Shipping industry analysts at the brokerage firm Jefferies wrote in a new research note that they “see risk of new shipbuilding orders delaying the recovery of the shipping industry as much as they did during the last extended downcycle for shipping between the 70s and 90s.” “Container shipping has seen the most new […]
Air freight volume at Damco, the logistics services arm of A.P. Moller-Maersk, was up significantly in the first half of the year, rising to 51,066 tons, 14 percent over the same period in 2012. This notable performance in a sluggish air freight market helped the company generate $1.53 billion in revenues during the first half of […]
XPO Logistics has completed its $365 million previously announced acquisition of 3PD. “Our acquisition of 3PD gives us immediate leadership in the heavy goods, last-mile space – an underpenetrated market for logistics with an exciting growth trajectory,” XPO’s chief executive officer, Brad Jacobs, said in a statement. “We welcome 3PD’s customers, carriers and […]
C.H. Robinson Worldwide has appointed Ivo Aris to director of global forwarding for its European operations. A 20-year industry veteran, Aris has held responsibilities in sales, operations, and management at Road Air, which was acquired by the Rhenus Group in 2007. Aris became the country manager for air and ocean freight for the […]
Detlef Trefzger has been promoted to chief executive officer of global freight forwarder Kuehne + Nagel International after having joined the company just five months ago as executive vice president of contract logistics, the company announced Thursday. Trefzger immediately takes over from Chairman Karl Gernandt, who has served as acting chief executive since […]
Senators Patty Murray and Maria Cantwell are proposing to replace the tax with the “Maritime Goods Movement User Fee,” which would apply to all entry points for U.S.-bound cargo, with proceeds going toward port upkeep.
Express company DPD will outfit 12,000 drivers in Europe with Honeywell Scanning & Mobility’s Dolphin 99EX mobile computers running the firm’s Remote Mastermind management software. According to DPD, the company delivers 2.5 million parcels each day. “Our requirements for this significant technology investment were clear: We needed a user-friendly mobile computer, smooth […]
The formation of a WTO panel to look into the anti-dumping duties will be discussed at the organization’s meeting on August 30. Chinese officials are allowed to block the request at the meeting, but the EU can bring up the issue again.
A.P. Moller-Maersk reported a profit of $856 million in the second quarter ending June 30, 11 percent less than the $965 million earned in the second quarter of 2012. Nils Andersen, the chief executive of the group, said the performance of Maersk Line, the world’s largest container line, was a “bright spot” in […]
The Suez Canal Authority said 68 ships crossed the canal with a record total load of 4.8 million tons on August 9, but concerns are rising about the impact of the Egyptian unrest.
Freight volumes in July rose by 0.5 percent compared to the previous month, something not seen since 1996. Historically, the month-to-month freight result has averaged a 20-percent decline.
U.S. Customs authorities at several ports have stopped in recent months dozens of Land Rover Defender off-road utility vehicles that violated federal highway safety standards, including the requirement for airbags. Customs and Border Protection said some of these illegal shipments require destruction at salvage yards because their Vehicle Identification Number was intentionally altered […]
Total domestic rail traffic rose during the week ending August 10 by 2.7 percent when compared to the same week last year. The increase was due in part to a 6.1-percent rise in intermodal units, according to the Association of American Railroads. Total carloads, which ended the week at 288,803 units and was […]
Total throughput in the Port of Hamburg in the first six months of 2013 increased 3.5 percent from the prior-year period to 68.1 million tons, while container volumes were up 2.1 percent to 4.5 million TEUs. According to the port authority, other northern European ports on average lost about 0.4 percent in volume […]
Keyera Corp. and Kinder Morgan, a large energy distribution and storage company based in Houston, have formed a joint venture to build a $98-million crude oil rail loading facility in Edmonton, Alberta, that will be able to accept product from the Kinder Morgan tank farm in Edmonton for export to refineries in North America. […]
The USPS has added day-specific delivery to its Priority Mail service along with features like free insurance and improved tracking. The postal service is also seeking to ship alcoholic beverages, which is currently forbidden by law.
The energy distribution giant will charge a security fee of $2,500 per tanker that ties up at its Galena Park and Pasadena terminals in Houston, effective Sept. 1.
CEVA will pilot the process in Atlanta, New York, London and Frankfurt before expanding the service across its entire network in 2015.
Nippon Kaiji Kyokai (ClassNK ), the Japanese classification society, said Wednesday that its analysis of the break-up and subsequent sinking of the containership MOL Comfort “is proceeding rapidly, and ClassNK expects to consolidate its preliminary findings by early September 2013.” “Based on the current findings of the ongoing investigation and analysis, the ClassNK […]
Wallenius Wilhelmsen Logistics said it will expand its ocean transportation service from Veracruz starting Sept. 13 to two to three sailings per month to the U.S. East Coast as auto manufacturers increase production in Mexico. Service calls include the ports of Veracruz, Galveston, Texas; Brunswick, Ga.; Charleston, S.C.; and Baltimore. Vessels will proceed […]
