Genesis Energy is planning to break ground on a crude oil railroad unloading facility in Raceland, La., at a price of less than $75 million. When completed in 2014, the facility will be capable of processing two train units per day.
Seago Line, A.P. Moller – Maersk’s intra-European and Mediterranean carrier, said it will stop accepting cargo to and from Iceland on Oct. 1. “These changes follow an extensive review of the commercial and financial viability of our existing service offerings,” the company said. It said bookings that have already been made, as […]
U.S.-flag freighters plying the Great Lakes carried 10.3 million tons of dry-bulk cargo in July a 2.2 decrease compared to the same month in 2012, the Lake Carriers’ Association said Friday. The July float was also down 6.6 percent from the month’s long-term average. Limestone shipments took the biggest hit, dropping 20 percent […]
Con-way subsidiary Road Systems, a producer of trailer equipment, has changed its name to Con-way Manufacturing. In a statement, Lynn Reinbolt, Con-way Manufacturing’s president, said the firm, which was founded in 1977, has been known informally as Con-way Manufacturing for a while now, and the time for an official change was overdue. […]
The U.S. Export-Import Bank has authorized a $105.4 million loan to Space Communication Ltd. of Ramat Gan, Israel, to finance the Space Exploration Technologies (SpaceX) launch of the Amos-6 communications satellite, the purchase of American made-solar arrays, and insurance brokered by Marsh USA. The transaction is Ex-Im Bank’s third related to a SpaceX launch, and […]
The Shanghai Container Freight Index fell 33.33 points to 1083.99 last Friday. The index, which measures spot rates from Shanghai to different parts of the world, was down on major trade lands to Europe and the United States. “Despite recent spikes upwards courtesy of the GRI (general rate increase) program, it seems this […]
Richard H. “Dick” Suddath, founder of the Jacksonville, Fla.-based Suddath Cos., died Saturday morning. He was 94. “Many of you knew him in his more vibrant years, yet even in his early nineties his personality was easily recognized. With his passing, we mourn the loss of a visionary, great friend, leader, mentor and community […]
A new study says that increasing the depth of the shipping channels in the lower Mississippi River to 50 feet could create thousands of new jobs and billions of dollars in additional U.S. exports. The study, The Economic Impact of Deepening the Mississippi River to 50 Feet, was done by Tim Ryan, a […]
Boston Consulting Group said that by 2020, a growing U.S. cost advantage in labor and energy could help the U.S. capture $70 billion to $115 billion in annual exports from other nations and create 2.5 million to 5 million jobs.
The Port of Houston Authority will seek $300 million in private funding to support its investment plan, which is expected to top $3 billion over the next 15 years. The authority’s commission authorized the deal at its monthly meeting. At the meeting, the commission also allocated funds to the Army Corps of […]
The supply chain consulting firm enVista said this week it has partnered with Avercast, an inventory forecasting and demand planning solutions provider, to allow users to add demand planning and sales and operations planning (S&OP) to their enterprise resourcing planning (ERP) platforms. Avercast provides planning functionality that works with Microsoft Dynamics AX, one […]
Container volumes at the Port of Charleston grew 3 percent in July to 136,159 TEUs, the port’s strongest July result since 2008 and a 20-percent increase from July 2011. Year to date, the port has handled 925,075 TEUs.
The Department of Justice had requested that the trial start in 180 days. Carrier officials said that time frame is much too long since American is still facing bankruptcy proceedings.
To address public health concerns, the Trans-Pacific Partnership has proposed a regulation for trade in tobacco. “This proposal will, for the first time in a trade agreement, address specifically the public health issues surrounding tobacco — preserving the ability of the United States and other TPP countries to regulate tobacco and to apply […]
Thieves hit a last-mile courier van carrying pharmaceuticals in Modesto, Calif., Thursday. Nearly 30 similar thefts have occurred in the U.S. so far this year. In 2012, 12 last-mile courier thefts occurred around the nation.
The Federal Maritime Commission said that on July 25 it revoked the ocean transportation intermediary license of Transporte Medrano, Inc., doing business as Medrano Express. “Medrano Express is no longer authorized to provide ocean transportation services. Consumers and businesses should not tender cargo to Medrano Express or its agents for the international shipment […]
Military and law enforcement authorities from the United States and Thailand on Tuesday conducted a table-top exercise in Bangkok on how to interdict cargo vessels at sea suspected of carrying weapons of mass destruction, delivery systems or related materials, as part of the Proliferation Security Initiative. It is the first PSI event to […]
The Israeli carrier said this week it has launched a new service between Miami, Santo Tomas de Castilla in Guatemala and Puerto Cortes in Honduras, joining other carriers, including Evergreen and Hapag-Lloyd.
As spot market capacity ticked up 0.3 percent last week compared to the week prior, average prices for van and flatbed services dropped 0.5 percent and 1.4 percent, respectively, according to analyst DAT.
Swire Shipping said it will begin offering service to both the east and west coast of South America through partnership arrangements with CCNI. “Inward and outward shipments to/from South America will be transshipped via Los Angeles or Asia to provide the fastest transit times to our customers with both hubs offering weekly connections […]
