Trucking between the United States and Canada accounted for more than 53 percent of the $51 billion in trade, and trucking also propelled the $39.5 billion in trade, with Mexico accounting for 67.4 percent, according to DOT.
The U.S Environmental Protection Agency has issued a proposed rulemaking presenting new sulfur standards for gasoline, which will reduce the sulfur content in gas by more than 60 percent. This would reduce the amount of smog and soot in the air, adding great health benefits to the proposed change. The agency cited […]
The U.S. economy grew at an annual rate of 0.4 percent in the fourth quarter, up 0.1 percent from an earlier estimate last month, according to the U.S. Department of Commerce. In the third quarter, the nation’s output of goods and services increased 3.1 percent. The government’s first estimate, which used preliminary data, […]
Organization members agreed to press for ending government air carrier ownership and control, enhanced air cargo liberalization and a focus on minimizing air transport taxes during their recent conference.
Things are looking up for JB Hunt, according to a BB&T analysis ahead of the company’s release of first-quarter results. BB&T predicts intermodal volumes will rise near the top of a company projection, finishing the quarter at 14 percent (the company has a growth target of between 10 and 15 percent). The industry […]
The strike began in mid-March at Angamos, but has since spread to the ports of Antofagasta, Iquique, Mejillones, San Antonio, San Vicente, Lirquén and Coronel. Chilean liner carrier CSAV called the strikes a force majeure event.
The $84 million project, one of four rail projects collectively dubbed the “Green Port Gateway,” was funded by a $17 million TIGER grant from the DOT and $27 million from California’s Proposition 1B transportation measure.
China COSCO Holdings Co. said it had a loss of 8.1 billion Chinese Yuan Renminbi ($1.3 billion) in 2012 down from a loss of 8.9 billion RMB in 2011. Revenues were up 88.3 billion RMB compared to 84.6 billion RMB in 2011 and the operating loss for 2012 was 7.5 billion RMB compared to […]
UTi Worldwide reported a fiscal fourth-quarter drop in revenue of 4.7 percent to $1.09 billion and a decline in net revenues, year over year, of 8.7 percent. Revenues for the fiscal year dropped, year over year, from $4.91 billion to $4.61 billion. Responding to these results, the company is taking steps to […]
Walter Kemmsies, chief economist of Moffatt & Nichol, said Thursday he is forecasting import cargo volumes in the peak season this year could be 5 percent higher than in 2012, but cautioned the economic outlook is cloudy because of government policy uncertainty. One of several speakers at the Port of Long Beach’s annual Pulse […]
IATA’s cargo head, Des Vertannes, said this agreement gives momentum to the goal of creating a paperless cargo infrastructure. He also called it the most significant cargo standard passed in the last 20 years.
TAGG Logistics will consolidate its three sites around St. Louis next month by opening a 200,000-square-foot facility next to the Lambert-St. Louis International Airport. The development will include multiple kitting and assembly lines, warehouse management and high-volume order-picking systems, and a bulk distribution space. More than half of its business flow is […]
TNT has not abandoned China and will instead focus on international express service from the country. The company will still staff 36 depots across the country and three hubs with about 3,000 employees.
American Shipper surveyed more than 250 shippers and third party logistics providers on their transportation payment and auditing practices and technologies. This year’s report delves into new areas, including the interaction between shippers’ logistics operations and finance departments, and whether shippers and 3PLs are using their payment data in the broader procure-to-pay process. Key Focus […]
Government and maritime industry leaders in Southern California, in a meeting with U.S. Maritime Administrator David Matsuda, made the case Tuesday for expanding the use of a federal trust fund beyond its traditional purpose of funding maintenance dredging of navigation channels to include other types of projects that improve the efficiency of ports, Rep. Janice Hahn, […]
News reports said Guillermo Luksic Craig died of lung cancer. Through its 83 percent stake in Quiñenco, one of Chile’s largest conglomerates, the Luksic family acquired a stake in CSAV in 2011.
According to a BB&T Capital Markets Analysis, truck production will grow from a high end of 263,000 in 2013 to more than 300,000 units in 2014. Truck production for 2012 stood at 278,000 vehicles.
The global container terminal operator PSA International said Thursday it made an operating profit of $1.5 billion in 2012, an increase of 6.7 percent over 2011. PSA’s revenue grew 4.3 percent to $3.7 billion, while it’s net profit rose 10.7 percent to $1 billion. Volume through PSA’s global terminals rose 5.2 percent […]
The cargo handling solutions and services company Kalmar said it has been tapped by Long Beach’s Total Terminals International (TTI) to implement its SmartPort process automation. TTI is a terminal operating affiliate of Hanjin Shipping and the largest single terminal in the Port of Long Beach. Kalmar is a subsidiary of cargo handling […]
The maritime consultant Dynamar this week released a new report detailing the intra-Northern Europe container trade, including a breakdown of the 160 services on the trade. The intra-Northern European trade includes 40 different carriers deploying container, roll-on/roll-off and multipurpose ships with container capacities of 100 to 3,400 TEUs. The report finds Unifeeder provides the most ships […]
