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 […]
U.S. Customs and Border Protection (CBP) and the Federal Maritime Commission said they have signed an agreement to share data from CBP’s Automated Commercial Environment-International Trade Data System (ACE-ITDS) “in order to strengthen the balance of facilitation and enforcement regarding the regulation of ocean carriers and other entities involved in ocean trade.” “This […]
The U.S. Maritime Administration is awarding $9.46 million to 12 shipyards, but it received about 10 times as many requests for money as it could provide–113 grant applications requesting $96 million in assistance.
The service was taken offline Friday for about 16 and a half hours because of a problem with a piece of computer equipment located in New Jersey that required the installation of a software patch.
TRAC Intermodal has introduced a premium 40-foot gooseneck marine chassis. The container leasing company said its “TRAC TITAN” chassis are available for daily use to motor carriers in the Port of New York/New Jersey, Savannah and Charleston. “We asked our motor carrier customers what was important to them, and one consistent response […]
Transport Canada has issued an emergency directive to increase rail safety following the crash of an oil-bearing train in Lac-Megantic, Quebec. The new measures call for dangerous goods on a main track to be attended to at all times and for increased protection against unauthorized entry into trains, among other measures. The derailment […]
President Obama last week said he would consider the recommendation of Sen. Charles Schumer, D-N.Y., to name Ray Kelly as the next secretary of homeland security if the New York City Police Commissioner was interested in the job. Kelly is highly regarded as a no-nonsense cop with excellent organizational skills, but some in the […]
PSA International said the Zeebrugge International Port (ZIP) Container Terminal in Belgium opened last week with the berthing of the Ever Laden, a deepsea container vessel operated by Evergreen. While the Ever Laden is a ship with 8,452 TEU capacity, Singapore-based PSA said the terminal “has been designed as a hub for megavessels […]
Alabama Steel Terminals will develop a new $36 million steel coil handling facility at the Alabama State Port Authority’s main docks complex in Mobile. AST will construct the 372,600-square-foot warehouse in two phases.
The continued strength of the auto industry helped push up truck tonnage in June, according to ATA. In general, heavy freight is showing a better growth rate this year than lighter cargo.
