The U.S. Export-Import Bank has authorized a $640.7 million direct loan to Star Refineri A.S. of Istanbul, Turkey, which will finance the export of American-made oil refinery equipment and support about 3,000 U.S. jobs. The American-made equipment will factor in Star’s construction of an oil refinery in Aliaga, Turkey, about 30 miles north […]
“The Update, Promote, and Develop America’s Transportation Essentials Act” calls for a 15-cent gas tax to be phased in across three years. It is expected to raise $170 billion over the next decade.
The Federal Maritime Commission has released 83 pages of comments from shippers, ports, government officials and others about the proposal by Maersk, MSC and CMA CGM to create a global P3 Network on the major East-West trade lanes.
“Joint ventures are part of Zim’s ongoing strategy,” Rafael Ben-Ari, Zim’s vice president, shipping, said. “Our aim, as always, is to improve the services to our customers.” Any cooperative agreement will be subject to FMC approval.
Local union officials representing YRC employees will meet Friday in Dallas to discuss the new contract proposals made by YRC. YRC officials previously presented new contract items to the Teamsters Freight Division that would be included in a five-year contract extension. The new contract would include no wage cuts, but it would have […]
Millard Maritime, a Gulf Coast port and cargo services provider, has partnered with HELM Fertilizer Corp. to handle fertilizer products at Millard’s facility in Theodore, Ala. HELM’s fertilizer products will come from Trinidad and other locations worldwide. The new agreement takes effect upon completion of an automated bulk storage warehouse, Millard Maritime said. […]
UPS Capital, the finance arm of the giant delivery and logistics company, on Wednesday announced a new service designed to simplify how companies accept customer checks under cash-on-delivery terms. UPS said that about a third of C.O.D. shippers defer deposits of C.O.D. payments when requested by customers with cash flow concerns to maintain […]
The U.S. Commerce Department on Wednesday reported that the country’s exports of goods and services for October reached an “all-time monthly high” of $192.7 billion, up from $189.3 billion in September, with record petroleum exports.
Sweden announced Dec. 3 the launch of a new trade facilitation training facility in Arusha, Tanzania. The Swedish government, through its development agency Sida, will provide an initial grant of about $1.6 million per year for 2014-2015. The World Trade Organization, the UN Conference on Trade and Development (UNCTAD), the World Bank […]
A group of countries with a tradition in obtaining and importing illegally procured elephant ivory in Africa committed this week at the African Elephant Summit in Botswana to stiffer measures to halt this trade. The measures were agreed on by key African Elephant range states including Gabon, Kenya, Niger and Zambia; ivory transit […]
President Obama signed into law the Drug Quality and Security Act, which contains provisions for tracing pharmaceuticals in the supply chain. The new law creates a uniform, national licensing standard for wholesale distributors and third-party logistics providers to safeguard the pharmaceutical distribution system. “It replaces the fragmented and piecemeal system that differed from […]
China notified the World Trade Organization Secretariat on Dec. 3 of a request for consultations with the United States regarding the use of certain methodologies in anti-dumping investigations involving Chinese products. In its request for consultations, China alleges that the U.S. Commerce Department uses certain anti-dumping methodologies that are inconsistent with the U.S. […]
Reportedly a stolen shipment of radioactive Cobalt 60 was recovered Wednesday in Mexico, but thieves who took the material probably exposed themselves to a lethal dose of radiation when they removed it from a protective case. The Washington Post said the cargo was found near the town of Hueypoxla, about 25 miles from […]
Hapag-Lloyd and CSAV said they “are currently maintaining discussions if a possible business combination or any other form of association would be of mutual interest.” The German and Chilean container shipping companies said “to date, these discussions have not resulted in any binding or non-binding agreement between the parties.” They added in […]
In a recent study of the National Mediation Board, which resolves labor disputes and oversees union elections in the railroad and airline industries, the Government Accountability Office recommended tasking a federal agency with oversight of the board and noted that the board’s update of its strategic plan, which is required by law, is not […]
A truck carrying radioactive waste from a hospital in Tijuana, Mexico, to a waste storage center has been stolen, according to the International Atomic Energy Agency. The truck was stolen in Tepojaco, near Mexico City.
Use of social media by the U.S. transportation industry is pretty prevalent, according to a recent study by Carrier Logistics Inc. (CLI), a developer of information technology systems for freight carriers. The study determined that 68 of the top 100 freight haulers have a social media presence, while 63 percent of transportation software […]
The Port of Jacksonville said $12.4 million has been spent over the past 18 months improving the heavy lift cargo berth at JAXPORT’s Blount Island Marine Terminal. The project more than doubled the capability of JAXPORT’s Berth 31.
Logistics industry veteran Dick Metzler has joined uShip as chief marketing officer. He will be responsible for the freight exchange’s brand development, online search, business development and corporate communications. uShip is an online marketplace connecting shippers, including brokers, with transportation service providers that are rated by customers in fixed price, spot market and […]
Descartes Systems Group said it had a profit of $2.2 million in the third quarter, but said net income was negatively impacted by $600,000 by the integration of KSD Software Norway, a company it acquired in 2012.
