U.S. Customs and Border Protection announced Tuesday it has postponed its annual Trade Symposium, scheduled to take place Oct. 24-25 in Washington, because of the two-week long government shutdown.
The effect of the mooted P3 alliance between liner carriers Maersk Line, Mediterranean Shipping Co., and CMA CGM could be more aggressive pricing behavior, according to Tan Hua Joo, executive consultant for Alphaliner. Speaking Wednesday at the TPM Asia conference in Shenzhen, organized by the Journal of Commerce, Tan argued the alliance would […]
FESCO Integrated Transport North America has launched a new regular container service from North America to the Russian Black Sea ports of Novorossiysk and Sochi where the 2014 Winter Olympic games will be held Feb. 7-23. FESCO will offer service as a non-vessel-operating common carrier every nine days from the ports of New York; […]
In September, domestic intermodal costs fell 0.5 percent, year over year, and declined 1.2 percent month-to-month, according to Cass Information Systems. Rates have stayed extremely competitive despite a rise in volumes brought on by a shift away from long-haul truckload, it said. Linehaul rates rose 1.7 percent, year over year, and 2.7 percent […]
The Port of Savannah used its new barge crane for the first time last month to unload a 100-ton, 92-foot-long yacht from a Zim liner vessel, the Georgia Ports Authority said Monday. The Savannah Giant, which entered service in August, has a capacity of 500 short tons. The crane was stationed alongside the […]
Non-vessel-operating common carrier CaroTrans has started a direct Los Angeles-to-Suva, Fiji less-than-containerload service. The NVO said the typical transit time to this market has been reduced from 32-36 days to 12 days via this new service. Expedited and bonded on forwarding from Suva to markets Nadi and Lautoka are offered, CaroTrans said. […]
The third party logistics provider Load Delivered Logistics has opened a Los Angeles-based office to tap into growing demand from West Coast shippers like customers Mary Ann’s Baking Co. and popchips. Load Delivered said over the past year it has experienced a 28 percent increase in its western U.S. business. “Part of our core philosophy is […]
For exports to the Far East moving through U.S. West Coast ports, the general rate increase is $80 for 20-foot dry boxes and $100 for other size dry boxes, including 40-footers, 40-foot high cubes, and 45-foot high cubes.
For the first nine months of the year, the Swiss forwarder saw earnings before taxes increase by 6 percent to CHF$561 million ($612.83 million) over the same period last year, despite reduced volume in its sea freight business.
The airline holding company said its subsidiaries are making serious efforts to improve cargo service despite the recent announcement that Air France and KLM will phase out their four Boeing 747 all-cargo planes by 2015.
TNT Express has added 900 European locations to its 12:00 Express and 12:00 Economy Express programs, offering customers more guaranteed morning delivery services across the continent. Customers can now receive packages before noon on the next business day in 26 European countries and 63 countries worldwide. The Economy Express service is used for […]
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.
