U.S. businesses spent $43 billion more on logistics services last year, but the cost of freight transportation and warehousing remained stable considering the 2.5 percent growth in the U.S. economy.
Christopher J. Connor, currently deputy CEO and chief commercial officer, will be located at the company’s headquarters in Lysaker, Norway. He has 32 years of experience in the logistics industry.
The firm completed the first stage of an acquisition by signing agreements to buy logistics services provider Supaswift (Pty) Ltd. in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia.
The Tampa Port Authority board of commissioners approved a 25-year agreement to allow four of the port’s major oil and gas customers to share operation, maintenance and repair of the new petroleum unloading facility.
MD Logistics has become one of only a few pharmaceutical third party logistics companies in the Indianapolis area to achieve Foreign Trade Zone status with the U.S. government. Having FTZ status means that when a shipper’s imported product arrives at a U.S. port, it can be moved immediately to MD Logistics facilities without […]
Yusen Logistics will now offer a weekly less-than-containerload service from Ho Chi Minh City, Vietnam to Los Angeles. The service features weekly sailings from Ho Chi Minh, departing on Thursday and arriving in Los Angeles 18 days later. “Over the past 12 months we have opened 51 new direct LCL services, including […]
C.H. Robinson Europe has opened a new office in Istanbul, Turkey. The logistics services provider’s Turkey office will offer international road freight services including both full and less-than-truckload transport. “With access to one of the largest contract carrier networks in Europe the team in Istanbul will look to expand that network by offering a […]
The funding follows $1 million in quick release emergency relief from the department provided the day after the collapse. The Washington State Department of Transportation will use the funds to build a new replacement span.
A new test in the Pacific Northwest by U.S. Customs authorities to see how effectively and efficiently southbound trucks from Canada can be pre-cleared before crossing the border is limited to participants in the voluntary FAST security program, but will be open to all truck drivers when the pilot program switches after six months to […]
“Every day is different in the construction field, thus companies need the flexibility to deliver contract when the customer needs it,” said Chandler Concrete Co.’s Jeffrey Dean Hinkle in response to the new federal hours of service rules.
The intemodal operator said the purchase of ERS supports its strategy of developing businesses in rail markets beyond its base market in the United Kingdom. Financial details of the transaction were not disclosed.
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.
