US Airways has approved the use of OnAsset Intelligence’s GPS tracking device on its flights, allowing shippers to use the company’s SENTRY FlightSafe program to track cargo location and manage environmental conditions. The OnAsset device is packed in with the cargo, transmitting data to the shipper about the journey until the plane takes off […]
The radio frequency identification (RFID) companies SML Group and Nordic ID have joined forces, the companies said in a statement Tuesday. SML is a global supplier of brand identification labels and RFID data solutions, while Nordic ID is a RFID technology specialist. The new bundled solutions offer Nordic ID RFID handheld readers […]
The French liner carrier said it will manage and operate the terminal, giving customers the opportunity to clear their cargo through customs near Baghdad instead of the Umm Qasr seaport.
Saudi Airlines Cargo has taken delivery of the first of its two Boeing 747-8 freighters, which will enter service in May. The carrier will add the second aircraft to its fleet by the middle of June. Both will fly on Asia-to-Europe routes.
Rickmers-Linie, a regular carrier at the Port of Philadelphia since 2008, will expand its service to the port when it begins its westbound round-the-world service that will connect markets in Asia, South America, and North America. The new monthly service will complement Rickmers’ fortnightly eastbound round-the-world “Pearl String” service at the Port of Philadelphia. […]
The Chinese New Year depressed air freight activity out of Singapore Changi International Airport in February, with the airport seeing 126,500 tons of cargo during the month. The activity represented a 12.1-percent, year-over-year decline. Air freight in February also showed a decline when compared to January’s 140,297 tons of activity, which represented […]
Many eyes in the maritime industry Tuesday will be on Norfolk, Va., where the Virginia Port Authority’s Board of Commissioner’s is scheduled to vote on whether to pursue negotiations with one of two private bidders for a long-term management contract to operate the state-owned port facilities. U.S. ports in the past decade have frequently […]
COSCO Pacific said it had gross profit of $315 million in 2012, 22 percent more than in 2011. Revenue was $735.5 million, 23 percent more than in 2011. The company said revenue from the terminal business rose 24 percent to $402 million, mainly due to the business growth of Piraeus Container Terminal […]
The Clean Cargo Working Group, a coalition of major retailers, liner carriers, and logistics services providers, released a report Tuesday suggesting the vast majority of shipper members consider emissions data when making ocean procurement decisions. The report found that 78 percent of shippers in the group use carrier emissions data scorecards in their procurement-decision […]
The U.S. Export-Import Bank has entered a marketing partnership with the Monterey Bay International Trade Association (MBITA), a non-profit organization in northern California, to help small and midsized exporters enter overseas markets. The so-called City/State Partners program contract will connect Ex-Im Bank’s products and services to MBITA’s network of entrepreneurs and financial institutions in […]
The U.S. Export-Import Bank has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines. “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base,” said Ex-Im Bank Chairman […]
The National Shipping Co. of Saudi Arabia (Bahri) has sold its general cargo vessel, Saudi Diriyah, for scrap. The company received SAR 30.25 million ($8 million) for the ship, generating a net gain of about SAR 19.5 million after deducting its book value and all expenses related to the sale. The financial impact […]
DHL Global Forwarding has opened a 1,000-square-meter facility in Barcelona targeting the distribution of life sciences and healthcare shipments in Spain and Southern Europe. The new facility is complaint with the European Commission’s new standards on the transport of medicine and is a qualified Envirotainer provider. Two-thirds of the facility’s space is reserved for […]
In May, Florida Coastal School of Law will start a number of programs in logistics and transportation law, including a Master of Laws (LL.M.) degree, as well as graduate certificates for lawyers and non-lawyers interested in transportation law. The programs are offered online and can be completed on the student’s schedule any time. […]
Under Hochberg’s leadership in fiscal year 2012, the bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $35.8 billion in authorizations.
An Obama administration proposal to cap benefits enjoyed by buyers of tax-exempt bonds as part of a broader deficit-reduction strategy could harm the ability of U.S. port authorities to finance new infrastructure projects, experts say. Tax-exempt bonds are a traditional way for municipalities and states to pay for public works projects and spread the cost […]
A federal grand jury in San Juan, Puerto Rico, has returned an indictment against Thomas Farmer, a former executive of Jacksonville, Fla.-based Crowley Liner Services, for participating in a conspiracy to fix rates and surcharges for freight transported by water between the continental United States and Puerto Rico. The Justice Department’s indictment, filed last […]
As part of its initiative to raise profit levels, TNT Express will sell its Chinese and Brazilian domestic operations, ramp up technology investment and strive to generate 220 million euros ($283 million) in savings by 2015.
The freight transportation company Averitt Express said Monday it’s offering expanded electronic billing options, with customers now able to receive invoices via email. “The input we get from our customers is invaluable as we continue to find ways to improve our service and provide them with value-added benefits,” said Phil Pierce, Averitt’s executive […]
The agency is sparing 24 towers that had initially been targeted for closure, and 16 towers partially funded by Congress will remain open. Earlier this month, the FAA proposed closing 189 towers to meet the $637 million cut.
