The liner carrier said the move will “allow the cargo booked in time to receive the best attention… especially in view of the well-known and widely announced limited availability of space and equipment during the incoming weeks.”
Hong Kong-based Orient Overseas International, Ltd. (OOIL), the parent company of liner carrier OOCL, on Wednesday said its 2012 operating profits rose 86.9 percent year-on-year in 2012 to $343.2 million.
The union said United Grain “took the extreme measure of locking out its entire bargaining unit even though by its own statements it had identified and terminated the employee allegedly responsible for the property damage.”
Panalpina experienced declining air freight revenue in 2012, transporting 6 percent less tonnage than in 2011, but gains from the ocean freight and logistics side left the firm left it with a gross profit of CHF 1.46 billion ($1.54 billion), flat from last year. There was some growth on the air freight side […]
Deutsche Post DHL experienced a 5.1 percent increase in group revenues during 2012 to 55.5 billion euros ($72 billion). Nearly 70 percent of this revenue occurred outside of Europe, reflecting the poor European logistics market and DHL’s growing marketshare in Asia and other regions. Revenues rose by 3.6 percent, year over year, […]
Atlantic Trader A container barge lost 22 containers overboard 18 miles off shore from Key Biscayne, the U.S. Coast Guard said Tuesday. The mishap occurred around 1:15 p.m. on Monday as the 91-foot Atlantic Trader, operated by TransAtlantic Lines, was en route from Jacksonville, Fla., to Guantanamo Bay, Cuba. The ship, with the […]
The 2013 Great Lakes shipping season began on March 2 with the sailing of the tug/barge unit Prentiss Brown/St. Marys Conquest. The vessel, operated by Port City Marine Services, departed its winter lay-up berth in Milwaukee and sailed for Charlevoix, Mich., where it loaded 9,200 tons of cement for delivery to Chicago, according […]
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 […]
