FedEx and the Export-Import Bank have partnered to provide small- and medium-sized U.S. exporters wider access to banking services. When a customer now talks to a FedEx representative, the shipper will be given information about how the Ex-Im Bank can help protect their goods in the international marketplace. If desired, the customer will […]
The cloud-based global rate management solution and confidential network provider CargoSphere said this week that Steam Logistics has implemented its system and achieved a 20-percent quote conversion rate. Steam provides ocean and air freight transportation services, forwarding, and customs house brokerage, and is an affiliate of Access America Transport, a third-party logistics provider. […]
The transportation division of Walker SCM, LLC, a Valley Stream, N.Y.-based global transportation and logistics firm has selected CargoWise to provide its enterprise transportation management system. Walker will use a customized version of CargoWise’s ediEnterprise system. “For years, we relied on a system that, although enhanced by developers, was no longer able […]
In a Nov. 5 meeting between the two parties, YRC Worldwide and the International Brotherhood of Teamsters agreed to enter into formal negotiations to extend their current contract.
The European Commission is looking into a 200 million pound ($321.42 million) loan for state-owned LOT Polish Airlines granted in June by the Polish government to see if the deal runs afoul of EU state aid rules. If the aid is deemed illegal, according to reports, LOT will have to file for bankruptcy […]
C.H. Robinson saw its total revenues increase by 15.1 percent in the third quarter, jumping from $2.88 billion in the 2012 period to $3.32 billion. For the first nine months of the year, revenues are up by 14.4 percent. The company’s ocean and customs segments showed the biggest net revenue growth during the […]
Triton Overseas Transport and FPS Rotterdam will launch a weekly LCL import service Nov. 15 from to Port of Rotterdam to the Port of Houston. The service will connect Europe to Arkansas, California, Louisiana, Oklahoma and Texas. “We are very excited to launch the new import service from Europe,” Triton’s chief executive […]
Freight shipments and expenditures fell in October by 3.5 percent and 2.6 percent, respectively, when compared to September’s results, according to Cass Information Systems, which blamed the government shutdown.
The 4,922-TEU containership MOL Caledon is expected to dock this evening at DP World’s London Gateway, making it the first ship to call the terminal, which is the first new port in the United Kingdom in 20 years. The ship, which is coming from Cape Town, will reach London at between 5 p.m. […]
The Mexican military and federal police have taken control of the port city of Lazaro Cardenas. CNN said a government spokesman told it that “the Mexican navy, army, federal police and attorney general’s office swept into both the port and city of Lazaro Cardenas on Monday, relieving local law enforcement of its duties.” […]
China Air Express Co and the U-Freight Group have linked up as strategic partners to see how they can expand services both internationally and domestically within China, with a focus on business-to-business cargo deliveries. By entering into the partnership, Beijing-based China Air Express gets to boost its network of expedited freight services, and […]
Abnormally wet conditions in the Midwest have led to high moisture levels in grain, which must be dried before it is stored to prevent rotting. Processors use propane gas to fuel grain dryers.
The major rewrite of pilot training rules stems in part from the crash of a Colgan Air commuter plane in icy conditions in 2009 and a subsequent congressional mandate to enhance pilot training.
The $1.5 billion replacement of the Goethals Bridge calls for a six-lane, cable-stayed bridge with five-foot-wide shoulders. More than $30 billion in goods is said to cross the bridge each year.
Horizon’s president said the improvement was “driven largely by reduced vessel charter expense, increased non-transportation revenue, lower dry-dock transit and crew-related expenses, and reduced overhead.”
The company’s freight brokerage business generated a revenue of $152.6 million, a 374.4-percent increase from the 2012 period, and revenue for the expedited transportation segment ticked up 5.7 percent to $25.1 million.
The container terminal has a designed capacity of 2.8 million TEUs and is designed to service the world’s mega container vessels. The terminal is expected to commence operations in 2014.
Expeditors International of Washington said it had a profit of $92.4 million in the third quarter of 2013, 4-percent more than the $88.5 million earned in the same 2012 period. Total revenues of around $1.5 billion for the third quarter were about the same as in the same 2012 period, up less than […]
If the carriers want the Department of Justice to drop its antitrust lawsuit opposing the carriers’ $11 billion merger, the airlines will have to agree to a few concessions, according to Attorney General Eric Holder.
Clean Energy Fuels Corp. said last week that it has placed a purchase contract on property in Jacksonville, Fla., where it hopes to build a liquefied natural gas (LNG) fuel terminal. Clean Energy said it would be the first LNG facility on the Eastern seaboard to specifically supply LNG for the maritime, heavy-duty […]
