The task of the exporter is getting more difficult by the day. New markets, changing regulations. Outbound shippers face increasing complexity on both the operational and regulatory sides of cargo management as supply chains move to emerging regions and customs enforcement at destination becomes more stringent. Click here to tell us how your […]
A value-added tax (VAT) will be applied to transportation and logistics services throughout China, starting today, Aug. 1. “In 2012, China reformed its existing VAT system by integrating the business tax (BT) into the value added tax (VAT),” according to a memorandum provided to American Shipper by Zhen Xie, Carlos Rodriguez, and Robert Stang […]
The Chilean liner carrier on Thursday reported a net profit of $34.3 million in the second quarter of 2013, the second profitable quarter for the line since it was taken over by the Luksic Group in 2011.
New steel business helped the Port of Charleston experience an 85 percent increase in breakbulk volume during the fiscal year fourth quarter ended June 30 from the first nine months, according to the South Carolina Ports Authority.
Freight movement among the United States, Canada and Mexico — partners in the North American Free-Trade Agreement (NAFTA) — hit $98.6 billion in May, a 1.8 percent year-over-year increase, according to the U.S. Bureau of Transportation Statistics. In May, imports totaled $52.9 billion and imports totaled $45.7 billion, both slight decreases from April’s […]
Several environmental groups have filed a lawsuit in federal court against the Coast Guard and Port Authority of New York and New Jersey, challenging a permit amendment authorizing the raising of the Bayonne Bridge.
AMR has been soliciting approval for its regorganization plan since early June, when the court authorized the new direction. A confirmation hearing is scheduled with the U.S. Bankruptcy Court in New York on Aug. 15.
The Virginia Port Authority’s Board of Commissioners unanimously elected Vice Chairman Jeffrey Wassmer to succeed William Fralin Jr. as chairman. Wassmer was appointed by Gov. Bob McDonnell to the VPA board in July 2011, along with the rest of the current board, and was reappointed a year later for a five-year term that ends […]
Saudia Cargo has re-opened its Nairobi hub, launching five weekly freighter flights into the airport and providing wider access to Africa and the Indian Ocean islands. Export capacity from Nairobi is estimated at more than 400 tons per week. “The broad destination mix now offered by Saudia Cargo via the Nairobi gateway […]
In a parallel effort with the Trans-Pacific Partnership (TPP) negotiations, Acting Deputy U.S. Trade Representative Wendy Cutler will visit Tokyo Aug. 7 to discuss non-tariff measures, insurance and Japan’s automobile trade with the United States. “Japan’s readiness to address longstanding concerns regarding its automotive and insurance sectors, as well as a number of […]
If support by the government for the U.S. Export-Import Bank isn’t a priority, these opportunities will be left to the United States’ competition, warned Fred P. Hochberg, the bank’s chairman and president on Tuesday.
The port received a $1.5 million grant from Washington state to help complete the second phase of its roll-on/roll-off cargo facility, a dock-strengthening project which will allow it to accommodate the world’s biggest ro-ro ships.
Metro Ports Canada Ltd., a Newfoundland and Labrador company that is owned by Nautilus International Holding Corp., has entered an agreement with Pinnacle Renewable Energy in British Columbia to manage its Westview Terminal operation, a wood pellet railcar receiving, storage and vessel loading facility in the Port of Prince Rupert. “Metro Ports Canada […]
Sheetz, a restaurant chain in Alatoona, Pa., said it’s saving more than 148,000 gallons of diesel fuel each year compared to conventional delivery methods due to its use of 52 Thermo King Sprinter vans. The temperature-controlled vans were added to Sheetz’s supply chain in 2012 to transport baked goods from its bakery to […]
DSC Logistics has broken ground on a retail consolidation logistics center in Moreno Valley, Calif. Due for completion late this year, Kraft Foods Group will be the first tenant. The logistics center will feature food safety and top-notch security systems, and will also feature Customs-Trade Partnership Against Terrorism capabilities. DSC will help […]
“We continue to work diligently with all marine terminals, rail service providers, partner lines, port authority, however, we do not expect normal service to be restored until approximately middle of September 2013,” the carrier said.
The three major Japanese shipping companies released profitable first quarters for the period ending June 30, compared to losses in the same period last year. All three ocean carriers have fiscal years that begin April 1.
With the ABF National Master Freight Agreement still not completely adopted, the International Brotherhood of Teamsters and ABF have reached another contract extension through Aug. 31. Union members have to vote on six supplemental agreements to the contract. A majority of Teamsters ratified the ABF National Freight Agreement in June. “We remain […]
The truck brokerage and third party logistics company XPO Logistics on Wednesday reported a net loss of $17.4 million in the second quarter, despite revenue rising 151.4 percent to $137.1 million. The company said the loss reflected “the positive impact of acquisitions from prior periods and significant organic growth, offset by planned strategic […]
The liner carrier Zim said Wednesday it has joined the Clean Cargo Working Group, a coalition of ocean carriers, shippers, and intermediaries that’s aiming to set industry standards and guidelines for environmental performance. “CCWG tools represent the industry standard for measuring and reporting ocean carriers’ environmental performance on carbon-dioxide (CO2) emissions,” Zim said […]
