American Shipper

   To make air cargo more secure, stakeholders need to achieve closer cooperation and current governmental regulations must be harmonized to prevent redundancies, according to the International Air Transport Association’s Chief Executive Officer Tony Tyler.    In a speech during the organization’s Secure Freight Forum in Geneva, Tyler, who was pushing the organization’s Secure Freight program, also […]

   Higher cargo volumes to Guam helped Matson report higher profits in the fourth quarter and for all of 2012.    Horizon Lines, Matson’s main competitor in the U.S. mainland-to-Hawaii trade lane stopped serving Guam in late 2011 when it discontinued its U.S. West Coast-Guam-China service.    Matson said it carried 25,500 containers between the U.S. […]

   International Shipholding Group said it had a profit of $11.5 million in the fourth quarter ending Dec. 31, compared to $1.8 million in the same 2011 period.     Operating income for the quarter was $10.1 million versus $5.4 million a year earlier. Revenue was $56.8 million in the fourth quarter compared to $61.8 million. […]

   The U.S. Justice Department said Ashu Bhandari, former president and chief executive officer of U.S. Virgin Islands-based GEM Manufacturing, was sentenced Thursday in federal court in St. Thomas for felony customs violations for his role in a scheme to illegally import protected black coral into the United States.    Bhandari is the last defendant […]

   The less-than-truckload (LTL) carrier YRC Worldwide on Friday said it turned an operating profit in 2012, the first time in six years the company has done so.    YRC had operating profits of $24.1 million in 2012, a $162.4 million improvement from 2011. Revenue, at $4.9 billion, was 0.4 percent lower than in 2011. […]

   The less-than-truckload (LTL) carrier Old Dominion Freight Line saw operating profits rise 21.9 percent year-on-year in 2012 to $285.2 million.    The carrier’s net profit rose 21.5 percent to $169.5 million on revenue that rose 12.1 percent to $2.1 billion.    The robust annual figures came despite lower growth in the fourth quarter, with […]

   Atlas Air Worldwide has signed a multi-year contract with Chapman Freeborn Airchartering to provide Boeing 747-400 freighter service under an ACMI (an aircraft, complete crew, maintenance, and insurance) arrangement starting in April.    Although Chapman Freeborn has a number of 747-series freighters under contract, this is its first 747-400.    Chapman Freeborn has been a […]

Members of the International Longshore and Warehouse Union’s Local 63 Office Clerical Unit rejected some of the proposed contracts that were reached with employers last December during ratification voting on Wednesday night.

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 […]