Officials at DHL Express peg U.S. trade with Sub-Saharan Africa for continued growth due to the recent U.S. presidential policy directive aimed at sustainable development through trade. DHL officials say trade between Africa and Europe has decreased since 2001, just as trade with Asia has increased. The United States, the express carrier believes, […]
US Airways Group and American Airlines’ parent company have amended the merger deadline to Jan. 18, 2014, pushing it back from a mid-December deadline to accommodate the Justice Department’s antitrust trial. In a filing with the Securities and Exchange Commission, the carriers said either party may terminate the agreement up until the new deadline. […]
C.J. Wang (Wang, Chung-Jinn), chairman of Evergreen Marine Corp. (Taiwan) Ltd., died of illness on Sept. 20. He was 61. Anchor Chang (Chang, Cheng-Yung), president of the company, will temporarily handle the chairman’s duties until a new chairman is elected by the board. Wang, a graduate of the Kaohisung Marine College, started his career at Evergreen in […]
Christie New Jersey Gov. Chris Christie has vetoed a bill aimed at making it more difficult to classify drayage and parcel delivery drivers as independent contractors. In his veto message, returning the “Truck Operator Independent Contractor Act,” Christie said “the independent contractor model is a common approach by which trucking businesses engage drivers […]
IAG Cargo has launched thrice-weekly service between London-Heathrow and Chengdu, China, on Boeing 777-200 aircraft. The direct service makes IAG the only U.K. cargo carrier on the route, according to a press release. IAG officials expect to fill the planes with goods from China’s technology and pharmaceutical industries.
The cost of shipping air freight between Asia and the United States got a little more expensive in August, rising to $3.15 per kilogram from a rate of $3.06 per kilogram in July, according to Drewry. The Drewry East-West Air Freight Price Index, which averages the cost of a kilogram on 21 East-West […]
James Welch has been appointed president of YRC Freight in addition to his duties as chief executive officer of YRC Worldwide. Welch, who has worked as CEO since July 2011, takes over immediately for Jeff Rogers.
Since taking office 33 months ago, Gov. Andrew Cuomo has made infrastructure development a key component of his economic agenda, as embodied in the 2012 New York Works initiative passed by the state legislature.
The chairs of the U.S. House General Aviation Caucus, Sam Graves and John Barrow, announced Friday the group’s membership now includes more than half of the House of Representatives. Two hundred and twenty-three congressmen have joined the group, passing the midpoint split of 218 members. The General Aviation Caucus works to highlight the […]
“Fire protection systems have not yet realized that cargo is now transported in containers, as it has been for the last 30 or 40 years. Crews do not have the systems to fight fire,” warned a German insurance official.
Last spring, Canadian National considered shipping a large amount crude between Alberta and Prince Rupert, B.C., according to an internal memo obtained by Greenpeace and reported by the Canadian Press. The memos, which were obtained in March, show that Chinese-based Nexen Inc. had prodded the railroad to ship crude “in quantities matching the […]
Pasha Automotive Services and the Port of Grays Harbor on Friday announced the completion of new infrastructure promoting growth of automotive processing and roll-on/roll-off business in the Washington state port. The construction, which started in December, represents two years of planning and engineering. The port’s new $15 million rail facility was complemented by Puget […]
The so-called “BRIC” countries of Brazil, Russia, India and China are still generating attractive cargo growth, says the current edition of Drewry’s Container Insight Weekly. “Container traffic loaded and discharged in the BRIC region’s ports in the first half of the year grew by an impressive 7.1 percent year-on-year, up to 90.7 million […]
Speakers at the meeting of the International Union of Marine Insurance in London last week, warned that as use of low-sulfur fuel in ships increases, the likelihood of chronic engine failure could rise due to catalytic fines, or “cat fines,” microscopic particulates that remain in marine fuel oil as a result of the crude oil […]
Swift Transportation, the largest U.S. truckload carrier, estimated that changes to the hours-of-service rules on July 1 has reduced equipment utilization by about 2 percent year-on-year, according to a note from the investment bank Stifel. The note chronicles meetings between Swift’s executive team and members of Stifel’s transportation and logistics research group. Swift […]
Hapag-Lloyd said it had raised 250 million euros (about $337 million) through the sale of bonds to institutional investors. The bond, which has a maturity of five years, has a coupon of 7.75 percent and was several times oversubscribed. The German shipping company said proceeds will be used for general corporate purposes including about 200 […]
The U.S. International Trade Commission on Friday determined that the domestic shrimping industry is not harmed by imports of frozen warmwater shrimp from China, Ecuador, India, Malaysia, and Vietnam, which the Commerce Department had earlier determined are subsidized. Commissioners Daniel R. Pearson, Dean A. Pinkert, David S. Johanson, and Meredith M. Broadbent voted […]
A new report sponsored by DHL encourages fashion shippers to create more sophisticated, dynamic supply chains that can easily shift with consumer demand. Fashion Unleashed: Supply Chain Innovation found online and mobile retailing “has made volatility and complexity the norm rather than the exception in the fashion sector,” according to a press release. […]
The new platform, called Kewill MOVE, is intended to allow Kewill to tap into a wider base of potential users, including deeper offering for beneficial cargo owner (BCO) verticals, the logistics and trade software developer said.
Rickmers Group and funds affiliated with Apollo Global Management have created a joint venture to invest in containerships. The joint venture will initially focus on used vessels and has the capacity to invest up to $500 million, and investments are expected to be made over a period of several years. The firms said […]
