The London-based firm said its global freight rate index, which covers 600 trade routes, fell 12 percent in April to reach its lowest level since February 2012, when container shipping was still recovering from a price war.
The Kahala Posts Group (KPG), an alliance of 10 postal administrations around the world, has signed a deal with the global trade management solutions provider Amber Road aimed at increasing their competitiveness in the international delivery market. KPG member organizations include the Australian Postal Corp., China Post Group, Correos y Telégrafos SAE, Groupe […]
The logistics information technology solutions providers Descartes Systems and Freightgate have both signed deals with NetSuite, a provider of cloud-based financials and enterprise resource planning (ERP) software suites. Descartes said it has signed a SuiteCloud Developer Network agreement, with the integration of NetSuite’s SuiteCloud and Descartes’ Logistics Technology Platform intended to enable customers […]
Under the agreement, INTTRA will support APL’s global e-commerce growth strategy, as well as enhance its global customer service offerings. INTTRA said more than 2 million container orders are initiated on the INTTRA platform each month, with a network of more than 64,000 companies, shipping to and from more than 130 countries. “After […]
With the impending deadline for the Federal Motor Carrier Service Administration’s new hours-of-service regulations less than two months away, the outcome of the American Trucking Association’s legal challenge against the rule is still not clear. The ATA argued against the HOS change before a three-judge panel in Washington, D.C., on March 15, but […]
U.S. exports of transportation equipment, petroleum and coal products, processed food, and computers and electronics have risen to Colombia, while U.S. farmers saw growth for soybean, wheat, grape, pork, and dairy product shipments.
Starting with the voyage of the ship Suape Express (1316N), the GS1 will replace the northbound call of Caucedo, Dominican Republic with Cartagena, Colombia. The first call in Cartagena will be on June 10.
The facility is designed to support Ingram Micro Mobility’s growing business in Latin America. Initially, it will be dedicated to supporting the company’s mobile device lifecycle services, specifically device recovery and technical repair.
Rickmers Holding GmbH & Cie. KG, the parent of the Rickmers Group of shipping companies, intends to issue corporate bonds of up to 200 million euros ($258 million). The Hamburg-based shipping company is looking to expand its containership chartering business in the face of declining interest by many traditional banks in the shipping […]
The Coast Guard has completed an environmental assessment of a plan by the Port Authority of New York and New Jersey to increase the clearance or “air draft” beneath the Bayonne Bridge from 151 feet to 215 feet and found no significant impact, meaning a permit can be issued so work can begin on […]
DHL Supply Chain will invest 10 million euros ($12.9 million) in Vietnam over the next two years, hiring new staff, upgrading current infrastructure and building a new facility in North Vietnam. The integrator began operations in the country in 2001. DHL plans to hire 1,400 new workers in Vietnam, increasing its workforce […]
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 […]
