The Japanese liner company said it has arranged for a patrol boat, which has already departed from Port of Jebel Ali, United Arab Emirates, to monitor the state of the vessel and cargo and prepare for tow operations.
The Stifel Transportation and Logistics Research Group wrote Thursday it appears near-shoring in Mexico is taking hold, judging from discussion at the Nearshoring Mexico Summit held last week in Dallas by Armstrong and Associates. “We heard of the northbound load imbalance from several presenters,” Stifel wrote in a note to investors. “Most agreed […]
The G6 liner carriers said Wednesday they will skip two sailings on their Asia-Europe Loop 7 service in summer as part of a planned vessel maintenance program. The sailings to be skipped will be the westbound voyage 004W27 that would have departed Qingdao July 3 and the eastbound voyage 004E32 that would have […]
FedEx secured fourth quarter fiscal year operating profits of $1.1 billion, an increase of 11 percent over the same period in 2012, the company said Wednesday. For its full fiscal year ending March 31, FedEx had operating profits of 3.2 billion, marginally lower than the previous year. Fourth quarter revenue was $11.4 billion, […]
The U.S. Court of Appeals in Washington, D.C. on Tuesday rejected a request by Delta Air Lines to vacate the U.S. Export-Import Bank’s support of sales of U.S.-manufactured aircraft to Air India. The court has asked Ex-Im Bank to further explain its financing decision for the Air India transactions, but it chose to leave undisturbed […]
The Jacksonville Port Authority’s board of directors voted Monday morning to offer its chief executive officer position to Brian W. Taylor, a former executive vice president and chief operating officer of Horizon Lines.
The Japanese liner reports its containership MOL Comfort has split in half, but that as of 7 a.m. the fore and aft sections of the 7,041-TEU ship continue to float with containers onboard in the Arabian Sea near the coast of Oman.
U.S. Bank has unveiled its Over the Road Plus card, an expansion of its Over the Road card offering, which enables drivers to easily purchase fuel at thousands of truck stops and other retailers. The new card enhances U.S. Bank’s offerings by adding checking services to use where the card is not accepted, […]
NYK Line will launch a new roll-on/roll-off service connecting U.S. East and Gulf coast ports with the west coast of South America, starting July 24. The service, called NYK Chile Express, will have a rotation of Baltimore, Jacksonville, Houston, Vera Cruz, Manzanillo (Panama), Guyaquil, Callao, Iquique, and San Antonio.
Shipments of iron ore on the Great Lakes totaled 6.4 million tons in May, an increase of 15.1 percent compared to April, the Lake Carriers’ Association said. However, the association noted the amount was a decrease of 6.6 percent compared to a year ago. Loadings also trailed the month’s long-term average by 4.8 […]
Cargolux has added twice-weekly, direct service from Hong Kong to Columbus, Ohio, using Boeing 747-8 freighters. The flights began Sunday, the same day the carrier unveiled new service into Brazil. Officials expect goods on the route to include cargo associated with the fashion industry. “We are pleased that we are expanding […]
Old Dominion Freight Line has relocated its Fort Wayne Service Center in Indiana to an expanded, 71-door, newly constructed facility. The center, which officials call state-of-the-art, will employ 44 people. “The improved facility allows OD to maintain its strong rate of growth in Fort Wayne,” the carrier’s Randy Barton said in a […]
Pilot Freight Services has opened a new station in A Coruna, Spain, and plans to open additional offices in Barcelona and Madrid by the end of 2013. The company, which recently reported $500 million in revenue for 2012, opened its first European station in Amsterdam in 2011. “We’ve gotten a lot […]
The United States and Canada on Monday began a limited demonstration program at the Blaine, Wash.-Surrey, British Columbia port of entry for pre-inspecting U.S.-bound trucks in Canada instead of at the border.
The Sahil Group and Sahil Freight Express will open the 44,000-square-foot packaging and warehousing facility in Mumbai by Sept. 1. The owners are currently looking for a joint-venture partner to help operate the facility, which is located near the Mumbai and Nhava Sheva ports. In specific the partner should specialize in delivering packaging to customers in […]
U.S-EU free trade negotiations. The United States and European Union announced during the G-8 Summit in Ireland that they would begin formal trade negotiations the week of July 8 in Washington. U.S. and European Commission officials have been making preliminary plans for talks since the beginning of the year and the announcement follows final […]
The portal-based ocean shipping e-commerce network on Tuesday unveiled a new application designed to reduce the millions of manual transactions ocean carriers process annually.
Shippers reported no major swings in rates and capacity on the eastbound transpacific lane, according to the results of the latest American Shipper Transpacific Pulse survey. Nearly 60 shippers were polled in the survey, conducted May 31-June 7. More than 70 percent of respondents said their rates had either remained the same or […]
Early aircraft retirement, a $1.7-billion profit improvement program and improvement in its express segment are reasons why Cowen and Co. is anticipating slightly better performance from FedEx stocks when the company releases its fiscal fourth-quarter numbers Wednesday morning. Cowen predicts a lower earnings-per-share number than most analysts, but sees the steps FedEx is […]
The three largest container shipping carriers in the world, Maersk Line, Mediterranean Shipping Co. and CMA CGM, said this morning they have agreed in principle to establish a long-term operational alliance on East–West trades, which they’re calling the “P3 Network.” The carriers said the P3 Network would initially operate 255 ships with 2.6 […]
