Teamsters agree to meet some of LTL trucker’s new work conditions. By Jon Ross The International Brotherhood of Teamsters and ABF in recent labor negotiations have gone through three, month-long contract extensions, the leak of a proposed takeover bid by YRC, and no small amount of hand-wringing and tense discussions on their way to a […]
The roll-on/roll-off shipping companies that move cars, trucks and heavy equipment are facing a challenging year. Reporting first quarter results in May, Wilh. Wilhelmsen Holding, half-owner of Wallenius Wilhelmsen Logistics, said it had seen a continued drop in shipping volumes and a less favorable cargo mix, and expressed concern about “development within the […]
Federal role in transport investment changes as revenue stream diminishes. By Eric Kulisch Many lawmakers say they want to take steps to improve the nation’s freight infrastructure because of its role supporting jobs throughout the economy, but new efforts to document freight volumes and address challenges won’t increase efficiency unless the federal government makes substantial investments, […]
ANL Singapore Ltd. and the logistics company Agility will launch a new joint venture in Papua New Guinea July 1. ANL Agencies PNG Ltd., will primarily handle ANL’s shipping agency business throughout Papua New Guinea. Previously the ANL agency functions had been handled by Pacific Shipping Agency (PSA), which was 100-percent owned and […]
By Randy Mullett, Vice President of Government Relations and Public Affairs, Con-way Inc. Congratulations on your nomination to be the next secretary of the U.S. Department of Transportation. Changes in any administration can be an exciting and stressful process for all involved — one filled with hopeful anticipation and plenty of nervous energy… Please […]
Antwerp-based Euronav NV has signed a four-year extension of its $300 million senior secured credit facility originally signed in April 2009 and which, at the time of the extension, had an outstanding of $221 million. The facility will continue to finance six vessels: the very large crude carriers Olympia and Antarctica, and four […]
P3 Network will operate 255 ships in 29 strings with 2.6 million TEUs of capacity. By Chris Dupin The three largest container shipping carriers — Maersk Line, Mediterranean Shipping Co. and CMA CGM — announced in mid-June they plan to establish a long-term operational alliance on East-West trades next year. The “Big Three” carriers […]
Container carriers suffered in 2012, and the 2013 financial outlook appears just as bleak. By Chris Dupin Is the container shipping industry’s tide of red ink ebbing? 2012 was another tough year for container liner companies, and the outlook for 2013 is far from reassuring. Last year American Shipper estimated in 2011 […]
By Eric Kulisch Similar concerns about underinvestment and lengthy approval procedures for port and inland waterway infrastructure, including dredging to maintain current depths or deepen harbor channels, are top of mind for the maritime industry. Congress must give the go-ahead to deepen and widen ports, provide funding, and set aside money from the […]
The White House has committed to expediting the interagency approval process for transportation infrastructure projects that provide direct economic benefit beyond the city or state in which they are located. In February, President Obama set a goal of cutting in half the timelines for major projects. Reform of the federal permitting process […]
DSV has acquired its Colombian agent, Airmar Cargo S.A., strengthening its position in South America. No financial terms of the deal were disclosed. Airmar was founded in 1997 in Bogotá and has been DSV’s exclusive agent in that market since 2009. The firm’s 60 employees and branches in Bogotá, Medellin, Cali and […]
A U.S. House of Representatives’ panel established this year to identify ways to improve freight transportation efficiency in the United States toured FedEx’s main air hub and the Port of Memphis as it gathers information to make recommendations for the next surface transportation reauthorization bill next year. The Panel on 21st Century Freight Transportation […]
In March, less than five years after setting its goal, FedEx Express scored a 22 percent cumulative improvement in fuel economy for its vehicles and set a revised goal to improve the efficiency of its vehicle fleet 30 percent by 2020.
“Instead of inward-facing analysis to determine the product roadmap, we put our customers at the center of every decision,” said Jean-Francois Gagne, JDA’s chief product officer. “The end result is an integration, innovation and development path.”
The URCS is the STB’s general purpose costing system that’s used to estimate variable and total unit costs for Class I railroads, including making determinations on whether a railroad’s rates are reasonable.
The transportation management software company MercuryGate last week said it has partnered with the U.K.-based e4Data Systems to establish its Europe/Middle East/Africa region. MercuryGate TMS is widely used by global logistics service providers and shippers across all vertical markets. “We’ve always had the ability to plan and execute complex, multi-leg, cross ocean, […]
Conexus, a third-party logistics services provider based in Tulsa, Okla., has relocated its Laredo, Texas operation to a larger facility within the same city. The company first started operations in Laredo in 2006. The new office is nearly triple the size of the previous location and sits on a 15 acre campus […]
Barbican Group Holdings Ltd. has acquired Seacurus Ltd., a U.K.-based specialist marine insurance broker that’s a leading provider of marine kidnap and ransom insurance. Seacurus will continue to operate under its current brand. Details of the transaction were not been disclosed. David Reeves, chief executive officer of Barbican, said “Seacurus is an excellent […]
“I intend to use every tool to increase exports of Made-in-America goods and services, level the playing field for our people to compete and win in the global economy and fully enforce our trade rights,” he said during his swearing-in ceremony.
A study released last week by the Maritime Administration said in 2011 the U.S. private shipbuilding and repairing industry directly provided 107,240 jobs (including payroll and self-employed jobs, including part-time jobs), $7.9 billion in labor income, and $9.8 billion in Gross Domestic Product. Including direct, indirect, and induced impacts on a nationwide basis, […]
