The Chinese liner company’s report to the Hong Kong Stock Exchange said its container shipping business had revenue of 9.2 billion yuan in the first quarter, 14.3 percent more than in the first quarter of 2012.
U.S. Gross Domestic Product grew 2.5 percent in the first quarter, according to a preliminary estimate issued by the Department of Commerce Friday. The increase was less than many analysts had expected after 0.4 percent growth in the fourth quarter. The increased productivity was aided by personal consumption, private inventory investment, exports and […]
“The fact that we have reached agreements well before our current contracts expire is a testament to the skills and determination of all those involved in these negotiations,” said Scott Davis, UPS’ chief executive officer.
Hong Kong-based OOCL had revenue of $1.36 billion in the quarter, 3.6 percent more than in the same 2012 period. Container volumes in the first quarter were 1,241,454 TEUs, down 0.3 percent from the same 2012 period.
The Austrian freight forwarder ACS Logistics will use the ediEnterprise solution of logistics software developer CargoWise. ACS was founded in 2011 and is managed by industry veterans Gerald Kleeberger, Ulrich Hartwig and Thomas Sticht. It offers global air and ocean freight, as well as integrated logistics solutions in Austria. “We see ourselves […]
Old Dominion generated $532.6 million in revenue during the first quarter, a 7.1-percent increase, year over year. Net income rose by 30.4 percent to $40.6 million for the North Carolina-based less-than-truckload company. These strong financial results are rooted in operational growth. Old Dominion experienced a 3.5-percent increase in total tonnage to 1,717 […]
The bill which was passed Thursday night will allow the agency flexibility to move funds between accounts and end furloughs of air traffic controllers that have caused flight delays since being implemented Sunday under a budget-cutting mandate.
Sea Star Line said it has increased its refrigerated container fleet by 25 percent in the past year to better serve the Puerto Rico trade. The company said it’s in the second year of a five-year plan to reduce the average age of its entire reefer fleet to less than threee years. Sea […]
Industry leaders concurred during testimony on Capitol Hill Wednesday that the freight transportation industry is doing a lot to make fleets greener, but said Congress could help reduce air pollution by making it easier to adopt clean energy systems and get infrastructure projects completed that reduce congestion. Fred Smith, the founder, chairman and chief executive […]
Southwest Airlines’ first-quarter freight operating revenue increased 5.4 percent, year over year, to $39 million, representing the largest revenue rise among the carrier’s three revenue streams. Total operating revenue ended the quarter at $4.08 billion, a 2.3-percent, year-over-year rise. While revenue in all sectors rose, the number of passengers carried fell by […]
UTi Worldwide has opened a new multi-client logistics center in New Taipei City, Taiwan. The facility, measuring 461,000 square feet, is located about 20 minutes from Taiwan Taoyuan International Airport and just off Taiwan’s Highway 2 for quick access to the island’s main distribution channels. “This facility is adaptable to the requirements of […]
Kuehne + Nagel is opening an office in the Russian Far East port city of Vladivostok. The new office will be managed by the operation in Yuzhno-Sakhalinsk where K+N started its activities in 2002 to cater to the needs of oil and gas companies. In addition to Yuzhno-Sakhalinsk, K+N operates two more locations […]
The U.S. Federal Motor Carrier Safety Administration has ordered Royal Transport, Nationwide, Freight and Midwest — all trucking companies based in Olathe, Kan. — to cease operations. The agency claims the four carriers served as chameleons for a company that had previously been shut down. The four carriers had been operating under […]
UPS has acquired Budapest-based pharmaceutical logistics firm CEMELOG, a move that will help expand the integrator’s growing healthcare arm, for an undisclosed amount. Officials expect to close the deal in the second quarter. The 14-year-old European company boasts a number of large healthcare brands as clients and will help UPS gain a foothold […]
Just when you think it couldn’t happen — not in this day in age when communications are instant and regulatory oversight abounds — somewhere along the supply chain someone falters and you pay a hefty price. The risks of trading globally have always been huge — that’s why we have legal instruments like […]
By Alan Spear, U.S. director of cargo security loss control for AIG Global Marine Participation in professional organizations has traditionally revolved around conferences or seminars put on by the organization during the year. In years past, some of these were boondoggles where more time was spent on the beach, the golf course or in […]
The Web-based global trade management software provider QuestaWeb said it has entered into an alliance partnership with AduanaSoft, a Chihuahua, Mexico–based provider of IT solutions that automate Mexican Customs clearance. Under the terms of the alliance, QuestaWeb and AduanaSoft have integrated their software to simplify compliance for U.S. companies manufacturing in Mexico’s maquiladora […]
This case highlights the importance of clean equipment when carrying ingredients for moving food. In 2006, Cargill and Ron Burge Trucking entered into a motor transport agreement that included rules about what loads Burge could carry before hauling food-grade salt, and how Burge had to wash its trucks before loading the salt. […]
During the 19th and early 20th centuries, logs were frequently transported in rafts, and sometimes sank to the bottom of rivers. Aqua Log is a company that recovers sunken logs. These consolidated appeals, Aqua Log v. Lost and Abandoned Pre-Cut Logs and Rafts of Logs. 11th Cir. Nos. 11-15060, 11-15076, 11-15078. Feb. 15, […]
UPS has agreed to pay $40 million to avoid prosecution for shipping drugs from illegitimate online pharmacies, the U.S. Drug Enforcement Agency announced in late March. The Atlanta-based global express delivery company has fully cooperated with the investigation and will implement a compliance program to prevent illegal online pharmacies from using its services.
