Press reports in the Financial Times and Reuters cited a filing with the Tel Aviv Stock Exchange that they say indicated Israel Corp. is planning to spin off its non-chemical businesses into a new company that would include Zim.
The Coalition for Employment through Exports said on Tuesday changes to the U.S. Export-Import Bank requirement could help boost the competitiveness of U.S. exporters and support U.S. trade-related employment.
The company said it will increase its activity in the market by opening a new project management office in Singapore and building two new heavy-lift deck cargo barges for dedicated use in the region.
While UPS employees represented by the International Brotherhood of Teamsters on Tuesday voted to approve a new national master contract, the union informed the company the agreement covering UPS Freight employees and some local agreements will require additional negotiation. “It will be ‘business as usual’ while UPS and the IBT resolve remaining issues […]
Its initial mission will be to help DOT come up with a national freight strategic plan as required by law and recommend what the administration needs in the next surface transportation bill to be debated during the next year.
Domestic truck carriers, particularly large ones, continue to rely less and less on freight brokers, according to research from Transport Capital Partners. The firm surveys carriers twice annually and has found in each of its last five surveys (since the first quarter of 2011) that brokered freight services as a share of total […]
The U.S. Commerce Department announced the nation’s Gross Domestic Product grew 1.8 percent in the first quarter, a significant downward revision from its earlier estimate of 2.4 percent. The final estimate, which is based on more complete data, shows exports declined 1.1 percent during the quarter compared with a decrease of 2.8 percent in […]
Atlanta-based freight forwarder Cargo Brokers International will use the ediEnterprise system developed by forwarder and logistics enterprise system developer CargoWise. Cargo Brokers Chief Executive Officer Carsten Steinmetz said ediEnterprise was selected because of its tightly integrated warehouse management solution with operational and accounting functions. “We had been on our legacy system for […]
Construction of the new “Liverpool2” terminal has begun at the Port of Liverpool in the United Kingdom. Mark Whitworth, chief executive of Peel Ports Group, parent company of the Mersey Docks and Harbour Co., said construction on the 300 million pound ($461 million) container terminal has begun, which will involve removal of more than […]
A court appeal hearing at the Highest Economic Court in Kiev, Ukraine, for cargo handler Swissport International to try to regain legal control of its former operation in the country was postponed Tuesday and will take place in two weeks. Swissport had appealed to the court in mid-April after having lost its business […]
The United States is now a “listed” country with the European Commission, so that U.S. pharmaceutical companies need not obtain an export certificate from the Food and Drug Administration before shipping certain products to Europe. Without the waiver, all U.S. companies shipping active pharmaceutical ingredients (APIs) to Europe after July 1, 2013, would […]
A congressional watchdog agency found that among 56 petitions filed between 2007 and 2012 for relief from unfair trade practices only 21 included at least one small to midsized petitioner. Small and midsized companies are defined by the Small Business Administration’s Office of Advocacy as independent businesses with fewer than 500 employees. […]
FedEx Trade Networks, the freight forwarding arm of FedEx Corp., has set up operations in Dublin as part of its ongoing expansion. The Dublin office is the company’s 24th in Europe, and is located close to the Dublin airport, seaport and key motorways. “Dublin is an important transport hub for the medical device, […]
American Shipper, in partnership with the Council of Supply Chain Management Professionals (CSCMP) and the Retail Industry Leaders Association (RILA), surveyed roughly 230 transportation buyers on procurement practices, processes, technologies and results. Key discussion areas will include: Transportation spend and contract rates Length of negotiations and timeframe to implementation Assessing bids and timing procurement events Procurement […]
In the IT world that exists outside logistics, there are a few more buzzy concepts than in-memory computing (IMC). The dual heavyweights of enterprise resource planning — SAP and Oracle — have both unveiled in-memory database technologies across their range of solutions in the past year. Expect more specialized providers to do likewise. […]
Global shippers try to influence end to hazardous sweatshops in Bangladesh. By Jon Ross On April 24, more than 1,000 workers sewing T-shirts, shorts and other clothing in a Bangladesh garment factory died when the building suddenly collapsed. In November, a fire at another factory in the region killed 112 people. Facing these devastating […]
Everyone in logistics deals with some mixture of tight lead times, proprietary customer information, and expedited movements. But few, if any, deal with those elements on the scale that Ingram Micro Mobility does. That’s because the company, formerly known as Brightpoint, is one of the largest logistics vendors to the mobile phone industry. […]
Publically, ocean carriers have long been keen for their services not to be categorized as a commodity, even as rates drop to below cost levels on certain lanes, as carriers increasingly group together on fewer, but larger services, and as the apparent differentiation between slots on two ships seems to be nil. But […]
The U.S. Department of Transportation is wading into a sticky thicket after a provision in last year’s MAP-21 transportation law mandated a study on the controversial issue of increasing federal standards for the size and weight of tractor-trailers. Industry officials hope that the study will definitely silence critics who say longer, heavier vehicles […]
Last year, air cargo industry groups, likely fed up with an all-or-nothing approach to e-freight that was getting nobody anywhere, introduced a piecemeal approach aimed at easing the air cargo industry into the 21st century. Starting with the air waybill, the plan was to get carriers, airports, forwarders and shippers slowly on board […]
