The Commerce Department on Wednesday determined that large residential washers from South Korea and Mexico are dumped on the U.S. market. Dumping occurs when a foreign company sells a product in the United States at less than its fair value. Commerce determined that producers/exporters from South Korea and Mexico have sold large […]
“I think it would be a great move, a great message for shippers and all the vendors,” said Rudy Mack, whose tenure as president of Hapag-Lloyd America from 1999 to 2007 capped 35 years with the company.
The potential for savings arising from a consolidation between two globe-spanning companies with a common language and culture, both already headquartered in same city, Hamburg, must be substantial. Hapag-Lloyd is currently 50 percent larger than Hamburg Süd, measured in terms of ship capacity. According to current figures published by Alphaliner, it has 634,000 […]
Ninety-four percent of transpacific shippers surveyed by American Shipper last week said they are concerned about a potential strike at U.S. East and Gulf coast ports at the end of 2012.
North Carolina-based Extreme Express Logistics completed an upgrade to its technology infrastructure, the company said this week. The upgrade is aimed at enhancing the company’s ability to provide critical and expedited delivery, reverse logistics, warehousing and order fulfillment. As part of the upgrade, Extreme Express said it has integrated a software system […]
“This is truly a ‘container cliff’ in the making. The retail industry, once again, calls on President Obama to engage directly in the negotiations,” said Jonathan Gold of the National Retail Federation.
The Italy-based parent company of Atlantic Container Line has plans to start a new direct service between the Mediterranean and North America, as soon as the second half of next year or 2014.
However, the freight market might take some time to adjust to the new planes. The introduction of more capacity in the coming years will also have an impact on the global cargo business, making rates unstable.
A trio of Chinese companies have agreed to take a joint 30 percent stake in a terminal in Taiwan’s busiest container port, Kaohsiung. The three companies, COSCO Pacific, China Shipping Terminal Development, and China Merchants, will take the stake in a Yang Ming terminal in the port. Yang Ming will retain a 60 […]
“This is a make or break period for transpacific carriers,” said TSA executive administrator Brian M. Conrad. The carriers “cannot afford another year in which expiring contracts and seasonally weak demand erode rate levels.”
The ship classification society Germanischer Lloyd (GL) said Wednesday it has developed new route-specific stowage guidelines for container vessels. The guidelines, available to all GL-classed boxships, is meant to offer container lines additional flexibility to load more containers on deck, while maintaining required safety levels. “With new route specific loading calculations, GL […]
Kohl’s Department Stores on Tuesday switched on its largest solar-power project at its million-square-foot e-commerce distribution center in Edgewater, Md. The facility opened in 2011 and recently earned its Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council. The location is Kohl’s sixth solar-based site in Maryland. The […]
The South Carolina Ports Authority said Tuesday that container traffic at the Port of Charleston increased 11.9 percent to 125,780 TEUs in November from November, 2011. Charleston’s container volume of 1.26 million TEUs year-to-date is 9 percent above the 2011 level. “While we are slightly off of aggressive projections set for the year […]
Non-vessel-operating common carrier Shipco Transport will open a new International Cargo Terminals (ICT) export warehouse in Long Beach, Calif., on Jan. 7. ICT, with warehouses in Elizabeth, N.J. and in Miami, is a Shipco subsidiary. The new 188,000-square-foot facility is located 10 minutes from the ports of Long Beach and Los Angeles. […]
NVC Logistics Group, a Rockleigh, N.J.-based third party logistics services provider, has named Robert Kovacs president, effective Jan. 1. He replaces Paul Henrici, who will retire from the company at the end of the month, after 17 years of service. Kovacs was most recently NVC’s senior vice president. He joined the company in […]
The U.S. Export-Import Bank approved loans for more than $150 million worth of American-made energy equipment that will head to Uruguay and Mexico. In specific, Ex-Im Bank approved a $78.6 million direct loan to Abengoa, a company in Seville, Spain, that applies technology solutions for sustainable development in the energy and environment sectors. It […]
The East and Gulf coast dockworkers’ union says it’s still willing to keep talking with management to secure a contract, but warned “unless we hear back from them we will be on strike on Dec. 29.”
Several grain terminals in the Pacific Northwest trying to negotiate a new contract with workers said Monday evening that they were rejecting the most recent offer from the International Longshore and Warehouse Union.
