The agribusiness used the electronic process to underlie a shipment of grain from Houston to Veracruz, Mexico. The transfer of documents took 19 minutes, the company said in a statement to Reuters.
The National Industrial Transportation League said Friday it estimates shippers could save more than $900 million if the U.S. Surface Transportation Board would increase competition by giving shippers greater ability to have freight switched between railroads. During a telephone press conference, NIT League President and Chief Executive Officer Bruce Carlton discussed a comprehensive study […]
UGC continued to unload a barge and load a ship with non-union employees on Thursday, despite its ILWU lockout. The facility normally employs between eight and 22 ILWU workers on each of its two shifts.
The rating agency Standard and Poor’s said CMA CGM’s liquidity has improved since it closed on a financial restructuring and equity deal. S&P on Thursday raised its corporate credt rating on the French container carrier to B- from CCC+ and the issue rating on the company’s senior unsecured notes to CCC from CCC-. “The rating […]
At Con-way, the less-than-truckload business is gaining momentum with LTL pricing expected to increase between 3 percent to 4 percent and the company’s LTL improvement initiatives expected to bear fruit during the second half of the year. But according to an analysis by Stifel Nicolaus, Con-way’s truckload, freight and Menlo Worldwide segments don’t work […]
The $754 million hit that U.S. Customs will take to its budget through Oct. 1 under the automatic federal budget cuts that kick in today will significantly decrease the efficiency of port operations, agency officials warn.
“We expect freight rate volatility to continue as carriers grapple with increasing overcapacity and resort to their preferred short-term measures of sailing suspensions and frequent GRIs,” the London-based firm said.
The American Institute for International Steel (AIIS) said steel imports increased 4.6 percent in January 2013 compared to December 2012, according to preliminary government data. “Import levels improved in January in a normal seasonal rebound from end-of-the-year declines as many consumers and distributors delay purchases to January due to inventory tax costs at […]
The Canadian Trucking Alliance is worried about what effects the automatic spending cuts will have on U.S. Customs staffing at the shared border between the two nations, since two thirds of trucked Canadian goods go to the United States.
Miami-based Aeronautical Engineers Inc. said Thursday it will offer conversions of Bombardier CRJ100 and 200 regional jets to freighters, with a payload of up to 6.7 tons. The oldest planes are at an age now that they can be acquired economically for conversion, it said. The planes will be equipped with a cargo-loading […]
The Japanese Shipowners’ Association (JSA) has added its voice to those asking the Suez Canal Authority(SCA) to rescind plans to raise tolls on May 1. In a letter sent to the canal authority this week, JSA said it expressed “deep disappointment at the unilateral toll increase without any dialogue between the SCA and […]
The liner carrier “K” Line said Friday it has upgraded its online container tracking capabilities, including a provision to track containers by smart phone or tablet. The carrier’s Global Container Tracking is available here. The mobile capability allows users to track shipments by container number, bill of lading, or booking number. Until […]
The freight forwarder and logistics enterprise system developer CargoWise said Thursday it has entered a new distribution partnership with Sri Lanka-based Asvinta Solutions to enhance local delivery of its ediEnterprise system in the South Asian country. Asvinta was founded in 2009 to supply Sri Lanka’s logistics and forwarding sector with IT solutions, based on a growing focus […]
Sen. Bob Casey, D-Pa., on Thursday introduced new legislation to address current problems facing locks and dams on inland waterways. Casey said the Reinvesting In Vital Economic Rivers and Waterways Act of 2013, also known as the RIVER Act, will help ensure locks and dams projects stay on schedule and on budget. This […]
While the U.S. Defense Department invested $171 billion on logistics in 2011, a recent report by the Government Accountability Office found the organization lacks a clear supply chain visibility strategy and fails to have a complete handle on food, fuel, spare parts and other equipment being sent to soldiers in the field. The congressional watchdog agency recommended a […]
The ACM/GFI Group cited steep declines in the index for the four large components of the Shanghai Container Freight Index (SCFI) “as the industry is still grappling with the hangover post Chinese New Year.” It said the SCFI fell 4.2 percent to 1117.04. The Europe route was down 7.9 percent to 1104, while the […]
Third party logistics provider Sunland Distribution has acquired a 722,000-square-foot warehouse located off Interstates 85 and 385 in Simpsonville, S.C. The 32-acre property along with the building was purchased from TGC, LLC. Built in phases from 1968 to 1993, the facility was once a distribution center for Pillowtex Corp. The facility will continue […]
Saia achieved record load averages in January and February despite weak seasonal tonnage, according to an analysis by Stifel Nicolaus. The less-than-truckload company has placed logistics post trailers into its arsenal, and this is helping boost capacity by 20 percent on linehaul runs, the analyst said. As load averages improve, the company is […]
The extended deadline will coincide with the wage scale meetings planned by the union for the week of March 11 where union delegates will consider a tentative six-year master contract agreement reached by USMX and the ILA on Feb. 1.
“Don’t count on us doing one every two weeks,” Chief Executive Officer Brad Jacobs told American Shipper in an interview. “We’ll do at least three more acquisitions this year. We’re looking at acquisitions of all different sizes.”
