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 […]
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.
