Uncertainty reigns supreme in the Ontario trucking market despite a recent uptick in volumes, according to the Ontario Trucking Association’s second-quarter business conditions survey. According to carriers who filled out the April survey, freight volumes in lane segments covering traffic inside Ontario, between the provinces, and northbound from the United States all increased. The […]
Thirty-four national trade associations representing port authorities, water carriers, retailers and other shippers, the construction industry and unions, along with dozens of state-level business groups, signed a letter this week urging members of the U.S. Senate to support quick passage of the Water Resources Development Act. The Senate Environmental and Public Works Committee unanimously […]
In the latest development, the Union of Hong Kong Dockers (UHKD) said that employees of Comcheung Ltd. at another of Hong Kong’s terminals have joined the strike, according to reports from local media. About 530 workers are now on strike.
“These results are due to a rational pricing environment for both YRC Freight and the Regional segment, and the productivity improvements along with the customer mix management effort at YRC Freight specifically,” YRC’s James Welch said.
Con-way’s first quarter results came in below expectations, with the carrier turning in net income of $14 million, an $11.6-million decline compared to the first quarter of 2012. Revenue dropped from $1.37 billion to $1.34 billion, and operating income was down by more than $24 million. Douglas W. Stotlar, the carrier’s president […]
Cambie OOIL, the parent company of liner carrier OOCL, said Thursday that its chief financial officer, Ken Cambie, has given notice and will step down as of June 1 to pursue interests outside the company. Cambie will be replaced on an interim basis by Alan Tung, with the OOIL board conducting a search […]
Recyclers in the United States and Europe are concerned about these proposed exemptions because their investments in businesses to dismantle or shred e-waste and transform it into commodities will be undermined.
President Obama on Thursday nominated long-time campaign contributor and Chicago businesswoman Penny Pritzker to be secretary of commerce and Michael Froman to lead the Office of the U.S. Trade Representative.
Logistics IT solutions provider Descartes Systems said Thursday it has acquired KSD Software Norway AS (KSD), a leading Scandinavia-based provider of electronic customs filing solutions for the European Union, in a $33 million deal. The EU customs compliance market is characterized by a complex framework of member states, each with different regulations, languages […]
The South Korean liner carrier predicted “even though some difficulties are inevitable due to supply growth, numbers in the second quarter will improve through continued rate restoration efforts and active cost reduction, etc.”
IAG Cargo is planning to order 18 Airbus A350-1000 planes, which will enter service starting in 2018 given shareholder approval. The European air carrier, which is modernizing its fleet, also holds options for an additional 18 planes.
Attempts by container carriers to tackle surplus capacity are being undone as new orders for ultra large container vessels (ULCVs) make the headlines, said London-based Drewry, in a press release announcing its most recent Sea & Air Shipper Insight report. “Ocean carriers did a decent job over the winter months balancing supply to […]
Domestic intermodal container volume ticked up 10.2-percent, year over year, during the first quarter, making it the sixth consecutive quarter of increases of more than 10 percent, according to the Intermodal Association of North America. The total intermodal volume of 3.68 million units is also good for the second highest volume in domestic […]
After a vote to eliminate a collateral deposit requirement from the Transportation Intermediaries Association’s services bond program, the organization will refund more than $2 million to members who paid the deposit fee when purchasing bonds. The TIA board eliminated the $8,000 deposit requirement due to the program’s success. Members who hold $250,000, $100,000 […]
Sweden-based Greencarrier Freight Services has acquired the Swedish logistics firm Trana Spedition for an undisclosed amount. Trana, which had 2011 revenues of SEK 72 million, will continue operating under its current name, and the firm’s management will stay with the company. Kenneth Sankala, Trana Spedition’s former chief executive officer, will now serve as […]
Virgin Atlantic Cargo has relaunched seasonal daily flights from London Heathrow to Chicago. The routing will be flown until Oct. 26. The Chicago flights add to Virgin’s strong transatlantic presence, which already includes daily services from London to JFK, Newark, Los Angeles, Boston, Miami, Washington and Orlando. “Chicago has been an […]
CAPA recommended the 11 ports in the state raise tariffs by 1.7 percent by July 1 as part of its annual rate increase guidelines. Recent or pending hearings on the increase are occurring in Oakland, Los Angeles and Long Beach.
Eurogate said its container terminal in Wilhelmshaven is enhancing its competitiveness by offering hinterland connections by rail at the same prices as other German ports. “Eurogate Group rail operators Eurogate Intermodal (EGIM) and ACOS Group are offering hinterland connections to/from Wilhelmshaven at the same fair prices as to/from the two other German seaports Bremerhaven and […]
The U.S. trade deficit fell by nearly $5 billion from February to March, ending the month at $38.8 billion, according to the Commerce Department. Last month, the United States exported $184.3 billion in goods, but imported $223.1 billion in cargo. Year over year, the trade deficit showed a $12.9-billion decrease. Exports fell by […]
Horizon Lines said it lost $20.1 million in the first quarter of its current fiscal year compared to $26.8 million in the same 2012 period. Horizon, which operates container liner services between the U.S. mainland and Alaska, Hawaii, and Puerto Rico, said revenue for the quarter was $244.5 million compared to $263.4 million […]
