February continued the trend of a weak air cargo recovery. Tony Tyler, IATA’s chief executive officer, noted the Eurozone crisis is still “far from over” and continued economic uncertainty will have an impact on air cargo growth.
Along with previous funding, Georgia has allocated $231.1 million toward the state’s portion of the Savannah Harbor Expansion Project, which will deepen the harbor from 42 to 47 feet to accommodate the biggest box ships.
The non-vessel-operating common carrier CaroTrans said Tuesday it will add two Shanghai-to-U.S. less-than-containerload (LCL) services to its transpacific services. The services include a new connection between Shanghai and Atlanta, scheduled to start April 7, while the other is a service from Shanghai to New York, beginning May 5. The weekly Shanghai-Atlanta service […]
Delta’s cargo ton miles inched up by 0.8-percent, year over year, in March, ending the month at 207,974 tons. For the first three months of the year, Delta’s cargo tonnage of 561,796 was good for a 1.3-percent year-over-year increase. Unit revenues for March increased by 2 percent, year over year, propelled by transatlantic […]
On Friday, the state Senate voted to increase the state’s gas tax by up to 20 cents by mid-2016 to raise an estimated $4.4 billion over six years. Motorists are expected to get a 4-cent per gallon tax increase by July.
The liner carrier Mediterranean Shipping Co. said Tuesday it has agreed to sell a 35 percent stake in its terminals business, Terminal Investment Ltd. (TIL), to the New York-based private equity group Global Infrastructure Partners for more than $1.9 billion. The price, MSC added, includes certain payments contingent on TIL’s future performance. Closing […]
Scott Florida Gov. Rick Scott chided President Obama for advancing a proposal for $21 billion in transportation infrastructure investments during a visit to the Port of Miami on Friday while not providing necessary federal funding for port facilities in the state. At the Port of Miami, Obama urged Congress to pass an infrastructure package […]
The carrier now has major gateways in five U.S. cities, including Los Angeles, New York, Washington, and Chicago. Houston services will start with four frequencies a week and expand to six flights per week.
Atlas Air has added its eighth Boeing 747-8 freighter, which will enter into ACMI (aircraft, crew, maintenance and insurance – wet lease) service during the second quarter for an undisclosed customer. Atlas still has one more 747-8 on order and is expected to take possession of the aircraft in the second quarter, completing […]
The Web-based global trade management solutions provider QuestaWeb said Tuesday it has entered into an alliance partnership with AduanaSoft, a Chihuahua, Mexico–based provider of IT solutions that automate Mexican Customs clearance. Under the terms of the alliance, QuestaWeb and AduanaSoft have integrated their software to offer a seamless solution for U.S. companies manufacturing […]
The agency announced Saturday that Richard A. Lidinsky Jr. has resigned as chairman and Commissioner Mario Cordero of Long Beach, Calif., who joined the FMC in June 2011, will take his place, starting April 1.
SAI Global Ltd. has acquired the Steritech Group’s supply chain certification services, giving SAI more marketshare in the food safety assurance arena. Steritech’s services include auditing, training and other programs aimed at improving food safety. “We believe that our clients’ supply chain certification needs will be better served by an organization with […]
According to reports posted on the Teamsters’ Website, the most recent proposal the less-than-truckload carrier brought to the union contained a 15-percent wage cut. The union rejected that proposal. Negotiations are to resume April 8.
In the first quarter of 2013, the spot market stayed mostly flat, showing little volatility, which, according to BB&T Capital Markets, was great news for shippers but gave carriers less of a reason to be happy. The absence of volatility, the analysts noted, has not been friendly to C.H. Robinson’s truck brokerage operations. BB&T […]
In proposed legislation, the senator seeks a “merit-based” system for funding port infrastructure. “This bill changes the way we deepen ports and it sets aside money to make sure there will be money there available to us,” he said.
The logistics company Agility said it had net profit of 34.3 million Kuwait dinar (KD) in 2012 ($119.9 million), 27 percent more than in 2011. Revenue in 2012 was 1.4 billion KD, 7 percent more than in 2011. In the fourth quarter, the company reported a net profit of 9.6 million KD, […]
Old Dominion Freight Line said Monday it has relocated its Des Moines Service Center to a facility more than twice the size of its previous service center. The new center has 123 doors on 32 acres. “Des Moines is an important regional hub for Old Dominion due to its central geographic location,” […]
The Atlanta-based global express delivery company has fully cooperated with the investigation and will now implement a compliance program to prevent illegal online pharmacies from using its services.
Obama President Barack Obama made the case for federal investment in transportation infrastructure during a visit to the Port of Miami Friday, where he observed the construction of a $900 million, privately financed port access tunnel that bypasses downtown streets to carry truck traffic between the port and nearby interstate highways. The president used the […]
The United States on Friday announced it’s considering a Trade and Investment Framework Agreement (TIFA) with the Economic Community of West African States (ECOWAS). “A Trade and Investment Framework Agreement with the Economic Community of West African States can significantly contribute to economic growth and increased international competitiveness on both sides of the […]
