President Obama wrapped up a visit to South Africa, Senegal and Tanzania, where he announced an initiative to increase trade and investment in sub-Saharan Africa as well as a redoubling of efforts to combat poaching and illegal trafficking of wildlife. The Trade Africa initiative is designed to move the relationship between one of the […]
With Southern California the load center for domestic and international business, most of what’s coming out of the region is container freight stuffed into domestic containers or trailers, said investment bank Stifel.
MOL said it is continuing to tow the fore portion of the containership MOL Comfort to a port where containers can be salvaged. The company said tow wires became disconnected on July 1, but “recovery work was completed and we have resumed towing operation.” The ship’s hull fractured on June 17 and […]
The third party logistics services provider has expanded its Asia-Pacific operations to include domestic rail freight services in China, and plans to offer intercontinental intermodal service between China and Europe.
The neutral non-vessel-operating common carrier Vanguard Logistics Services said Wednesday it has begun offering customers a new application for cargo receiving. Vanguard customers will be able to view pictures of their cargo, including the marks and numbers, on the Vanguard Website within a few minutes of the cargo’s arrival at a foreign container […]
Rickmers Group said it has signed a contract for the purchase of five 2,200-TEU container vessels for more than $30 million, increasing its fleet of owned or managed ships to 97. The company said it “regards this particular vessel size as one of the few market segments with positive short-term upside potential for […]
The number of domestic freight shipments fell by 1.5 percent, year over year, last month, but the money spent on freight increased by 0.8 percent, according to the Cass Freight Index Report. Compared to May, shippers saw a miniscule, 0.09 percent bump in activity and a 3.4 percent rise in expenditures. The […]
Delta saw a 5.3 percent decline in cargo tonnage in June, with year-over-year activity dropping from 206,586 tons to 195,566 tons. For the first six months of the year, tonnage has declined 3.1 percent when compared to the same period in 2012. Cargo wasn’t the only hiccup for Delta in June. Passenger […]
The unit load device (ULD) firm Envirotainer is planning to rollout four new facilities in Amsterdam, Atlanta, Singapore and Vienna dedicated to cold-chain cargo service. The company has also banded together with CHEP Aerospace Solutions to better serve the healthcare industry. Its new collaboration with CHEP will spread Envirotainer’s container maintenance, handling and repair […]
Sea Star Line said Wednesday it has enhanced its refrigerated cargo monitoring service, StarGuard Elite Service, to provide shippers full visibility of the container’s progress 24 hours a day. The extended service is aimed, in particular, at pharmaceutical shippers, the line said. It allows customers to manage and monitor their refrigerated containers in real-time […]
A group of nine manufacturers of oil and gas drilling pipe have filed petitions with the U.S. Commerce Department and International Trade Commission requesting antidumping relief from imports of similar products from India, the Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, the Ukraine and Vietnam. The petitioners also seek countervailing duties on […]
To further strengthen its air cargo presence in Africa, Chapman Freeborn has introduced scheduled DC8-73 freighter services from Johannesburg to the Congo cities of Lubumbashi and Kinshasa. The flights have a payload of 40 tons. Chapman’s additional cargo services in Africa include weekly MD-11 flights between Johannesburg and Entebbe that offer a […]
DHL Freight has unveiled GreenLink, a new global lead logistics provider service that will consolidate all current and future LLP accounts worldwide. With the new service, the roughly 60 customers in Europe, the United States and Asia for which DHL manages logistics processes and provides optimized solutions will be grouped together. “DHL Freight […]
Last month, global air cargo capacity rose 2.1 percent, year over year, outpacing a 0.8 percent rise in traffic and causing load factors to decline to 44.9 percent, a lowpoint since the recovery.
A combination of new grade separations, such as road or rail overpasses or underpasses, and highway-rail grade crossing closures and enhancements, will allow trains on the Piedmont Corridor to travel faster and more reliably.
The International Trade Administration, which works to strengthen the competitiveness of U.S. industry around the world and is the lead agency driving President Obama’s National Export Initiative, is moving forward with consolidation after receiving approval, from congressional appropriators in early May, Francisco Sánchez, the under secretary of Commerce for international trade, recently told reporters. […]
The U.S. Surface Transportation Board is looking to fill two vacancies in its Railroad-Shipper Transportation Advisory Council that came open due to the unanticipated resignations of two members. Nominations will be taken through July 31 for a large shipper member and an at-large representative. Once elected, the new members will serve three-year terms […]
The U.S. Export-Import Bank has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to Ethiopian Airlines. Ex-Im Bank Chairman Fred P. Hochberg announced the transaction July 1 in Addis Ababa. Hochberg is in Ethiopia conducting meetings with government and business leaders as part […]
DHL Global Forwarding has won European Chemical Industry Council certification to transport chemicals in Germany, and the integrator’s facilities in Bremen, Frankfurt, Hamburg, Munich and Stuttgart have met the council’s safety requirements. “The chemical industry is an important sector for our air and ocean freight business. We are continuously analyzing this industry’s needs […]
A brief announcement said Li Yunpeng has been named director of the board and the president of COSCO Group and Wei Jiafu has retired and no longer holds any position in the company. Wei, 63, became president of COSCO in 2000.
