“After 42 years of dedicated service to the maritime industry here in San Pedro Bay, I have decided to retire as executive director of the Port of Los Angeles and pursue other interests,” said Geraldine Knatz in a statement.
Accenture on Thursday acquired the outsourced procurement services provider Procurian in a $375 million deal that looks set to shake up the business process outsourcing (BPO) market for procurement. Procurian provides procurement technology and consulting services (including transportation and logistics) to a range of verticals, and is seen by most analysts as the […]
Assembled parties have been debating the issue during the event, which ends Friday, weighing the options on the table and formulating a sufficient policy to satisfy EU regulators, who tried to address the issue with an emissions-trading scheme.
A team of shipping, offshore and finance professionals have announced plans to establish Maritime & Merchant Bank (M&M), a niche financial institution, based in Norway, that will serve the shipping and offshore industries.
U.S. carriers will benefit down the road from the sale of Vitran’s domestic less-than-trailerload services, according to an industry update by Cowen and Co. Vitran sold its U.S. business last month to an entity controlled by Matthew Moroun for $2 million. Industry watchers have already opined that Vitran’s Canadian LTL business could be next. […]
Panalpina is realigning its regional hierarchy, adding a fourth region in January and announcing the appointment of a chief commercial officer, Karl Weyeneth. The new MEAC region will consist of the Middle East, Africa and India, which until now, had been part of the European region. “On the one hand this will […]
Menlo Worldwide Logistics has opened a 1,692-square-meter warehouse in Brisbane, Australia, and promoted Greg Brown to manager of operations for Australia. The operation will provide warehousing, supply chain engineering, transportation management to B2B (business-to-business) retail customers at the facility. “The opening of this multi-client facility is a direct result of our growth in the South Asia […]
The Chilean carrier said an agreement with six banks will finance 60 percent of the cost for seven 9,300-TEU ships and the other 40 percent will come from a capital increase of $330 million carried out by the company last month.
The effect of the partial federal government shutdown is having an impact on businesses as many of the behind-the-scenes functions deemed “non-essential,” but critical to commercial transactions, have ceased.
A program to allow cold-treated blueberries and grapes from Peru and Uruguay to be directly imported to South Florida began Oct. 1 and area ports and businesses say it could be expanded to cover fruits from other countries.
National Shipping of America, which in May started a fortnightly service between Houston and Puerto Rico, said it will add a southbound call to the Florida port, enabling it to offer fast transit from the mainland to the Caribbean island.
The South Carolina Public Railways has changed its name and those of each of its operating divisions to the Palmetto Railways to provide a unified brand for marketing its freight rail lines and streamline administrative functions. A state-owned utility, Palmetto Railways is a division of the South Carolina Department of Commerce. South Carolina […]
The World Shipping Council (WSC) this week said that its membership elected six executives to new two-year terms on its board. The new members are Randy Chen, Wan Hai Lines; Morten Engelstoft, Maersk Line; Ottmar Gast, Hamburg Süd; Ulrich Kranich, Hapag-Lloyd AG; Andy Tung, Orient Overseas Container Line (OOCL); and Xu Minjie, COSCO […]
The third party logistics company C.H. Robinson Worldwide said this week it has bolstered its anti-cargo theft strategy by joining CargoNet to provide customers with sensitive and high value freight with a proactive approach to strengthening security. CargoNet is a division of Verisk Crime Analytics, a Verisk Analytics company. CargoNet is centered on […]
Container carriers are revising upward planned increases in freight rates from the Far East to Europe. Maersk announced on Sept. 17 a general rate increase of $600 per TEU beginning next month. The carrier has now revised that GRI increase to $950 per TEU, effective Nov. 1. Maersk’s revised GRI will apply to […]
In September, IAG flew 467 million cargo ton kilometers, a 7.2 percent drop from the same period last year. So far this year, IAG has seen its cargo tonnage down 8.2 percent from 2012. Cargo revenue for September is down 4.1 percent, and for the year, revenue is off 2012’s mark by […]
UPS is taking its cold-chain offerings to the sea with plans to roll out a temperature-sensitive shipping program for ocean freight early next year. The announcement coincides with UPS’ expanded cold-chain offerings, Temperature True(r) Plus and Standard, which are already live. The Plus offering covers strict temperature ranges and a high level […]
The cloud-based software provider Logistical Labs on Wednesday released a new freight pricing and modal selection tool that leverages big data and social collaboration for quicker and more accurate pricing information. The product, LoadDex, is aimed at providing shippers and third-party logistics providers with faster, more accurate freight pricing. LoadDex aggregates pricing information […]
Yusen Logistics has established a sister corporation in Cambodia and will begin operations in the area Nov. 1. While the freight forwarder has had a major presence in the country since an office opened in Phnom Penh in 2011, recent growth has made it possible to spin off the Yusen Logistics (Cambodia) company, officials […]
The Highest Economic Court in Kiev has tossed out United International Airlines’ case against Swissport, voiding rulings made by two lower courts and sending the issue back to the Kyiv City Economic Court for further review. The case revolves around Swissport’s former Ukrainian entity, which is now doing business as Interavia, and UIA’s […]
