A researcher at MIT has developed a test for small and midsized companies to determine if they should expand their business international. The study by Donald R. Lessard, which was commissioned by DHL Express, found that firms should analyze value propositions using the “RAT Test” to see if they are “Relevant, Appropriable and […]
Port Freeport in Texas has reached a $19.6-million settlement in the Velasco Terminal Phase 1 Berth 7 project — a development, started in 2007, that showed signs of stability issues once it was completed. “These funds came as a result of a mediated settlement between all parties and insurance proceeds,” Glenn Carlson, the port’s […]
Improperly weighed boxes present safety hazards for ships, their crews, other cargo on board, workers in port facilities handling containers, and on roads. These containers also lead to incorrect ship stowage and accidents.
Third party logistics services provider Norbert Dentressangle has secured a three-year contract worth more than 100 million pounds ($155.9 million) with fashion retailer ASOS for distribution center management in the United Kingdom. Norbert Dentressangle has been managing ASOS’ global fulfillment center — a 1.1-million-square-foot facility that the fashion firm will soon expand by […]
Balder, a self-unloading bulk carrier owned by the Norwegian shipping company Torvald Klaveness and managed by CSL, has become the first vessel to operate in the U.S. Emissions Control Area using a scrubber manufactured by Norway-based Clean Marine. Using the Exhaust Gas Cleaning System allows the ship to remove sulfur from exhaust and […]
Det Norske Veritas Group finished the first half of the year with revenues of NOK 6.67 billion ($1.08 billion), a year-over-year growth of 16 percent fueled primarily by oil and gas, and maritime growth. DNV’s net profit rose from NOK 202 million during the first half of 2012 to NOK 417 million during […]
The Waterloo, Ontario-based company has been profitable for 35 consecutive quarters, with CEO Art Mesher saying its operating margin has surpassed projections, and it has cash to invest in further acquisitions.
A decade ago CFOs took aim at their supply chains to reduce inventory levels and take cost out. With inventory levels near historic lows the finance department is now chasing other opportunities to reduce costs and increase cash flow. However, American Shipper’s research demonstrates that many shippers have achieved mixed results working with finance. This […]
American Shipper Research Director Eric Johnson will host an interactive discussion with Philip Damas and Martin Dixon of Drewry Supply Chain Advisors. The presentation will draw on airfreight pricing data published in its Sea & Air Shipper Insight, container shipping rates published in its Container Freight Rate Insight and the World Container Index. Key discussion points will […]
A fire aboard a Maersk Line container vessel that began Aug. 30 continues to burn, though crews have it mostly contained, the line said in an update Tuesday. The 6,802-TEU Maersk Kampala was stricken by the fire near the southern entrance of the Suez Canal, with poor weather the evening of Aug. 30 […]
SciQuest, Inc., a provider of cloud-based spend management solutions, on Tuesday acquired the sourcing software provider in a deal worth $43 million, including $26 million in cash with the rest in common stock.
Taking a page from the motor carrier industry’s use of cab deflectors to smooth air flow over trailers, the railroad introduced technology designed to make double-stack intermodal trains more aerodynamic and reduce fuel use.
The U.S. Export-Import Bank entered its first marketing partnership in Iowa to help the Midwest state’s small and midsized companies boost their export sales and jobs. The City/State Partnership with Iowa Small Business Development Centers (SBDC) gives exporters enhanced access to information about the bank’s resources to exporters in all 99 counties of Iowa, Ex-Im Bank […]
Lars Mikael Jensen will become the chief executive officer of the P3 Network Center being created by Maersk, Mediterranean Shipping Co., and CMA CGM, if and when regulatory approvals for the alliance have been completed.
“The key to closing the pilot and technician gap in our industry is enhancing our training with the latest, cutting-edge technologies to attract and retain young people interested in careers in aviation,” Boeing’s Sherry Carbary said.
Saying he has grave concerns about the Department of Justice’s decision to block a proposed $11 billion merger between American Airlines and US Airways, Rep. Michael C. Burgess, R-Texas, has written a letter to Attorney General Eric Holder expressing support for the deal. Burgess sees Justice’s decision as needless government intervention in the […]
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 […]
