The unrest in Syria has the potential to drive up jet fuel prices, but any increase isn’t likely to hurt airlines near-term profitability right away, according to Helane Becker of analyst Cowen and Co.
In her farewell speech as secretary of homeland security, Janet Napolitano on Monday said her successor will need to forge a strong relationship with Congress to ensure the department has adequate resources and security systems.
The multimodal transportation and logistics management solutions provider Kewill on Tuesday released a set of mobile applications for its Kewill Logistics software designed to enable its customers to access and update trip information and instructions. The iOS and Android applications allow drivers to log into their company’s Kewill Logistics operating system, retrieve a […]
The carrier recently extended its terminal lease by nine more years, which could net the port up to $525 million, in order to secure support for the new project. The port has agreed to invest $122 million in terminal improvements.
The 13 container liner companies in the Transpacific Stabilization Agreement’s (TSA) Westbound section plan to raise freight rates on all commodities and from all U.S. origin points by at least $100 per 40-foot container (FEU) by no later than Oct. 1. After months of “uneven demand and gradually eroding freight rates in the U.S.-Asia […]
During the first half of the year, CMB of Belgium experienced revenue of $305 million, a decline of nearly $20 million when compared to the same period in 2012. Earnings before tax fell to $76.15 million. Much of the hit was due to CMB’s dry bulk Bocimar arm, as it generated a […]
Illegal trading under another company’s trademark is a serious concern for industry because legitimate businesses lose sales to criminals making cheaper knockoffs of their products, according to regulatory officials.
Hamburg Süd christened a new containership in the United States for the first time over the weekend. The ceremony to name the 3,800-TEU Cap Corrientes was held on Aug. 23 in the Port of San Francisco. The ship’s sponsor is Ofelia Gallo, wife of Joseph E. Gallo, president and chief executive officer of the E&J […]
Global logistics and warehousing provider Katoen Natie has selected Ruckus Wireless’ Smart WiFi products for installation in its warehouses around the world. Katoen Natie will outfit its inventory-management workers with WiFi scanners. While WiFi has become a “de facto technology” that’s expected to be available, according to Ruckus’ Rob Mustarde, warehousing has been […]
The big four global container terminal operators remain PSA International, Hutchison Ports, APM Terminals and DP World, but with varying levels of activity according to Drewry’s Annual Review of Global Container Terminals Operators. The four have about 26 percent of global throughput. The London-based consultants said “DP World and APM Terminals are highly […]
DHS awards $93 million for port security. The U.S. Department of Homeland Security on Friday announced the allocation of $93.2 million in annual port security grants to protect against, mitigate and respond to terrorist attacks. The port grants represent a small portion of $1.5 billion in preparedness grants awarded to states, cities, and towns […]
The Energy Information Administration reported Monday that in 2012 the world’s appetite for fuel hit a record of 88.9 million barrels per day based on use of jet fuel, diesel, gasoline, heating oil and other petroleum products.
Crews have broken ground on the second phase of the three-phase West Vancouver Freight Access Trench, which will bring added capacity to Washington state’s Port of Vancouver by adding a new rail entrance on the southeast side. When complete in 2014, the access trench will allow trains to enter the port without using […]
The express carrier said the sale will not impact its business, and customers and suppliers will maintain their current agreements. Companies interested in the purchase must place their initial bids this month, according to reports.
French liner carrier CMA CGM said it will raise rates from Europe to Latin America by 200 euros per TEU on both dry and refrigerated boxes, effective Oct. 1. The increase applies to containers destineed to South America’s north, east and west coasts, as well as Central America and Caribbean.
Cincinnati-based freight transportation broker Total Quality Logistics (TQL) has opened a new sales office in Houston. The Houston location will start with 13 employees, but TQL expects to expand that headcount to about 50 over the next three years. This is the company’s second office in Texas and 19th nationwide. TQL started operations in […]
Truck drivers that shuttle containers to and from the Port of Los Angeles began a 24-hour strike against employer, Green Fleet Systems, at the start of the 5 p.m. shift on Monday, the Teamsters union said. The workers are protesting harassment and intimidation by company management, according to an International Brotherhood of Teamsters news […]
Yusen Logistics has opened its third warehouse in Laem Chabang, Thailand, bringing its total holdings in Thailand to 200,000 square meters. The new facility is located at the Yusen Laem Chabang Logistics Center, where Yusen already owned two facilities. In 2015, the company will bring a fourth warehouse, spanning 30,000 square meters, online. […]
Since the death of its founder, John “Jock” Menzies, on Aug. 17, the board and staff of the American Logistics Aid Network have vowed to continue efforts to guide and coordinate logistics services for disaster relief.
The air cargo carrier has opened Constant Climate stations in Colombia, Panama, Costa Rica, Guatemala and Venezuela. IAG now staffs 12 stations across Latin America and is adding similar support capacity in Europe.
