargo passed through HKIA, and Airports Council International has ranked Hong Kong as the top cargo […]
Crowley Maritime Corporation’s liner services group has added 537 new refrigerated cargo containers in order to serve produce customers in Central America, Puerto Rico and the Caribbean. The additions will expand the fleet by 200 units and will replace another 337 aging units. “The acquisition of these containers is part of our […]
November cargo volumes for American Airlines are up nearly 17 percent versus November 2012, as reported by AMR Corporation. The numbers were released prior to the close of its merger with U.S. Airways on Dec. 9. “We’re very pleased with the legacy American achieving its seventh consecutive month of year-over-year traffic growth,” said […]
Air Transport Services Group announced has agreed to acquire a 25-percent interest in West Atlantic AB of Gothenburg, Sweden. The strategic partnership, expected to close on Jan. 2, will allow ATSG to expand air cargo opportunities in Europe, the company said. As Europe’s largest regional cargo aircraft operator, West Atlantic, through its two […]
Interbake Foods and Norse Dairy Systems, a division of Interbake, have begun to utilize LeanLogistics’ LeanTMS technology. LeanLogistics is a global solutions provider of transportation management system applications and supply chain services. The companies implemented LeanTMS Software-as-a-Service transportation technology to manage truckload, intermodal and less-than-truckload modes. “Interbake implemented LeanLogistics’ solutions due […]
Cargolux turned out a record month in November, carrying more than 74,000 tons of freight on its worldwide network, a 27-percent increase compared with November 2012. In addition, the company earned revenues of more than $200 million, making November the airline’s best month revenue-wise in its history. Traffic on the airline’s European and […]
The Chinese city of Xian, which is in the Shaanxi province, plans to build an inland port that will focus on international logistics, according to a report by China’s state news service, Xinhua. The port will “link the overland international freight route of silk road economic belt,” reports Xinhua. The port will “develop […]
Kuehne + Nagel has expanded its logistics operations space in Belgium. On Wednesday, the company finished the second phase of its Geel facility was inaugurated, expanding the development’s 45,000 square meters of space to a total of 65,000 square meters. An area of 10,000 square meters is specifically designed to meet requirements of […]
TNT Express has expanded its Express Freight service to 10 additional countries, bringing its global coverage to 80 countries. The expansion includes business locations in North America, and the company said customers shipping to the Middle East and South America will also benefit. “Offering Express Freight to more destinations internationally gives customers additional […]
The industrial rebirth in the Gulf region, new domestic energy production, and the steady rise in U.S. exports has benefited the Port of New Orleans the past 18 months, and Louisiana state officials are laying the groundwork to grow cargo volumes further, Port Director Gary LaGrange told business leaders last month in his annual state-of-the-port […]
Siim Kallas, the vice president of the European Commission responsible for transport, told a Danish publication that the proposed P3 Alliance between Maersk Line, MSC and CGM CGA is “a very good idea.”
The South Carolina State Ports Authority’s James Newsome said he hoped the P3 would be approved in some form, but said ports that are in close proximity may file agreements with the FMC to create “a reasonable conterveiling power.”
The former president of ACI – North America laid out a path for increased infrastructure spending that would eliminate the federal grant program for the largest 30 airports by 2016 and raise the meager passenger ticket tax.
The G6 carriers — APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK, and OOCL — filed their agreement on Dec. 2, and it is slated to go into effect Jan. 16 unless the FMC delays that date by asking for additional information.
International freight volumes are expected to grow 17 percent over the next five years, according to the International Air Transport Association’s “2013-2017 Airline Industry Forecast.”
