The U.S. Senate on Thursday passed a Water Resources Development Act reauthorization bill by a vote of 83 to 14 that sets the stage for Congress to appropriate money for the U.S. Army Corps of Engineers to spend on maintenance of harbors and inland waterways, and for deepening and other water-related projects. Congress […]
Mark Ivey Sheppard, vice president for trade and development for the Alabama State Port Authority, died Tuesday at his home following a brief illness. He was 61 years old. “Mark Sheppard’s sudden passing comes as a deep shock to our maritime and international trade community,” said James K. Lyons, director and chief executive […]
Heavy ice cover on the Great Lakes that stretched well into April slowed resumption of the region’s limestone trade, according to the Lake Carriers’ Association. Shipments totaled only 1.8 million tons, a decrease of 28 percent compared to a year ago. Loadings are 21 percent off the month’s 5-year average. Shipments from U.S. […]
The U.S. Grains Council (USGC), along with the National Corn Growers Association (NCGA), MAIZAR, representing Argentinian producers and the maize supply chain, and ABRAMILHO (Brazilian Association of Corn Producers) signed a memorandum of understanding this week to form an alliance of North and South American corn producers to collaborate to address key issues concerning […]
After a year-long review of substance-impaired driving in the trucking industry, the National Transportation Safety Board has issued recommendations for reducing the legal alcohol driving limit; ramping up the use of interlock devices; and beefing up penalties for non-compliance. According to a NTSB report, the new legal blood-alcohol limit for drivers should drop from […]
The German liner carrier said “Europe-America and Far East services contributed in particular to this growth. Pleasing performance was seen, too, in some of the inter-America services.” Mediterranean services fell below expectations.
The liner carrier had a net loss of 93.6 million euros ($120 million) in the first quarter 2013, but considered an improvement over the net loss of 132.4 million euros recorded in the same period a year earlier.
The port handled 179,370 TEUs for the month, an increase of 9,726 units compared with April 2012. Export TEUs tallied 96,261 and import TEUs were 83,109, an increase of 6.1 and 5.3 percent, respectively.
Hapag-Lloyd has announced substantial rate increases and a peak season surcharge in the Asia-Europe trade. They include: $1,000-per-TEU general rate increase on the Far East Westbound trade, effective July 1. This increase applies to shipments from East Asia (excluding Japan) to all North Europe and Mediterranean (excluding South and West Africa) destinations. Implementation […]
FedEx is paying $5.2 million to build the 22-acre facility, which will include 55,000 square feet of office space. New York State has committed $2.56 million in tax credits, and FedEx will receive another $1.9 million in tax relief from Erie County.
Undersecretary of Commerce for International Trade Francisco Sánchez will lead a civil nuclear trade policy mission to Vietnam and China, May 17-23. Representatives from 18 companies, law firms, and industry associations will join U.S. government officials on the mission, which will make stops in Hanoi, Vietnam; and Beijing and Ningbo, China. Sánchez […]
The Montreal Port Authority said the Canadian Coast Guard has authorized the passage of vessels up to 44 meters wide in the Quebec-Montreal section of the St. Lawrence navigation channel, which will allow post-Panamax vessels carrying 6,000 TEUs to reach Montreal. Previously, the maximum width of ships allowed to travel in the channel […]
Cathay Pacific saw cargo activity fall 0.6 percent, year over year, to 123,805 tons in April as capacity ticked up by 1.5 percent. So far this year, cargo tonnage has fallen 1.2 percent on a 3.2-percent capacity rise. The Asian air carrier’s James Woodrow said the cargo market still hasn’t recovered from […]
A half dozen container shipping lines say they will restructure their services between the Far East and South America east coast. The Chilean carrier CSAV said the changes are being made “in view of continuous challenging trading conditions” in the trade. It said that effective from July, CSAV, China Shipping, CMA CGM, Hamburg […]
Total revenues at LATAM Airlines inched up 1.5 percent, year over year, to $3.4 billon on the strength of the carrier’s passenger revenues, while cargo revenues fell 3.2 percent during the first quarter. As the group continues putting together the LAN and TAM businesses, it saw operating income shoot up 149.8 percent during […]
Yusen Logistics (Americas) will open a new 229,000-square-foot warehouse in Chicago on May 20 that will employ 170 people. The warehouse will include 185,000 square feet dedicated to distribution and container freight station services, a climate-controlled area of 15,000 square feet, with separate freezer and refrigerated units totaling 3,000 square feet to accommodate […]
Last month, Genesee & Wyoming’s consolidated carloads increased by 7.3 percent, year over year, to 157,700, with the company’s North American activity increasing by 6.4 percent. Analysts at BB&T Capital Markets have anticipated a second-quarter carload result of around 472,000, an estimate which they now consider to be on the conservative side. […]
This fall, Weiss-Rohlig will relocate its North American headquarters to an 87,975-square-foot facility currently under construction in Elk Grove Village, Ill. Upon completion of the building, which is under construction by CenterPoint Properties, Weiss-Rohlig will initially lease 57 percent of the space. The move will bring Weiss-Rohlig, currently based in Des Plaines, Ill., […]
The facility proposed by TTI would receive railcars with 53-foot domestic containers full of grain and dried distillers grain with solubles and transfer the contents to standard 40-foot international containers for export.
“Changes to the arbitration rules are intended to consolidate and simplify formerly separate arbitration procedures and to encourage greater use of arbitration,” the Surface Transportation Board said. The new rules take effect June 12.
