The Chilean liner carrier said Monday it made an operating profit of $8.4 million in the fourth quarter of 2012, a huge improvement on the $158.1 million the line lost in the same quarter in 2011.
Delta Air Lines flew 178,698 cargo ton miles in February, a year-over-year decrease of 3.5 percent. So far in 2013, the carrier has seen 353,822 tons of air freight activity, putting its two-month total 1.5-percent behind its results over the same period in 2012. Even with these numbers, Delta Cargo officials are […]
Norbert Dentressangle has opened a new office in Hanoi, Vietnam, to focus on traffic between Vietnam and China. HSBC said trade between the two nations is expected to rise by 18 percent in the next two years, and Vietnam has set a 2013 Chinese export goal of $126 billion. Norbert Dentressangle’s Guillaume Col […]
IATA reported North American airlines experienced a 0.6-percent uptick in demand on a 1 percent capacity decline. A demand growth in Europe of 1.2 percent was wiped out by a 2.4-percent increase in capacity.
The Federal Statistical Office of Germany reported today that air freight out of that country was down across the board last year when compared to 2011. Shipments within Germany came to 4.3 million tons, a decline of 2.2 percent, year over year. Loaded goods declined by 1.7 percent and unloaded goods fell by 2.8 percent, year […]
Ryder Systems has enhanced its Dedicated Contract Carriage product and renamed it Ryder Dedicated. Dedicated trucking essentially serves as a shipper’s private fleet with the motor carrier or logistics supplier providing trucks, drivers, maintenance, dispatch, and administrative services along with guaranteed access to capacity compared to regular transportation contracts. Ryder said it is […]
The liner carrier COSCO Container Lines said Monday it plans to hike bunker rates on the transpacific trade from April 1. The line’s bunker adjustment factor will move to: $429 per 20-foot container, $536 per 40-foot container, $603 per 40-foot high-cube or high-cube refrigerated container, and $679 per 45-foot container for all cargo […]
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 […]
