Truckload linehaul rates rose 2 percent in April, continuing a slow but steady price increase seen the beginning of the year, according to Cass Information Systems. Intermodal only showed a slight bump of 0.3 percent in per-mile costs. Linehaul rates started the year with a 2.4-percent rise, which grew to 3.3 percent […]
The group formalized best practices for electronic invoice submission and receipt, while also moving forward to develop standards for the credit note process and complimentary EDI message guidelines.
A friend of mine who dabbled in filmmaking has always been troubled by the decision of the Academy of Motion Picture Arts and Sciences to award the 2004 Best Picture Oscar to Million Dollar Baby instead of The Aviator. His theory is this: while both are great, enjoyable films, the sheer scale of […]
This 60-minute interactive discussion will look at efforts to increase usage of e-invoicing in the ocean freight market, how standardization of the industry might help, and what billers and payers should know going forward. Key discussion areas will include: Why adoption of electronic invoicing and payment in the ocean freight market has lagged other modes The […]
“An ambitious and comprehensive agreement would give a badly-needed, low-cost boost to our economies,” member Vital Moreira said before the vote.
Hapag-Lloyd is launching a new service linking 10 ports in Italy, Turkey and Egypt. The first sailing in the new Levante Express Service (LEX) will depart June 18 from Cagliari. Three vessels with approximate capacity of 1,400 TEU each will operate in this rotation: Cagliari, Alexandria, Damietta, Port Said, Mersin, Izmir, Cagliari, Genoa, […]
“We want to make a more direct effort to capture more of these retirees who seem well suited for this type of work,” said Art Moye, executive vice president of the Virginia Maritime Association.
HSH Nordbank, one of the world’s leading shipping banks, said Wednesday it is has developed “an innovative financing solution for vessels, which are either in insolvency already or on the brink of filing for insolvency” together with the Navios shipping group. Navios Group’s shipping companies, with financing assistance by HSH Nordbank, will buy […]
The Norwegian ship investment company SinOceanic Shipping said Thursday that, on behalf of unnamed foreign interests, it has entered into a contract with Jinhai Heavy Industries in China to build 10 x 8,800 TEU “state-of-the art, super eco containerships.” The total transaction, consisting of the combined value of the vessels and the charter […]
Maersk Line said a major milestone was reached today with the “semi-launch” of the first of the 20 Triple-E containerships that Daewoo shipyard is building for the company in Okpo, Korea.
Workforce Florida Inc. last week announced the availability of a $2 million Quick Response Training Challenge Grant for employers in Florida’s logistics and trade industry.
Loaded inbound volumes at seven West Coast ports will see a 0.9-percent, year over year, decline during the second quarter of the year, ending the period at 2.8 million TEUs, according to Global Port Tracker. In the third quarter, though, volume will increase by 2 percent to 2.99 million TEUs, followed by a […]
The Georgia Ports Authority said Subaru will start importing five of its models through the Port of Brunswick. Subaru National Transportation Manager Larry Strug said the deepwater port at Brunswick will serve two zones in Subaru’s national distribution network. The zones cover an area from North Carolina to Florida. Other import terminals include […]
The Port of Houston Authority’s commission Tuesday awarded a contract worth nearly $50 million to Konecranes Finland Corp. for four electric wharf cranes at Barbours Cut Container Terminal. The commission also amended a contract with Konecranes for eight diesel electric container yard cranes for Barbours Cut to include three additional diesel electric container […]
The U.S. Transportation Department on Wednesday awarded a $10.9 million TIGER 2012 grant to the City of West Memphis, Ark., to expand the city’s port. “Once the expansion is complete, the port will be able to handle increased freight rail capacity, helping businesses send more goods to markets across the country. It will […]
“We had to restructure and reorganize and become more like an asset manager, and that is what we did,” Tobias König, CEO of the company, said in a telephone interview with American Shipper.
The ocean carrier’s liner services group is adding more than 3,000 pieces of cargo handling equipment to its fleet. The new equipment will be used to serve shippers in its Puerto Rico, Caribbean and Latin America services.
Third-party logistics providers will see 2013 revenues of $148.4 million, an increase of 4.6 percent, according to a recently released report by Armstrong & Associates. Revenues of third-party logistics providers in the United States increased by 6 percent, year over year, in 2012 to $141.8 billion. According to Armstrong & Associates, the compound […]
Based on data gathered by the American Trucking Associations’ members, domestic tonnage fell in April after seeing a rise in March. The ATA’s seasonally adjusted tonnage index ended last month, down 0.2 percent after being up 0.9 percent in March. Compared to last April, the tonnage index rose 4.3 percent, the largest […]
Non-vessel-operating common carrier Shipco Transport will start a joint venture with its longtime partner and agent Profreight in Auckland, New Zealand. Shipco New Zealand will take over all activities currently handled by Profreight in Auckland and will be staffed with the current Profreight employees. Gary Sayles will serve as managing director of the […]
