“This has been a difficult process that was greatly assisted by the support of the membership,” the union said. “The 96.7 percent strike mandate delivered a strong message to everybody at the bargaining table.”
The Japanese classification society Nippon Kaiji Kyokai (Class NK) is proposing safety measures following its own investigation of the MOL Comfort casualty this summer and the deliberations of a “Committee on Large Container Ship Safety” that was established by Japan’s Ministry of Land, Infrastructure, Transport and Tourism. The 7,041-TEU MOL Comfort cracked in half […]
Reinhart The Virginia Port Authority Board of Commissioners on Thursday voted to hire shipping executive John F. Reinhart as chief executive officer of the Port of Virginia. Two weeks ago, Reinhart announced his retirement at the end of January as president and CEO of Maersk Line, Ltd., (MLL) the U.S.-flag subsidiary of Denmark’s A.P. […]
In the third quarter, Con-way reported a $5.3-million improvement in net income, year over year, as operating income rose by 22.6 percent to $67.7 million. Revenue stayed flat, year over year, at $1.4 billion. Con-way Freight saw higher operating income and revenue, year over year, with increases of 4.8 percent and 49.7 […]
Three congressmen have proposed legislation that would block the restart provision in the hours-of-service rules until an independent review of the rationale used by the Department of Transportation for its decision is conducted.
International traffic has been in decline due to the contents of many 40-foot international containers being immediately transferred to domestic 53-foot units at seaports, but during the third quarter, international volume grew 2 percent.
The American Institute for International Steel (AIIS) said U.S. steel exports increased in August compared to July by 5.5 percent, but were down compared to August 2012 by 2.1 percent, according to government data released late due to the partial government shutdown in October. “The increase in August was due to a jump […]
TNT Express has received all regulatory approvals for the sale of its Chinese domestic road operations to private equity funds managed by CITIC PE. The sale occurred on March 28. Details of the transaction were not disclosed. The domestic operations were unloaded as part of TNT Express’ ongoing turnaround plan, which also […]
Marking the one-year anniversary of the U.S.-Panama trade agreement entering into force Thursday, U.S. Trade Representative Michael Froman highlighted significant increases in American shipper activity to the Central American country. Some of the U.S. goods to experience an uptick to Panama are primary and fabricated metal products, processed food, petroleum and coal products, and apparel […]
The Virginia Port Authority Board of Commissioners late this morning voted to hire shipping executive John F. Reinhart as chief executive officer of the Port of Virginia. Reinhart two weeks ago announced his retirement at the end of January as president and CEO of Maersk Line, Ltd., (MLL) the U.S.-flag subsidiary of Denmark’s […]
Japan’s three large shipping companies — NYK, MOL and “K” Line — all reported better results for the periods ending September 30, when compared to the prior year, largely because of improvements in bulk shipping operations.
Trade officials, enforcement bodies and private sector experts examined regulation and administrative procedures among APEC members in a two-day workshop in Kuala Lumpur this week.
“Partnerships must be based on respect and trust. This is the contrary of spying and control,” Viviane Reding, vice president of the European Commission, said recently.
The deal, which the carrier said will result in $55 million to $65 million in annual savings, will take effect Nov. 3. It includes an immediate 7-percent wage reduction, a decrease in vacation time and various other concessions.
YRC officials and the International Brotherhood of Teamsters will meet in Dallas on Nov. 5 at YRC’s request for what is being called a “company update.” YRC’s current agreement with the Teamsters expires March 31, 2015. According to a YRC press release, “Company leadership will be briefing local and national Teamster leadership […]
After six months of work, an ad hoc panel of the House Transportation and Infrastructure Committee on Tuesday announced a series of recommendations for improving the nation’s freight transportation system, but despite the apparent lack of significant new ideas or direction on how to raise revenue for stressed infrastructure, members and outside freight advocates insisted the report was a […]
The U.K. P&I Club said a recent incident in which containers of crab shell meal caught fire due to self-combustion has highlighted safety issues with the substance, which is used as both a component in feed and for fertilizer. “Crab shell meal is not classified as a dangerous cargo such as fish meal, […]
China Shipping Container Lines Co. Ltd. said it had a net loss of 404 million yuan renminbi (RMB) in the third quarter ending September 30 compared to a net profit of 1 billion RMB in the same same 2012 period. The company had total operating revenue of 8.96 billion RMB in the third […]
Following its first development in Jacksonville, CEVA Logistics has opened its second Center for Logistics Excellence in Singapore. The new center has been created to tap into a Development Bank of Singapore estimate that Asia will house more than half of the world’s consumers by 2020, CEVA officials said. “Singapore is an […]
International Bunkering, one of the world’s largest bunker and lubricant trading companies, has acquired U.S. bunker brokerage firm Glander International. All brand equities will be transferred from both companies and incorporated into the new company, Glander International Bunkering, from Nov. 1, the company said. “Clients will enjoy access to more in-depth knowledge, […]
