The United States and Burma have signed a Trade and Investment Framework Agreement (TIFA) on Tuesday, establishing a platform for ongoing dialogue and cooperation on trade and investment issues between the two governments.
Wallenius Wilhelmsen Logistics will manage vehicle processing for the 78,000-square-foot Subaru facility at the Port of Brunswick, Ga., starting in July. With the agreement, WWL becomes the automaker’s supplier for the Southeast United States. The contract includes import processing, accessory installation, transportation preparations and pre-delivery inspections. The company also manages Subaru holdings […]
MOL said it will open its own office in Canada and operate as MOL (Canada) on July 31, ending 53 years of representation of its liner business by the agency Montship. All other agent agreements between MOL’s non-liner divisions and Montship will continue without interruption. “Montship has been a fantastic partner for MOL […]
DHL Supply Chain announced that it will invest INR 650 million ($11.7 million) in its new 320,000-square-foot warehouse in Luhari, Delhi, anchored by Proctor & Gamble. The company is planning additional facilities in Ahmedabad, Bengaluru and Chennai in 2013. The new facility, and the forthcoming construction, is part of the INR 6.85 […]
Canadian retail sales stayed flat in March at $39.5 billion, according to Statistics Canada. Retail volume rose 0.7 percent over February when price-change effects were removed from the equation. Clothing sales bumped up 3.1 percent, while motor vehicle and parts sales rose 0.7 percent, seeing an increase in activity for the third month […]
Con-way Freight is planning to break ground on an $8 million, 47,000-square-foot service center in Fond du Lac, Wis., in June. The facility, which will replace a current 27-year-old facility, is expected to deliver by March 2014. The 21-acre property in the city’s Fox Ridge Business Park will feature 96 dock doors, […]
The money will be used to develop the legal system in the affected countries, strengthen financial oversight systems that could prevent the flow of money to pirates, share expertise and training, and provide security support.
A 7 percent wage reduction, but no major cuts to health or pension benefits are amid the details of the tentative contract between the less-than-truckload carrier and its union drivers. A union vote on the proposal is set for June 3.
COSCO Pacific has entered into a conditional agreement to sell its 21.8 percent indirect interest in CIMC for $1.2 billion to Long Honor Investments Ltd., which today has a small 0.95 percent stake in the company.
The third party logistics provider’s revenue dropped 6 percent, year over year, in the first quarter to 1.6 billion euros ($2.06 billion), and adjusted earnings dropped from 66 million euros to 31 million euros.
Mediterranean Shipping Co. said it will start a new service connecting Port Everglades, Fla., with Caucedo and Rio Haina in the Dominican Republic, beginning in mid-June. The service will offer transit times of 3-4 days. – Chris Dupin
Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced they will cooperate on a new service between China, Taiwan, and Australia. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEUs. Evergreen Line and Yang Ming will contribute two vessels each while Pacific International Lines and Sinotrans will provide […]
Polar Air Cargo Worldwide is adding two weekly flights between Hong Kong and Cincinnati in June. The airline will also add two Boeing 767-300 freighter services between Asia and Australia starting next month. The first 767-300 all-cargo flight will operate via Tokyo, Sydney and Incheon, with the second providing service to Taipei, Nagoya […]
The Truckload Carriers Association and Truckers Against Trafficking have teamed up to educate and train truckers on how to recognize and report sex trafficking, a crime that has been reported in every U.S. state. TCA will now start giving tests to truckers around the country so they can become a Certified Trucker Against […]
Va. Gov. McDonnell signs landmark transportation bill. Virginia Gov. Bob McDonnell last week signed the breakthrough transportation funding bill passed by the General Assembly in March. The “Virginia’s Road to the Future” bill, the first comprehensive transportation funding plan in 27 years, provides an additional $3.5 billion in funding by 2018 for new road […]
Gov. Scott The budget signed Monday by Florida Gov. Rick Scott includes a record $278 million for development of the the state’s 15 seaports. Port directors applauded Scott for making ports and trade a priority of his economic agenda. Florida is providing $112 million toward the $181 million cost of dredging the Port of […]
Ocean carrier Sea Star Line has appointed Tim Nolan to executive vice president. Nolan has an extensive background in liner shipping, including management experience in Chile, as well as the Latin America and Caribbean trades. He has also been involved in business development and international logistics. Most recently he was senior vice president and […]
The National Oceanographic and Atmospheric Administration said Monday it had forwarded to the U.S. Coast Guard a new report about 36 sunken vessels scattered across the U.S. seafloor that could pose an oil pollution threat. Seventeen of the ships were recommended for further assessment and potential removal of both fuel oil and oil […]
Officials at the U.S. Agency for International Development have launched an initiative with Tunisia to establish trade in the region and internationally, and encourage the local growth of small and midsized businesses. The Office of the United States Trade Representative helped develop the initiative, which is part of the U.S-Tunisia Trade and Investment […]
Air freight rates out of Asia are slowly inching back up to February’s yearly high of $3.32 per kilogram, ending April at $3.21 per kilogram, a rise of $0.06 over March’s figure, according to the Drewry East-West Air Freight Price Index. The index measures the average per-kilogram price paid by forwarders to airlines […]
