The U.S. Department of Commerce’s Bureau of Industry and Security said Computerlinks FZCO of Dubai, United Arab Emirates, has agreed to pay a $2.8 million civil penalty following allegations that it committed three violations of the Export Administration Regulations (EAR). The violations are related to the transfer to Syria of devices designed to […]
FedEx this week released a new service aimed at the e-commerce market that allows consumers to schedule the date, location, and time of their package delivery. The service, FedEx Delivery Manager, is offered through the company FedEx Services subsidiary. “Customers can receive notification of FedEx Express and FedEx Ground packages en route […]
The Obama administration said it’s looking forward to stronger trade relations with Vietnam through the Trans-Pacific Partnership (TPP) trade agreement. Acting U.S. Trade Representative Demetrios Marantis on Wednesday completed a three-day visit to Hanoi, where he discussed outstanding issues with Vietnamese President Truong Tan Sang, Deputy Prime Minister Vu Van Ninh, and ministers […]
It’s become an article of faith for some in the transportation industry that ocean shipping’s move to larger ships will be a boon to the environment. But speaking at a conference sponsored by the Coalition of New England Companies for Trade, Jason Mathers, senior manager of the Environmental Defense Fund (EDF), said it’s […]
The Obama administration Wednesday notified Congress of its intent to include Japan in the Trans-Pacific Partnership (TPP) Agreement negotiations. This notification follows an announcement on April 12 that the United States and Japan had completed bilateral TPP consultations, as well as an announcement by TPP countries on April 21 that they welcome Japan […]
Pivotal LNG announced it will supply liquefied natural gas to fueling stations being built for UPS Freight’s heavy-duty tractor fleet at its Nashville and Knoxville, Tenn., terminals. Earlier this week UPS said it will buy 700 LNG Class 8 trucks to replace diesel tractors and build four refueling stations by the end of 2014 […]
The definition of “carrier” is pretty straightforward: an entity that transports freight. Carriers are in the transportation business, plain and simple. Actually, it’s not so simple. Carriers are also in the credit business. Unintentionally, to be sure, but they are. When carriers set payment terms of 45 days, they are essentially extending credit to […]
The global terminal operator DP World on Wednesday said first quarter container volumes at its global facilities fell 7 percent year-on-year to 12.8 million TEUs. The operator noted that due to divestments in its portfolio over the last year, the adjusted drop in volume was 3.5 percent. DP World said it divested stakes in […]
The news in early April that freight payment and audit services provider Trendset was beset by internal embezzlement and fraud has struck a nerve among shippers on how best to securely manage their transportation freight bills. “The circumstances warrant a re-examination of the kinds of protections and safeguards shippers should expect when contracting […]
Some airports are gaining ground, while others turn off shippers. By Jon Ross If you want to invest in air cargo infrastructure, the best places in the United States for this activity are Miami, Chicago and Memphis, according to Jones Lang LaSalle’s recently released 2013 U.S. Airport Outlook. The list took into account not […]
Norbert Dentressangle finished the first quarter with revenues of 949 million euros ($1.23 billion), a 1-percent, year-over-year decline due to lower volumes across all sectors. The company experienced a 4.1-percent drop in transport revenue, but logistics revenue increased by 3.4 percent to 436 million euros ($566.79 million). Freight forwarding saw a slight bump […]
In mid-February, representatives from the European Union and United States agreed to hammer out a path toward an EU-U.S. free-trade agreement that could come as early as 2015. The pact will harmonize product standards and trade rules, eliminating regulatory differences. Market access and new levels of cooperation will also be discussed in addition […]
The U.S. Commerce Department has selected 20 companies to join its deputy secretary, Rebecca Blank, on an infrastructure business development trade mission to Sao Paulo, Brazil; Bogota, Colombia; and Panama City, Panama, from May 12-18. “The governments of these countries have each outlined ambitious infrastructure development plans for the years ahead, and this […]
British union Unite has begun preparations to strike against Menzies World Cargo’s imposition of a two-year pay freeze on its staff at London Heathrow. The union will soon take a ballot of its members to decide if a strike is the correct action to take. According to the union, recent talks with […]
Bowhead Transport Co. and Crowley Marine Services said they will set up a joint venture to provide marine services in Alaska’s Arctic. The entity will operate as UIC Bowhead-Crowley. Bowhead Transport is a subsidiary of Ukpeaġvik Iñupiat Corp. (UIC), based in Barrow, Alaska. Both companies have long histories of providing services in […]
VTG Aktiengesellschaft, a European railcar and logistics services provider, and Kuehne + Nagel, a large logistics firm, are planning to merge parts of their rail logistics activities. Both parties entered a letter of intent this week. “This merger represents an expansion of the long-term partnership that has existed between VTG and Kuehne + Nagel within the scope of their […]
Paul Fisher, president and chief executive officer of industrial real estate developer CenterPoint Properties Trust, announced his retirement. Fisher was one of the founders of the company in 1993, serving as chief financial officer prior to being named president in 2004. In 2006, the then publicly listed CenterPoint was privatized, with Fisher continuing […]
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.
