Bailey Shipping acquired the drybulk carrier Max on Aug. 16, 2007 from Wave Navigation, an entity which owned the vessel since 2000. (Wave was not a party to this lawsuit.) The American Bureau of Shipping surveyed the ship before the sale in February-March 2006 at Piraeus, Greece, and again in February 2007 at […]
DP World says London Gateway’s proximity to population can reduce costs. London Gateway, DP World’s new terminal, is scheduled to start regular operations Nov. 7 when the Southern Africa Europe Container Shipping Service (SAECS) shifts its U.K. port call from Tilbury, which is just a few miles upriver on the Thames. (The terminal did have […]
Proximity to transportation hubs prime criteria for CenterPoint. Paul Fisher, chief executive officer of real estate development company CenterPoint Properties, recalls traditionally his peers would look at a new 33-foot clear building, with trucks docked in a particular way, leased 10 years to a high quality “credit tenant,” and call it a “Class A” building. […]
Intemodal firm sees growing demand for drayage services from shippers. RoadOne IntermodaLogistics, formed earlier this year through the purchase of the former RoadLink transportation division, sees increased demand for drayage services, not just from transportation providers, but also from direct importers and beneficial cargo owners. “Our primary core business is going to be intermodal […]
By Tom Nightingale The great management scholar Peter F. Drucker wisely stated, “The purpose of business is to create and keep a customer.” There are two equally important sides to that statement…
Ports worldwide — including those in the developing markets with their vast mineral resources to export — have a need to accommodate larger ships. However, the cost to build terminals, as well as dredging and maintaining channels to reach them are undoubtedly enormous.
Canadian airport is a heavy-lift magnet, but seeks more mainstream freight. In Western Canada, Calgary may be the top airport for heavy-lift cargoes, but it still plays second fiddle to British Columbia’s Vancouver International Airport when it comes to handling general air freight. With significant flows from Asia and a strong passenger belly operation, […]
In its recent Pulse of the Online Shopper survey, UPS found U.S. e-commerce spending grew by 15 percent in 2012 to $186 billion, vastly surpassing the growth rate of traditional retail, and a chunk of this activity is fueled by air freight. While shippers trading down for cheaper transport options may hit the […]
Amid tight budgets, U.S. Customs sets aggressive schedule to complete long-delayed IT project. It’s been a marathon, but the finish line is finally coming into sight for U.S. Customs and Border Protection’s massive systems modernization project known as ACE. More than a dozen years and $3.1 billion since development of the Automated Commercial Environment began […]
The ongoing synchronization of border management between the United States, Canada and Mexico to make trade and travel more efficient and secure is a good model for developing a global standard for supply chain regulation, Thomas Winkowski, acting commissioner of U.S. Customs and Border Protection, said Sept. 23 in Washington. If customs administrations […]
There’s been a lot of attention paid in the last year to Japan’s new so-called 24-hour rule, which is designed to give Japan’s customs and security officials the same types of early access to ocean cargo documentation that the United States has had for years.
Software provider acquisition adds compliance capability in world’s biggest export market. The strength of any provider in the global trade management (GTM) space is typically measured on two axes — the robustness of its technology and completeness of its content. If a provider has a robust platform and invests in the people and expertise to […]
Acquisition of sourcing specialist Procurian opens opportunities for logistics clients. In the past two months, two major procurement-related deals have underscored the value in this stage of supply chain management. American Shipper dissected the topic of spend management solutions provider SciQuest’s $43 million acquisition of procurement and sourcing software provider CombineNet in its October […]
By Walter Kemmsies, chief economist, Moffatt & Nichol As the United States struggles to recover, it is clear that increasing exports, supported by larger vessels to offset high fuel costs, can help the process; however, investment needed to support this activity goes beyond making seaports capable of handling the larger vessels…
Retailers collaborate on standard process for security audits of overseas factories. Several major U.S. retailers have banded together and harmonized how they conduct security audits of foreign suppliers to make it easier for all parties to meet the guidelines of the Customs-Trade Partnership Against Terrorism. Trade compliance officers involved in the process spoke with […]
Significant turnover rates are returning to large truckload companies, and the American Trucking Associations said it’s creating a tight market for qualified drivers. During the second quarter of this year, turnover at these carriers rose by two percentage points to 99 percent on an annualized basis, according to the ATA’s Trucking Activity Report. […]
An early October news report in the Irish Independent newspaper said one of two small rockets fired by al-Qaida terrorist affiliate Al-firqan Brigade at the vessel COSCO Asia as it transited the Suez Canal on Aug. 31 struck a container filled with smuggled cigarettes. The illegal cargo had a reported street value in […]
The National Customs Brokers and Forwarders Association of America honored Al Gina, who recently retired as assistant commissioner for international trade at U.S. Customs and Border Protection, during its annual Government Affairs Conference in Washington on Sept. 23. Gina, a native New Yorker and die-hard New York Jets fan, received two standing ovations […]
When Mumbai, India-based Allcargo Logistics, the parent company of Ecu-Line, announced it acquired a 100-percent interest in Econocaribe Consolidators, it furthered the ongoing trend of consolidating the ocean freight consolidators. Allcargo said Econocaribe is the third largest U.S. non-vessel-operating common carrier. Based in Miami, Econocaribe has nine U.S. offices and 22 receiving terminals […]
