News reports said Tuesday’s negotiations between dockworkers and their employer would be the third round of talks mediated by the Hong Kong’s Labor Department in the past 20 days of the strike.
Increases in container volumes and air freight activity lead Kuehne+Nagel to increased its first-quarter turnover by 5.4 percent, turning in revenue of CHF 5.09 billion ($5.5 billion). Profit at the Swiss freight forwarder rose by 2.3 percent, year over year, and net earnings also increased. Container volumes rose by 2.3 percent, year […]
The Philadelphia-based logistics company BDP International has taken an equity position in Interflex, based in Cartagena, Colombia. The resulting joint venture will operate as BDP International Colombia under its current management team led by Enrico Benedetti. “Our decision to bolster our presence in Colombia is based on a number of factors, not the least […]
The Global Shippers’ Forum said it has begun a campaign to enhance safety in the maritime transport supply chain. “While the vast majority of shippers comply with the rules, it is a regrettable fact that instances of mis-declaration and poor standards of loading and securing take place. Much of this is down to a […]
Bahri said it had a net profit in the three months ending March 31 of 144.5 million SAR-Saudi Arabian Riyal ($38.5 million), a decrease of 9.7 percent from the same period in 2012. Saleh N. Al-Jasser, the company’s chief executive officer, said the main reason for the decrease was lower average time charter […]
A trade agreement between the United States and European Union will be a “shot in the arm” for exporters in the Europe, wrote EU Minister Richard Bruton in an editorial for Dublin’s The Daily Business Post. The Irish politician, who oversees jobs, enterprise and innovation, will chair an informal meeting of EU trade ministers in […]
The liner carrier Mediterranean Shipping Co. said Monday it plans to hike rates from the U.S. West Coast to the Oceania region on June 1. The increase is $200 per 20-foot container and $400 per 40-foot container.
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 […]
