In 2012, the cost of operating a truck fell slightly from 2011’s result, finishing the year at an average marginal cost per mile of $1.63, according to the American Transportation Research Institute. In 2011, per-mile cost averaged $1.71. In its An Analysis of the Operational Costs of Trucking report update, ATRI wrote […]
The Containerization & Intermodal Institute (CII) will present its 2013 Connie Award to H. Winchester “Win” Thurber III, chairman and chief executive officer of Norton Lilly International, on Dec. 9 at the Newark Club in Newark, N.J. “Early on, Win Thurber was able to change the shippers’ mindset from breakbulk transport to containerization […]
The U.S. trade deficit increased by $4.6 billion to $39.1 billion in July from the prior month, according to the Department of Commerce. The change was almost entirely due to trade in goods, primarily lower exports of capital goods and automotive products, which carried a $58.6 billion deficit. The United States ran a surplus […]
The Chubb Group of Insurance Cos. has unveiled a new insurance benefit associated with IRONwatch, a freight tracking device monitored by the National Equipment Register. Chubb will now pay for the cost of activating IRONwatch if a carrier’s goods are stolen while using the system. NER staffs a 24-hour call center that […]
Just before Labor Day, the International Longshore and Warehouse Union cut formal ties with the AFL-CIO, expressing concern about jurisdictional battles with other unions as it prepares to negotiate a new contract next year.
The 10,062-TEU COSCO Asia was attacked while exiting the north end of the canal with its convoy over the weekend, though the head of the canal authority told the Reuters news agency that no damages or injuries occurred.
Meanwhile, a federal judge signed a temporary restraining order last Thursday to get longshoremen at the Wando Welch and North Charleston terminals in Charleston to return to work following a brief walkout.
The carrier will use the new ships to replace aging tonnage. “It is our estimation that the car transport market and ro/ro cargo market will steadily grow, so we will continue to develop our fleet,” a “K” Line executive said.
The shipping and logistics solutions provider CargoSmart will host a trio of seminars in September related to pending advanced filing requirements in Canada and Japan. The seminar series, “Compliance Countdown: Prepare for 2014 Advance Filing Requirements,” is designed to inform freight forwarders and non-vessel operating common carriers about upcoming customs regulations from the […]
The U.S. Court of Appeals for the Eighth Circuit has dismissed a complaint by ABF against the International Brotherhood of Teamsters for violating the National Master Freight Agreement. The appeals court simply affirmed the decision of a lower court. ABF had alleged YRC and various subsidiaries were receiving concessions from the Teamsters that […]
Hapag-Lloyd said its Brazil Express Loop 1 (BX1) service is being replaced with a new South America East Coast Service (SEC) that will use slots on the so-called “Tango” service of Hamburg-Süd and CSAV. Tango provides weekly direct connections between ports in Brazil and Argentina and ports on the U.S. East Coast. Alianca […]
Officials from American Airlines and US Airways will get their day in court a lot sooner than the Justice Department had planned, as U.S. District Judge Colleen Kollar-Kotelly Friday set the start of the department’s antitrust trial to Nov. 25. The carriers had pushed for a Nov. 12 start date, saying Justice’s request […]
Nippon Kaiji Kyokai (ClassNK), the Japanese classification society leading an investigation into the breakup and eventual sinking of the containership MOL Comfort said the analysis and investigation of the casualty will take longer than initially expected, and will delay the release of its findings. “The team, which began investigating the MOL Comfort casualty […]
Global Ports Investments said Monday it has entered into a binding agreement to acquire 100 percent of the Moscow-based terminal operator NCC Group Ltd. NCC Group’s container terminal operations are located on the Baltic Sea, the principal gateway for Russian containerized cargo. Its key assets include full ownership of First Container Terminal in St. […]
Evergreen Line has announced a transatlantic general rate increase on all commodities both eastbound and westbound, effective Oct. 1. For the transatlantic westbound, the GRI will be $150 for a 20-foot container and $250 for a 40-foot box. The eastbound GRI will be $150 for a 20-foot container and $200 for all 40-foot […]
IAG Cargo will begin direct, 787 Dreamliner service five times a week between London Heathrow and Austin, Texas, in March 2014. In May, IAG will commence a daily offering. With the flights, officials expect to tap into Austin’s growing high-tech trade. The service will also benefit shippers transporting goods from Mexico to […]
Global air cargo activity ticked up 1.2 percent in July, year over year, making a slight improvement from June’s 0.9-percent result, according to data released by the International Air Transport Association. July’s result, which relied on growth in the Middle East and Europe to overcome sluggish Asian activity, was good for the highest […]
DHL Freight has unveiled an less-than-truckload European service that offers day-definite lead times and priority service. Eurapid is now available for shipments of up to 2.5 tons traveling within 14 countries across Europe. According to DHL officials, more service areas will open up in the next few months. “Our customers want higher […]
The six members of the U.S. International Trade Commission unanimously voted to instruct the Department of Commerce to continue its antidumping investigation of ferrosilicon from Russia and Venezuela, saying there is reasonable evidence so far that the products are being sold in the United States at less than fair value. Ferrosilicon is an […]
Exel Direct has been renamed MXD Group by owner Platinum Equity, who purchased the final-mile delivery firm from a DHL subsidiary in May. “The transition to new ownership has been good for our business and is opening up many exciting opportunities,” the firm’s president and chief executive officer, David Vieira, said in a […]
