The U.S. Federal Maritime Commission voted Wednesday to allow foreign non-vessel-operating common carriers to enter into negotiated rate arrangements (NRAs), a move designed to ease their administrative burden and bring consistency to the tariff filing process. The revised rule, published Thursday in the Federal Register, was lauded by intermediary advocate groups in comments […]
The supply chain design software solutions provider LLamasoft said Thursday it has partnered with Drewry Maritime Research to make Drewry’s global ocean container and air freight rate benchmarks available to LLamasoft customers for use in supply chain design. LLamasoft will resell Drewry’s Container Freight Insight (CFRI) and Sea & Air Shipper Insight (SASI) […]
Clariant has introduced a new desiccant technology for containers transporting grain shipments. Clariant’s Container Dri II protects bulk grain for the length of the shipment to its final destination. The company’s desiccant bags absorb up to three-times their weight in moisture in a no-spill gel. “As the desiccant absorbs moisture, it reduces […]
Hochberg The Senate has confirmed Fred P. Hochberg to a second term as chairman and president of the U.S. Export-Import Bank. “Over the past four years, Ex-Im Bank’s financing has supported nearly 1 million American jobs and helped thousands of small businesses expand their reach into international markets,” Hochberg said in a statement. “The […]
The U.S. Transportation Department’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has updated the certification process for the transport of consumer fireworks, also known as 1.4G fireworks, making approvals more efficient while continuing to meet strict safety requirements. The new Hazardous Materials Regulations (HMR) consumer fireworks certification amendment will allow DOT-approved fireworks certification […]
In the report, Global Freight Forwarding 2012, Transportation Intelligence said the overall market grew to $125.9 billion, with ocean freight forwarding contributing $63.2 billion and air freight offering up $62.6 billion.
The Danish line’s CEO Søren Skou said this week he expects demand growth for containerized cargo to remain in the 4 to 5 percent range, not the heady 10 percent annual growth seen prior to the economic downturn.
Container traffic at the Port of Charleston grew 4 percent to 125,257 TEUs in June compared to the same month last year, according to the South Carolina Ports Authority. June also capped a strong first half for the South Atlantic port.
Total revenue increased 2 percent to $3.07 billion for the Class 1 East Coast railroad. For the first six months of 2013, net earnings grew by 3 percent to $994 million, and revenue ticked up 1 percent to $6.03 billion.
U.S. grain shipments from the U.S. and Canadian heartland through the St. Lawrence Seaway have made a “decisive comeback, posting a nearly 50 percent jump” in June from the same period last year, reported the St. Lawrence Seaway Development Corp. on Tuesday. “U.S. grain continues to rebound strongly from last season’s disappointing performance with […]
American Airlines Cargo has announced a new executive team that will take over once the carrier’s merger with US Airways is approved. Kenji Hashimoto, who currently serves as the president of AA Cargo, will be the new senior vice president of regional carriers. Hashimoto has been the head of cargo since May 2012, […]
Penn Terminals, a privately owned marine terminal and stevedoring service company, will use Master Terminal, Jade Software’s terminal operating system, for its Philadelphia facility. The terminal, based at the original site of Philadelphia’s naval shipyard, handles roughly 300,000 containers and half a million tons of mixed cargo annually. Jade said its TOS is […]
The ocean shipping and e-commerce portal INTTRA said Tuesday the South American cargo consolidator Craft Multimodal has entered into an agreement to join INTTRA’s non-vessel-operating common carrier network. Craft offers cargo consolidation for import and export services in Brazil, Argentina, Uruguay and Chile, with 180 routes throughout South America. Under the agreement, […]
West Africa has replaced Somalia as the greatest source of pirate activity against commercial vessels, according to the International Maritime Bureau’s latest global piracy report. Somali piracy attacks have fallen to their lowest levels since 2006. IMB, part of the International Chamber of Commerce, said it recorded 138 piracy incidents in the […]
The Oakland Tribune said the deal would end maritime operations at Howard Terminal near Jack London Square, which is used by Matson, and where a new baseball stadum for the Oakland Athletics could be built.
The Southern California port’s terminals moved 565,476 TEUs in June, up 1.8 percent from the same month last year. Imports increased 3.5 percent to 290,448 TEUs and exports were up 0.1 percent to 133,800 TEUs.
J.B. Hunt achieved second-quarter net earnings of $87.7 million and a 10-percent, year-over-year revenue increase to $1.38 billion. Operating income also increased, finishing the quarter up 7 percent to $147 million. According to reports, these are lower-than-expected results, but shares of J.B. Hunt closed higher yesterday after the news was released. […]
Norbert Dentressangle has acquired Daher Group’s freight forwarding activities, which achieved a revenue of 80 million euros ($105 million) last year, for an undisclosed amount. The deal, which still needs approval from the French authorities, is expected to close in the third quarter. With the acquisition, Norbert will now achieve a greater stronghold in […]
CEVA Logistics will expand to a new location in Richmond, Va., later this summer. Located at the Richmond Airport distribution center, the new facility is a multi-use site which will manage the logistics needs of several global brands, with room to expand, the third-party logistics firm said on Tuesday. Additionally, the new facility […]
The report, U.S. Import Export Product Report, 2013 (Q1), showed the value of imported goods fell 3.1 percent year-on-year, to $536 billion, mostly due to a near 20 percent drop in oil imports as domestic production increased.
