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 […]
The transportation and logistics firm Pacer International said it had a profit of $2.2 million in the fourth quarter ending Dec. 31, compared to $1.1 million in the same 2011 period. Revenue in the fourth quarter was $351.9 million, down from $358 million a year earlier. Intermodal revenues in the quarter were $296.9 […]
The Port of Philadelphia said it handled 4,418,674 metric tons of cargo last year, 10.4 percent more than in 2011. “While the national and world economy still challenges our efforts in many ways, our most recent annual cargo statistics again demonstrate that the Port of Philadelphia is on the right track,” said James […]
The agency recently announced that mutual recognition between C-TPAT and the European Union’s AEO program was fully implemented Jan. 31. Also, later this month, CBP will be able to publish seizure and forfeiture notices on the Internet…
SDV has opened a new South American office in Colombia, adding the location to its current holdings in Argentina, Brazil, Chile and Uruguay. Officials cited Colombia’s GDP growth and economic reforms as reasons to expand into the country. Oil and gas, as well as mining, are big industries in Colombia; those are two […]
The power and automation technology company ABB has acquired San Diego-based APS Technology Group (APS), which develops and markets vision-based solutions for the port industry.
Maersk Line will stop routing ships from East Asia to the U.S. East Coast ports of Savannah, Charleston and Miami through the Panama Canal in April, instead sending them through the Suez Canal. The company’s current Asia-East Coast TP7 string, which today uses the Panama Canal, will be combined with a Suez-routed Asia-Europe […]
Australia is set to gain 42,000 jobs from the transport industry over the next five years, bringing the total transportation workforce to more than 622,000 workers. But according to a report by the government’s Department of Education, Employment and Workplace Relations, most of these gains will be experienced in just two arenas. […]
Wilhelmsen Technical Solutions (WTS) has set up a new office in Houston in response to increased client demand for its newbuilding and aftermarket products and services. WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deep-water offshore production is entering […]
“The United States calls on Russia to restore market access for U.S. meat and meat products immediately and to abide by its obligations as a member of the World Trade Organization,” U.S. trade officials responded.
The U.S. Export-Import Bank and ICICI Bank of India entered a memorandum of understanding pledging cooperation on financing projects beneficial to both India and the United States. Up to $500 million in new transactions could be financed as a result of the initiative. ICICI Bank is India’s largest private sector bank and […]
Preparations for Valentine’s Day, the annual onslaught of flower shipments from around the world, have begun. Saudi Cargo has added four extra freighter flights between Nairobi and Amsterdam this month to meet an increased demand for flower exports. The new flights — a mix of MD11 and B 747-F aircraft — will bring […]
Two Illinois men have allegedly defrauded UPS of more than $1.2 million in the past two years. According to the U.S. Justice Department, Mark Gleason, a UPS employee, and Dayton Sloan of D&S Construction have been charged with wire fraud and money laundering. The Justice Department said Gleason allegedly signed a general maintenance contract with […]
The service allows booked vessels to arrive much closer to their scheduled transit times, instead of arriving earlier and having to remain for several hours at anchor before actually beginning their transits.
