“Outsourcing our logistics division will help to reduce costs throughout our logistics operations while allowing us to focus on core competencies,” said Torsten Pilz, senior vice president of supply chain at Henkel Consumer Goods.
As part of the Obama administration’s “Joining Forces” initiative, UPS will hire 25,000 veterans over the next five years. The company has also pledged to serve more than 25,000 hours volunteering for veterans service organizations. According to a press release, veterans and members of reserve and National Guard units currently make up 7.5 […]
London-based Diageo, the world’s largest distributor of liquor, has refocused its supply and procurement operation, aiming to save 60 million pounds annually by 2016. Restructuring costs are pegged at 100 million pounds. While the exact nature of the reorganization isn’t yet apparent, the company will focus on reducing regional structures and strengthening […]
The Department of Energy is currently reviewing 16 proposals for LNG export facilities. If they are all approved, they could export 45 percent of the natural gas produced in the United States, according to environmental groups.
The United Shippers Alliance has released a new version of iRate RMS, a software that provides access to the organization’s database of global ocean container rates. The alliance developed iRate with the help of (ampl)EGO. The cloud-based software also lets shippers manage their ocean contracts and quotes across all of their trade […]
“Having introduced our round-the-world Pearl String service with an eastbound rotation 10 years ago, we are convinced that the time to start up a similar concept in the other direction has now come,” said Rickmers CEO Ulrich Ulrichs.
The transportation industry carried 1.2 percent more freight in January than in December, according to the U.S. Department of Transportation. January marked the third consecutive month of growth for the freight industry. These shipments were up year-over-year by 1.3 percent. January’s total was 18 percent higher than the low point of freight […]
Several container carriers will combine two services operating between Southeast Asia and Australia next month into a single string employing larger ships. The new service will be operated by Hapag-Lloyd, China Shipping, Hanjin, RCL, and United Arab Shipping Co., with ANL, Hyundai Merchant Marine and OOCL buying slots. Five vessels with capacities […]
The federal mediator said the agreement will be submitted to the membership of each group for ratification and “paves the way for six years of stable labor-management relations covering all the Atlantic and Gulf Coast ports.”
Participants in the latest installment of American Shipper‘s quarterly survey on developments in the transpacific container trade, TP Pulse, expect freight rates to increase or remain stable in the coming year. During the past week, 120 readers took part in the seven-question online survey, including 61 shippers and 37 third-party logistics services providers. About 43 percent […]
The European Commission on Tuesday agreed on a draft mandate for negotiators who expected this summer to engage with U.S. officials on forming a transatlantic trade and investment agreement.
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 […]
