Dachser’s group revenue grew 3.7 percent, year over year, in 2012 to 4.41 billion euros ($5.7 billion), on the strength of 49.8 million handled shipments. Based on its growth prospects and increased activity, company officials hope to surpass 5 billion euros in revenue for the first time this year. The latest numbers show Dachser is […]
Transpacific air freight rates ticked up by nearly 10 cents per kilo, growing to $3.32 per kilo after a slow start to the year, according to Drewry’s East-West Airfreight Price Index. The number shows strong growth over September’s price of $3.15, but is still far off from the rate high points seen in November […]
U.S. and Canadian administrators last week opened the St. Lawrence Seaway for its 55th navigation season after a winter of extensive maintenance and upgrades. Canada Steamship Lines’ new Baie St. Paul, the first of a series of new fuel-efficient vessels specifically constructed for use in the Seaway, was the first vessel to enter […]
The proposed merger between the container liner companies Hapag-Lloyd and Hamburg Süd has been called off. A brief statement from the shareholders of Hapag-Lloyd – the Albert Ballin investment group and the German tourism company TUI – on Sunday indicated the merger had been put on hold at the request of the Oetker Group, the […]
The U.S. Federal Motor Carrier Safety Administration has ordered Georgia-based General Trucking and Michigan-based Highway Star to shut down, saying the carriers are imminent public safety hazards due to a number of safety violations. At General Trucking, the agency found officials disregarded driver-qualification requirements, didn’t monitor current hours-of-service requirements and let drivers operate […]
Amerijet International has begun offering a range of commercial barrel shipping services to Aruba, Barbados, Haiti, Jamaica and a host of other Caribbean destinations. In the barrels, shippers can send everything from hazardous materials to food, bulk products and liquids. Barrels destined for the Caribbean will likely route through Amerijet’s hub in […]
Roy Schleicher, interim CEO at the Florida port, said because of the depressed economy, the port came to a “mutual agreement with Hanjin… that we would not pursue building their container terminal at Dames Point.”
Rep. Dan Lipinski, D- Ill., has introduced legislation which aims to stop foreign manufacturers from skirting U.S. Customs duties by creating a better information-sharing network between the industry and government.
Currently, import containers that don’t move inland from the dock as a block on unit trains are trucked 24 miles to BNSF’s Hobart Yard. The new intermodal facility would reduce about 1.3 million truck trips annually.
Lead bill sponsor State Republican Rep. Gene Ward noted foreign-built vessels are allowed in the domestic Guam trade, and said an exemption for cruise ships was put in place in 2003 by the late U.S. Sen. Daniel K Inouye.
The Port of New Orleans said its board of commissioners has given notice to AECOM Technical Services to begin the design of the port’s new Mississippi River Intermodal Terminal Project. The port received a $16.7 million federal transportation grant last year for improvements to the Napoleon Avenue Intermodal Terminal. The project site is […]
Maersk Line on Friday said it will raise freight rates April 15 from Asia (excluding Japan) to European destinations by $500 per TEU, while its rates to Syria will be raised 385 euros per TEU. “The prevailing freight rates from Asia to North Europe and the Mediterranean make it unsustainable and financially unviable to offer […]
A recently introduced bill in the U.S. Senate aims to eliminate antitrust exemptions in the rail industry, which according to the American Chemsitry Council, provides railroads with “unique government protections that help shield them from free markets and competition.” Sens. Amy Klobuchar, D-Minn., and David Vitter, R-La., introduced the bill Thursday. If […]
Canadian Finance Minister Jim Flaherty released his 2013 budget yesterday, calling for more than $47 billion in new infrastructure spending in the next decade. In a speech announcing the budget, Flahrety said the program, his update to 2007’s Building Canada plan, will be “the largest and longest federal investment in building roads, bridges […]
Local government and industry officials at three ports on the opposite end of the spectrum in California are lobbying members of Congress and U.S. Customs to adjust how the agency is implementing forced budget cuts because reductions in manpower to clear cargo are beginning to harm the maritime industry, with potential losses of millions […]
The U.S. Surface Transportation Board has rejected a petition by the Association of American Railroads to consider product and geographic competition when analyzing whether rail rates for coal transportation are reasonable. The STB stopped including non-transportation factors in its analysis in 1998. The agency filed its petition in November, saying that indirect […]
Indonesia President Susilo Bambang Yudhoyono broke ground Thursday on the nation’s largest port development, a project designed to allow Indonesia to accommodate the world’s largest containerships by 2018. The Kalibaru Project, or New Priok, includes an initial investment of $2.5 billion by the country’s largest port operator, IPC, at the port of Tanjung […]
The cloud-based global trade technology developer GT Nexus said this week it has been selected by the appliance manufacturer Electrolux to provide a cloud technology platform to automate the global freight spend management process for ocean and air. “We needed better technology to support our move from normal annual and spot buying to […]
The U.S. International Trade Commission ruled imports of stainless steel sinks from China are subsidized by the Chinese government and are harming domestic manufacturers of similar products since they are sold on the U.S. market at less than fair value. All six ITC commissioners voted in the affirmative on Thursday. As a […]
A consortium of APM Terminals, Bolloré Africa Logistics and the French industrial conglomerate Bouygues has been named the preferred bidder to manage a second container terminal at the Port of Abidjan in Ivory Coast. The $590 million project would be covered by a 21-year concession. The new terminal is slated to have a […]
