The new DFW Connector, which is tied to the large Dallas/Fort Worth International Airport complex, officially opened for service Wednesday. The roadwork was part of a $1 billion project designed to help drivers navigate better and avoid congestion as they travel to and around the Texas airport. The DFW Connector received $260 million from […]
The liner carrier MOL said Wednesday it met internal key performance indicators for North America customer service in July in all but three of the 13 areas it tracks. The three missed targets were U.S.-to-Asia export missed vessel connections due to rail errors, Asia-to-U.S. documentation accuracy, and U.S. export documentation accuracy. Improvement was […]
Additional oil pipeline capacity in the Bakken and Gulf regions, however, are making crude transport on railways less of an attractive option in the short term, said an analysis by Jason Seidl of Cowen and Co.
A new rule was published to combine 16 paper forms used to register and update information from supply chain stakeholders into a single form on the Web. The agency says it will save $9 million over 10 years.
The first four of 16 new gates that are being built for the Panama Canal arrived this week aboard the semi-submersible vessel STX Sun Rise. “This is an exciting moment for the Panama Canal – the arrival of the new gates marks a great progress for this engineering project,” Panama Canal Administrator Jorge […]
Traffic is moving this morning on Dave Nesbit road along Port Canaveral’s southside after being shut down since May for reconstruction. The project involved road realignment, installation of underground utilities, new sidewalks and paving from George King Boulevard in front of the port’s Welcome Center to Mullet Road. It’s part of a $6 million Cove […]
Menzies John “Jock” Menzies, chairman of Baltimore-based The Terminal Corp. and founder of the American Logistics Aid Network (ALAN), died suddenly this weekend at his home. He was 69. The Capital Gazette of Annapolis, Md., reported that Menzies sustained severe injuries at the family’s property on Friday when a cable trolley system connecting […]
American Shipper‘s publisher, Jim Blaeser will host an interactive discussion with Walter Kemmsies, chief economist for Moffatt & Nichol, about emerging dynamics that will impact domestic and international freight markets in the years ahead. Key discussion points will include: Economic outlook on key freight transportation modes The impact of the shift from diesel to natural gas […]
The firm will use a business-to-consumer commerce platform operated by hybris, recently acquired by global software giant SAP, to provide retailers with Web design, posting product content from suppliers, among other services.
Hibbett Sports’ Scott Austin said the driver shortage issue hasn’t yet affected the shipper, but he expects to see issues in certain areas of the industry in the next two to four months. He also predicts drivers will benefit from higher wages.
LATAM Airlines Group, the parent company of LAN Cargo, has been fined C$975,000 ($934,000) after pleading guilty to air cargo price fixing. LATAM is the ninth carrier to plead guilty in Canada’s ongoing investigation, which has so far generated C$25 million. Cathay Pacific, Air France, Martinair, KLM, British Airways, Qantas, Korean Air and […]
“To put this growth into context, the 186 million TEUs which this growth represents is the equivalent of the entire throughput of all Chinese ports in 2012. Or to put it another way, it is more than the entire 2012 throughput,” the consultant said.
The Chilean container shipping company CSAV said it has priced a rights offering for 6.75 billion shares of stock it is selling at about 4.88 cents per share. The company said based on the price it expects to collect funds of about $330 million. CSAV’s board approved a capital increase of $500 million […]
T. Parker Host Jr., the owner of the steamship agency T. Parker Host Inc., died on Sunday in Virginia Beach, Va., at the age of 88. After serving in the Army Air Corps, he joined the company in 1948, which was founded by his father. He served as both president and chairman of the […]
They’re increasingly opting for quality goods at higher prices and adopting on-line shopping and social media to gather product information, according to a report released today.
In an interview with Politico, Jim Oberstar, who served as chairman of the House Transportation and Infrastructure Committee from 2007 to 2011, said the slow pace of Congress may mean the Obama administration should take action on transportation policies on its own. Funding for the Department of Transportation will run out in 41 […]
In July, the American Trucking Associations’ for-hire truck tonnage index fell 0.4 percent, the index’s first drop since April. Last month, the index inched up 0.1 percent. “After gaining a total of 2.2 percent in May and June, it isn’t surprising that tonnage slipped a little in July,” ATA’s Bob Costello said […]
The private equity firm KKR said Tuesday it has formed a new business, Maritime Finance Co., that will focus on lending to the offshore oil field services and traditional shipping sectors to “fill a void left by exit of traditional lenders.” Led by former Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky, Maritime Finance […]
Damco, the third-party logistics arm of A.P. Moller-Maersk, has been granted a license to operate in Myanmar and has started setting up an office in the region. The company has already started a freight station operation in Yangon and is managing shipments for global accounts. Damco is also working toward a plan of […]
The 21.4 billion miles traveled on California’s Interstate 5 during 2011 (the most recent year available) puts the road in the top spot as the nation’s busiest interstate. Los Angeles can lay claim to the busiest interstate in a U.S. city.
