NASA has posted an image on its Global Climate Change Website that shows global shipping routes can be seen from space because of the nitrogen oxides (NOx) emitted by ships travelling along them. “Just how much shipping contributes to overall NOx emissions remains an open question for scientists. Research suggests that shipping accounts for […]
In recent years, the International Civil Aviation Organization has formalized partnerships with safety and aviation organizations in Europe and the United States. On Tuesday, ICAO officials signed a memorandum of understanding with the Netherlands-based Civil Air Navigation Services Organization which is meant to improve air traffic management around the world. ICAO and CANSO […]
The U.S. Export-Import Bank on Tuesday voted to guarantee a loan of more than $500 million provided by Apple Bank for Savings to OJSC VEB Leasing (VEBL) of Moscow for the export of a fleet of Boeing 777 planes to Russia. Boeing delivered the first of the planes earlier this month. VEBL, […]
Canada-based Vitran has sold its supply chain operation division to New Hampshire-based logistics services provider Legacy Supply Chain for $97 million. The deal is expected to close by March 1. With the sale, Vitran is now focusing on its U.S. less-than-truckload operation. “We will continue the recovery and growth of our existing business and […]
U.S. steel exports continued to fall in December, declining another 2.9 percent compared to November after declining nearly 16 percent from October, according to government data analyzed by the American Institute for International Steel (AIIS). “Steel exports softened at the end of 2012 due to economic uncertainty in many international markets, very much mirroring […]
“It is important to emphasize that the hub is not just about the port, it involves many moving parts and will significantly enhance Jamaica’s potential for growth,” said Giorgio Valentini, World Bank’s representative to the country.
President Obama trumpeted the need for the United States to invest in transportation infrastructure, while also calling for a transatlantic trade partnership, during his annual State of the Union address in Washington Tuesday evening. Obama proposed a number of programs aimed at stimulating economic recovery through job growth and road and port infrastructure […]
Eimskip said it will add Portland, Maine as a port of call in the end of March 2013, replacing the port in Norfolk, Va. The Icelandic shipping company said “the main objective of this change is to shorten transit time between North-America and Europe and to offer biweekly port calls.” In 2011, […]
Weber Logistics has formed an alliance with Aspen Logistics to better spread the influence of the two logistics service providers in the western United States. Connie Anderson, the owner of Aspen, has been made a senior vice president at Weber. Weber has traditionally been strong on the West Coast, while Aspen operates in the […]
Air France-KLM-Martinair Cargo has released a Varation Pharma Control 15-25 C product. Targeted at temperature-sensitive pharmaceutical shipments, AF-KLM guarantees that each shipment will be kept within that temperature range during warehousing, trucking and flight. The carrier already has dedicated refrigerated warehouse space in its Paris and Amsterdam hubs. According to a company […]
The liner carrier Hyundai Merchant Marine on Tuesday launched a mobile application for shipment tracking. The application, which has separate smartphone and tablet version, allows users to conduct booking and bill of lading inquiries, cargo movement alarm notifications, and schedule inquiries, among other functions. The app is downloadable on Apple’s App Store […]
DHL Global Forwarding has launched direct less-than-containerload services from India’s Nhava Sheva to Lodz, Poland, and Santos, Brazil. The weekly services will reduce transit times and lower CO2 emissions by 17 percent to Poland and 9 percent to Brazil, according to DHL. The service will reduce the transit to Poland by 29 days and the […]
The French liner said it has finalized a major financial restructuring launched last year. It also had estimated revenue of $16 billion in 2012 and carried 10.6 million TEUs.
The truck broker had been offering expedited air charter services, carried out by East Coast, for a number of years, but as demand from its customers increased, company management decided to cut out the middle man.
China Ocean Shipping Co.’s (COSCO) Americas subsidiary announced new roles for two of its executives Monday. Timothy E. Marsh has been promoted to executive vice president of COSCO Container Lines Americas (CCLA) and will head the liner carrier’s trade division. Marsh was formerly vice president responsible for the carrier’s Americas sales division. […]
Union Pacific has appointed Kate Betsworth to vice president of intermodal operations. She will direct the railroad’s intermodal facilities and network operations. UP operates 34 intermodal facilities across its 32,000-mile network. Betsworth has more than 18 years of experience at UP and most recently served as assistant vice president and general manager […]
The container lessor Textainer continued to grow in 2012, increasing its revenues by 15.2 percent, year over year, to $487.1 million. The company also ended the year strong, with a $127.3 million finish in revenue during the fourth quarter, a 9.4-percent rise over the same period in 2011. Net income and EBITDA (earnings before […]
A bevy of regulations is due to hit the trucking industry just as the carriers are finding it more difficult to find and retain qualified drivers. Additionally, analysts predict an uptick in U.S. GDP could create a demand spike for truckload and less-than-truckload services. These dual forces have the potential to create a significant driver […]
This 60-minute session will explore how carriers manage capacity on their core trades, the impact of the new class of super-size vessels on those efforts, and tools you can use to track these developments. Key discussion topics will include: Carrier strategies for managing capacity and reporting schedules The difference between nominal and allocated capacity Measuring […]
The procurement solutions provider Procurian said Tuesday it has been selected to deliver its global, source-to-pay solution to the motorcycle maker Harley-Davidson to optimize spending in its indirect procurement activities. Procurian’s solutions allow its customers access to all the components necessary to optimize indirect spend. “We are excited to help Harley-Davidson take […]
