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 […]
Austrian crane manufacturer Liebherr has opened a new $20 million sales and service center in Miami off Okeechobee and the Florida Turnpike. It will serve as a major hub for Liebherr’s maritime cranes division and further strengthen its business relations to Central and South America and the Caribbean regions, said Gernot Schranz, president […]
Brian Taylor has worked both in the public and private sector. He was COO of domestic ocean carrier Horizon Lines until November 2012 and was most recently senior vice president at New Breed Logistics in High Point, N.C.
by Cheryl Garcia, regional vice president, Global Transportation Relationship Management, U.S. Bank Freight Payment An ounce of prevention is worth a pound of cure. It’s unlikely that Benjamin Franklin was thinking about vendor internal control processes when he made this observation, but his sage advice certainly applies. Today’s supply chain networks can be multi-layered […]
April’s $0.06 uptick in east-west air freight rates evaporated in May, as the average rate per kilogram finished the month at $3.15, the same price as in March, according to Drewry’s East-West Air Freight Price Index. Year-over-year, May’s result represented a $0.10 drop in the price of air cargo. The price index takes […]
Truckers pay a fee of $5.25 to APHIS every time they cross the border, according to the Canadian Trucking Alliance, and a recent study that shows the fees aren’t generating enough revenue could lead to a larger fee.
The European Parliament has officially given the green light to begin formal talks between European and American officials toward the Transatlantic Trade and Investment Partnership. Official talks will now begin as soon as U.S. officials start negotiations, which means discussions will likely start next month or so, according to the European Union. EU […]
The U.S. Department of Agriculture today announced actions to manage the domestic sugar surplus, as required by law, while operating the sugar program at the least cost to the government. “Record-breaking yields of sugar crops and a global surplus have driven down U.S. sugar prices and USDA is required to act to stabilize […]
The Japanese carrier said the 7,041-TEU MOL Comfort sustained the crack in the Arabian Sea at around 7 a.m. local time on Monday morning while in transit from Singapore to Jeddah. India’s Coast Guard helped with the rescue.
Developers proposing to build a new canal across the Central American country are targeting operators of large ships that will not pass even through the new set of locks being build at the Panama Canal.
