FedEx has achieved 22 percent improvement in its vehicle fuel economy, surpassing a 20-percent benchmark it set in 2008 seven years early. The company has now set a new target of 30 percent fuel-efficiency improvement over 2008 levels by 2020. The company has made these emissions improvements by increasing the size of […]
Norfolk Southern is no longer sorting manifest railcars and building blocks of cars by destination at its yard in Roanoke, Va., because it is uneconomical, the railroad announced last week. The volume of general merchandise cars there has declined by about 30 percent since 2006, and the geographical location and layout of the Roanoke […]
The Occupational Safety and Health Administration has ordered Norfolk Southern Railway Co. to pay $1.2 million to three workers for wrongfully terminating them for reporting workplace injuries, a violation of whistleblower rules.
Houck Anderson, a Miami-based maritime and admiralty law firm, has merged with The Chartwell Law Offices, one of the fastest growing law firms on the East Coast. Houck Anderson was founded in 1992 by Mark Houck and Andy Anderson. The firm, with offices in Miami and Ft. Lauderdale, expanded its practice areas to […]
The federal government says that people who used to make Twinkies, Ho Hos and Wonder Bread lost their jobs in part due to foreign competition and qualify for training subsidized by the government. In November, Hostess Brands Inc. shut down and filed for bankruptcy liquidation, saying it was unable to keep up with […]
The Denmark-based consultant SeaIntel Maritime Analysis said Wednesday it has opened a new office in Hong Kong. The office will be managed by SeaIntel senior consultant Thorsten Boeck. “SeaIntel has seen a growing need for experience-based and thorough analysis and consultancy services in the container shipping industry in the past couple of […]
The U.S. Export-Import Bank has approved a final commitment of $1.1 billion to finance the export of Boeing 737-900ER planes to Lion Air, the largest privately owned airline in Indonesia. The aircraft will be delivered to Lion Air, Malindo Airways (Malaysia) and Batik Air (Indonesia). Ex-Im Bank estimates the transaction will support […]
A U.S. Export-Import Bank direct loan in the amount of $28.6 million will allow Gamesa Wind US, based in Trevose, Pa., to assemble 12 wind turbines for export to a Honduran power company. The transaction helps to expand a project first supported by the bank in 2010, when its long-term financing of 51 […]
The Office of the U.S. Trade Representative this week has decided to liberalize the designation of the existing Qualifying Industrial Zones (QIZs) in Egypt to make all production facilities, present and future, located in these zones potentially eligible to export goods duty-free to the United States. Liberalizing the current designation will increase opportunities […]
The U.S. Commerce Department and Mexican tomato growers and exporters have finalized a new agreement that suspends the antidumping duty investigation of fresh tomatoes from Mexico. “This agreement meets the requirements of U.S. antidumping law and provides an effective remedy for the U.S. domestic industry that protects American jobs,” said Paul Piquado, U.S. […]
Three Philippine nationals were convicted Monday in Los Angeles of illegally importing military grade weapons into the United States after being caught in a sting operation that was conducted in the Philippines, the Justice Department said. Sergio Syjuco, 26; Cesar Ubaldo, 27; and Arjyl Revereza, 26, were convicted after a four-week trial by […]
Soren Skou, chief executive officer of Maersk Line, outlined plans to improve service to customers on Monday during a keynote speech at the Journal of Commerce‘s 13th annual TPM conference in Long Beach, Calif. Skou said the company is taking steps to improve revenue and reduce costs, telling the audience he expects freight […]
Third party logistics services provider AutoInfo has been acquired by a subsidiary of Comvest Investment Partners for a 7 percent premium on the company’s Feb. 28 share price. AutoInfo’s board has approved the merger and is awaiting approval of its shareholders. The agreement is expected to close in the second quarter. “Comvest’s growth […]
The European Shippers Council has denounced a European Court’s recent judgment that gave a Deutsche Bahn subsidiary management of the German railways. The European Union had brought a court challenge alleging that Germany wasn’t properly adhering to unbundling, a measure in the current EU railway package that separates rail transport and infrastructure management […]
Supply Chain Solutions, a Grand Rapids, Mich.-based logistics services firm, will lease 38,500 square feet at a warehouse in Lafayette, Ind., near Interstate 65, as part of its ongoing Midwest expansion. The five-year lease comes with expansion opportunities up to 147,000 square feet. Supply Chain Solutions is relocating its Chicago warehouse to Lafayette […]
Auto dealers and wholesalers who buy used vehicles via Ally Financial’s SmartAuction online now have the option to transport them via ShipCarsNow. ShipCarsNow, a Union Pacific subsidiary, provides auto transport throughout the United States via door-to-door rail and direct truck service. It’s connected with other Class I railroads and more than 7,000 trucks […]
“Unfortunately, no one — ACMG included — is predicting a near-term return to steady growth of 6 percent per year, a rate which was commonplace before 2000,” Robert Dahl, managing director of ACMG, said.
The trade association, which represents many of the world’s shipowners, has picked Angus R. Frew to succeed retiring Torben C. Skaanild as secretary general and chief executive officer later this year.
U.S. Customs is using plans for how to resume business in the wake of a natural or man-made disaster as a guideline for dealing with the forced budget cuts that went into effect March 1, the agency said in a memo.
It’s been governance by crisis the past two years in Washington. First it was the debt-ceiling standoff that nearly wrecked the nation’s credit rating, then there was the two-week partial shutdown of the Federal Aviation Administration after a partisan dispute over unionization of airline workers, and finally a reauthorization bill last year after […]
