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.
Three-fourths of global logistics companies are unable to get the prices they deserve for their services, according to the findings of the Global Pricing Study 2012, conducted by strategy and marketing consultancy Simon-Kucher & Partners. The causes, managers say, are a price-aggressive competitive environment and a prevalence of standardized products. The study incorporated […]
All Nippon Airlines will resume regular, nonstop Boeing 777-300ER flights from Tokyo Narita to Seattle-Tacoma International Airport on June 1. The carrier will reintroduce Boeing 787s to the route starting in September. ANA had been flying the Tokyo-Seattle route using 787s since October, but took the 787 out of service when the […]
Agility has signed a five-year, $24.4 million contract with Kuwait National Petroleum Co. for transportation services. In addition to moving oversized and traditional petroleum shipments over Agility’s air, land and sea networks, the company will provide origin logistics, customs clearance, freight forwarding and procurement services. “The contract plays to many of our […]
The VPA Board of Commissioners expects to announce how it will reorganize the VPA and Virginia International Terminals (VIT), the state’s in-house terminal management company, at its next meeting on May 28.
The liner said its petroleum services group is entering the liquefied natural gas market by acquiring Carib Energy, a Florida-based company that was founded in 2011 to export LNG to industrial facilities in the Caribbean and Latin America.
Officials blamed weak market conditions on IAG’s sluggish North American trade lane and industrial action at Iberia earlier in the year for the poor load factors. “We have a huge amount of our capacity on the transatlantic,” IAG’s Steve Gunning said.
The move will save each plane 4 percent of its current fuel expenditure by reducing drag during flight. The winglets also reduce noise emissions and improve performance during take off, according to the integrator.
Earlier this year, YRC approach Arkansas Best about the possibility of a acquiring ABF Freight System, according to a recently released U.S. Securities and Exchange Commission filing, but was turned down by the smaller less-than-containerload carrier. After receiving the proposal, details of which have not been disclosed, ABF officials told the other carrier “that considering a […]
Logistics information technology solutions provider Descartes Systems has extended its relationship with IAG Cargo to include air cargo booking through Descartes’ cloud-based Global Freight Exchange (GF-X) Private Label solution. Descartes’ solution will support iagcargo.com, the carrier’s free electronic booking portal for freight forwarders. Descartes’ GF-X allows air carriers to distribute real-time product, routing, capacity and rate […]
