In the third quarter, Pacer International experienced a jump in income from operations of more than $2 million compared to the same period last year, but saw a $98.9-million decline in revenues, year over year, due to a Mexican cross-border agreement with Union Pacific. While this new agreement reduced revenues because Pacer no […]
ABF Freight System and the International Brotherhood of Teamsters reached yet another contract extension Friday, allowing for negotiations to continue until Nov. 2. ABF and the Teamsters decided on a five-year national agreement on June 27, but still have not come to terms on the final two supplements of the deal, which was […]
Old Dominion has moved its Asheville Service Center, which it has maintained in North Carolina since 1997, to a larger facility. The 43-door space employs 33 people, and officials say the new space will fuel the company’s expansion into the western part of the state. The Asheville Service Center is one of eight […]
The Waterfront Commission of New York Harbor will hold November hearings on the New York Shipping Association and International Longshoremen’s Association’s request to add longshoremen, and checkers and clerks to area terminals.
The Marine Engineer’s Beneficial Association said Jesse M. Calhoon, its longest-serving president “who is widely credited with ushering the union into the modern era,” died October 22.
OOCL lifted 1,349,205 TEU in the third quarter, 0.9-percent less volume than in the same period last year, according to a filing by its parent company, OOIL, with the Hong Kong Stock Exchange. OOCL’s container volumes were down 3.5 percent in the transpacific and down 14 percent in the Asia-Europe trade, but were […]
Due to growth in its air and ocean segments, Panalpina saw its gross profit rise to CHF 403 million ($450.95 million) in the third quarter, a year-over-year increase of 6 percent. Revenue ended the quarter at CHF 1.7 billion, a decrease from the $1.72 billion generated during the same period last year. Taking […]
Grant programs to assist with local levee safety and a loan guarantee for governments completing water infrastructure projects are just two differences between the Senate’s water bill and the House version.
Airfreight prices out of Asia are starting to rise, as capacity on all-cargo planes has become harder to find in the past two weeks, signaling the possible start of a late peak shipping season, according to logistics executives and analysts who keep close tabs on industry developments. The market for spot rates out […]
The Virginia Port Authority Board of Commissioners has scheduled a special meeting next Thursday to vote on the recommendation of its search committee for a new executive director. The VPA, in a statement, did not name the winner of the job search, but indicated that Chief Financial Officer Rodney Oliver, who has led the […]
Quality One Wireless, LLC, has acquired $2 billion competitor Personal Communications Devices, LLC, for more than $125 million through a bankruptcy auction.
FedEx expects to move more than 22 million shipments on Dec. 2, its projected busiest day of the year, but UPS still expects to come out ahead, saying it will handle more than 34 million packages on its peak day, Dec. 16. The FedEx projection would top last year’s record of 19.9 million […]
All-cargo carrier Cargolux said Monday it has started a second 747-8 freighter service from Hong Kong to Vienna, Austria, in response to customer demand. Service to Vienna is on Thursdays and Saturdays to support imports of high-tech products and textiles from China. Return flights are expected to carry healthcare products, heavy machinery, spare […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is amending its regulations to allow the cold treatment of imported fruits and vegetables upon arrival at the MidAmerica St. Louis Airport in Mascoutah, Ill., effective Nov. 25. “We have determined that there are biological barriers at this port that, along with […]
“As I explored retirement options, we searched for a buyer that would provide the best home for our customers and employees,” said Jim Keller, president of KFS, in statement.
The U.S. trade deficit in goods remained virtually flat in August, increasing by $100 million from July to $58.2 billion, as exports decreased by $300 million to $132.4 billion; imports decreased by $100 million to $190.7 billion.
Officials at the Maasvlakte II terminal have negotiated a three-year collective labor agreement with two Dutch unions, FNV and CNV. The new terminal has been in the testing phase since July 2013 and will open in November 2014.
The global trade management solutions provider Amber Road said Wednesday that Xylem Inc., a global water technology company, has implemented Amber Road’s Export On-Demand solution to automate all aspects of export compliance for 300 worldwide users in 150 countries. The implementation took place with five separate ERP systems across Xylem’s business units in […]
The Port of Cleveland said it plans to start a regularly scheduled express ocean shipping service between Cleveland Harbor and Europe in April. It will be the only scheduled international container service on the Great Lakes.
Panalpina has agreed to pay $35 million in a preliminary agreement to settle a class-action lawsuit brought by airlines against a large number of freight forwarders. The 2008 suit alleged that Panalpina and others violated the Sherman Antitrust Act by engaging in fixing surcharges. A case over price-fixing was settled with the Department […]
