“K” Line Zhenhua Logistics (Shanghai) Co., Ltd. has opened a new warehouse in a Logistics Park of Shanghai Lingang New Town. The two-story, 43,890-square-meter warehouse is located on the Shanghai side of the bridge connecting Shanghai City and the Yanshang deep-water port. The facility is designed to handle a wide variety of […]
The United States and an economic bloc of five East African countries have agreed to launch formal negotiations on a trade facilitation agreement, announced U.S. Trade Representative Michael Froman on Monday. The move is part of President Obama’s Trade Africa initiative following a U.S.-East African Community (EAC) Trade Ministerial Meeting. The EAC is […]
American shippers are juggling more responsibility as they source from and sell to a growing number of geographic regions. What they may not realize is that their exposure to compliance risk might be growing as quickly as their supply chains expand. The greatest vulnerabilities to risk often lie in emerging markets, according to benchmark indices […]
When Emirates SkyCargo announced this week it was changing the way cargo surcharges are calculated — moving from a system that charges for actual weight to the new plan of applying chargable weight to the calculation — on Sept. 1, it joined a growing list of airlines who are also experimenting with new rates. […]
Crowley Maritime Corp. has announced plans for a major expansion of its tanker fleet, saying it has entered agreements to have Aker Philadelphia Shipyard Inc. (APSI) build up to eight product tankers for delivery between 2015 and the end of 2017. JacksonvilleFla.-based Crowley said it had signed contracts for the first four 50,000-deadweight-ton (330,000-barrel) tankers to […]
Rubin McDougal, CEVA’s CFO, told American Shipper he’s pleased with the results — he sees them in line with competitors such as DHL, Panalpina and UPS Supply Chain — especially since they were achieved in a down market.
The Korean liner carrier reported a loss of 80.4 billion won ($72.4 million) in the second quarter of 2013 compared to a loss of 1.2 billion won in the same quarter of 2012. Total sales in the second quarter were 2.67 trillion won.
The firm said its analysis “shows that only Ambarli and Constanta currently have the operational capabilities to handle 10,000-TEU vessels, while Odessa will get the ability in the future, if the vessels can dock at two consecutive quays.”
Arkansas Best Corp. turned in a second quarter profit of $4.9 million, but still ended the first six months of 2013 with a net loss of $8.5 million. Officials pointed to wages and benefits for drivers at ABF Freight System as a big reason for the loss, despite improving revenue and freight tonnage […]
CSX Corp. said Wednesday that it purchased a phosphate export terminal in Tampa, Fla., from the Ingram Barge Co. The Eastern Associated Terminal is adjacent to CSX’s Rockport terminal on Tampa Bay and the two facilities will be merged into one operation. The terminals are used to ship phosphate from Central Florida’s Bone […]
U.S. merchandise exports for the first half of 2013 totaled a record $781 billion, up $8 billion from the same period last year. Although exports continue to reach new highs, the pace of growth is slowing down.
The Los Angeles Board of Harbor Commissioners this week approved a new Port Master Plan that updates the port’s development policies and procedures for the first time since its original plan took effect more than three decades ago. The plan sets forth development policies for the port to promote commerce, navigation, fisheries, recreation […]
Virgin Atlantic Cargo is now allowing shippers to place OnAsset Intelligence’s SENTRY FlightSafe tracker on cargo aboard its aircraft. The tracker, which is placed in with the shipment and transmits temperature, humidity and other readings wirelessly to the shipper during the flight, was approved for use on Virgin flights after extensive testing. […]
Shipments of coal on the Great Lakes reached 2.9 million tons in July, an increase of 2.5 percent over June, and a jump of 7.3 percent compared to a year ago, according to the Lake Carriers’ Association. Shipments from Lake Superior ports totaled 1.8 million tons, an increase of 16.1 percent compared to a year […]
The Port of Pittsburgh Commission this week deployed the first wireless broadband network for inland waterways in the country, a network that will link previously siloed systems and provide Wi-Fi access to barge operators. The program, developed by PPC and CONSOL Energy, establishes a network of physical devices and applications useful in river commerce […]
The retirement of Al Gina, assistant commissioner for international trade, was among several personnel moves announced Thursday by U.S. Customs and Border Protection Deputy Commissioner Thomas Winkowski at COAC.
The change in the agency’s rules mirrors the result of a court opinion passed down on Aug. 2, which said drivers who operate within a 150-mile radius of their reporting location do not have to abide by the rest requirement.
Orient Overseas (International) Ltd. (OOIL), parent company of container liner company OOCL, said it had a loss of $15 million in the first half of 2013 compared to a profit of $117 million in the first half of 2012.
U.S. Customs and Border Protection has set up a toll-free number to make it easier for importers and customs brokers to contact one of its new Centers of Excellence and Expertise, Thomas Winkowski, the de facto acting commissioner, said Thursday at a public meeting in Washington. In the past two years, CBP has opened […]
The banana shipper, which operates Great White Fleet, reported in its second quarter results that reconfiguration of its European shipping system, initiated in the third quarter of 2011, provided more than $12 million in savings.
