The guide was created to help U.S. small and midsized businesses overcome one of their major export challenges, how to get paid from export sales, thereby helping turn their export opportunities into sales, the Commerce department said.
XRS Corp. has realized a net income to common shareholders of $0.1 million in the second quarter of fiscal year 2013, digging itself out from under a $2.1 million loss to shareholders from the same period last year. Total revenue for the quarter declined, year over year, from $15.9 million to $14.5 million. […]
Steel exports increased in March over February by 6.1 percent based on government reporting reviewed by the American Institute for International Steel (AIIS). “The stronger showing for steel exports in March was due primarily to increased shipments to our NAFTA partners, but notably, exports increased to all other smaller export markets as well, […]
National Shipping of America (NSA) will start a new fortnightly service between Puerto Rico and the Port of Houston on May 29. The company will operate its “Isla Verde Express” service using National Glory, a U.S. flag-ship with a capacity of 570 TEUs, including 96 plugs for refrigerated containers. Torey Presti, the […]
The United States has requested consultations with Bahrain under the Labor Chapter of the U.S.-Bahrain Free Trade Agreement (FTA). The request follows a December 2012 report by the U.S. Labor Department that highlighted labor issues stemming from Bahrain’s response to civil unrest in early 2011 in the Persian Gulf country and recommended actions […]
Two former employees of a Marine Corps logistics base in Albany, Ga., have pleaded guilty to taking bribes totaling nearly $750,000 over a three-year period to provide local carriers with business from the base, according to the U.S. Justice Department. The two men — Mitchell D. Potts and Jeffrey S. Philpot — face […]
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Jolaco International Procurement, Katy, Texas (Frederick D. Coker, president); and Mohammad Abdullatif Bagegni, Pelham, N.H. (Mohammad Bagegni, sole proprietor). The agency also received a NVO/ocean freight forwarder […]
A wind turbine commissioned in February 2012 at the Port of Milwaukee resulted in $5,000 net revenue for the port within the first nine months of operation, according to a recent update by the port authority and the City of Milwaukee’s Office of Environmental Sustainability. The Northern Power 100-kilowatt turbine provides 100 percent […]
Kenji Hashimoto, American’s president of cargo, expressed confidence this week in the carrier’s previously announced timeline for its $11 billion merger with US Airways. Meanwhile, “we are separate companies until the close,” he added.
“Our approach was not to announce this with a great big fanfare, but to get on with it and integrate the business. And I think, two years in, we’ve made good progress,” said Steve Gunning, head of the airline’s cargo business.
Jolly Nero As many as 10 people are feared dead and others injured, some seriously, following an accident at the Port of Genoa late Tuesday night. The accident occurred at around 11 p.m. in Genoa, and Wednesday morning press accounts were giving varied numbers for the dead, missing, and injured as new victims were […]
Alphaliner is forecasting a record year for scrapping containerships. In its latest newsletter, Alphaliner said vessels with a total capacity of 450,000 TEUs are expected to go to the breakers in 2013, surpassing a record of 381,000 TEUs in 2009. “In the first four months of this year, 93 units for 195,000 TEUs have already […]
XPO Logistics recently purchased Salt Lake City-based Interide Logistics, a $28 million company, for $3.7 million in cash and stock. The company will keep Interride’s boss, Sean Snow, at the helm and will help him scale up operations at the firm’s other locations in Minneapolis and Louisville. In February, XPO purchased Covered […]
Panalpina had a consolidated profit of 14.3 million Swiss francs ($15.3 million) in the first quarter compared to a loss of 40.9 million francs in the first quarter of 2012. Net forwarding revenue was 1.6 billion francs in the first quarter of 2013, 4 percent more than in the same 2012 period. […]
Roberto Carvalho de Azevêdo of Brazil was picked, making him the first diplomat from Latin America to lead the organization, which was set up in 1995. His appointment to director general will become official by May 31.
Textainer turned in revenues of $128.8 million in the first quarter, a 9.6-percent, year-over-year bump, and saw its income from operations rise by 11.9 percent to $76.1 million. Adjusted before-tax earnings for the quarter came in at $108.5 million, a 20.1-percent rise. Even with these strong results, utilization declined by 1.1 percent […]
NUTEP, a container terminal operator in the Black Sea port of Novorossiysk, has finished the latest phase of its development program by completing an upgrade to its rail facilities. The company removed the original rail lines, constructed a new yard at the rear of the terminal, and increased overall block-train capacity at the […]
Canada said it’s adopting strict environmental standards to reduce air emissions from ships navigating in Canadian waters, and these changes further align the country’s air emission standards with those of the United States. “The changes we are announcing today will help make our oceans and lakes cleaner by reducing ship emissions,” said Denis Lebel, […]
NRS said Tuesday it will deconsolidate ocean containers at its Pooler cross-dock facility four miles from the Port of Savannah and repack them into larger, 53-foot containers for the trip to Pep Boys’ distribution center in Atlanta.
Maersk Line, Limited (MLL) said it has begun upgrading its U.S.-flag fleet by replacing eight existing ships with eight newer and larger containerships at a cost of about $500 million. MLL, the U.S.-flag arm of A.P. Moller-Maersk, said the new ships, which are being re-registered under the U.S. flag, will allow it to improve […]
