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 […]
Pritzker U.S. Commerce Secretary Penny Pritzker will lead her first business development mission to Mexico City and Monterrey, Mexico from Nov. 18-22. The mission’s purpose is to strengthen the countries’ bilateral commercial and economic relationship and highlight new U.S. business opportunities with Mexico. Mexico is the United States’ second largest export market and […]
A big fire broke out early this morning in Nairobi’s international airport, destroying the main passenger arrivals hall and forcing a halt to all inbound and outbound flights as Kenyan authorities were slow to contain the blaze, according to news reports from the nation’s capital. The Nairobi airport is the busiest in East Africa […]
American Roll-on/Roll-Off Carrier (ARC) has expanded its Atlantic ro/ro service with the addition of a fifth U.S.-flag vessel. The ARC Freedom will allow for regular port calls at Galveston, Texas, and Veracruz, Mexico. “With this service expansion, ARC will provide substantial, reliable, and regular support to their commercial partners in the U.S., […]
Clean Cargo Working Group, an initiative of carriers and shippers dedicated to environmental performance improvement in marine container transport through measurement, evaluation, and reporting, said Independent Container Lines and Arkas Container Transport recently joining the membership. Zim also announced it recently joined the group. “The growth curve in membership continues to increase,” […]
Domestic container volume rose 9 percent, year over year, during the second quarter, and total intermodal traffic inched up by 2.4 percent, according to the Intermodal Association of North America. Containers finished the period at just under 1.52 million, compared to just more than 1.39 million during last year’s second quarter. Total intermodal […]
A growing number of targeted degree programs have been established to educate the next generation of industry leaders. This one-hour, interactive discussion will help you understand how to assess the value supply chain education presents to you and your organization: Transportation spend and contract rates Length of negotiations and timeframe to implementation Assessing bids and […]
Rotunda Capital and Fidus Investment Corp. have sold their investment in Dallas-based shipping firm Worldwide Express to a group of investors for an undisclosed amount. The two companies had owned Worldwide Express since 2009. Worldwide Express reached revenues of $550 million in 2012, rising from a 2009 revenue point of $192 million. Tom […]
Nie Lijuan, deputy secretary-general at the China Association of the National Shipbuilding Industry (CANSI), said the goal is to “ease the supply glut of low-end ships and boost technology competence in producing high-end ships.”
Crowley Maritime Corp. said it has tripled its bonded warehouse space in Panama and consolidated its liner and logistics teams to a new shared location in Panama City. Miguel Artiga, vice president of logistics for Central America, said the facility in the Parque Sur corporate and industrial park can handle nationalized and bonded […]
In the second quarter, Deutsche Post DHL experienced a 2 percent rise over 2011’s second-quarter adjusted revenues of 13.7 billion euros ($18.2 billion) due to gains in the German parcel market, the company’s supply chain division, and DHL’s express business. DHL has also increased its earnings guidance, revising its estimated earnings from between 2.7 […]
Con-way Truckload has invested $2 million in “sense and respond” technology systems for the 525 tractors it will receive this year. The new systems include front-collision avoidance, electronic stability control and lane-departure warning. Front-collision avoidance will sound a warning if the truck comes within a three-second stopping distance of the car in front […]
NRF President Matthew Shay said some members are paying thousands of additional dollars as a result of the congestion, with increased costs coming from storage at the terminal and longer driver wait-times of up to six hours.
