The lawsuit claims the commission, which was created in 1953 to fight corruption, “has gone off the rails to pursue a future role for itself that is well outside the purposes and goals that led to its creation.”
CMA CGM, the world’s third largest container shipping company, said it had a profit attributable to shareholders of $70 million in the third quarter, compared to $363 million in the same 2012 period. Revenues in the third quarter were $4.1 billion, down 2.1 percent from the $4.2 billion reported in the same period […]
The Department of Transportation’s new National Freight Advisory Committee on Thursday unanimously recommended that Congress pass legislation to ensure the full amount of Harbor Maintenance Tax collected each year from seaport users is spent for dredging to keep shipping channels at their maximum authorized depth, according to the American Great Lakes Port Association. […]
Air France-KLM-Martinair Cargo has flown four full freighters’ worth of Beaujolais Nouveau wine around the world in November. Bottles of Beaujolais Nouveau, which are sold in the same year they are harvested, are released for sale each year on the third Thursday of November. In order to get the wine to market in […]
The investment banking firm Jefferies cautioned, however, that it thinks “most of the cost savings potential may have been exhausted, particularly after a steep cut in fuel consumption in 2013.”
In October, FreightWatch International recorded 52 thefts, down from 84 incidents in September and 74 in August. During the past three months, thefts were down by 9 percent compared to the preceding three-month period, but the average value skyrocketed by 58 percent. Thefts involving the food and drink sector accounted for 22 […]
The European Commission said it has “opened formal antitrust proceedings against several container liner shipping companies to investigate whether they engaged in concerted practices, in breach of EU antitrust rules.”
The U.S. International Trade Commission voted to investigate imports of certain windshield wipers — “flat blades” or “beam blades,” as referred to by the automotive industry — and related components. The investigation is based on a complaint filed by Trico Products Corp. of Rochester Hills, Mich., on Oct. 21. The complaint alleges patent […]
The U.S. and Moroccan governments Thursday signed a Trade Facilitation Agreement with a focus on improving transparency of customs practices between the two countries. The deal builds on the United States-Morocco Free Trade Agreement.
The U.S. Department of Transportation announced that a $275 million loan under the Transportation Infrastructure Finance Innovation Act (TIFIA) has been issued to Georgia to build new reversible lanes along Interstates 75 and 575. The 29.7-mile-long project will relieve congestion along the heavily trafficked corridor during morning and evening peak periods, DOT said. […]
A Port of Cleveland official said the service will be the “fastest and greenest route” between Europe and North America’s heartland, allowing regional companies to potentially ship goods four days faster than using routes via East Coast ports.
CSX has designated the Wasden Road/I-65 industrial site in Montgomery, Ala., a CSX Select Site, and announced that a counter manufacturer will build its first U.S. facility at the Belfast Commerce Centre, a new site in Bryan County, Ga.
UPS will increase its ground and air freight rates for shipments between the United States, Canada and Puerto Rico by an average of 4.9 percent starting Dec. 30, while DHL will raise its rates by 3.9 percent in the U.S. starting Jan. 2. In June, UPS implemented a general rate increase for […]
Paul N “Chip” Jaenichen, the acting head of the U.S. Maritime Administration (MarAd), told the U.S. Senate Committee on Commerce, Science, and Transportation that if he is made the permanent Maritime Administrator he intends to focus on identifying ways to revitalize the U.S. Merchant Marine. At a nomination hearing on Thursday, Jaenichen said, […]
Diamond Logistics Northwest has leased 18 acres from the Port of Quincy, an inland intermodal port in Washington state, to expand its capability for cross-docking and consolidating perishable loads, the company recently said. The property is located in the Port of Quincy’s Industrial Park #6 and is next to the new Amway Nutrilite […]
Rupert Hogg has been selected as the new chief operating officer of Cathay Pacific Airways and will take up the position from Ivan Chu in March. Hogg will also become a director of the airline. Chu has been promoted to the airline’s chief executive position, a move that was announced in August. The […]
“Despite October’s month-to-month decrease, we saw a very robust year-over-year increase; I’m seeing some good signs out of the trucking industry that suggests the economy may be a little stronger than we think,” ATA’s Bob Costello said.
U.S. authorities have seized more than 200,000 toy dolls from China at several ports of entry this year because of high concentrations of phthalates, a group of banned chemical compounds. U.S. Customs officers, assisted by the Consumer Product Safety Commission, confiscated 10 shipments valued at almost $500,000 at the ports of Chicago; Dallas; […]
Envirotainer has opened a service center in Singapore, and the company is planning to open offices in Vienna and Amsterdam by next summer. The Singapore location is the second office to be completely owned by the ULD firm, but it brings the company’s service to more than 50 airports. In addition to […]
Members of European Parliament have approved a deal with European Union states on the Connecting Europe Facility, which will have a budget of 29.3 billion euro ($39.45 billion) over the next six years. The facility will reserve 23.2 billion euro to improve transportation throughout Europe, with the goal of removing bottlenecks, streamlining cross-border […]
