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, […]
Bogatch-Genossar The New York/New Jersey Foreign Freight Forwarders and Brokers Association has named Lea Bogatch-Genossar, ZIM’s Americas, Canada and Caribbean Area President, their Person of the Year. She will be honored at the 97th annual association dinner on January 22, 2014, at the Marriott Marquis Hotel in New York. “Lea Bogatch-Genossar is […]
In September, global freight ton-kilometers rose by 0.5 percent, year over year, following a 3.4 percent rise in August. Even with this worldwide slowdown in cargo activity, volumes are still showing increases.
By sharing vessel space, the carriers said they will increase total capacity in the trade by using two 2,500-TEU-capacity vessels, resulting in a more efficient operation and reduced carbon emissions in the lane.
A study conducted by the Universidade Estadual de Londrina in Brazil that found commercial truck drivers in Australia, Latin America and the United States are users of drugs and alcohol has been called misleading and unscientific by the American Trucking Associations. ATA said the Brazilian university based the study on self reporting and […]
“Based upon this outcome, there will be no strike by employees in the affected region or anywhere else in the ABF nationwide system,” the carrier said in a statement.
FESCO Integrated Transport North America has launched a new regular container service from North America to St. Petersburg, Russia, from the ports of New York, Norfolk and Charleston with weekly frequency.
China Cosco Holding Co. Ltd. said it had a net loss of 737 million yuan renminbi (RMB) ($121 million) in the third quarter, compared to a 1.1 billion RMB loss in the same 2012 period. Revenue in the quarter was 15.9 billion RMB compared to 19.1 billion RMB in the third quarter of […]
NOL Group, the Singapore-based parent of the container liner company APL, on Wednesday reported a net profit of $20 million for the third quarter of 2013, down from $50 million in the same 2012 quarter. Revenue in the third quarter was $2.1 billion, down 10 percent from the third quarter of 2012. In […]
