Liner carrier Evergreen said it will join forces with COSCO and Zim to operate a new service between the Far East – South America Service (ESA). Evergreen said the new loop will link China, Singapore and South America’s east coast from May 11. A total of 10 ships of 8,500-TEU capacities will be deployed […]
Emirates SkyCargo is the first customer of the newly formed joint venture between Africa Flight Services and SA Airlink, and the carrier will operate in both Johannesburg and Captetown. Malcolm Tonkin, a 21-year industry veteran, has been appointed general manager of the joint venture. To support the joint venture, AFS has opened […]
BlueWater Reporting (www.BlueWaterReporting.com) has launched a new application that allows users to quickly create reports comparing a liner service’s transit times against all others on a port-to-port basis. The Competitive Transit Analysis by Service report is designed for trade managers, ports and others who you need to evaluate a service’s overall efficiency for […]
U.S. import volume in March fell 12.5 percent year-on-year, largely due to the Chinese New Year falling later this year than in 2011, according to the trade intelligence firm Zepol Corp. Zepol said March volume hasn’t been as low since 2009, but that first quarter volume was still marginally higher – 0.1 percent […]
The Canadian Shipowners Association are worried the new vessel general permit published by the U.S. Environmental Protection Agency could threaten the commercial viability of its members’ operations in the Great Lakes.
The Union Pacific railroad has introduced a twice-weekly dedicated intermodal rail service between the Port of Houston’s Barbours Cut Container Terminal, and its Dallas Intermodal Terminal facility.
“With over 40 ships of at least 10,000 TEUs due for delivery in 2013, carriers will find it increasingly difficult to manage capacity without upsetting the fragile supply-demand balance,” the London-based consultancy warned.
J.B. Hunt Transportation Services turned in first-quarter earnings of $73.3 million, a year-over-year increase of more than $5 million. Operating revenue during the quarter increased from $1.17 billion in 2012 to $1.29 billion. Dedicated contract services were up by 9 percent, intermodal revenue grew by 15, and integrated capacity solutions saw a 26-percent […]
Liner carriers Evergreen and CMA CGM are starting a new, weekly service connecting Southeast Asia, the Indian Subcontinent and Red Sea. Called the South Red Sea Service (SRS2) by Evergreen and REX 3 Service by CMA CGM, it will employ five 2,200-TEU ships, with Evergreen supplying three and CMA CGM two. The first […]
American Airlines has launched non-stop cargo service between Chicago O’Hare and Dusseldorf, Germany. The flight joins other new service expansions, such as AA Cargo’s offering from Dallas to Lima, Peru; seasonal flights between JFK and Rome; and flights from Chicago to Rome and Dublin. Flights between Dallas and Seoul will start May […]
The Indonesian logistics industry is set to grow by 14.5 percent in 2013 on the strength of government initiatives, increased manufacturing activities and a growing economy, according to analysts at Frost & Sullivan. External trade could reach $446 billion this year, a 16.7 percent growth rate. Foreign direct investment in Indonesia will […]
Wayne A. Cederholm II, chief executive officer of C.R. England who helped grow the carrier from an $18 million firm to a $1.5 billion organization, died Tuesday from complications of a bone marrow transplant.
The International Air Transport Association is slimming down its regional operations and creating a new Airports, Passengers and Cargo Services division as part of an organizational restructuring meant to better address the needs of member airlines. “IATA is changing to deliver even greater value to its members,” Tony Tyler, IATA’s director general and […]
Cargolux will commence a weekly Boeing 747 freighter flight to Ouagadougou, Burkina Faso, April 24, increasing its foothold in the African market. According to a Cargolux release, imports will mostly consist of mining-industry equipment, which must be flown by air because of the geographic challenges of the country. Exports will include perishable goods […]
With the completion of the Panama Canal upgrade two years away, greater cooperation is needed by all stakeholders to ensure the transportation industry can handle the increased freight flow, a trucking official told Senate lawmakers.
News reports said talks between striking Hong Kong dockworkers and the contractors who employ them resumed on Thursday. The talks ended abruptly Wednesday after just three hours. The strike is in its second week.
FedEx Trade Networks has opened new offices, launched new freight forwarder services and created new alliances over the past few months to gain a greater marketshare in Latin America. The company recently opened new locations in Rio de Janeiro and in Guadalajara and Monterrey, Mexico. FedEx Trade Networks’ latest strategic alliance bonds it […]
Finnair Cargo has started operations from its new cargo hub in Brussels, its second in Europe, with a freighter flight from New York. According to officials, the hub will play a central role in the growth of Finnair Cargo. “The new freighter schedule highlights the importance of Continental Europe in our revised strategy for Finnair […]
Meanwhile, the USPS board of governors has directed postal officials to start negotiations with unions to lower workforce costs. Postal officials are also looking into rate increases and other revenue-generating options.
President Obama’s budget for fiscal year 2014 includes $4.8 billion in gross discretionary funding for the Army Corps of Engineers’ Civil Works program, offset in part by a proposal to cancel $100 million in unobligated carryover of funding appropriated prior to fiscal year 2013. Jo-Ellen Darcy, assistant secretary of the Army for civil works, said the […]
