In the aftermath of the Trendset embezzlement case, the issue regarding the financial risks in using freight auditing and payment companies has become a topic of discussion. Specifically, how wise is it to transfer funds to these companies for carrier payments? And are non-bank auditing and payment firms riskier than those operated by banks? […]
The U.S. Coast Guard said Thursday morning that the Port of Mobile was open following an explosion Wednesday evening aboard a gasoline barge owned by Kirby Inland Marine. The agency said it received the initial notification at 8:40 p.m. that there was a barge explosion between the George Wallace Tunnel and Bankhead Tunnel in […]
ICAT Logistics earlier this year overhauled its information technology platform — a much needed development considering the company was working on a 12-year-old legacy system.
Airlines, shippers and passengers are feeling the effects of the furloughs imposed Sunday on air traffic controllers by the FAA as part of a budget mechanism to save $637 million by the end of the fiscal year.
Maersk Line will discontinue its participation in two direct services, its West Med and Med Gulf strings, later this spring in favor of a feeder network to serve Mediterranean ports in Italy, France, and Spain. Moshe Loberant, the trade manager for Maersk’s services between North America and the Black Sea and Mediterranean, said the […]
FedEx Express has signed a seven-year, $10.5 billion contract to provide airport-to-airport domestic transport of mail for the U.S. Postal Service. The new contract, which starts in October, will offer postal customers more flexibility.
U.S. Bank and FuelQuest have teamed up to provide extended payment terms for rack-based fuel purchases and accelerated supplier payments by providing greater access to credit through the U.S. Bank Fuel Financing program.
Steel imports fell again in March by 1.3 percent compared to February, based on preliminary U.S. government reporting analyzed by the American Institute for International Steel (AIIS). “After months of declines in arrivals in response to weak economic conditions and steel demand, the only good news in the latest report is that the […]
The Port of Houston Authority’s port commission has ordered four dockside electric container cranes from Konecranes Finland Corp. as part of a $700 million plan to modernize the 36-year-old Barbours Cut Container Terminal. The cranes will be installed at Wharf No. 1. Konecranes was selected as the winning bidder during a recent […]
Cargolux took an overall loss of $35.1 million on revenues of $1.74 billion last year, showing a significant improvement over the $57 million loss the carrier budgeted for 2012. Cargo activity finished the year at 645,759 tons. The worldwide trend away from air cargo was the main culprit for the carrier’s loss, […]
US Airways experienced 3 percent cargo revenue growth in the first quarter of 2013, compared to the same period last year, on the way to a record net profit, excluding special items, of $55 million. During the same period last year, US Airways turned in a net loss of $22 million. Total […]
U.S. Customs and the Nigerian government have entered a Customs Mutual Assistance Agreement (CMAA), which allows for better cooperation between the two countries when investigating and preventing customs offenses.
Hong Kong’s Labor Secretary, Matthew Cheung, met with striking dock workers on Monday and urged them to return to the negotiating table. The workers are employed by subcontractors at Hong Kong International Terminal (HIT).
Kuryla Juan Kuryla, deputy director of Port of Miami since 2009 and a 17-year industry veteran, has been named the new director of the Jacksonville Port Authority by unanimous vote of the port’s seven-member board on Monday. The board’s audit committee will now develop and negotiate the contract and submit to full board approval […]
A key issue outlined by the Ti report is the limited access international logistics providers are permitted in domestic markets, if any at all. For example, UPS and FedEx were only granted limited licences to operate in China.
UPS CEO Scott Davis said LNG is a viable alternative-fuel solution for the company over the next decade. However, UPS officials have their eyes on other fuels and technologies that aren’t quite ready for commercial rollouts, he said.
Swiss WorldCargo’s top cargo executive, Oliver Evans, has been elected to serve as chairman of The International Air Cargo Association, replacing Michael Steen, chief commercial officer of Atlas Air Worldwide. Enno Osinga, the cargo head at Amsterdam Airport Schiphol, will join Evans as his vice chairman. The appointments come with a two-year term. […]
Delta Air Lines generated an $85 million net profit during the first three months of the year — a year-over-year bump of $124 million — finishing the quarter with its best financial results in more than 10 years. Operating revenue grew by $87 million, year over year. Passenger numbers fueled Delta’s success, […]
Swift Transportation turned in operating revenue of $856.8 million during the first three months of the year, a result the company is touting as record first quarter revenue. Strong operational performance contributed to Swift’s successful quarter. In truckload, loaded miles per truck per week ramped up by 3.2 percent, year over year, and […]
Old Dominion Freight Line on Monday opened a new container drayage facility to serve rail heads, container yards and ports in the Birmingham, Ala. area. The Birmingham center is the third container drayage facility for Old Dominion in Alabama and offers pick-up and delivery to any point in the continental United States. […]
