Kansas City Southern ended the second quarter with revenues of $579 million, a 6 percent increase from the same period in 2012, propped up on a 3 percent uptick in carloads. Operating income for the railroad increased 12 percent, and the operating ratio rose 1.5 points. By sector, energy revenues increased by […]
DHL Global Forwarding said Friday it has started two new less-than-containerload (LCL) services from India to China. The services connect Nhava Sheva and Chennai, India’s two largest container ports, with Shanghai, the world’s busiest port. “The new direct services offer substantial saving in transit time; from Nhava Sheva to Shanghai in 17 days […]
A 1,740-TEU German-owned container vessel caught fire en route from Singapore to Durban Wednesday and is still ablaze 200 miles off the coast of Mauritius. The Liberian-flagged Hansa Brandenburg was built in 2003.
Trucking spot market rates declined across the board from the first week of July even as fuel prices rose 1 percent. Flatbed spot rates fell by 3.1 percent and reefer rates were down 2.2 percent during the week of July 7-13.
Nearly 70 percent of the truck drivers employed by the New Jersey division of Toll Group have voted to form a union and affiliate themselves with the International Brotherhood of Teamsters. The final vote, which united 112 drivers under the union, took place on July 17. According to a release by the […]
The labor union representing 2,600 UPS airline pilots has gained membership in the International Transport Workers’ Federation, a global alliance of more than 700 unions representing transportation workers. Membership gives the International Pilots Association access to unions representing UPS workers around the world, the IPA said in a statement. The UPS pilots […]
Officials have broken ground on a 700,000-square-meter cargo terminal for Emirates SkyCargo at Dubai World Central Al Maktoum International Airport. The development becomes operational in May 2014.
The talks are aimed at reducing tariffs on technology products as negotiators have sought for months to update the ITA, which was written in 1996. China is one of 20 members on the negotiation panel.
Union Pacific generated a net income of $1.1 billion during the second quarter — $100-million rise over 2012’s second-quarter results — which helped the railroad achieve its best ever quarter results on record. At $5.5 billion, operating revenues increased 5 percent, year over year, and operating income of $1.9 billion was up 9 percent. […]
As American Airlines continues to prepare for its merger with US Airways, AA Cargo finished the second quarter with $167 million in revenue, a 4.3-percent decline from the same period in 2012. Consolidated and mainline passenger revenue hit $5.6 billion and $4.9 billion, respectively, cementing a new second-quarter record for the carrier. These […]
Hansa Heavy Lift has purchased two additional F-class vessels from another shipping company, increasing its fleet size to 22 ships. The two vessels will sail under the names HHL Elbe and HHL Tyne. “We are pleased with the purchase of two further F-types to extend our fleet and to react to increasing […]
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.
