Developer CenterPoint Properties last week said it recently closed the $83 million acquisition of a 1.5 million-square-foot distribution center occupied by bookstore Barnes & Noble in Monroe, N.J. It was the largest amount ever paid by Chicago-based CenterPoint for a single building and brings its holdings in the New Jersey market to 2.9 million square feet. Barnes & […]
The logistics services company Port Logistics Group has entered a partnership with TAGSYS RFID, a global provider of item-level inventory management systems. The agreement will enable Port Logistics Group to offer radio frequency identification (RFID) solutions to its customers at their U.S. gateway facilities. The companies will also partner on development and deployment […]
The 20th annual Maritime Hall of Fame will be held in New York on May 8. The reception and dinner, which is attended by 400 international maritime executives, will recognize six honorees this year. They include New York City Mayor Michael R. Bloomberg; Morton S. Bouchard III, president and chief executive officer of […]
The firm predicts the average cost of IFO 380 fuel oil worldwide will be $690 per metric ton this year compared to $672 per ton in 2012. The actual price in 2012 was higher than its forecast last year, which was $650 per ton.
Southern California’s two ports saw divergent trends in cargo volumes in the first month of 2013, according to figures released Thursday. Long Beach saw total January volume climb 17.5 percent year-on-year to 536,263 TEUs, including a 19.5 percent jump in loaded import volume to 273,918 TEUs. Los Angeles, meanwhile, saw total volume […]
OIA Global has acquired the materials sourcing division of Portland, Ore.-based PACCESS. Details of the transaction were not released. However, OIA Chief Executive Officer Charlie Hornecker said recent acuqisitions, including the purchase of PACCESS’ division, have helped OIA nearly double the size of its sourcing business. He expects an employee ramp up of 10 […]
DSV has agreed to acquire Denmark-based Seatainers Group for an undisclosed amount. The transaction will close once approval is granted by competition authorities. Seatainers — which has a portfolio of warehousing and logistics solutions, and air, sea and road services — specializes in large freight moves. Project-related activities will account for 60 percent […]
CEVA has opened its first so-called Center of Logistics Excellence in Jacksonville, Fla., a development designed to increase visibility in the supply chain through use of advanced technology. Stating the center is about letting customers “see and touch” the supply chain, CEVA’s Chief Commercial Officer Inna Kuznetsova allowed that this is an innovative development for […]
The department seeks industry stakeholders to sit on a new National Freight Advisory Committee tasked with making recommendations to improve the freight transportation system.
A bipartisan group of U.S. legislators proposed bills in both the House and Senate to reform the Depression-era sugar program, including rolling back provisions in the 2008 Farm Bill that protect U.S. sugar growers. Sugar users, spearheaded primarily by the Sweetener Users Association (SUA), the Coalition for Sugar Reform and the National Confectioners […]
The commission is expected to publish the proposed rule in the Federal Register early next week. There will be a 60-day comment period.
Forming the talks from recommendations from the U.S.-EU High Level Working Group on Jobs and Growth, parties from both nations will try to hammer out a Transatlantic Trade and Investment Partnership.
UPS has formed a collaboration with Jabil Aftermarket Services to deliver a “reverse” logistics program for high-tech equipment manufacturers. The two companies present a turn-key model by combining Jabil’s planning, repair and call-center support with UPS’ transportation infrastructure. The program will provide next- and same-day transportation, order fulfillment, repair, returns processing, procurement management […]
The Independent Pilots Association has found that the federal agency overstated the costs associated with applying its new pilot-fatigue rules to cargo carriers by at least $175 million.
The boards of both airlines approved a merger yesterday after months of negotiation behind closed doors and endless speculation by the press. The merger is expected to be completed in the third quarter.
“Auto volumes picked up from the previous quarter, supported by stronger export volumes from Korea. High and heavy shipping volumes, healthy in the first half year, slipped in the third and fourth quarters,” the company’s CEO said.
These plane batteries are at the heart of an ongoing investigation by the FAA into problems with the new Boeing 787 Dreamliner. Almost a month ago, the lithium ion battery fueling one of these planes in Boston caught fire.
The industrial real estate developer Prologis said Wednesday it inked a deal to build two distribution centers for BMW of North America. Construction of the two facilities, in Redlands, Calif., and Dallas, will collectively create up to 609,000 square feet of warehouse space. The 326,500-square-foot Redlands facility also includes an expansion option […]
Canadian National Railway has decided not to build a new rail line and terminal to serve the Quebec/Labrador iron ore range after a feasibility study determined the financial risk was too great. A joint review with a half dozen mining companies determined that iron ore volumes would not be great enough to justify the […]
The logistics software developer Freightgate has released a new customer self-service center module to help non-vessel-operating common carriers (NVOs) manager their negotiated rate arrangements (NRAs). Licensed NVOs are exempt by the U.S. Federal Maritime Commission from filing and publishing tariffs under the NRA provision. NRAs are written, binding arrangements between a shipper and […]
