Undersecretary of Commerce for International Trade Francisco Sánchez arrived in Hong Kong Thursday with representatives from a group of U.S. companies to start off the Trade Winds Asia 2013. According to the Commerce Department’s International Trade Administration, the annual trade mission and business matchmaking event helps firms gain market insights, make industry contacts, […]
With large quantities of sugar currently on the domestic market, the U.S. Department of Agriculture will use its waiver authority under the Refined Sugar Re-Export Program to temporarily permit licensed refiners to transfer program sugar from their license to another licensed refiner through Sept. 30. USDA will also temporarily increase the license limit […]
While the International Brotherhood of Teamsters has put what a local union calls “a tight lid” on information about a proposed five-year contract deal with ABF, analysts are trying to figure out what a new agreement would look like.
Hutchison Port Holdings Management said a wage increase proposal put forth by the external contractors at its Hongkong International Terminals, providing a 9.8 percent pay rise, has been accepted by their workers.
Denver-based Rocla Concrete Tie, a railroad tie manufacturer, has been acquired by Altus Capital Partners and the company’s senior management team from a Belgian holding company. Financial details of the purchase were not disclosed. “We are extremely excited about the opportunity of working with Altus Capital Partners to accelerate growth and create […]
DHL Global Forwarding has added daily intermodal services from Shanghai and a weekly service from Chengdu to the European border. The offerings will use a combination of rail and truck transportation. According to DHL officials, customers will see faster shipments of up to 21 days compared with ocean shipments and lower transportation costs. […]
The Messenger Courier Association of America (MCAA) has changed its name to the Customized Logistics & Delivery Association (CLDA). The rebranding effort was announced today by CLDA president, Rob Johnstone, at the association’s annual meeting in New Orleans. “The name change comes as part of an overall rebranding effort to better reflect […]
Though only introduced recently, EXL Service’s program has been in place with a North American less-than-truckload carrier for the past few years, and it has saved the firm $80 million in revenue by improving data capture.
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 […]
