Crowley Maritime Corp. christened its newest tanker, Florida, on Wednesday at the Aker Philadelphia Shipyard. The 46,000-deadweight-ton ship and a sister ship, Pennsylvania, that was delivered by Aker last fall, can carry 330,000 barrels of petroleum products and chemicals. In addition to the self-propelled tankers, Crowley owns and operates 17 articulated tank […]
United Fresh, a large trade group representing shippers of fresh fruits and vegetables, will host a series of stakeholder meetings in conjunction with the U.S. Food and Drug Administration’s public hearings on the proposed Produce Safety Rule and the Preventive Controls for Human Foods Rule. The first meeting will be on Feb. 27 […]
Stephen Berry, attorney for the Los Angeles/Long Beach Harbor Employers Association, said a vote on 16 contracts for 14 employers and members of the ILWU’s Local 63 Office Clerical Unit (OCU) is scheduled for next Wednesday.
During the secretary’s tenure, DOT distributed $48 billion dollars from the 2009 stimulus plan for road infrastructure improvements, created the TIGER grant program, and helped craft a two-year surface transportation bill last year.
The commission said the number of small-package players in 15 EU member states would have been reduced from three to two, with DHL being the only non-UPS option in some areas.
“Where there is federal jurisdiction, we need the federal government to step up to the plate and be a stronger partner for our nation’s transportation infrastructure,” Kurt J. Nagle, the port group’s chief, told American Shipper.
Hanjin Shipping said it had a net loss of 638 billion South Korean won in 2012 ($587 million), compared to 823.9 billion won in 2011. The company’s operating loss was 109.8 billion won compared to an operating loss of 512.9 billion won in 2011. South Korea’s largest container shipping company said annual sales […]
The Pacific Northwest port of Tacoma handled 1.7 million TEUs in 2012, a 16 percent increase over the previous year and its best year since 2008. Inbound containerloads improved more than 27 percent for the year to 611,085 TEUs, bolstered by strong demand for auto parts, furniture, toys and sporting goods. Agricultural products […]
Norbert Dentressangle bucked a lackluster economic environment in 2012 to finish the year with 3.8 billion euros ($5.1 billion) in revenues, an 8.5-percent rise over 2011’s total, propelled by strong finishes in its transport activities and logistics activities. Freight forwarding showed the largest improvement, growing last year from an 86-million-euro business in 2011 to 143 […]
FedEx Trade Networks has opened its first office in Bangkok, bringing its number of offices in the Asia-Pacific region to 17. The move is part of FedEx’s global growth strategy. According to a FedEx press release, the 2011 Thailand freight forwarding market was worth just more than $2 billion; that value will increase […]
Revenue Technology Services has successfully launched CargoPriceOpt, a system for the cargo industry that recommends pricing based on costs, pricing elasticity, customer value and competition. The tool was originally released in September, and Virgin Atlantic Cargo served as the first customer in October. The airline used the tool to identify its best customers, price […]
The U.S. economy shrank 0.1 percent in the fourth quarter of 2012 after 3.1 percent growth the previous quarter, the Commerce Department reported Wednesday. It said the decline was mostly caused by lower inventory and military spending. The estimate could change after the government issues revised estimates based on more complete economic data […]
The ILA and its employers resumed contract negotiations on Tuesday, but sources say efforts to reform work rules and improve productivity in the Port of New York and New Jersey are likely to overhang national talks.
The European Commission has adopted a fourth railway package aimed at improving infrastructure across the continent. The proposal includes measures to open up the constricted railroad market, promote better quality and efficiency among operators, and link the continent together through rail. European Parliament and the separate governments of each member state must […]
An affiliate of warehousing company Allied Logistics has banded together with the Industrial Real Estate Group and Gilco International to acquire a 228-building site in Ohio formerly occupied by a cabinet manufacturer. The development, which spans 2.5 million square feet, has access to both CSX and Norfolk Southern railroads. Allied Logistics will […]
According to recently released numbers from Drewry, air freight rates out of Asia to Europe and the United States fell in December. This decrease in the cost of shipping air cargo followed a spike in November due to new product releases. Experts say air freight pricing out of Asia will fall some more, but […]
Bill Graves, president of the American Trucking Associations, has requested a delay in the compliance date for the nationwide hours of service regulations due to pending litigation. In a letter to Anne Ferro of the Federal Motor Carrier Safety Administration, Graves wrote that while the ATA’s challenge to the new rules is pending […]
The largest expenditure, $831 million, will go to maintenance and replacement of tracks, crossties, ballast and bridges to ensure reliable and safe operations. Another $420 million will be used to buy new locomotives and other equipment.
“It turned out that football clubs weren’t like normal businesses. In normal business, if you rack up unpayable debts, you close down. However, football clubs rack up unpayable debts and live. No English club has folded for good since tiny Wigan Borough during the Great Depression in 1931. All the rest survived the Depression, […]
The U.S. transportation secretary has been coy about his intentions in recent months, but department watchers expected him to leave after one term. A few months ago he said he hadn’t decided on whether or not to stay.
