Non-asset based companies that manage domestic freight moves are a growing force within the trucking sector as they move beyond dry-van truckload and become a go-to resource for smaller shippers, analysts say.
Quarterly revenue of $14.6 billion for the group was down less than 1 percent, and the company said increased profit was achieved at all its businesses except Maersk Oil and Damco.
In the bankruptcy filing, the company said the Air Mobility Command’s decision to cancel expansion flying for next year will cut into revenues and create overcapacity in the military cargo charter industry.
The American Institute for International Steel has appointed Richard Chriss as its new executive director, replacing David Phelps, who is retiring. Phelps served as the AIIS executive director and later president for the past 17 years. Chriss’s previous assignments include managing international trade policy for Sen. Charles Grassley from 1999-2003 and also […]
In the third quarter, Deutsche Post DHL experienced a 3.4-percent jump, year over year, in adjusted revenues during the third quarter due to higher volumes in the German parcel business. Operating earnings ended the quarter at 646 million euro, a 7-percent rise compared to the third quarter of 2012, and net profit ticked […]
Piraeus Container Terminal (PCT), a wholly-owned subsidiary of COSCO Pacific Limited, and Piraeus Port Authority have proposed to amend a 2008 concession agreement relating to Piers 2 and 3 in the port. COSCO’s law firm, Holman Fenwick Willan, said, “If the proposed amendments to the concession agreement are approved by the Greek Court […]
The airlines will divest 52 slot pairs at Washington Reagan National Airport, 17 slot pairs at New York LaGuardia, and two slot pairs each at airports in Boston, Chicago, Dallas, Los Angeles and Miami.
The National Transportation Safety Board last week recommended Department of Transportation audits of the Federal Motor Carrier Safety Administration‘s oversight process in the wake of four deadly crashes that the agency investigated. It said the findings from those investigations raise serious questions about the monitoring and enforcement of compliance with motor carrier and bus […]
“Heartland acquires a major presence in the West, affording the combined customer base significant capacity nationwide through what is expected to be one of the five largest asset-based truckload fleets in North America,” the CEO said.
Business leaders question direction of Republican Party. The extreme conservative faction of the Republican Party — better known as the Tea Party — was largely responsible for the recent government shutdown and brinksmanship over the nation’s debt limit. A majority of the public has laid blame for the shutdown at the feet of the Republican Party, […]
Ocean liner carriers “have had little choice but to focus on cost savings and increased efficiency as their strategy,” said Christopher Koch, president and chief executive officer of the World Shipping Council.
The Port of Oakland said Friday it has completed construction of its shore power infrastructure that will allow ships to “cold iron” — plug into electricity generated on shore rather than running shipboard diesel engines to produce power. The ports said it has committed to reducing seaport-related diesel emissions by 85 percent by […]
Stacy Lange, director of key accounts for Xenon FS, said shippers should more closely manage drayage services, especially with the Federal Motor Carrier Safety Administration stringently enforcing new truck safety programs.
Import volume at the nation’s major retail container ports grew 6.5 percent in October compared to the same month last year despite the government shutdown, and year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and […]
Hapag-Lloyd said it had profit in the third quarter of 16.6 million euro ($22.31 million), compared with 45.6 million euro in the same period last year, but said freight rates were “very disappointing.” The Hamburg-based carrier said its profit came “primarily as a result of substantial cost reductions.” Revenue in the third […]
In a statement, Delford Smith, Evergreen’s chief executive officer, passed off the press reports of Evergreen’s demise as simple rumors, but an internal memo said the company will close on Nov. 30.
AirBridgeCargo Airlines carried 92,000 tons of cargo during the third quarter, a 3-percent, year-over-year increase. Traffic ticked up 18 percent during the quarter with a 15-percent rise in capacity. Average load factors rose to 78 percent. During the third quarter, the airline saw dividends from its program to promote Russian imports, carrying […]
The price of a barrel of crude oil could drop as low as $80 by next summer, Stephen Schork, editor and publisher of the Schork Report, said Monday on Al Jazeera America‘s “Real Money” program. West Texas Intermediate oil futures traded at about $95 on Monday, down almost $20 since the beginning of […]
At this pace, President Barack Obama and Vice President Joe Biden should be eligible to become honorary port directors. On Friday, the Port of New Orleans served as the backdrop for the president’s speech about his economic agenda and the importance of exports as a means for creating jobs. It is the fifth port the two […]
New Zealand’s Ambassador to the United States, Mike Moore, met with officials from Holt Logistics, the Philadelphia Regional Port Authority and New Zealand Dairy Cooperative Fonterra while touring the Packer Avenue Marine Terminal in Philadelphia on Friday, according to Holt. Philadelphia is a primary import destination for New Zealand products, including dairy, apples, kiwi and forestry […]
