NASA is trying to convert its Michoud assembly plant near New Orleans into a multi-use manufacturing facility for commercial applications after the federal government canceled the Space Shuttle and Constellation programs.
The Jones Act carrier reported a net loss of $17.9 million in the fourth quarter ending Dec. 23, compared to a net loss of $63.6 million (profit of $74.2 million from continuing operations) in the same 2011 period.
Cathay Pacific Group’s profit for 2012 fell 83.3 percent, year over year, to HK$916 million ($118 million) due to a mix of high fuel prices, weak air cargo demand and passenger yield pressure. Officials also pointed to the tough European economy and increased competition as factors for the severe drop in profitability. Air […]
Port of Tanjung Pelepas (PTP), Malaysia’s largest container terminal operator, has appointed Glen Hilton to chief executive officer. “Glen’s track record and extensive experience in managing ports and delivering results makes him the ideal candidate for this position,” said Datuk Mohd Sidik Shaik Osman, PTP’s chairman, in a statement. Hilton has spent […]
The U.S. Federal Aviation Administration has approved Boeing’s certification plan for the redesign of the faulty 787 Dreamliner battery system, allowing further testing and analysis of the new system to make sure it’s in compliance with current guidelines. Boeing redesigned internal battery components to lessen the chance of a short circuit, the culprit […]
Pushed up by higher fuel prices, the price index for U.S. imports increased by 1.1 percent last month, the largest monthly price increase since August, according to data released by the U.S. Bureau of Labor Statistics.
The union’s wage scale delegates on Tuesday approved, in principle, the proposed aspects of the master contract for its dockworkers. The ILA and USMX will meet Wednesday to review the complete master contract proposal.
The Athens, Greece-based containership chartering firm Box Ships said Wednesday it has priced its previously announced public offering of 4 million common shares at $5.25 per share. The offering is expected to close on March 18. The company has granted the underwriters a 30-day option to purchase an additional 600,000 of its common […]
Saying that trucking is critical to the Canadian economy and the country’s trading relationship with the United States, Canadian Transport Minister Steven Fletcher told the Manitoba Trucking Association that he will work to promote harmonization in the country’s trucking regulations, eliminating ineffective rules while bolstering those that have impact in the industry. Among […]
AirBridgeCargo has re-signed its unit load device (ULD)-management contract with CHEP Aerospace Solutions, extending the business relationship for another five years. CHEP supplied ABC with more than 5,000 ULDs each month on flights from Russia to North America, Asia and Europe. ABC primarily uses cargo pallets, but CHEP also supplies non-mainstream load devices […]
Hanjin Logistics, a subsidiary of liner carrier Hanjin Shipping, has opened new offices in Ho Chi Minh City and Hanoi, Vietnam, and Mumbai, India. The company started operations in Vietnam in 2008 as a business unit of Hanjin Shipping. Hanjin Logistics India launched its services in January. The Mumbai location, along with […]
Golden Cargo and time:logistics have banded together to create maritime services, promising high speed and reliability. Speed is the most important aspect of the partnership, said time:matters Chief Executive Officer Franz-Joseph Miller. “Our customers benefit especially from the combined expertise in the maritime and ship spares sectors as well as from an expanded […]
Globe Tracker International (GTI) has introduced a product for tracking and monitoring cargo and assets such as shipping containers. “After working for over half a decade to develop, test and pilot Globe Tracker’s devices and networks, we are thrilled to offer GTI’s game-changing supply chain tracking, monitoring and trade data sharing technology to […]
Steel exports in January increased by 11.2 percent, compared to December 2012, according to U.S. government data analyzed by the American Institute for International Steel (AIIS). “Exports increased… on the strength of exports to our NAFTA partners in January while exports to all other regions declined on a month-to-month basis as international demand […]
Tideworks Technology, a Seattle-based provider of terminal management and planning software solutions, said it has completed implementation of its terminal operating system at Cai Lan International Container Terminal (CICT) in Vietnam. CICT went live with Tideworks’ solutions at the greenfield terminal located in Ha Long City. The terminal is a joint venture between […]
Tony Tyler, IATA’s head, told an industry gathering the only way to move air freight forward is to modernize processes, secure the supply chain, follow dangerous goods regulations and commit to environmental sustainability.
ATI, which is based in Little Rock, Ark., has a fleet of 13 aircraft, consisting mostly of freighters and three combi planes. The company previously announced that it has no plans to purchase planes in 2013.
The Korean Register of Shipping has taken its information mobile with the launch of a new app called SMART Fleet. SMART Fleet is available on Android and iOS platforms and delivers up-to-date information on vessels, fleets, surveys, audits, and port state control. Along with SMART Fleet, the registry has developed a mobile […]
Truckload line-haul costs have risen 4.3 percent last month compared to February 2012, but have remained flat from January, according to the Cass Truckload Linehaul Index. Intermodal costs have increased by 2.2 percent compared to last month and 9.9 percent year over year. Truckload rates have remained on an upward trajectory since a […]
China’s COSCO Group said Monday it’s proposing to shuffle assets to help boost results in 2013 and reduce the risk of its stock being suspended from trading on the A-share market in Shanghai. In an announcement Monday, China COSCO Holdings Company Ltd., which is listed on both the Shanghai and Hong Kong stock […]
