U.S. steel imports declined 14 percent in June compared to May, according to preliminary government data recently analyzed by the American Institute for International Steel (AIIS). “The decline in imports from May of semi-finished steel represented half of the total month to month decline in June over the final import data for May. The […]
Port Director Bill Johnson indicated in late April that he would probably apply to head the Beacon Council. If tapped as the area’s top corporate recruiter he would be replaced by his second in command, Juan Kuryla.
Gerard J. Coyle, vice president of environmental and sustainable operations for Evans Delivery Co., said at a House field hearing that “the New York City Metropolitan area has some of the worst traffic congestion in the nation.”
The U.S. Food and Drug Administration has published its proposed regulations to implement its Foreign Supplier Verification Program (FSVP) and third-party auditor accreditation under the Food Safety Modernization Act (FSMA). Under the proposed rules, the importer or its U.S. agent must provide assurances that imported food meets FSMA standards or face entry and/or […]
The U.S. International Trade Commission said the four-year-old Earned Import Allowance Program (EIAP) is not providing enough incentives to help boost the competitiveness of Dominican apparel exports in the U.S. market. The agency published its findings in the report, Earned Import Allowance Program: Evaluation of the Effectiveness of the Program for Certain Apparel […]
To improve wait times for trucks at the border between the United States and Mexico, officials at Customs and Border Patrol should look into automated collection methods and develop performance measures based on improved service, according to a recent report by the Government Accountability Office (GAO). The report noted CBP also needs to ensure […]
CSX Transportation warned customers to expect delays of one to two days receiving shipments for East Coast traffic that moves through Baltimore after eight cars on a train derailed in the city Sunday morning. The large railroad said it is re-routing some freight where possible. The accident is causing havoc for commuters on […]
Drewry said “ocean carriers should not count too much on a significant revenue boost” in the third quarter this year, adding the “peak season of the east-west trades no longer means a big surge in cargo volumes.” While the third quarter “will probably still be the best for ocean carriers,” the London-based consultant said the proportion […]
YRC Worldwide is planning a public offering of $350 million worth of common and preferred stock, according to documents the company filed with the U.S. Securities and Exchange Commission. The sale will also include debt securities, warrants to purchase debt securities and common stock, depositary shares, purchase contracts and units. “We will […]
Hapag-Lloyd said it is implementing a “low water surcharge,” effective Aug. 5, for cargo moving between Montreal and North Europe, the Mediterranean and Africa as well as East Asia, Indian Subcontinent and the Middle East. The German carrier cautioned earlier this month that it might implement the surcharge if the water fell to a […]
Non-vessel-operating common carrier Shipco Transport will open a new sales and operations office in Taipei. “With the opening of Shipco Transport in Taiwan, we are closing one of the last remaining gaps in direct representation in Asia and can now offer more complete coverage within main markets and countries of the Asia region.” […]
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 […]
