Members of the International Longshoremen’s Association will vote today, Aug. 30, on a new local contract. While union members have continued to work and are covered by the coast-wide master contract approved by the ILA in April, they twice rejected a local pact. Two weeks ago, the ILA President Harold J. Daggett […]
Drewry Maritime Equity Research said valuations of the two big South Korean liners indicate they are in poor financial health. However, HMM, part of the giant Hyundai Group, said it was prepared to weather financial adversity.
Domestic Class I railroads transported 108,605 carloads of crude in the second quarter, a record result that is 11.8 percent higher than last quarter, according to the Association of American Railroads. When compared to the same period in 2012, this year’s result showed 111 percent growth. Even with these large numbers, the transportation […]
Responding to customer demand, the air freight and express wholesaler Air Menzies International has commenced offering its products, which include airport-to-airport and door-to-door services, in Miami. AMI also has gateways in Atlanta, Chicago, Dallas, Los Angeles, Houston and New York. “Miami was a gap in our USA coverage that we have now […]
Old Dominion has been chosen as the 74th company in the 2013 edition of Fortune magazine’s list of 100 fastest-growing companies. On a three-year average, Fortune found Old Dominion has achieved a 21 percent revenue growth and a 68 percent profit growth. Across that time span, the company’s total return has grown by […]
The International Longshoremen’s Association, and the group that represents their employers, the U.S. Maritime Alliance (USMX), have agreed to rescind an Aug. 6 letter that threatened containers would not be loaded on leased chassis that were not repaired by ILA members. David Adam, USMX chief executive officer, said the letter was rescinded “for the […]
Through the Clinton Global Initiative Commitment to Action, six supply chain partners have launched the National Supply Chain Network Initiative, which aims to help smaller manufacturers get connected with larger firms as suppliers. The initiative also strives to provide greater access to innovation for smaller links in the supply chain, providing direction and […]
The value of freight carried between the United Sates, Canada and Mexico by surface transportation modes in June dipped 1 percent from June 2012 to $77.6 billion. Overall, freight values moved by all modes between North American trading partners dipped 0.8 percent to $93.5 billion, according to the U.S. Bureau of Transportation Statistics. […]
The Israel-based container shipping company said it had EBITDA in the second quarter of 2013 of $36 million, compared to a negative EBITDA of $6 million in the previous quarter and $46 million in the second quarter of 2012.
CargoWise, a technology solutions provider to logistics service providers, said CMA CGM Logistics will adopt ediEnterprise through WiseCloud across its offices in 50 countries over the next 18 months, following two successful pilots. CMA CGM Logistics is a subsidiary of the CMA CGM Group, the world’s third largest container shipping company. The […]
CEVA Logistics has opened a cold-chain facility targeted at the pharmaceutical industry at its Miami hub. The development includes a 3,000-square-foot area for cargo that needs to be stored between 15 degrees and 25 degrees Celsius, and a 1,000-square-foot space for the storage of goods in a range spanning 2 degrees to 8 […]
The world’s third largest container carrier said Thursday it had a consolidated net profit of $268 million in the second quarter, up from $169 million in the same 2012 period.
The railroad on Tuesday identified projects in Washington, Montana and North Dakota that will receive a portion of its record $4.3 billion for capital investment in 2013. It said the expansion is needed to keep up with demand.
Agricultural shippers are questioning whether market conditions are such that a planned westbound rate increase announced by the Transpacific Stabilization Agreement (TSA) on Tuesday will stick, said Peter Friedmann, executive director of the Agriculture Transportation Coalition (AgTC). Friedmann said Wednesday a number of agriculture exporters have told him they are skeptical that the market […]
Private equity investor Wilbur Ross is one of the backers behind a new shipping company planning to build eight 64,000-deadweight-ton dry bulk carriers. Nautical Bulk Holdings Ltd., a newly formed Bermuda-based company, announced Wednesday it has raised in excess of $100 million of equity capital to fund the construction of the eight ships by […]
PTA Holdings is predicting its third quarter revenues, when announced, will show a 20 percent increase from the previous quarter, according to the firm’s vice president, Tim Norton. “As announced earlier, we have added additional tractors and trailers during the quarter that will enhance the expansion of and profitability of our Iowa and […]
Old Dominion has released a smartphone app that allows shippers to view their cargo details and receive shipping estimates. Customers can also schedule pickups, view bills of lading, and find the closest service center. “We are always looking for how we can better serve our customers and use technology to offer the best […]
DHL Global Forwarding is adding two new offices to its existing seven offices in Indonesia, expanding its operations to Manado and Palembang. The new offices, which will open before the end of 2013, are part of a large push by DHL into Indonesia that will see more offices open up in the next […]
The Hazardous Materials Emergency Preparedness grants, which are issued by the department’s Pipeline and Hazardous Materials Safety Administration, comes from user fees paid by hazardous materials carriers.
The United States and Uruguay this week signed a memorandum of understanding to enhance trade facilitation between the two countries. Uruguay is an important emerging trading partner for the United States in South America, and is the only non-free trade agreement country included in the Pathways to Prosperity (Pathways) Customs Modernization and Border Management […]
