The terminal operator COSCO Pacific (China) has agreed to acquire a stake in the Taicang International Container Terminal (TICT) from its parent company China Ocean Shipping Co. (COSCO). The deal will see COSCO transfer a 39.04 percent share to its terminal operating subsidiary. According to TICT’s Website, COSCO maintains a 45.9 percent share […]
The Panama Canal Authority will move ahead with plans to build a large terminal in Corozal, close to the new set of Pacific locks being built as part of the canal expansion. Rodolfo Sabonge, executive vice president of planning and business development at the Panama Canal Authority (ACP), said the new terminal would be […]
After a successful 2012, officials at information technology provider CHAMP CargoSystems expect to roll out several new features and products throughout the year. Details on the new programs have not yet been released. “Probably most significant will be products directly addressing the forwarder market, further bringing together our global community of users via connected […]
Barring any macroeconomic collapses — the debt-ceiling negotiations have the potential to wreck even the most conservative predictions — volumes and yields will continue to increase toward the end of the year.
Archive copy now available for download. American Shipper research shows global shippers are being challenged to integrate domestic and international logistics operations. For many shippers, particularly those leveraging multiple modes, this initiative requires major changes to business processes, organizational structure, and IT systems. It is clear there are many hurdles in integrating these classically disparate […]
Liberty Maritime Corp. on Wednesday filed a lawsuit in the U.S. District Court for the Eastern District District of New York accusing the Maritime Administration and U.S. Department of Transportation with improperly administering the Maritime Security Program (MSP), one of the chief programs to support the U.S. Merchant Marine. “MarAd has failed in its responsibility […]
Calendar-year revenues increased 10 percent to more than C$9.9 billion, with all business units registering gains, led by petroleum and chemicals at 15 percent to C$1.6 billion. Intermodal revenue grew 11 percent to C$2billion.
“As paychecks shrink for all households due to higher taxes, I’m expecting a weak first quarter (2013) for tonnage and the broader economy,” the ATA’s chief economist, Bob Costello, warned in a statement.
Seaspan has signed contracts for the construction of four 10,000-TEU class vessels that will be chartered to the Japanese liner carrier. The ships, to be built in China, are scheduled for delivery in 2014.
The liner carrier Hapag-Lloyd said this week it plans to raise rates on refrigerated containers out of Mexico next month. The increases, which take effect Feb. 23, impact the trades from Mexico to North America, Central America, the east and west coasts of South America, Caribbean, Far East, the Middle East, and India. The […]
A new independent shipping line has been established to serve the Pacific island markets. The new carrier, Greater Pacific Shipping (GPS), is a partnership between three regional carriers – Pacific Direct Line (PDL), Sofrana Unilines (Sofrana) and Swire Shipping, the liner shipping division of The China Navigation Company (CNCo). PDL is a subsidiary […]
Lufthansa Cargo’s time:matters company has expanded its network to Shanghai and Hong Kong, offering faster transport times and speedier customs clearance. With the expansion, the company hopes to tap into far-flung destinations in China. Using partner airlines instead of flying to key Chinese hubs and then transporting goods by truck, time:matters can […]
BX Solutions, a Toledo, Ohio-based multimodal company borne from the debris of BAX Global, has added a time-definite, airport-to-airport trucking service to its 31 markets. Expansion of the service will be rolled out in the coming months. So far, the service routes from its hubs in Toledo, Atlanta and Chicago. “BX Solutions has […]
The liner carrier MOL on Wednesday released the latest monthly performance metrics for its North America service, as well as its latest quarterly intermodal performance metrics. Of 13 service dimensions that MOL tracks and releases information about monthly, eight worsened from November to December, while four stayed the same, and one (customer scorecard compliance) […]
The U.S. government has renewed its contract with global defense and aerospace contractor AAR, giving the company a $9 million, six-month contract for airlift support in Western and Central Africa. AAR will transport supplies and personnel in support of the U.S. Army Space and Missile Defense Command and the U.S. Defense Department’s Counter […]
The Postal Service has been losing out on these contracts to FedEx and UPS. The GSA has had shipping contracts with USPS since May 2009, while FedEx and UPS have been on board since 2001.
The Lake Carriers’ Association said it will continue to focus its lobbying efforts on Great Lakes dredging needs in 2013. LCA’s 2012 Annual Report, released Wednesday, said inadequate dredging took a big toll on Great Lakes shipping in 2012. “The drought has pushed water levels on Lake Michigan and Huron to record lows,” […]
Cargo security firm Freightwatch International said a suspect hijacked a last-mile courier load of pharmaceutical products at gunpoint outside of a pharmacy in Detroit on Monday morning. The load was being monitored by a FreightWatch covert GPS tracking device as well as an on-person panic device that was with the driver. During the hijacking, […]
Canadian National Railway is investing in two intermodal facilities in the Midwest to help shippers access the West Coast ports of Vancouver and Prince Rupert. The facilities are scheduled to open in June.
“It is not feasible to divert East Coast vessels to the U.S. West Coast, so this is not part of our contingency planning,” the liner said. “Depending on the scope of the strike, however, some vessel schedules could be modified.”
