After starting a phased move-in this past February, Cathay Pacific Airways, Dragonair and Air Hong Kong have completed the transition to their new HK$5.9 billion ($760.87 million) cargo terminal at Hong Kong International Airport. The hub will be able to handle 2.6 million tons of cargo annually. Previously, HKIA’s yearly cargo capacity stood at […]
Clarkson Securities, which helped pioneer container freight swaps, is getting out of the business because of a lack of volume. In late April, a joint venture by ACM Shipping and broker GFI Group also exited the container derivatives business. “We persevered for four years,” said Alex Gray, chief executive officer of Clarkson […]
Peel Ports said work has begun on constructing the quay wall at the new Liverpool 2 Container Terminal. The terminal, being built at a cost of 300 million pounds ($480 million), will provide a new 854-meter quay wall, at which two post-Panamax containerships of up to 13,500 TEUs will be able to dock. […]
Railroad carriers are keeping prices steady despite uncertainty in the market stemming from the weak economy, modal shift and political factors, according to a recent survey of rail shippers conducted by Cowen and Co.
cargo-partner has opened a new branch in Vietnam, hoping to tap into the many garment companies based in the area. The company will offer both air and sea freight forwarding, warehousing, and customs clearance services from the new location. “We view Vietnam as a rapidly growing market of the future,” Stefan Krauter, […]
The story “Cold train transload” in the October issue (pages 14-18) of American Shipper profiles a new company named Green Express that intends to sell wholesale transport of refrigerated boxcars. Green Express is not affiliated with Cold Train, an existing intermodal service run by Rail Logistics.
DOE diesel fuel data suspended. One of the less obvious results of the partial U.S. government shutdown is that agencies are not releasing monthly data about the economy, such as the Labor Department’s job growth report. The data is important for economists and businesses to understand where the economy is going during a sputtering recovery. And, […]
A lack of government appropriations has caused the National Transportation Safety Board to suspend around 1,500 active incident investigations and delay investigations into 13 accidents, covering both transportation and non-transportation events. It’s not possible to investigate these incidents because the government shutdown forced the agency to furlough 383 of its 405 employees, according […]
The Copenhagen-based consulting firm said a comparison of freight forwarders and carriers between 2008 and 2012 found the volume of cargo arranged by large forwarders was more volatile than that moved by carriers.
Palmetto Railways last week announced the $10 million purchase of the remaining 50 acres of what is known as the Noisette property on the former Navy Base in North Charleston, which is being developed into a container terminal.
Liner carrier APL has put its newest containership, the 9,200-TEU APL Savannah, into service in the transpacific. The vessel, the fifth of a series of 12 on order, will operate between Asia and the United States on the South Asia Express (SAX) service, rotating ports in San Pedro, Busan, Kaohsiung, Chiwan, Yantian and […]
While intermodal growth has remained steady at a rate of between 3 percent and 5 percent year over year, Nate Brochmann of William Blair & Co. said bringing midsized shippers into the fold will help increase that growth moving forward.
IAG Cargo has opened a pharmaceutical facility at London Heathrow Airport, expanding further its Constant Climate service. The warehouse can store goods at ranges between 2 degrees Celsius and 8 degrees Celsius, or between 15 degrees Celsius and 25 degrees Celsius. “This new facility underpins just how important the pharmaceutical market is […]
Damco, the forwarding arm of the A.P. Moller Maersk, has appointed Tommy Mølgaard as its global chief financial officer. Mølgaard was previously head of corporate finance at another Maersk subsidiary, APM Terminals. He has more than 20 years of experience in finance at a senior level in the logistics sector. He gained extensive experience […]
Molasses was released in early September into Honolulu Harbor from a pipeline system operated by a Matson subsidiary, and the company said it is fully cooperating with regulators involved in responding to and investigating the spill.
The International Brotherhood of Teamsters Tuesday sent out strike ballots to employees of the Central Region Local Cartage supplement of less-than-truckload carrier ABF. Votes are expected to be counted on Oct. 29.
APM Terminals on Friday held a formal contract signing with the Van Oord-BAM consortium for the construction of the new Moin Container Terminal in Costa Rica. The conortium has been awarded the contract for the construction of the first phase of the TCM, which is expected to begin in the first quarter of […]
“Shippers are rightly worried about the potential of the P3 to eliminate effective competition in the world’s main liner trades,” said Chris Welsh, head of the Global Shippers’ Forum. “We therefore need an in-depth assessment of the P3.”
UPS has expanded its preferred less-than-containerload service offering from Asia into the Mexican cities of Guadalajara, Mexico City and Monterrey. Officials say this offering delivers time-in-transit improvements of 20 percent over the typical delivery to Mexico due to the use of the integrator’s LCL network and its CrossBorder Connect service. “We continue to see […]
Spot market freight rates fell 5.3 percent in September, while load availability declined for vans and flatbeds but rose slightly for refrigerated trailers when compared to August, according to DAT. Load availability declined 4.6 percent for flatbeds, but rates fell 8.1 percent compared to August. Van availability fell 1.6 percent, as rates gained […]
