French liner carrier CMA CGM said it had a net profit of $361 million in 2012 compared to a loss of $5 million in 2011. Consolidated revenue rose was $15.9 billion, 7 percent higher than the $14.9 billion in 2011. The company said it carried 10.6 million TEUs, 6 percent more than the […]
After just a month and a half on an eight-week rotation, the ocean carrier Maersk Line has once again increased the speed of its weekly FM3 service between Asia and the Indian Subcontinent, decreasing roundtrip voyage time on the service from 56 days to 49 days. American Shipper reported April 12, 2012 that the FM3 […]
After two and a half months on a 10-week rotation, the ocean carrier Maersk Line has removed one of the two vessels added to its weekly Asia-to-South Africa Safari 1 service in December 2012. Roundtrip voyage time on the service has decreased from 70 days to 63 days, and transit times eastbound from […]
Express carrier UPS has acquired the 49 percent interest that VN Post Express had in a joint venture, giving the company 100-percent control of its operations in Vietnam. “With UPS now wholly-owned in Vietnam, our customers in this growing market are better connected to the world through the UPS global network,” said Brendan […]
Echo Global Logistics, a Chicago-based provider of transportation and supply chain management services, has acquired Open Mile, a truckload brokerage headquartered in Boston. “Open Mile has developed leading edge, cloud-based technology that successfully automates many of the manual tasks of transportation management,” said Douglas R. Waggoner, Echo Global’s chief executive officer, in a […]
Hiab, part of Cargotec corporation, has received 1.4 million euros ($1.8 million) in funding from the European Union for a three-year research project with three universities in Poland and Sweden to develop sustainable load-handling equipment. Specifically, the project will focus on a new approach to control systems to improve operational safety and the […]
The American Trucking Associations argued Friday in front of a panel of judges from the U.S. Court of Appeals for the D.C. Circuit that the FMCSA’s hours of service rule changes should not be implemented.
Descartes has integrated its messaging services with the e-desk application at the Antwerp Port Community System, a network that connects port participants and facilitates data exchange. Now port members can send paper-based processes in the cloud and the port can transmit standardized wireless messages using Descartes’ global logistics network. The community system’s […]
The G6 Alliance, which announced earlier this year that it would expand beyond the Asia-Europe trade lane, has revealed port rotations for six services between East Asia and the U.S. East Coast, starting in May.
“K” Line has not yet decided if it will own the ships or charter them from another company. “There are several options but our basic idea is to create an off-balance-sheet scheme for these vessels,” a “K” Line spokesman said.
The Shanghai Container Freight Index (SCFI) for exports from China jumped sharply last week. The overall SCFI rose 13.1 percent to 1,231.31, while the index for cargo moving to Europe was up a whopping 42.4 percent to 1,423 and to the Mediterranean, 42.3 percent to 1,366. ACM/GFI’s Container weekly newsletter said the increase “reflected an […]
Cathay Pacific Airways and its subsidiary Dragonair carried 103,752 tons of mail in February, a 12 percent, year-over-year decline despite an 8.3-percent reduction in capacity. The load factor decreased to 61.1 percent, and revenue fell by 14.9 percent. James Woodrow, the carrier’s general manager for cargo sales and marketing, blamed the sluggish numbers […]
Building on the success of an ocean-import security pilot designed to increase trade efficiency, the United States and Canada on Thursday reached an agreement in principle to move ahead with a trial program for pre-inspecting U.S.-bound trucks in Canada instead of at the border. The U.S. Department of Homeland Security (DHS) and Canada’s […]
Maersk Line’s Triple-E container ships will star in their own television mini-series. The shipping company said the Discovery Channel will broadcast a six-part series on the construction of the ships at Daewoo’s DSME shipyard in South Korea. “Discovery Channel has exclusive access to document every stage of the build; from the design […]
Friday, March 15, marked the one-year anniversary of the entry into force of the U.S.-South Korea free trade agreement and, so far, the White House is pleased with the results. U.S. auto, chemical, services and ag exports make inroads.
Forever 21 has been ordered by a district court to comply with a subpoena issued by the U.S. Department of Labor’s Wage and Hour Division in August, demanding the retailer produce supply chain documents regarding garment shipping. The retailer had declined to follow the subpoena. The organization originally demanded the documents following a sweep […]
Commissioner William P. Doyle said the G6 Alliance will deploy more than 50 ships in the transpacific trade, with three strings through the Panama Canal and three through the Suez Canal, and is scheduled to begin operations in May.
The marine terminal operator will manage a dedicated facility created for the barge service that will haul export and import containers to and from the Port of Oakland, 75 miles away on the San Joaquin River.
Soren Skou, Maersk Line CEO, said if there’s insufficient demand by shippers for transport when its 18,000-TEU ships enter service later this year between Asia and Europe, the company will trim capacity.
The motor carrier sent the union a proposed set of network changes to optimize line-haul density, reduce shipment handling and improve service. YRC would like the improvements to start in May.
