CMA CGM said in anticipation of reduced production during the Lunar New Year period in China, starting Feb. 10, it plans to cancel six sailings in the Far East-to-North Europe trade. Cancel one sailing on FAL 1, week 7. Cancel one sailing on FAL 10, week 7. Cancel one sailing on FAL 3, week 7. Cancel two sailings on FAL […]
Genesee & Wyoming only experienced a few days of controlling RailAmerica’s rails in 2012 due to approval of the merger by the U.S. Surface Transportation Board that didn’t come down the pike until Dec. 28, and it is the hope that the acquisition will offer improved volume numbers for January. Without RailAmerica, GWR […]
The container terminal operator Modern Terminals has signed an agreement with the business process outsourcing company WNS, the companies announced this week. The deal will see the Modern, which operates a network of container terminals in Hong Kong, South China and Taicang (near Shanghai), work with WNS to provide shippers, forwarders, third party […]
Shipments of iron ore on the Great Lakes totaled 61.6 million tons in 2012, a slight improvement over 2011. The Lake Carriers’ Association (LCA) said the increase, 245,000 tons, is equal to about four cargos in a 1,000-foot-long vessel operating at current drafts which are significantly reduced by the dredging crisis and falling […]
Francisco Sanchez, undersecretary of international trade at the U.S. Commerce Department, said exports were up 34 percent from $1.5 trillion to $2.1 trillion in 2011.
London-based Notbox Co. has brought its eco-friendly cardboard box alternative to the United States and Canada, hoping to gain some market share in the $424 billion global packaging industry, of which North America accounts for more than 25 percent. Recyclable Notboxes are said to use lower costs — the company claims that removing cardboard […]
Philip H. Greene Jr. will become president of TOTE Services, when Jorge Aguirre, a 33-veteran at the company, retires at the end of this month. Aguirre spent 16 years at sea, coming ashore with TOTE Services in June 1980 as a port captain at the Philadelphia headquarters of the company, then known as Interocean Management […]
Shippers are watching the talks nervously after ILA negotiators walked out of a negotiating session to discuss work practices in the Port of New York and New Jersey with the New York Shipping Association on Jan. 9.
The nation’s top court will review the constitutionality of an environmental regulation imposed by the Port of Los Angeles after a challenge brought by the American Trucking Associations was struck down in a district court in 2010.
In the next seven years, infrastructure in the United States will require investment totaling $2.75 trillion, and with planned expenditures of only $1.66 trillion, the country needs to increase its support to ensure no transportation shortfalls, according to the American Society of Civil Engineers. While instituting sustainable practices will help, the bulk of the problem […]
Ainsworth Pet Nutrition has selected third party logistics services and software provider Transplace to handle transportation management for all its outbound shipments, Transplace said Tuesday. The deal will see Transplace implement its transportation management system (TMS) to enhance process automation and achieve greater visibility to reduce transportation costs and improve operational efficiency for Ainsworth, which […]
The Panama Canal Authority has advertised that the massive project underway to expand the man-made shortcut between the Atlantic and Pacific oceans will enable transits by 12,500-TEU vessels, but a top official now says the facility’s operating capacity could bump up to accommodate even larger ships. Rodolfo Sabonge, executive vice president for planning and […]
The Office of the U.S. Trade Representative on Tuesday signaled its intent to begin negotiating an international services agreement (ISA) with 20 other nations. In a letter to Congress, U.S. Trade Representative Ron Kirk said the negotiations would be aimed at promoting international trade in services and supporting increased U.S. service exports and jobs. The […]
The cloud-based logistics software provider Trade Tech said Tuesday it has been authorized by Nippon Automated Cargo and Port Consolidated System (NACCS) for filing according to Japan’s Advance Filing Rules due to go into effect March 2014. NACCS is the Japanese government entity responsible for import/export and customs clearance services. Since Japan’s Advance […]
“I’ve been here for 34 years and it is time,” Joseph Dorto said. “You always hear, ‘leave on a high note’ and we just completed the second best year in our history, so I think this is the right time.”
TNT Express has been plagued by managerial and operational issues, and with the latest blow coming in the form of a dead merger with UPS, the company will continue to lose market share, analysts say.
Saying it has made significant progress in its quest to emerge as an industry leader, American Airlines reported that it generated $24.9 billion in consolidated revenue last year, the highest in company history. Net profits in the fourth quarter of 2012 were an estimated $142 million less than expected due to the impact […]
Non-vessel-operating common carrier CaroTrans has started a direct, weekly less-than-containerload export service from San Francisco to Japan. The service offers overall transits from San Francisco to Tokyo of 12 days; Yokohama, 13 days; and Osaka, Nagoya and Kobe, 17 days. There is no transshipment via Busan, South Korea, or additional handling via Los […]
Seaspan Corp. said Wednesday it signed contracts for the construction of five 14,000-TEU class containerships at Hyundai Heavy Industries. The vessels are scheduled for delivery in 2015 and will be constructed using Seaspan’s fuel efficient SAVER design. Concurrently with executing the newbuilding contracts, Seaspan signed 10-year, fixed-rate time charters for the vessels […]
A day after news broke that the UPS and TNT Express merger was dead in the water, DHL announced it had secured a contract with Panasonic for warehousing and logistics services worth $159.9 million. DHL will take over Panasonic’s U.K. supply chain, managing a shared warehouse, working to enhance the shipper’s domestic transport […]
