The 15 container shipping lines that belong to the Transpacific Stabilization Agreement (TSA) on Monday announced a “guideline” peak season surcharge of $400 per 40-foot container from Asia to all U.S. destinations, effective Aug. 1. They also indicated recommendations for further rate increases may be forthcoming. The carriers announced the peak season surcharge […]
Harrington MOL (America) Inc. has appointed Tim Harrington to vice president of Canada and head of MOL (Canada). Harrington will be responsible for sales, customer service, and operations to serve the Canadian market. He will be located in Toronto, and report to Richard Craig, senior vice president of operations for MOL (America). Harrington […]
TOTE Logistics, a subsidiary of Saltchuk, has appointed Linda Leary to vice president of commercial development of TOTE Logistics, Carlile’s parent company. Based in Anchorage, her new role will be overseeing the sales and marketing department of Carlile, TOTE Logistics, and Spectrum. Carlile, one of Alaska’s largest trucking companies, was acquired by Saltchuk […]
The U.S. Federal Motor Carrier Safety Administration’s new hours-of-service rules, which regulate the amount of break time truckers need to take during a shift, among other things, have gone into full effect as of July 1.
The Japanese liner carrier said Saturday evening that it’s continuing to tow the fore portion of MOL Comfort, which broke in half on June 17 in the Indian Ocean. The aft part of the ship sank with most of its boxes.
After 17 years bogged down in Washington bureaucracy, the Florida port has passed a major milestone in its effort to excavate mud and sand from its channel to enable passage by much larger cargo vessels.
The European Commission has proposed creating an EU-wide legal framework that would require shipowners using EU ports to monitor and report carbon dioxide emissions starting in 2018. The European Parliament and the European Council must approve the proposal before it becomes law. Monitoring would include voyages between, to and from all ports […]
FSI’s intent to invest in CMA CGM was first announced in February, when the carrier unveiled a financial restructuring designed to inject roughly $625 million into CMA CGM’s coffers through investment and debt refinancing.
CenterPoint Properties has closed the deal on a one-million-square-foot, six-building acquisition in Houston for $42.6 million. The seller, TA Associates, was represented by Trent Agnew and Rusty Tamlyn of HFF. “This transaction proves our commitment to a thriving industrial market that serves our mission of investment in port, rail and intermodal-related facilities,” […]
Over the next 20 years, the airline industry, as a whole, will need to attract $4 trillion to $5 trillion in outside investment to ensure future connectivity demand is achieved, according to a recent study by the International Air Transport Association and McKinsey & Co. A poor return on airline investment is at […]
AGS has unveiled 800SameDay, a service that guarantees delivery throughout the United States on the same day goods are shipped. According to AGS Chief Executive Officer Jim Tucci, the affordable service can, in some cases, be lower than some overnight services offered by AGS’ competitors. “We live in the age of now,” he […]
After declining for more than a year, the Shanghai Containerized Freight Index (SCFI) spiked sharply higher on Friday, apparently in anticipation of general rate increases (GRIs) that carriers have announced for July 1. The SCFI, a weighted index of estimated spot rates from Shanghai to 15 parts of the world as estimated each week […]
Momentum Transportation USA, an independent Landstar agency, has acquired Suncoast Ocean Lines, a freight forwarder and non-vessel-operating common carrier based in North Ft. Myers, Fla. Financial terms of the deal were not disclosed. “The addition of Suncoast to the Momentum team adds to our international capabilities, and specifically increases our capacity to […]
Burkhard Eling has taken over the Finance, Legal, and Tax (FLT) Department at third partly logistics services provider Dachser. He succeeds Dieter Truxius, who will remain a member of the company’s management until he retires at the end of the year. Since June 1, 2012, Eling, has served as deputy head of […]
Frank Baragona, a long-time veteran of the shipping industry, had served as head of CMA CGM America the past nine years. His departure will spark a reorganization at the French line’s offices in Virginia.
The drivers’ union employed at less-than-truckload carrier ABF Freight System have voted to approve the national portion of the master freight agreement as well as 21 of the 27 supplements.
Direct ChassisLink Inc. (DCLI) said it has acquired the U.S. chassis fleet of Hyundai Merchant Marine. DCLI said it will add “over 23,000 well-maintained, strategically located chassis.” In addition, Hyundai has entered into a long-term agreement under which DCLI will be the carrier’s exclusive chassis provider in the United States. The deal […]
Maher Terminals has had difficulties integrating a new terminal system at its facility in the Port of New York and New Jersey, forcing 11 vessels as of Friday to be diverted to other terminals in the port over the past two weeks.
Adkins UPS on Friday named former IBM senior vice president of corporate strategy Rodney Adkins as a company director effective immediately. Adkins will serve on UPS’ audit committee and his appointment expands the UPS board to 13 directors. He will stand for election to a regular one-year term at UPS’s annual shareholders’ meeting […]
Penny Pritzker was nominated by President Obama to serve as commerce secretary on May 9. On Thursday, the Senate unanimously voted to confirm Charlotte Mayor Anthony Foxx as the country’s next transportation secretary.
