Last year, Houston ranked No. 1 with total exports of $110 billion, an increase of 5.6 percent over 2011, while New York clinched the No. 2 spot with $102 billion in exports.
The United States was the world’s largest services market and the world’s top exporter and importer of services in 2011, the U.S. International Trade Commission said in its Recent Trends in U.S. Services Trade, 2013 Annual Report. ITC, an independent fact-finding federal agency, compiles the report annually. Each year’s report presents a qualitative […]
The non-vessel-operating common carrier (NVO) Triton Overseas Transport on Thursday said it has started weekly full container load (FCL) and less than container load (LCL) services to and from South America via the Port of Houston. The service, which was launched in the last month, connects Houston to Buenos Aires; Santos, Brazil; Valparaiso, […]
More than 85 percent of Domestic Fortune 500 companies utilize 3PLs, and the amount of money these companies spend on 3PL services has grown by 67 percent since 2005 to $250.2 billion.
Liberty Global Logistics LLC, a U.S.-based car/truck carrier, will begin monthly service to the Middle East from Providence, R.I., beginning July 27. Vessels will call ports in Lebanon, Turkey, Egypt, Libya, Jordan, Saudi Arabia, Oman, Pakistan, India, the United Arab Emirates, Iraq, and Kuwait. The initial sailing will carry 300 used vehicles, but Ports […]
U.S. import prices dropped by 0.2 percent in June, and export prices inched down by 0.1 percent following May declines of 0.7 percent and 0.5 percent, respectively, according to the Bureau of Labor Statistics. According to the bureau, the June drop in import prices was derived from lower non-fuel prices, whereas declines from […]
Ahead of its second-quarter earnings report, UPS has reduced its earnings-per-share guidance for 2013 by $0.20 per share. Second-quarter earnings are now expected to come to $1.13 per share. UPS officials blamed overcapacity in the air freight market, slowing U.S. industrial activity and shippers’ preference for lower-yielding solutions for the earnings reduction. They […]
A Costco distribution center that opened in Frederick County, Md., three years ago has worsened a problem with trucks getting stuck under a railroad pass because of the additional traffic. The State Highway Administration said Thursday it is implementing new restrictions on a section of MD Route 75 (Green Valley Road) near Monrovia, Md., to address the situation. Starting […]
The National Stevedores Association in Brasilia is concerned about privatization at a new container terminal in Santos, with union longshoremen alleging the group behind the new terminal won’t hire from a centralized agency.
The Puget Sound Clean Air Agency has selected Omnitek Engineering for a natural gas conversion pilot project targeting drayage trucks serving the Port of Seattle. The company will demonstrate diesel-to-natural gas conversions in support of the agency’s goal of meeting 2007 Environmental Protection Agency emissions standards by 2017 for an estimated 2,000 drayage […]
Ryder has opened natural gas filling stations in Fontana and Orange, Calif., steps in a larger push by the company to replace more than 1.5 gallons of diesel each year with the low-carbon alternative. The liquefied-to-compressed natural gas stations are outfitted with two compressed and one liquefied natural gas pump. The LNG and […]
The third party logistics company and truck brokerage Transplace said Wednesday the chemical distributor Brenntag will use its proprietary software-as-a-service (SaaS) transportation management system (TMS) to improve supply chain visibility and operational efficiencies. Linking chemical manufacturers and users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. The company has more than […]
While the 34 countries in the Organization for Economic Cooperation spend an average of 1 percent of GDP on transportation infrastructure, that percentage hasn’t changed since 1995, according to recent ITF data.
MOL said the fore section of its containership MOL Comfort sank Wednesday evening in the Arabian Sea. The company said the remaining section of the ship “sank in the high seas” near 19’56″N 65’25″E (water depth about 3,000 meters) at 7 p.m. on July 10. The Japanese liner company said “about 2,400 containers on board the fore […]
The department said the past four years represent the strongest period for U.S. agricultural exports in the history of the country. Farm exports in fiscal year 2012 reached $135.8 billion and supported 1 million American jobs.
Seventeen major retailers have banded together to form a work safety initiative in Bangladesh, demanding factory inspections, the development of common safety standards and the election of worker representatives.
The U.S. Export-Import Bank will back comprehensive guarantees for two HSBC loans totaling $55.6 million to support the export of American aircraft and agricultural machinery to China. The authorizations mark the 19th and 20th transactions, respectively, registered under the 2005 Framework between Ex-Im Bank and China’s Ministry of Finance to promote U.S. exports […]
Page Siplon has been appointed by the Georgia Department of Economic Development as the director of the Georgia Centers of Innovation. Bo Warren, who is currently with the Georgia Department of Agriculture, will become the director of the Georgia Center of Innovation for Agribusiness. Siplon will maintain his current role as the […]
NewPort Tank Containers and Sinochem Safe Transport said they will create a common ownership platform for combining their international, deep-sea tank container operations. The companies have worked together since 2009 under an “operating agreement,” allowing them to operate as one company, but with two separate brands. Under the new ownership structure, the partners will […]
Swissport has secured multi-year handling contracts from Etihad Cargo in Frankfurt, Munich and Vienna. Swissport will handle cargo on both passenger and freighter flights for the carrier. The company was previously certified as Etihad Cargo’s preferred handling partner, winning contracts in Athens, Geneva, Larnaca, Nairobi, Seoul and Toronto. “We are proud […]
