President Obama talked about the importance of infrastructure development, including ports, during an appearance Tuesday on The Tonight Show with Jay Leno. The comedian asked the president why infrastructure has become a partisan issue in Washington. Obama told Leno he wants to agree on a financing mechanism to fix roads and bridges. “The Panama Canal is […]
U.S. containerized import volume in July was the highest for any month since July 2007, according to the latest data from trade intelligence firm Zepol Corp. Total import volume rose to nearly 1.7 million TEUs for the month, 2 percent higher than July 2012 and 13 percent higher than in June of this […]
Shipments in North America dropped by 2.3 percent from June to July, but freight expenditures rose by nearly 1 percent, according to the Cass Freight Index Report. Compared to July 2012, shipments fell by 3.1 percent, but expenditures showed a 3.8 percent gain. June and July shipment volumes have been lower than volumes […]
Matson, the leading container carrier between the U.S. mainland and Hawaii, reported a profit of 20.1 million in the second quarter compared to $7.8 million in the same 2012 period. Operating revenue was $416.6 million in the quarter, up from $394.2 million in the same 2012 period. “We had another solid quarter, […]
Cargloux Airlines has signed an agreement with its two unions, extending its Collective Work Agreement through December 2014. In the new deal, employees have agreed to optimize their time on the job with the carrier’s activity levels, according to the carrier. The parties will establish joint working groups to look for other efficiencies. […]
Cargo Airport Services has acquired the ground handler Integrated Airline Services for an undisclosed amount. IAS, which is the largest cargo handler at Dallas/Fort Worth International Airport, boasts 41 locations throughout the country and a customer list that includes Lufthansa Cargo, DHL, UPS and the U.S. Postal Service. “We look forward to […]
Dennis Ilin has taken over as executive vice president of Russian cargo carrier AirBridgeCargo Airlines. Tatyana Arslanova was appointed to the position in January 2010. Ilin officially took over on Aug. 1 after working in a variety of positions at ABC and the carrier’s parent company, Volga-Dnepr. “Despite the challenging market […]
Maersk Inc. of the A.P. Moller-Maersk Group said Wednesday it had agreed to sell substantially all the assets of its trucking subsidiary Bridge Terminal Transport (BTT) to an affiliate of Platinum Equity, a Los Angeles-based private equity firm. BTT performs container drayage services at ports and inland locations. The transaction is expected […]
U.S. Customs and Border Protection’s annual Trade Symposium is tentatively scheduled for Oct. 24-25 in Washington, D.C., agency officials said Thursday during the quarterly meeting of the Commercial Operations Advisory Committee. Details will be announced when planning has been finalized. Hundreds of trade professionals who regularly deal with customs issues attend the gathering each […]
The liner carrier MOL saw on-time arrival improvements on its North America services in the second quarter of 2013, while performance fell off on its Asia-Europe services, according to quarterly data provided by the line. On-time performance on Asia-U.S. West Coast services from April through June was 92 percent, up from 87 percent […]
Freight forwarder Laufer Group International has opened a JFK International Airport office. The office will service customers for both ocean and air and report to Martin Karczewski, director of operations. The New York air freight team, formerly at the company’s headquarters in downtown Manhattan, will now be located in the JFK facility. The […]
AIT Worldwide Logistics has opened an office in Toronto, Canada. This first Canadian location in AIT’s network is headed by independent contractor Branko Burazin. “The establishment of this location in the commercial and financial center of the United States’ largest trading partner is an integral step in our expansion strategy,” said Ray […]
Swift Transportation Co. has purchased Utah-based Central Refrigerated Transportation for $225 million. With the acquisition of the No. 5 temperature-controlled truckload company in the United States, Swift will become the second largest refrigerated truck provider. Central generated $50 million in earnings and $504 million in revenue during the fiscal year ending June […]
Starting Aug. 19, trucks entering the secure area of a marine terminal in the Port of New York and New Jersey, must be registered in the port’s drayage truck registry (DTR) and authorized to conduct business at port authority terminals.
Hamburg-based Hapag-Lloyd said it had a group profit of 20.9 million euros ($27.8 million) in the second quarter of 2013, while NOL of Singapore, parent of APL, had a loss of $35 million in the second quarter of this year.
In the second quarter, the Eden Prairie, Minn.-based logistics services provider saw total revenues shoot up 11.3 percent, year over year, finishing the period at $3.29 billion. For the year, revenues are up 14.1 percent.
YRC Worldwide saw a $4.6 million rise in before-tax earnings during the second quarter when compared to the same period in 2012, but the company’s freight division still experienced difficulties in the quarter. Operating revenue dropped 0.7 percent, year over year, in the second quarter to $1.24 billion, with operating income falling $1.2 […]
U.S. exports in June reached an all-time high of $191.2 billion, helping to narrow the trade deficit by 22 percent from May to $34.4 billion and possibly boost estimates for second quarter growth, according to the Commerce Department.
The U.S. Environmental Protection Agency has finalized its Renewable Fuel Standard volume requirements for advanced biofuel, maintaining the rules at 2.75 billion gallons. The volume requirement for biomass-based diesel is 1.28 billion gallons. “As producers of the feedstock that accounts for more than half of all domestic biodiesel production, we are very […]
Being a savvy domestic shipper often means being as attractive as possible to your carriers. It’s not just about fostering good relationships that ensure capacity and service. Certain factors can directly affect rates, particularly on the less-than-truckload (LTL) side, where a higher degree of capacity concentration means carriers can be choosier in the […]
