If the P3 Network is approved by antitrust authorities, its members — Maersk, MSC and CMA — will have “two large competitive advantages over their closest competitors,” said SeaIntel Maritime Analysis.
Canada Pacific earned a record CAN$1.5 billion ($1.44 billion) in revenues during the third quarter, a year-over-year increase of 6 percent, on 6-percent lower operating expenses. Net income during the quarter rose 45 percent to $324 million. The company also announced that Chief Financial Officer Brian Grassby is retiring at the end […]
Starting April 13, 2014, the federal government will no longer print traditional lithographic (paper) nautical charts, but will continue to provide other forms of nautical charts, including print-on-demand charts and versions for electronic charting systems. The National Oceanic and Atmospheric Administration’s Office of Coast Survey, which creates and maintains more than a thousand nautical […]
CargoWise has developed a new customs-compliant software module to meet the needs of its Canadian customers as they brace for upcoming changes to the country’s customs procedures.
“Improving Working Conditions in the Ready-Made Garment Sector” focuses on minimizing the threat of fire and building collapse in ready-made garment factories and on ensuring the rights and safety of workers.
The supply chain commerce solutions provider Manhattan Associates reported record operating profit in the third quarter. The company, which provides a range of software solutions, including transportation management, said operating profit rose by 34.4 percent to $32 million in the quarter. Revenue rose by 12.5 percent to $107.8 million. “We’re pleased with […]
The Indianapolis International Airport has recently commissioned what’s considered to be the largest solar project at a U.S. airport so far, with an output of 12.5 megawatts of electric power. The project was developed in partnership with General Energy Solutions, Telamon Corp., Johnson Melloh Solutions, Indianapolis Airport Authority and Indianapolis Power & Light […]
According to Drewry, the portion of containers that are 40-foot high-cubes has risen from 41 percent in 2007 to 49 percent, and this percentage is expected to grow by at least one percent this year.
During the incident, which happened near the city of Gainford on Saturday, 13 cars derailed, four of which were loaded with crude oil, with the remainder carrying LNG. No crude oil cars were compromised, and no injuries occurred.
CMA CGM said it is investing in a new information system and has “entered into a strategic partnership” with SAP “to develop the first system totally dedicated to container shipping” to be implemented by the end of 2015. “CMA CGM and SAP plan to give the new application innovative, original and global functions […]
The survey, sponsored by Penske Logistics, found that 3PL CEOs in North America, Europe and the Asia-Pacific are generally optimistic about company and industry growth prospects over the next three years.
The Port of Long Beach handled 587,114 TEU in September, 14.7 percent more than in September 2012. Volumes of containers holding imports and exports as well as empty containers were all up over last September’s levels. Imports increased 16.2 percent to 307,981 TEU; exports rose by 17.2 percent to 134,676 TEU; and empties […]
Hillwood Properties — developer of the 18,000-acre, mixed-use AllianceTexas development in north Fort Worth — said it will build a speculative, 1 million-square-foot industrial building, called the Alliance Center North 2, and Gateway 57, a 310,000-square-foot industrial facility. Also announced previously as a speculative build, Alliance Center North 1 will be completed as […]
American Airlines Cargo has expanded its 737 cargo service from Hartford, Conn. The airline now flies three daily departures out of the city to Dallas-Fort Worth, and one departure each to Los Angeles and Miami. According to officials, tender times at the Hartford facility for unscreened and screened ConfirmedFS products are 240 minutes […]
The Federal Maritime Commission has reached seven compromise agreements recovering a total of $617,500 in civil penalties. The agreements were reached with nine non-vessel-operating common carriers (NVOCCs) and freight forwarders located in the U.S. and abroad. The agreed penalties resulted from investigations conducted by the FMC’s area representatives in the Seattle, South Florida, […]
Cordero Federal Maritime Commission Chairman Mario Cordero is asking fellow regulators in the European Union and China to join with him in a global regulatory summit on the proposed P3 Network of the world’s three largest container carriers — Maersk Line, CMA-CGM and MSC — on the major east-west trade lanes. The summit […]
Hidden in last week’s law to reopen government at existing funding levels and raise the nation’s debt is a provision raising the cap on allowable spending for the Olmstead lock and dam project on the Ohio River in Illinois to $2.9 billion from the current $1.56 billion. The U.S. Army Corps of Engineers […]
While industry change comes in the form of challenges like competitive pressure from railroads, high fuel costs and the worsening driver shortage, ATA President Bill Graves also said governmental change has a huge impact on trucking.
Trade across U.S. borders is growing, but money spent on infrastructure is not keeping pace, according to a report by the Coalition for America’s Gateways and Corridors. In Connecting North America: U.S. Road Border Needs, the organization found that the U.S. must make a commitment to improving the flow of goods across all […]
A rise in trade between Asia and North American helped raise air cargo rates on East-West trade lanes in September for the second straight month, according to Drewry’s East-West Air Freight Price Index. The average rate for a kilogram of cargo ended the month at $3.24, rising $0.10 over last month. The price […]
