Related Content U.S. program focuses on small business exports SBA opens export doors Rep. Janice Hahn, D-Calif., is hosting an export business roundtable on Friday with Dario Gomez, the Small Business Administration’s administrator of international trade, to provide information on SBA programs and resources for small companies seeking to export or only export on a […]
Allegretti The American Maritime Partnership (AMP), a trade organization for the U.S. shipping industry, said Thomas Allegretti has been elected as its new chairman. Allegretti is president and chief executive officer of the American Waterways Operators, a trade group for the tug and barge industry. He succeeds James Henry, chairman and president of the […]
The Chilean liner shipping company said shareholders meeting in Valparaiso this week approved a plan to increase capital by $500 million that will be used to purchase seven 9,300-TEU ships and prepay a loan from AFLAC.
SA Recycling, a long-time exporter of scrap metal through the port, is working with CML Metals Corp. to send iron ore from mines in Utah, California, Arizona and Nevada to Asian steel makers.
Hong Kong Radio Television said striking dockworkers are expected to return to the bargaining table on Thursday for a fifth day of talks after little progress was made in resolving a dispute with subcontractors at the port. “Striking dock workers and port contractor Everbest held eight hours of talks at the Labour Department […]
The information service Alphaliner says spot freight rates from China to Europe have crashed. “Spot freight rates from China to Europe are currently offered at $700-$800 per TEU, compared to $1,300-$1,400 per TEU at the beginning of the year,” it noted in its weekly newsletter. Alphaliner said 20 new ships of between 8,500 […]
Despite a nearly $80 million boost in revenues, year over year, and a 4.2-percent rise in tonnage, Arkansas Best turned in a first-quarter net loss of $13.4 million. The result, however, was an improvement over 2012’s first-quarter net loss of $18.2 million. ABF officials pointed to the less-than-truckload carrier’s high cost structure as […]
Raytheon, a major international defense and aerospace company, will pay $8 million in civil penalties and remedial expenditures to resolve hundreds of alleged violations of U.S. export regulations designed to protect sensitive technology from falling in the hands of enemies. The State Department’s Bureau of Political-Military Affairs, which oversees exports of military goods, said […]
The association has come out against a U.S. Customs proposal to improve due process procedures for suspending a broker’s entry-filer code, saying that going after the code is a back-door way to take away a broker’s license and is unconstitutional.
The Washington-based NCBFAA wants exemptions pertaining to non-vessel-operating common carrier negotiated rate arrangements (NRAs) extended to foreign-based, unlicensed NVOs as well as U.S.-licensed companies.
Agility saw a 46-percent, year-over-year jump in profit to KD 10.1 million ($35.6 million) and a 10-percent revenue growth to KD 352.6 million ($1.24 billion) during the first quarter. Before-tax earnings were up 36 percent. Revenue for the company’s global logistics arm ticked up 7 percent due to new customers like Shell, […]
The portal-based ocean shipping network INTTRA and the world’s biggest container carrier Maersk Line said Wednesday they have entered into an expanded strategic relationship to automate shipping processes. The deal encompasses Maersk Line and its subsidiary brands, including its intra-European entity Seago Line, Safmarine and its intra-Asia entity MCC. Maersk and INTTRA […]
International Trade Systems (ITS), a provider of U.S. customs brokerage and freight forwarding software, said Wednesday it will release a new Web-based system that links Automated Commercial Environment (ACE) form generation with analytics. The system, ITS Web, will be available June 1. ITS said the system is certified by ACE and is the […]
Maher Terminals has appointed Gary Cross as president and chief executive officer. Cross joined Maher in 1978 as a management trainee in the safety department and has held positions of increasing responsibility throughout his tenure with the company. He joined the sales and marketing team in 1996, eventually becoming head of marketing and […]
U.S. trade officials are stepping up the pressure on members of the World Trade Organization to advance a “small package” outcome at the upcoming 9th Ministerial Meeting at Bali, Indonesia in December. “At the most recent meeting of the WTO’s Trade Negotiating Committee on April 11, the United States asked that every delegation […]
Southern California-based ocean freight consolidator DGX will start a weekly all-water service from Los Angeles to Guayaquil, Ecuador, effective May 7. “With an aggressive transit time of only eight days from port to port, customers will be able to enjoy all of the benefits of shipping their products via the West Coast as […]
Although air cargo activity out of Asia has cooled in the past few months, Volga-Dnepr Airlines recently delivered a 90-ton shipment of oil and gas equipment from Singapore to Turkmenistan. Flying an Antonov 124-100 freighter on behalf of Pacific Airlift, the company had to use a special loading device to get some of […]
Total cargo activity at Amsterdam Airport Schiphol edged up 2.25 percent in the first quarter, ending the three-month period at 366,269 tons. Freighter movements at the Dutch airport inched up, year over year, 0.4 percent. During the quarter, cargo performed well year over year in January and March, but dipped in February due […]
Kuehne + Nagel has broken ground on a 30,000-square-meter expansion to its 45,000-square-meter facility in Geel, Belgium, to further support its contract logistics business in the country. Completion of the 20,000-square-meter first phase of the project is slated for October. This additional space will be used partly for two clients secured last year […]
Japan’s three large container carriers, which operate with a fiscal year that runs from April 1 to March 31, on Tuesday reported their results for the 2012-2013 fiscal year ending March 31, 2013.
