The Atlanta-based airline’s cargo revenue in the fourth quarter of 2012 fell $15 million, a 5.9 percent year-over-year loss on declining freight yields, and stands in stark contrast to its overall $238 million quarterly profit.
By Eric Kulisch Yusen Logistics (Americas) and Pacer Distribution Services are two of the biggest providers of transloading services in the Los Angeles area, and visits to their facilities in Carson, Calif., illustrate the range of capabilities necessary to manage the high-velocity flow of import cargo and make sure it gets deconsolidated and accurately […]
While precautions having to do with the production of animal byproducts used in feed have increased and trade become more restrictive in recent years because of concerns about “mad cow disease,” or bovine spongiform encephalopathy (BSE), it’s still a big business. The National Renderers Association (NRA) said in 2010, rendering companies produced more than […]
The railroad said the 200-acre terminal near Greencastle, Pa., built at a cost of $97 million terminal, will connect Central Pennsylvania, Western Maryland, and Northern Virginia to domestic and world markets.
The shipper group expressed concerns about competition in the European express market if the merger had been approved. Its decision was reached after consulting customers of both TNT and UPS and its large membership.
The Hong Kong-based liner carrier said Tuesday that its fourth quarter 2012 revenues rose 5.6 percent year-on-year to $1.4 billion. For the year, OOCL’s revenue rose 6.7 percent to $5.5 billion.
CSX said it will make improvements on its River Line between northern New Jersey and the Albany, N.Y. region. The railroad said the $26 million project, with plans for additional River Line capacity expansion in future years, will enable CSX to handle more trains and support the growth of crude oil moving by […]
CMA CGM said it would implement a peak season surcharge, effective Jan. 28, in advance of Chinese New Year on Feb. 10. The company said volumes from China boomed ahead of the factories shutting down. The French liner carrier said the peak and associated surcharge should last to the end of February. It added […]
The organization representing state transportation departments last week proposed substituting the federal fuel tax on motor vehicles with a sales tax on fuel to pay for highway and transit infrastructure that experts say requires massive investment for maintenance and upgrades to keep up with rising traffic levels. In a keynote address to the Transportation […]
Adoption of index-linked contracts for container freight is growing, says Martin Dixon, research manager for freight rate benchmarking at London-based Drewry Supply Chain Advisors. He believes “it is quite conceivable that by 2020 most container shipping contracts will be index-linked.” That’s a bold prediction. Last May, the U.S. Federal Maritime Commission found […]
Officials at Halifax Stanfield International Airport in Nova Scotia have announced the opening of a $28 million runway extension, which has elongated the runway by nearly 2,000 feet. Construction of the runway extension, which allows the airport to handle wider and heavier aircraft, began in September 2011. Funding for the expansion came from […]
Are low air cargo rates affecting this mixed transport mode opportunity? By Jon Ross The rise of just-in-time shipping and the fleeting taste of the fashion industry have led many high-end clothing shippers to embrace a multimodal sea-air solution for shipping garments from Asia to the United States. Shipping clothes by ocean vessel to a […]
In the third quarter of 2012, adjusted U.S. retail e-commerce activity hit $57 billion, a 3.7 percent increase from the second quarter, according to the U.S. Census Bureau.
The classification society Germanischer Lloyd said it is developing guidelines for route-specific container stowage, which will be introduced early this year. “In times when the market is especially tight, added flexibility in container stowage can help operators stay competitive and run vessels more economically. Throughout the maritime industry there is an increasing recognition […]
In late December, the European Union implemented new sanctions against Iran that increase the complexity of transactions for companies that still do business in that nation. International traders should realize that Iran is a political lightning rod because of its continued pursuit of nuclear weapons and that Western law enforcement agencies will be […]
Full disclosure: I did 99 percent of my most recent holiday shopping from the comfort of my couch. It’s hard to overestimate the extent to which I have converted to e-tailing. Having virtually the entire range of products from every store at your fingertips is a powerful thing. And a major part […]
The Seamen’s Church Institute of New York and New Jersey (SCI) has launched a new mobile app aimed at providing seafarers a way to brief themselves on U.S. environmental laws. The app, available at enviroguides.us, was developed in conjunction with the National Fish and Wildlife Foundation and Massachusetts Maritime Academy, and is accessible via […]
By Walter Kemmsies, chief economist, Moffatt & Nichol It is glaringly obvious that the United States needs to invest heavily in its transportation infrastructure; however, the policy debate over government spending in the second half of the artificial “Fiscal Cliff” crisis resolution is preempting this, creating a risk that the capital-starved freight movement industry […]
Supply chain technology vendors GT Nexus, TradeCard merge to form unique end-to-end offering. Back before the dot-com bubble burst, the global private equity firm Warburg Pincus invested in two start-up technology companies that a decade later would come to shape the way global trade is managed and financed.
Report says multinationals, worldwide supply chains benefit U.S. economy. By Eric Kulisch American companies that make, buy and sell, goods and services around the world tend to invest more, create additional jobs and experience increasingly rapid growth at home as opposed to firms that are purely domestic, according to a new report commissioned by the […]
