As part of its Operation Freedom program, Werner Enterprises has pledged to hire at least 1,000 veterans in 2013 and more than 5,000 veterans in the next five years. According to the trucking company, veterans already account for 20 percent of its driver force. To bring attention to the program, Werner has […]
The Port of Hamburg noted Monday that its volume to and from Russia has grown in the wake of Russia’s accession last year to the World Trade Organization. Russia is the German port’s second-largest trading partner, with 675,000 TEUs of volume handled between Hamburg and Russian ports in 2012, a 13.3 percent increase. […]
“Canada’s economy and future prosperity is our government’s top priority. That prosperity depends on increasing our exports in fast-growing and dynamic markets around the world,” said Ed Fast, the country’s Asia-Pacific trade minister.
Members of European Parliament want to move forward aggressively with a trade deal between Europe and the United States, but see hard bargaining and tough choices ahead. While parliament members on the International Trade Committee said they were happy to be starting a dialogue, many of them pointed out significant differences in viewpoint […]
January’s bump in the air cargo market came simply because of the ramp up to the Chinese New Year, and those in the air cargo industry should expect a much more muted 2013, participants learned during the 28th annual BB&T transportation services conference in Coral Gables, Fla. The conference, held from February 12-14, […]
The Singapore-based carrier said it had a net loss of $98 million in the fourth quarter of 2012, compared to a loss of $320 million in the fourth quarter of 2011. Revenue in the quarter was $2.5 billion in 2012.
Assisted by improved results from its container shipping subsidiary Maersk Line, the A.P. Moller-Maersk Group reported improved profit in the fourth quarter and for the whole year 2012 when compared to 2011. Reporting results in U.S. dollars, the Danish conglomerate said it had a profit of $965 million in the fourth quarter, compared to $273 million […]
The Los Angeles Harbor Commission this week voted to start the California environmental impact process on a proposed berth-improvement project by Yusen Terminals, Inc. (YTI) at the Port of Los Angeles. YTI, a subsidiary of the NYK Group, plans to deepen and improve its terminal facilities to accommodate next-generation vessels and increase cargo […]
The Port of Charleston handled 121,286 TEUs in January, 7.7 percent more than the same month in 2012. It was another good month for the port, which handled 892,387 TEUs in the first seven months of its current fiscal year, 11 percent more than the same period a year earlier. South Carolina Ports Authority […]
Although January air freight activity rose in anticipation of the Chinese New Year, analysts at Stifel Nicolaus warned against seeing too much into these robust numbers. January’s growth may simply be an anomaly.
APM Terminals said it has entered a final agreement with Petkim to create and operate for 28 years the Aegean Gateway Terminal (AGT), close to Izmir. APMT said the new facility will be one of Turkey’s largest container and general cargo terminals. It will be entirely operated by APMT under a concession agreement […]
Patrick Burgoyne has served as president and CEO of Yusen Terminals Inc. since 2010, a role he will retain concurrently moving forward. He will be based at the Ceres’ headquarters in East Brunswick, N.J.
APL Logistics President Jim McAdam will leave the company later this year to pursue outside opportunities, the company said in a statement Friday. APL Logistics, a subsidiary of Singapore-based NOL and sister company to liner carrier APL, said a successor has not been named and McAdam will remain until one is found. […]
CMA CGM announces rate hikes
French ocean carrier CMA CGM has announced the following general rate increases: On March 15, the rate on dry and refrigerated cargoes from India and Pakistan to the U.S. East Coast will increase by $320 per 20-foot container, $400 per 40-foot container, and $450 per 40-foot high-cube containers. On April 1, the […]
International Shipholding Corp. said Thursday it had closed on the sale of $25 million of cumulative redeemable perpetual preferred stock at $100 per share. Dividends will be payable on the Series A preferred shares at an initial rate of 9.5 percent per annum of the stated liquidation preference when, as and if declared […]
Swissport International achieved revenue of CHF 1.9 billion ($2 billion) last year, a 10-percent year-over-year increase. While tonnage decreased by 6 percent when compared to 2011, turnaround frequencies were up by 7 percent. Officials pointed to larger contracts at Paris Charles de Gaulle, London-Gatwick and other European airports as the main drivers of […]
By Jon Ross Traffic congestion is a major cost for truckers in the current economy. In its recently released 2012 Urban Mobility Report, researchers at the Texas A&M Transportation Institute (TTI) found traffic congestion cost truck drivers $27 billion in 2011. The researchers also found that some of this cost was recouped by […]
Late Wednesday the OCU bargaining units voted and agreed to ratify the terms of tentative agreements reached with the Harbor Employers Association member companies on Dec. 4, 2012.
When exploring alternatives to gasoline and diesel, carriers have to consider the benefits of fuel economy versus the cost of onboard energy storage and fuel density, the U.S. Energy Information Administration said.
