The Irvine, Calif.-based action sports apparel and clothing manufacturer Fox Head, Inc., maker of the Fox brand, has enlisted Menlo Worldwide to establish a new European distribution center in Eersel, Netherlands. Fox previously distributed to Europe out of the UK. Fox has become an international leader in the youth lifestyle clothing market, […]
The United States Australasia Discussion Agreement said its members have adopted a guideline calling for a general rate increase of $200 per 20-foot container and $40 per 40-foot container on cargo moving via U.S. West Coast ports to Australia and New Zealand, effective June 1. The members of the agreement are: CMA-CGM, Hamburg Sud, […]
Health regulators have received reports of at least 21 cases of people being infected with influenza A(H7N9) in China, leading the World Health Organization to spread the word about the virus. The WHO has not recommended the adjustment of travel or trade plans in the near future. “There is no evidence to […]
The Federal Aviation Administration has pushed back the start of its tower-closure program to June 15. The agency was to have begun shutting down 149 regional airport towers in phases last Sunday. The tower closures are being imposed to meet the FAA’s $637 million in cuts required by sequestration. The extra time […]
Drewry is forecasting that companies in the container shipping industry will have a collective operating profit (earnings before interest and taxes, or EBIT) of $6.2 billion in 2013, compared to $280 million in 2012. Referencing its Container Forecaster report, Drewry said “carriers themselves are the biggest risk to this forecast. While there are […]
Hapag-Lloyd and CMA CGM will launch a new service between the Mediterranean and the U.S. East Coast service in June. Hapag-Lloyd said the new MAS service will use ships with approximately 3,500 TEUs of capacity and “supersede the present slot charter arrangement on this route.” The lines did not specify how many ships […]
Executives at the truck brokerage and logistics services provider Landstar System believe impending hours-of-service (HOS) regulations on the U.S. trucking industry won’t have too significant on its beneficial cargo owner (BCO) fleets, according to the investment bank Stifel Nicolas. Stifel attended Landstar’s Analyst Day, where Landstar laid out its vision and coming expectations. […]
The spokes of the supply chain are the demand drivers for industrial real estate in the next two years, according to Colliers International’s North American Port Analysis, and investors need to look toward the nation’s ports for opportunity. Ports need to invest in capital expenditure to make sure they are ready for coming […]
Boeing has completed the final certification test for its new 787 battery system, successfully finishing a demonstration flight on a production plane. Battery testing was required by the Federal Aviation Administration. The demonstration flight, according to Boeing, proved that the battery system performs as expected during both normal and abnormal stress. The […]
The U.S. Commerce Department on Friday reported U.S. exports of goods and services in February reached $186 billion, an increase of $1.6 billion from January. Imports of goods and services also increased slightly, by $61 million, to $228.9 billion. As a result, the trade deficit improved, decreasing to $43 billion in February from […]
Shusen Wei, 45, a citizen of China, pleaded guilty Friday in Miami federal court to charges stemming from his involvement in the smuggling of a carved rhinoceros horn from the United States to China, the U.S. Justice Department said. Wei entered his guilty plea before U.S. District Judge Cecilia M. Altonaga, who scheduled […]
The House proposal, which will be up for a vote Monday, April 8, hopes to pay for transportation programs, such as road and bridge repairs, by increasing the gasoline tax by three cents per gallon, among other measures.
Hong Kong’s High Court has extended an injunction first obtained April 1 on striking dockworkers, barring them from entering container terminals in Kwai Chung where the port’s container terminal is located.
Poor roadways cost Nevada residents $2.1 billion annually due to congestion, additional vehicle operating costs and lost time, but fixing the state’s infrastructure will cost $2 billion, according to a report released by the research firm TRIP. The Nevada Department of Transportation has put the cost of infrastructure improvements at $3.4 billion by 2025 […]
“Given that market conditions are extremely fragile, we believe that, to keep the industry in the black, leading container operators will have to maintain stringent capacity management and pricing discipline,” the rating agency said.
The Corps of Engineers completed the 10-year, $370 million deepening of the port’s main navigation channel and turning basins, enabling it to receive a new generation of super-size vessels now being deployed.
Damco, the logistics services arm of A.P. Moller-Maersk, has opened a 16,000-square-meter warehouse in Cambodia, adding to its first facility in the Southeast Asian country which opened in August 2011. The development marks Damco’s continued interest in this emerging market. From the new facility, Damco will provide customers with inventory management, radio-frequency scanning, order processing, […]
Consolidators International (CII) and the Swiss forwarding company Cotrafi-Gondrand Tahiti have signed an exclusive agreement for the Los Angeles-based company to handle air and sea freight from the United States to the islands of French Polynesia. Each company will act as an agent for the other in cooperating sales efforts and operations in […]
CSAV, the Chilean container shipping company, said it will invest $570 million in its business, building seven new ships and paying back a $258 million loan at a steep discount. The company said it will buy seven 9,300-TEU ships that will be built by Samsung Heavy Industries. When the ships are delivered, the company […]
Retail trade in the euro area, composed of 17 nations of the European Union, fell by 0.3 percent from January to February, while retail trade across the broader 27-member region remained flat, according to Eurostat. From December to January, trade rose in the euro area rose by 0.9 percent and increased by 0.8 percent in […]
