The American Maritime Partnership (AMP) said it opposes legislation introduced by Puerto Rico Resident Commissioner Pedro Pierluisi to relax the U.S.-build requirement of the Jones Act for bulk vessels operating in the Puerto Rico trade. “The Pierliusi bill would weaken U.S. national defense and undermine the investments made by American vessel owners and operators,” […]
Puerto Rico’s representative to the U.S. House of Representatives said he has introduced legislation that would exempt vessels carrying fuel, agricultural products and other bulk cargo from provisions of the Jones Act.
During the second quarter, Old Dominion experienced an 8-percent increase in revenue compared to 2012, ending the period at $590.2 million, as net income rose by 21 percent, to $58.3 million, year over year. Revenue so far this year stands at $1.13 billion, a year-over-year increase of 7.6 percent. On the year, net […]
Officials made progress during the recently closed 18th round of negotiations concerning the Trans-Pacific Partnership (TPP), finding “common ground” on issues related to intellectual property, the environment and competition, according to the Office of the United States Trade Representative. The assembled officials also welcomed Japan as the 12th member of the group, and they […]
Effective August 1, the per container charge with a destination within 260 miles of the Port of New York and New Jersey will be reduced to $94 from $100 in all trades except in the Bermuda trade.
Revenues at LTL carrier Saia rose by 2 percent, year over year, to $293 million during the second quarter, while operating income increased by 10 percent to $23.3 million. LTL yield during the quarter increased by 3.2 percent on the strength of pricing, but tonnage fell by 1.6 percent on fewer shipments (a […]
Brittin, who spent the last six years ascending the air cargo ranks at the U.S. Transportation Security Administration, will replace Daniel Fernandez as secretary general on August 15.
U.S. carloads fell by 3 percent, year over year, to 277,933 units, and intermodal volume rose by 2.8 percent to 253,424 units for the week ending July 20, according to the Association of American Railroads.
In a speech at the Port of Jacksonville Thursday, President Barack Obama said Congress needs to move faster modernizing the nation’s ports to support new trade trends that will help the U.S. economy grow. He took credit for last year’s executive order — part of the “We Can’t Wait Initiative” — to speed […]
U.S. trade with Vietnam has grown significantly since 2001. Exports to Vietnam in May grew 22 percent compared to the same month a year ago, and imports from Vietnam were up 16 percent, according to the Commerce Department.
U.S. Transportation Secretary Anthony Foxx has released $5 million in emergency funds from the Federal Highway Administration’s relief program to help with the repair of bridges and roads in New York damaged by this summer’s flooding. The funding will cover repairs to bridges spanning Ostquago Creek and construction on state routes, including NY51, […]
“We currently expect our market environment to hold fairly steady as we head into the second half of the year,” Brian M. Sondey, TAL’s president and chief executive officer, said.
China International Marine Containers said that it has entered into a $425 million shipbuilding contract with the Chinese shipyard, New Times Shipbuilding, for the construction of five 8,800-TEU containerships. The ships, which are expected to be delivered in 2015, will be chartered to MSC for 204 months.
Loaded container volumes in the first six months were 757,632 TEU, up 7.2 percent; empty container volumes totaled 220,934 TEU, up 6.4 percent. The port handled 166,093 TEU of containerized cargo in June.
Hapag-Lloyd said the G6 Alliance’s New York Express, or NYE, service is relocating to the New York Container Terminal on Staten Island from Maher Terminal effective with the arrival of the Hyundai Dynasty Thursday. The company said the switch was being made “in response to the Maher terminal congestion issues. This action will […]
Global Container Terminals said its New York Container Terminal (NYCT) on Staten Island in New York has entered into an extension of its lease agreement with the Port Authority of New York and New Jersey through the end of 2029. Global said the port authority has agreed to certain improvements to road conditions […]
Costamare, the Athens-based ship containership charterer, said Wednesday that it had net income of $30.6 million in the second quarter of compared to $21.1 million in the same 2012 period. Voyage revenue was $100 million in the second quarter, up from $96 million in the second quarter of 2012. The company also reported […]
“We are pleased with our team’s continued ability to deliver positive results in a relatively lackluster freight environment,” Swift stated, noting that freight demand was soft in April and May, but picked up a bit in June.
DHL has received the go-ahead to operate its StreetScooter electronic vehicles for mail and parcel delivery in Germany. The first vehicle will begin delivering mail in Bonn next month, and the company plans to install 50 vehicles around Germany by the end of the year. DEKRA awarded the certification for the vehicles. […]
Miami-based Aeronautical Engineers, Inc., said it has delivered a converted Boeing 737-400SF freighter with 11 pallet positions to CargoAir, which offers all-cargo service in Europe. The plane was built in 1989 to carry passengers and is wet leased to DHL Express at its hub in Leipzig, Germany. CargoAir also operates three 737-300SF […]
