The supply chain design software provider LLamasoft has released a whitepaper detailing the benefits of simulating supply chain performance. The paper describes how shippers and logistics services providers can gain insight into how a supply chain might react to various circumstances. “By creating a detailed model of the end-to-end supply chain that […]
A slight improvement is around the corner at Cargolux, but this will be fueled more by freighter capacity exiting the market than a turnaround in cargo activity. This loss of capacity isn’t a short-term phenomenon, either.
Truck rates have increased by at least 1.6 percent since the Federal Motor Carrier Safety Administration’s new hours of service rules went into effect July 1, but the rule has caused an industry-wide productivity loss of between 3 percent and 5 percent, according to DAT’s Mark Montague. “That means the carriers will be […]
In 2013, global air cargo traffic increased just one percent, the equivalent of about 51 million tons of freight carried, according to the International Civil Aviation Organization. In addition, ICAO reports that the Asia/Pacific region is still the world’s largest air transport market based on this year’s numbers, with a 31-percent share of […]
Foxx U.S. Transportation Secretary Anthony Foxx has granted a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $452 million to finance the Downtown Crossing section of the Louisville and Southern Indiana Ohio River Bridges Project. “The Ohio River Bridges project will help residents and businesses get where they need to go faster […]
Senate Confirms Johnson to lead DHS. By a vote of 78 to 16, the U.S. Senate voted Monday to confirm Jeh Johnson as secretary of homeland security. President Obama nominated Johnson two months ago. He will be responsible for border security, disaster preparation and response, immigration control, cyber security, infrastructure protection, and aviation security. […]
The Export-Import Bank of the United States has voted to guarantee a $44.8 million loan extended by G.E. International to Mashav Initiating and Development that will assist in the export of power-plant equipment to Israel. The exports include one GE LM6000 PF Sprint gas-turbine generator set manufactured by GE Packaged Power and two […]
A job dispute at Portland’s container terminal has been resolved. Work involving plugging in and unplugging refrigerated containers will be assigned to workers represented by the International Longshore and Warehouse Union Locals 8 and 40.
Gulftainer said this week that it seeks to become one of the six largest container terminal operators in the world, establishing 35 terminals handling 18 million TEU by 2020. The company will handle 6 million TEU this year.
According to reports, despite a loss of $67 million in the first three quarters of this year, Evergreen “might post a profit for the whole of this year thanks to gains from disposing of a number of shipping containers from its subsidiary.”
Exports drove improvements in container volumes at several major U.S. ports in November from the same month a year ago, as import traffic decelerated with the end of the traditional peak shipping season that runs from August through October. November imports are typically destined for store shelves in January. The Port of […]
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.
