The world’s second largest container carrier has decided to purchase a stake in the leasehold for the marine terminal operations at Pier T, the largest container terminal in the SoCal port.
The Port of Long Beach’s $4.5 billion capital improvement program to expand and modernize its facilities is helping the port fend off competition from other North American ports and create up to 50,000 permanent jobs in Southern California, Executive Director Christopher Lytle said in his annual State-of-the-Port address Thursday. Long Beach, the second […]
Air cargo demand took a back seat to passenger growth in 2012, according to numbers recently released by the International Air Transport Association. Last year, passenger demand grew by 5.3 percent when compared to 2011’s activity, while cargo declined by 1.5 percent, year over year. The 20-year average for passenger growth is 5 […]
Workers in the transportation and warehousing industry lost 14,000 jobs in January, according to the latest jobs report by the U.S. Department of Labor’s statistics bureau. Outpacing those losses, employees of courier and messenger companies decreased by 19,000 jobs, a significant decline following strong numbers during the holiday season. Air transportation workers […]
Egyptian ports have been affected this week by violent protests aimed at the government. A note from the port operator DP World said the Port of Sokhna, on the Red Sea, has been shuttered due to the protests. “We expect that there may be some disruption to operations activities, which are outside […]
“I think there is still a lot of skepticism and concern out there, rightfully so,” said Curtis Foltz, executive director of the Georgia Ports Authority, during an interview with American Shipper. “But every day they are at the table, I’m more optimistic.”
Roller coaster negotiations between the International Longshoremen’s Association (ILA) and U.S. Maritime Alliance (USMX) are continuing today, with some sources saying Friday afternoon that the chances of a settlement look much better than they did less than 24 hours ago. Talks continued to 10:30 p.m., Thursday, and resumed late Friday morning. Meetings were expected […]
The non-vessel-operating common carrier CaroTrans has deployed a cloud-based spot rate module from logistics solutions provider Freightgate, the technology company said Thursday. CaroTrans will use Freightgate’s new SpotQuote Solution to improve its spot quoting capabilities and respond to customer freight requirements. SpotQuote is part of Freightgate’s logistics cloud platform, which it dubs […]
The liner carrier COSCO Container Lines said Friday it plans to hike rates on the westbound Asia-Europe trade in mid-March. The increase, $775 per TEU, is applicable to all Asia origins (including Japan and the Indian Subcontinent) to all European destinations (including Israel, Lebanon, Syria, North Africa, and the Black Sea Region). […]
DHL Global Forwarding announced it will use barges to transport less-than-containerload shipments from the port of Bremen, Germany, to companies in Northern Germany, reducing its carbon emissions footprint by 62 percent. Customers have had the option of switching from road to rail transport from Bremen since 2011, and this new decision adds another option to the mix. Last […]
DB Schenker Rail has been appointed to operate the Telford International Railfreight Park. The company was appointed through formal EU procurement after the Telford & Wrekin Council consulted with rail industry experts on how to boost business through the facility. “Terminals are crucial for the development of rail freight services, and the […]
CEVA Logistics has launched and enhanced e-fulfillment solution, creating a new product based on a service the company had offered privately for the last few years. The new service increases visibility for each customer on a country-specific, regional and global level, streamlining the fulfillment process and providing a standardized solution. The e-fulifillment solution […]
James Capo, USMX’s CEO, said the two sides are “still bargaining,” but he could offer no further comment. In an update to members on its Facebook page, the ILA said yesterday it was “Ready to negotiate ’round the clock.’”
ABX Logistics Worldwide, now part of DSV, has settled in a class action lawsuit alleging anti-competitive practices for $3.5 million. According to Financial Recovery Services, the class action lawsuit involves 63 freight forwarders who allegedly conspired to fix, maintain or raise prices of forwarding services. The firm states shippers who purchased services directly […]
Nothing is official and no documents — aside from a non-disclosure agreement — have likely been signed, but there have been reports of steady movement between the two parties toward the end goal of collaboration.
The express carrier posted a $1.75 billion loss in the fourth quarter versus a $759 billion profit in the last three months of 2011, after taking a $3 billion after-tax charge.
The firm is the only union less-than-truckload carrier that is still paying National Master Freight Agreement rates, a burdensome cost structure that could amount in the firm making network and personnel changes.
TransForce, which provides truck drivers on a contract and temporary basis, has acquired Superior Driver Source and Superior Driver Source of the Carolinas for an undisclosed amount. The senior management of Superior, which provides truck drivers for companies based in the southeast, will join the leadership team at TransForce. “The combination of […]
Classification society ABS has formed an operational and environmental performance department. “The shipping industry continues to deal with a weak and challenging market. Vessels and assets have to be designed and operated to achieve optimal performance throughout their entire life cycle,” said ABS President and Chief Executive Officer Christopher J. Wiernicki, in a statement. […]
Frank Peake, the former president of Sea Star Line, was found guilty this week after a two-week jury trial held in the U.S. District Court for the District of Puerto Rico of participating in a conspiracy to fix rates and surcharges for transportation of freight between the continental United States and Puerto Rico, the […]
