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 […]
C.R. England has promoted Brandon Harrison and Zach England to the position of chief operating officers. Harrison will oversee the trucking company’s national, regional, and Mexico divisions and safety, while Zach England will manage dedicated and intermodal operations and serve as chairman of the England Logistics board, a third-party logistics company and subsidiary of […]
Evergreen Shipping Agency (America) Corp., North American agents for Evergreen Line, will return to its headquarters office at One Evertrust Plaza in Jersey City on May 10, following major repairs. Evergreen was forced to relocate after Hurricane Sandy damaged the building last October. Building generators were damaged by flooding from the Hudson River. […]
The U.S.-flag container carrier, which offers services between the U.S. mainland and Hawaii and Guam, as well as an eastbound service from China, said it had a profit of $9.1 million in the first quarter, ending March 31.
“As the container shipping industry is a zero-sum game, carriers are de facto forced to match each others’ rate declines in order to maintain their vessel utilization,” said Lars Jensen, SeaIntel’s chief executive officer.
The tunnel is on schedule to be completed one year from now, well before the Panama Canal Authority finishes adding new locks and wider channels that will enable much larger ships from Asia to deliver goods at East Coast ports.
“Through our new name and brand, we are re-dedicating ourselves to our mission of promoting steel drums as an affordable, safe and sustainable option for transporting a wide range of products,” said Kyle R. Stavig, ISDI chairman.
In response to increased demand from Europe, logistics software provider Catapult International has opened an office in Hamburg, Germany. This expansion complements Catapult’s other offices located throughout the world. In addition to Hamburg and its Kansas City headquarters, the firm now has locations in Cebu, Philippines; Hong Kong; and San Francisco. “Growth […]
Kalmar, part of Cargotec, has acquired total ownership in the Spanish crane refurbishment and maintenance company Mareiport, S.A. The acquisition is an important step for Kalmar to become a larger global crane refurbishment and services provider. Kalmar has held a 30-percent share in Mareiport since 2007. Mareiport is a privately owned company established […]
MOL said it will start offering a new Asia-Mexico Express Service, joining a string operated by Hapag-Lloyd. Designated AME by MOL and AME 1 by Hapag-Lloyd, MOL joins the service with the sailing of the containership Tamina from Ningbo on June 24. MOL will offer the following port rotation: Ningbo, Shanghai, Busan, Yokohama, […]
Purolator International, a provider of U.S.-Canada logistics services, has opened three new branch offices in Columbus, Ohio; Newark, N.J.; and Phoenix, bringing their total number of 33 branches. The three new offices follow the addition of seven branches during 2012 in Baltimore, Charlotte, Denver, Indianapolis, Pittsburgh, San Diego and St. Louis. “Purolator’s […]
The logistics transportation management services provider Transplace said Monday that Philadelphia-based PaperWorks Industries, a North American packaging company, will use its transportation management system (TMS) to manage shipments in North America. The TMS will be used for outbound shipments from two PaperWorks mills to customers located throughout the country, as well as select inbound […]
The logistics and international freight forwarding company Extra Logistics said Monday it has launched Web-based ocean and air freight booking services. The online services are designed to enhance Express’ network 22 cargo receiving terminals in both U.S. and affiliate offices in 97 countries. Customers now can submit shipment details for import/export air […]
