In an emergency session Friday, the U.S. Federal Railroad Administration’s Railroad Safety Advisory Committee met to consider additional safety regulations in the wake of the July Quebec train derailment.
“This will make us and our local partners more competitive in the global market place by allowing containers that were moving to Houston to be delivered here with more cargo inside,” Port Freeport’s CEO Glenn Carlson said.
In its Outlook for U.S. Agricultural Trade released Thursday, the U.S. Department of Agriculture forecasts that agricultural exports will reach $140 billion in fiscal year 2013. If realized, this will be a new record for U.S. agriculture exports, USDA said. “We’re counting on Congress to help keep up this momentum. With just […]
The U.S. International Trade Commission has started an investigation to examine a wide range of Indian policies that allegedly discriminate against U.S. trade and investment. The investigation, Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy, was requested jointly by the Senate Finance and House Ways and Means committees. […]
Two Los Angeles-based consulting firms, MotorScience Inc. and MotorScience Enterprise Inc., and their owner, Chi Zheng, have agreed to settle alleged Clean Air Act (CAA) violations related to the illegal import of 24,478 all-terrain, recreational vehicles into the United States from China without proper emissions testing, said the Department of Justice, Environmental Protection Agency, […]
FreightWatch International is expecting increased cargo theft activity over the holdiday weekend, adding that thieves have historically targeted pharmaceuticals and electronics during this time.
Speaking at the Port of Houston Thursday, U.S. Commerce Secretary Penny Pritzker highlighted new data that shows U.S. manufactured exports supported 6.4 million jobs in 2011. About 10 percent of those jobs were in Texas, which led the nation in the number of jobs – nearly 700,000 – supported by manufactured export goods. […]
The U.S. Export-Import Bank has authorized $1.5 billion in export financing for a pair of transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico’s national oil and gas company. For the second time, Pemex will issue Ex-Im Bank-guaranteed bonds in the capital markets to fund the transactions. In the […]
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.
