The new DOT secretary, who has only been in office for 10 weeks, never mentioned freight movement in his remarks, but at the same event a FRA official said the Obama administration wants to invest more in freight rail.
The Guysborough district has finalized the sale of waterfront lands in Melford, Nova Scotia, where Melford International Terminal Inc. (MITI) and its partner Maher Terminals are planning to build a box terminal.
The Memphis, Tenn.-based package delivery and freight transportation company said profit grew to $489 million and operating income reached $795 million, while operating margin edged up from 6.9 percent to 7.2 percent.
Third party logistics services provider OIA Global has acquired majority control of Bellville International Ltd., a freight forwarder based in London. Bellville International is the holding company for Bellville Rodair International in Europe, the United States, China and Brazil. Financial terms of the deal were not disclosed. “This acquisition is very strategic for […]
Mediterranean Shipping Co. has announced a rate hike on export cargo from the United States, Canada, and Mexico to North Europe, including the Baltic and Scandinavia, of $100 per 20-foot container and $150 per 40-foot container, starting Oct. 14.
Chilean liner carrier CSAV said because of China’s “Golden Week” holiday in October seven sailings have been canceled.
The U.K.-based Baltic Exchange on Tuesday opened a new office in Shanghai. The bulk shipping exchange, whose members comprise the world’s leading shipping, chartering and brokering companies, provides data on the cost of moving bulk commodities such as iron ore, coal and oil by sea. The exchange is best known in China […]
The development of the port located on the Aguadulce peninsula at the port of Buenaventura will be done in three phases. The first phase will yield an annual capacity of 450,000 TEUs with two vessel berth positions.
Salvage crews righted the wrecked cruise ship Costa Concordia on Tuesday, more than 20 months after it capsized off the coast of Italy’s Giglio Island. Crowley Maritime’s Titan Salvage is overseeing the project. A Website devoted to the project, including a time-lapse video, can be found here.
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service said peaches and nectarines from California and the Pacific Northwest are now allowed entry across all of Australia. “The first shipments of peaches and nectarines from California successfully landed in Australia, passed inspection, and are on their way to markets for Australian […]
The so-called “Maritime Goods Movement Act for the 21st Century” was developed to eliminate incentives for shippers to bypass U.S. ports and move their goods through Canada and Mexico ports instead.
Shippers voiced concerns about bigger containerships and larger carrier alliances last week during a panel discussion at the South Carolina International Trade Conference. Pointing to the proposed P3 alliance of Maersk, Mediterranean Shipping Co., and CMA CGM, the expansion of G6 alliance to include not only the Asia-Europe trade, but also services between […]
Eivind Kolding became renowned in the container shipping industry, not just for heading the biggest single operator between 2006 and 2011, but for unveiling a bold set of directives aimed at improving customer service.
U.S. containerized imports in August rose 0.5 percent year-on-year, to 1.6 million TEUs, to nearly hit a high for 2013, according to statistics from the trade intelligence firm Zepol Corp. Only July saw a higher number of import TEUs. “The holiday import months of July and August were 1.5 percent higher in volume […]
Under Secretary of Commerce for International Trade Francisco Sánchez on Monday signed a memorandum of intent (MOI) with the American Chamber of Commerce (AmCham) Shanghai to expand collaboration between the United States and AmCham Shanghai. The agreement is intended to enhance trade between the United States and China. “AmCham Shanghai offers a unique […]
During a visit to the Port of Savannah on Monday, Vice President Joseph Biden made an impassioned appeal for investment in transportation infrastructure, saying efficient highways, railroads, ports, and inland waterways provide such an obvious economic benefit that they should rise above partisan politics when Congress makes funding decisions. “Where do people go to […]
The port’s total volume surged 13.4 percent to 630,292 TEUs for the month, the highest total since October 2007, compared to the Port of Los Angeles, which saw total volume rise 0.4 percent in August to 709,676 TEUs.
The International Air Cargo Association said the new regulations, which take effect on July 1, 2014, fall outside industry goals of “a common, unified approach to global security standards.”
Matson said it, not its customers or Hawaii taxpayers, will cover the costs associated with the Honolulu Harbor molasses spill response. On Sept. 10, Matson said a leak in a molasses pipeline near Pier 52 that is used to load the sweetener into special tanks in container vessels leaked and that as much […]
EU government support programs contribute to high overall supplies of olive oil. Many small EU growers rely on costly traditional methods of production and have costs that are at or above global prices, the agency found.
