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 […]
The cloud-based intermodal solutions provider IAS said Wednesday it has released changes to its ChassisManager program at the Hampton Roads Chassis Pool (HRCP) to address changes in the chassis-provisioning model in the United States. Liner carriers are in the process of phasing out ownership of container chassis throughout the country. IAS said […]
Hong Kong Terminals International, the handler for the busiest air cargo airport in the world, registered “satisfactory” results in the first quarter with a total of 643,912 tons. Most of the tonnage for the period occurred in January and March. “February has always been a traditional slower month due to the extended […]
Leading U.S. business organizations announced the formation of the Business Coalition for Transatlantic Trade (BCTT) on Capitol Hill Wednesday, outlining the key benefits of a wide-ranging trade deal between the United States and European Union. The deal, dubbed the Transatlantic Trade and Investment Partnership (TTIP), was first highlighted by President Obama during his State […]
U.S. import and export pricing inched down in March, with imports falling by 0.5 percent, while export prices declined by 0.4 percent, according to the Bureau of Labor Statistics. The declines, which officials blame on a downturn in fuel prices, were preceded by import price gains of 0.6 percent in February and 0.5 […]
The liner carrier Hyundai Merchant Marine said Thursday it will offer a refrigerated container on-board temperature monitoring service in which customers can check the temperature of their shipments via a Website. The fee for the service is $100 per unit, and it is available for vessels operating in the transpacific from South Korea to […]
“USA Maritime is severely disappointed that the Obama administration has moved forward with this misguided proposal to effectively eliminate the long-standing and successful Food for Peace program,” the group’s chairman said.
Jeremy Baskin, senior advisor to the executive director of Regulations and Rulings at U.S. Customs and Border Protection, will retire June 1 after 35 years of federal service, he confirmed in an e-mail. Baskin began his career with Customs in 1977 as a staff attorney. He frequently briefs the trade community on compliance issues and […]
According to Hong Kong news reports, mediation talks between striking dockworkers and the contractors who employ them have “broken off without any immediate progress,” as the strike at HKIT continues into its 14th day.
DHL is planning to enhance its services in Asia, introducing additional widebody plane capacity for routes between Asia and the Americas and adjusting its intra-Asian network. The changes take effect later this month.
The president’s budget proposal reserves $50 billion for upfront infrastructure projects, creates a program aimed at increasing private investment in infrastructure, and sets money aside to re-tool the nation’s air-traffic control system.
