In December 2011, the Port of Stockton hired Salt Lake City-based Savage Cos. to operate the barge service. Officials planned to begin scheduled service during the first quarter of 2012.
According to ACT Research, January truck orders reached 22,600 units, making last month the fourth consecutive month where net tractor orders in the United States topped 20,000. January’s number showed growth when compared to December, but fell 25.4 percent, year over year. Trailer orders have grown faster than truck orders since September. Even […]
“While carriers deserve some plaudits for their improving reliability, a worrying trend for cancelled or blank voyages is emerging as carriers attempt to redress weak supply and demand fundamentals,” said Simon Heaney of Drewry.
Liner carrier MOL said Thursday it will offer a new China–Middle East Express (CMX) service by joining an existing service operated by APL. The service will operate with six vessels and MOL will provide one post-Panamax ship, the MOL Tyne. MOL said joining the service will allow it to “enrich service coverage as […]
“K” Line (India), the Japanese carrier’s subsidiary in India, this week started providing transportation of motorcycles via a triple-deck motorcycle carrier. The carrier provided service from the distribution center of a motorcycle manufacturer in the Delhi area to its domestic depot. The company began trial operations of the triple decker in November. “K” […]
Horizon Lines said Wednesday that it has entered into an agreement to purchase the three ships it operates in its service between Tacoma, Wash., and three ports in Alaska—Anchorage, Kodiak, and Dutch Harbor. Horizon said a newly formed subsidiary, Horizon Lines Alaska Vessels, LLC, acquired the three 1987-built ships—the Hawaii Anchorage, Horizon Kodiak and […]
The freight transportation and logistics company Con-way on Thursday said it had operating profit of $228.8 million in 2012, a 10.1 percent increase from 2011. Net income for the company, which operates in the less-than-truckload, truckload, and logistics segments, improved 18.2 percent to $104.5 million. The annual results came despite a drop […]
Intermodal container volumes ended 2012 at a record high with 13.1 million moves, surpassing the previous year by 5.9 percent, according to the latest Intermodal Market Trends & Statistics report from Intermodal Association of North America (IANA). Total intermodal shipments closed 2012 with a 4 percent gain. For the full year, domestic […]
The parent company of Tropical Shipping said it expects the Caribbean carrier to have higher earnings before interest and taxes (EBIT) in 2013 than last year. AGL Resources, a natural gas utility that acquired Tropical as a result of its purchase in December 2011 of Nicor, an Illinois-based gas utility, said it expected Tropical […]
Merger and acquisition (M&A) activity in the transportation and logistics industry was higher in the fourth quarter of 2012 than in any quarter in the past three years, according to the PricewaterhouseCoopers (PwC) quarterly Intersections report. The accounting and consulting firm said there were a significant greater number of deals in 2012 than in […]
While Atlanta Hartsfield-Jackson International Airport remained the busiest passenger airport in 2012, cargo volumes decreased by 2.52 percent, year over year. Airport officials blamed the decline on a decrease in consumer spending and reduced manufacturing. In the last month of the year, domestic freight and express mail fell by 5.04 percent, year […]
DB Schenker is planning to construct a 41 million euros ($55 million), 54,520-square-foot logistics center in Singapore. The warehouse — which will be geared toward the healthcare, electronics and automotive industries — will be located close to Changi International Airport in the Tampines LogisPark. The facility is being built to environmentally friendly […]
The board said NACPC’s 10 current members account for a very small percentage of the estimated 7,000 motor carriers that provide intermodal transportation of marine chassis in the country.
ROAR Logistics has opened its first office on the West Coast, a development that will help extend its reach into Mexico. The move also puts ROAR closer to heavy port activity. Logistics veteran Marc Sandoval will run the Temecula, Calif., office. The company also has offices in Atlanta; Peoria, Ill.; and Buffalo, […]
The program is set to expire at the end of July and American companies would face $2 million per day in new taxes if Congress fails to renew GSP by Aug. 1, according to the Coalition for GSP.
The U.S. Justice Department on Wednesday said five individuals and five corporations have been charged in an indictment unsealed in Brooklyn, N.Y., for allegedly importing hazardous and counterfeit toys from China for sale in the United States. The 24-count indictment charges Chenglan Hu, 51; Hua Fei Zhang, 52; and Xiu Lan Zhang, 60, […]
The United States on Wednesday requested World Trade Organization dispute settlement consultations with India concerning domestic content requirements in India’s national solar program. “India’s program appears to discriminate against U.S. solar equipment by requiring solar energy producers to use Indian-manufactured solar cells and modules and by offering subsidies to those developers for using […]
Starting Aug. 5, the U.S. Postal Service will discontinue Saturday mail delivery in favor of a Monday-through-Friday schedule at an estimated annual savings of $2 billion.
The U.S. Federal Motor Carrier Safety Administration should create a mechanism to gather and record driving-related employment history information about all licensed commercial truck drivers, and make the information available to all prospective motor carrier employers, the National Transportation Safety Board recommended last week after investigating a highway-rail grade crossing accident in Nevada. […]
Rafi Ben Ari, the carrier’s vice president of shipping, said the “revised network presents an improved alignment, better suited to our customers’ requirements, with improved coverage, reliability and availability.”
