After a 0.2-percent decrease in March, U.S. import prices continued to fall, declining by 0.5 percent in April, according to the U.S. Bureau of Labor Statistics. Export pricing also continued to decrease, falling by 0.7 percent in April after a 0.5-percent decrease a month earlier. While consumer good imports rose by 0.3-percent […]
CEVA has opened the 20,000-square-meter “City of Pharma,” a healthcare warehousing and handling facility, in Stradella, Italy. The area can be doubled in a short time to address future market demands, the company said. The integrated logistics hub places many different companies from the same industry in one location. According to a press […]
Preparations for upcoming negotiations between the United States and European Union on a transatlantic free trade and investment agreement were on the agenda Monday when U.K. Prime Minister David Cameron visited the White House. The United States and European Union enjoy the world’s largest economic relationship, accounting for a third of total goods and services […]
Liner revenue for the APL parent company fell 2 percent to nearly $2 billion, falling in line with container volume which also dropped 2 percent to 772,000 TEUs. Logistics revenue increased 8 percent to $427 million.
The Port of Virginia set a record Saturday for handling the heaviest containership on the U.S. East Coast when the MSC Chicago sailed through the 50-foot channel with export cargo at a draft of 49 feet.
During the first quarter, DHL increased its revenues by 0.6 percent, year over year, to 13.4 billion euros ($17.4 billion), and before-tax earnings rose by 4 percent to 427 million euros ($553.9 million). Net income increased by 45 percent, year over year, but net profits fell to 498 million euros ($646 million) from […]
Matsuda David T. Matsuda, head of the Maritime Administration, plans to leave the agency at the end of the month. In a memorandum sent to industry leaders to thank them for their assistance during his tenure, Matsuda said he “recently made the difficult decision to move on from my position at the Maritime […]
Old Dominion Freight Line expects daily tonnage to grow by 4.5 percent to 5 percent, year over year, during the second quarter, an affirmation of previous predictions. Revenue per hundredweight, excluding fuel surcharges, should rise by between 1.5 percent and 2 percent in the same time period, the less-than-truckload carrier said. In […]
“We want to give credit to ABF for rejecting this gambit, and we now will demand from YRC a full accounting of the calculations and decisions that went into their latest misstep,” said Teamsters general president James Hoffa.
SeaIntel Maritime Analysis says some carriers appear to be moving freight in the Asia-Europe trade lane at below the price of fuel. In the most recent issue of its SeaIntel Sunday Spotlight newsletter, the company says it calculated the average bunker adjustment factor for the trade by averaging those of the top 15 […]
In a speech last week in London, Larry Coyne, CEO of Coyne Airways, said U.K. logistics firms are vulnerable to losing out on business to companies in mainland Europe if the capacity crunch is not addressed.
United Arab Shipping Co. said an explosion Saturday morning in the engine room of its ship Asir, while en route from Suez to Jeddah, injured three officers. The ship is adrift and the company has entered into towage contracts to move it to its destination in Jeddah. Another UASC vessel, Jebel Ali, is providing […]
Lloyd’s List reported China Shipping Group Chairman Li Shaode has confirmed the five 18,400-TEU ships his company has ordered will be deployed in a 10-year joint service with United Arab Shipping Co. American Shipper was not able to confirm the report with UASC that it will order ships similar in size to those that China […]
The Port of Seattle promoted Kurt Beckett to deputy chief executive officer with primary responsibility for port infrastructure development and internal operations. The move will allow Tay Yoshitani, the port’s CEO, to focus on business development, attracting new shipping lines and air services to Seattle, and advancing policy issues central to the port’s […]
Transportation Worker Identification Credentials, or TWIC cards, were described as a “joke” during hearings before the U.S. House of Representative’s Oversight and Government Reform Subcommittee last week. The hearings came as the Government Accountability Office issued a report that said 11 years after initiation of the program the Department of Homeland Security “has not demonstrated how, […]
Non-vessel-operating common carrier CaroTrans said Monday it is expanding its network into the Baltic and Commonwealth of Independent States (CIS) markets, including services into Russia. The first of what CaroTrans said will be “many future services” is a direct, weekly less-than container load (LCL) and full container load (FCL) export service from New York […]
Legislation gives agency flexibility to move money from its Airport Improvement Program to the personnel account to cover $637 million in planned cuts that would have required controllers to take a day of unpaid leave every two weeks.
Airbus, Air Canada and BioFuelNet Canada have formed a partnership to look into the long-term production of biofuels for Air Canada, with the first assessment due by the end of the year. The group is tasked with studying the different biofuels materials and processes, measuring the overall success of each method, and exploring […]
Charles “Wick” Moorman will give up his duties as president of Norfolk Southern Corp. to James Squires, who has been promoted from vice president administration, effective June 1, the company announced Friday along with a series of changes at the vice presidential level. Moorman will remain chairman and chief executive officer of the Norfolk, […]
The port has lay-down space for wind towers, blades, cable and other hardware and equipment at its 285-acre Portsmouth Marine Terminal, which recently was converted to a breakbulk and roll-on/roll-off cargo facility.
