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.
“We believe the slight drop is partly attributable to tempered expectations by coal shippers, who represented a minority of our survey participants, but provided especially negative feedback on pricing outlook,” the analyst wrote.
The U.S. Federal Aviation Administration on Wednesday published a new rule designed to increase airline safety by requiring greater qualification standards for co-pilots. The final rule mandates that first officers for U.S. airlines hold a commercial pilot certificate requiring them to log 1,500 hours of flying time before becoming a co-pilot. Previously, they needed […]
Non-vessel-operating common carrier Shipco Transport has started direct less-than containerload services from New York to Rio de Janeiro and Itajai (Navegantes), Brazil, with its WorldWide Alliance partner Allink Transportes Internacionais. The NVO said the new services will “significantly improve transit times from U.S. North East, Midwest and Pacific Northwest origins feeding into the […]
The liner carriers APL, ANL, and Hanjin Shipping said Tuesday they will cooperate on a new service linking Asia, Australia, and New Zealand. The weekly service, to be called the NAX, is due to start Sept. 1 and will see each of the carriers provide two 2,200-TEU ships. It will have a rotation […]
A fire Friday aboard a Boeing 787 Dreamliner parked at London’s Heathrow International immediately led to concerns that lithium battery problems on the new aircraft had resurfaced, but British investigators have ruled this out.
The truck brokerage and third-party logistics company said Monday it acquired 3PD Inc. in a deal worth $365 million. Based in Atlanta, 3PD was founded in 2001 to capitalize on the last-mile logistics segment serving retail shippers.
The Swiss forwarding giant achieved a 3.3-percent, year-over-year revenue increase during the first half of 2013, ending the period at CHF 10.39 million ($10.94 million). For the second quarter, revenue increased 1.4 percent.
Some private fleets have seen a 10-percent degradation in utilization since the federal government’s new hours of service regulations were imposed on July 1. The hit seems to have less of an impact on the over-the-road fleets.
French liner carrier CMA CGM said it will upgrade its round-the-world “Panama Direct” service from fortnightly to a weekly frequency, starting with the departure of CMA CGM Manet from Tilbury on Sept. 18. The service will call these ports in the following rotation: Tilbury, Rotterdam, Dunkirk, Le Havre, New York, Savannah, Kingston, Cartagena, Papeete, […]
