The global terminal operator PSA International has acquired a stake in the Fujian Jiangyin International Container Terminal (FJCT) in the Port of Fuzhou, expanding its presence in the southeast China gateway. PSA will be the second biggest shareholder in the terminal, after the Fuzhou Port Group (FPG). The stake is PSA’s third […]
PECO Pallet has opened a new depot in Hazleton, Pa. The facility, located about 95 miles north of Philadelphia, offers services such as sorting, repairing, storing, and reissuing of pallets. It will be fully ramped up by July 1, the company said.
In yesterday’s story on Walmart’s environmental fines, the retailer actually paid $81.6 million in the latest federal case concerning violations to the Clean Water Act, bringing its recent penalties paid in both state and federal court to $111 million.
The massive agriculture processor Archer Daniels Midland Co. continues to heavily invest in transportation infrastructure to move commodities around the world and expects governments and its business partners to make similar investments to support the harvest supply chain as the global population grows, according to a key company official. In an address at the […]
The logistics solutions provider Descartes Systems Group said its operating profit rose 9 percent year-on-year in its fiscal first quarter to $4.8 million. Descartes, whose quarter ended April 30, said revenue grew 14 percent to $34 million. Service revenue rose 9 percent to $30.1 million. Net income, meanwhile, rose 8 percent to $2.6 […]
Virgin Atlantic Cargo has begun using a cloud-based air messaging system from logistics solutions provider Descartes Systems Group. Virgin will use Descartes’ Global Air Messaging Gateway to help standardize and automate its air cargo processes. “Using Descartes as our sole electronic messaging provider, we benefit from increased transparency and improved efficiency across our air cargo […]
The Canadian National Railway will accelerate the upgrade of 74 miles of track in Wisconsin to handle growing demand for sand shipments used in hydraulic fracturing of shale formations by oil and gas developers in the Bakken region.
Key elements of the restructuring include centralizing port operations under the direct oversight of the VPA to align the economic development of the state with port initiatives, and eliminating duplicate levels of management and administrative functions.
Wal-Mart Stores has pleaded guilty to illegally disposing of hazardous materials at its U.S. retail stores and will pay $81 million for its six negligent violations of the Clean Water Act, according to the EPA.
A CSX freight train collided with a truck hauling trash and derailed in an industrial district in Rosedale, Md., outside of Baltimore, on Tuesday causing a large explosion and fire, according to the railroad and local news reports. Smoke from the fire could be seen for miles. CSX said the train was […]
Zim has agreed to sell its holdings in two companies that own container factories in China. Israel Corp., Zim’s parent, said the stake in the two companies would be sold for $50.5 million and that the expected capital gain from the sale would be $31.5 million. Zim did not detail what it […]
To take further advantage of the increased trade between the United States and Mexico, CEVA has added a bonded trucking program targeted at Mexican importers and a new intermodal service to its U.S.-Mexico Transborder portfolio. “Mexico Direct” will help importers achieve faster customs clearance by combining its ground LTL service on the U.S. […]
This result includes a provision of $40 million that the board of CSAV decided to make to cover possible costs as a result of investigations into breaches of free-competition regulations in the car-carrier shipping business.
An antitrust litigation firm based in Houston said it has filed a nationwide class action law suit against some of the world’s largest vehicle shipping companies, alleging price fixing of car carrier services. Susman Godrey filed the vehicle carrier case May 24 in the U.S. District Court for the Middle District of Florida. […]
Norbert Dentressangle has purchased the Italian, Spanish and Portuguese logistics operations of Fiege for an undisclosed amount. By picking up Fiege Borruso and FLI spa, a pharmaceutical operation, in Italy, Norbert has doubled the size of its holdings in the country, making it the fourth largest logistics company in Italy. Fiege, which will […]
The International Civil Aviation Organization has signed a new agreement with Canada to keep the agency in its Montreal home through November 2036. The current agreement, signed in 1996, would have expired in 2016. “ICAO is very grateful to Canada and the local Quebec and Montreal governments for their continuing efforts to facilitate […]
The United States and Saudi Arabia on Tuesday signed an Open Skies air transport agreement that will expand commercial service for shippers and travelers, following a transition period, the U.S. State Department said. The agreement will permit unrestricted air service by the airlines of both countries between and beyond the other’s territory. It […]
The 15 container shipping companies that are members of the Transpacific Stabilization Agreement are recommending a “guideline” general rate increase (GRI) for all commodities in the amount of $400 per 40-foot container (FEU) to the U.S. West Coast and $600 to all other destinations, subject to contract terms, effective July 1. The announcement […]
Promoting best practices, supporting new strategy development and encouraging research are just some of the ways to reduce global emissions, according to a recently signed document between the International Civil Aviation Organization and the Air Transport Action Group. Roberto Kobeh Gonzalez, ICAO council president, and ATAG’s Paul Steele signed the joint statement agreement […]
The third party logistics company and truck brokerage Transplace said Tuesday it has tapped New York-based private investment firm Greenbriar Equity Group LLC as its new equity partner. The 3PL serves more than 700 customers.
