Employees offering cargo-handling services are among the lowest paid workers at domestic airports, and for the past two years, these workers have experienced below-average wage growth. In “Course Correction: Reversing Wage Erosion to Restore Good Jobs at American Airports,” published by researchers at UC-Berkeley, the authors found that these wages fell by 14 […]
Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased a corporate bond placed in June 2013 by 50 million euros ($67 million) to 225 million euros in a private placement to institutional investors. Rickmers Holding intends to use the net proceeds from the second tranche to finance […]
American Shipper, in partnership with the Retail Industry Leaders Association (RILA), surveyed more than 350 shippers and third party logistics providers about their global transportation management technology, global footprint, and data quality. Key themes include: What constitutes visibility in global transportation management Whether shippers are seeing ROI from visibility The extent to which shippers and […]
The Port of Long Beach is ready to meet California’s mandate for at least half of all container ships to run on shore-side electricity at berth beginning Jan. 1, 2014. The port said work is getting done ahead of the state’s deadline and under budget. “With three months to go, we’ve completed […]
Hutchison Port Holdings (HPH) said it had profit of 966.3 million Hong Kong Dollars ($124.6 million) in the third quarter ending September 30, about 2 percent less than the profit earned in the same 2012 period. Revenue in the same period was 3.36 billion Hong Kong dollars, up 1 percent. Hutchison said […]
The Maryland Port Administration and the French Port of Calais have signed a Memorandum of Understanding formally committing both port authorities to cooperate on potential business opportunities. The port authorities said the agreement could lead to joint marketing efforts, data sharing on future trade flows, and the exchange of information on training programs. Cargo […]
Non-vessel-operating common carrier Vanguard Logistics Services announced customers will be able to book their cargo to worldwide destinations from India on the NVO’s bill of lading and have 24-hour access to the status of their cargo as it moves through its global network. “We listened to our customers’ needs and have now structured […]
“The timing of these increases is important, as prevailing spot market rates have a very strong influence on contract rates, for which negotiations are presently getting underway for 2014 calendar year,” the firm said.
Evergreen said Sun Right, a 4,229-TEU chartered containership in its fleet, has sustained mechanical problems off the coast of California while on an eastbound voyage (Voyage No. 0607-119E) in the company’s NUE (North Asia-US East Coast) trade route. The ship is being towed to the Port of Los Angeles for necessary repairs and […]
“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.
