U.S. steel imports increased 0.6 percent in July compared to June, according to preliminary data released by the federal government and analyzed by the American Institute for International Steel (AIIS). “Steel imports in July inched up by less than 1 percent as shipments from some non-NAFTA sources strengthened while NAFTA imports dropped, especially […]
Four Capitol Hill Republicans are preparing to send a letter to Transportation Secretary Anthony Foxx next week asking for a report on the potential impact of the hours of service’s 34-hour restart provision that was supposed to be filed months ago, according to Politico. Reps. Todd Rokita, Trey Randel, Tom Rice and Richard Hanna demand […]
The U.S. International Trade Commission has voted to initiate an investigation into certain imports of laundry and household cleaning products and related packaging. The products include bleach, laundry detergent, all-purpose cleaners, bathroom cleaning products, and disinfecting cleaners and wipes. The investigation is based on a complaint filed by The Clorox Co. of […]
The recently-approved contract between employers and the ILA encouraged retirement of some older longshoremen with a buyout package, and 300 longshoremen will retire in the Port of New York and New Jersey by next April.
LAN Cargo has launched a smartphone app that allows shippers to monitor the progress of their cargo. The airline’s mobile will include the status and route history of each shipment.
The cost of shipping a kilogram of air freight on an east-west route in July averaged out to $3.06, according to the Drewry East-West Air Freight Price Index. July’s result showed no growth from June’s average rate; the summer rates have been the lowest this year by at least $.09 per kilogram. Compared […]
The design, which Bechtel dubs the Multi-User Offshore Hub, is designed for two or more users and consists of an offshore terminal arrangement and docking system that can accommodate oceangoing vessels and barges.
International sales of the Mid-Atlantic state’s wines grew by more than 74 percent in fiscal year 2013, ended June 30, to more than 5,800 cases, Gov. Bob McDonnell’s administration announced this month.
Genesis Energy is planning to break ground on a crude oil railroad unloading facility in Raceland, La., at a price of less than $75 million. When completed in 2014, the facility will be capable of processing two train units per day.
Seago Line, A.P. Moller – Maersk’s intra-European and Mediterranean carrier, said it will stop accepting cargo to and from Iceland on Oct. 1. “These changes follow an extensive review of the commercial and financial viability of our existing service offerings,” the company said. It said bookings that have already been made, as […]
U.S.-flag freighters plying the Great Lakes carried 10.3 million tons of dry-bulk cargo in July a 2.2 decrease compared to the same month in 2012, the Lake Carriers’ Association said Friday. The July float was also down 6.6 percent from the month’s long-term average. Limestone shipments took the biggest hit, dropping 20 percent […]
Con-way subsidiary Road Systems, a producer of trailer equipment, has changed its name to Con-way Manufacturing. In a statement, Lynn Reinbolt, Con-way Manufacturing’s president, said the firm, which was founded in 1977, has been known informally as Con-way Manufacturing for a while now, and the time for an official change was overdue. […]
The U.S. Export-Import Bank has authorized a $105.4 million loan to Space Communication Ltd. of Ramat Gan, Israel, to finance the Space Exploration Technologies (SpaceX) launch of the Amos-6 communications satellite, the purchase of American made-solar arrays, and insurance brokered by Marsh USA. The transaction is Ex-Im Bank’s third related to a SpaceX launch, and […]
The Shanghai Container Freight Index fell 33.33 points to 1083.99 last Friday. The index, which measures spot rates from Shanghai to different parts of the world, was down on major trade lands to Europe and the United States. “Despite recent spikes upwards courtesy of the GRI (general rate increase) program, it seems this […]
Richard H. “Dick” Suddath, founder of the Jacksonville, Fla.-based Suddath Cos., died Saturday morning. He was 94. “Many of you knew him in his more vibrant years, yet even in his early nineties his personality was easily recognized. With his passing, we mourn the loss of a visionary, great friend, leader, mentor and community […]
A new study says that increasing the depth of the shipping channels in the lower Mississippi River to 50 feet could create thousands of new jobs and billions of dollars in additional U.S. exports. The study, The Economic Impact of Deepening the Mississippi River to 50 Feet, was done by Tim Ryan, a […]
Boston Consulting Group said that by 2020, a growing U.S. cost advantage in labor and energy could help the U.S. capture $70 billion to $115 billion in annual exports from other nations and create 2.5 million to 5 million jobs.
The Port of Houston Authority will seek $300 million in private funding to support its investment plan, which is expected to top $3 billion over the next 15 years. The authority’s commission authorized the deal at its monthly meeting. At the meeting, the commission also allocated funds to the Army Corps of […]
The supply chain consulting firm enVista said this week it has partnered with Avercast, an inventory forecasting and demand planning solutions provider, to allow users to add demand planning and sales and operations planning (S&OP) to their enterprise resourcing planning (ERP) platforms. Avercast provides planning functionality that works with Microsoft Dynamics AX, one […]
Container volumes at the Port of Charleston grew 3 percent in July to 136,159 TEUs, the port’s strongest July result since 2008 and a 20-percent increase from July 2011. Year to date, the port has handled 925,075 TEUs.
