The Maher-J.P. Morgan team is going up against APM Terminals, which started the privatization process last spring by making a offer valued at $3.1 billion to $3.9 billion to take over port operations for 48 years.
Container traffic at the Southern California ports of Los Angeles and Long Beach collectively fell 1.7 percent in November, due in part to a strike at 10 of 14 terminals in the two ports during the last week of the month.
Dahlman Rose & Co. has switched its outlook on the domestic airline industry from cautious to bullish, citing higher passenger revenues, possible lower fuel prices and a stability gleaned from domestic airline consolidation.
U.S. steel exports increased in October compared to September by 12.1 percent, according to the American Institute for International Steel and government data. “Exports to both NAFTA and the smaller steel export markets in Asia and the EU increased on a month-to-month basis offsetting declines in other markets. The increase in exports – […]
The logistics software company Descartes Systems Group said Tuesday that it is working with DHL Global Forwarding and other customers to spearhead the air freight forwarding industry’s adoption of Cargo-XML as a new communication standard. “Descartes manages all of DHL Global Forwarding’s electronic communications with our air carrier partners,” said Steve Smith, head […]
The global on-demand shipping and logistics software developer CargoSmart has signed an agreement with the Nippon Automated Cargo and Port Consolidated System (NACCS Center) to enable ocean carriers and non-vessel operating common carriers to comply with Japan Customs’ newly enacted Advance Filing Rules. Japan’s legislature enacted the new advanced filing rules in March […]
by Cheryl Garcia, regional vice president, Global Transportation Relationship Management, U.S. Bank Freight Payment December is traditionally a time to reflect back while looking forward. Politics and the economy dominated the headlines in 2012, both in the U.S. and abroad. As we weigh in on 2012, what are the top transportation industry issues for […]
The global supply chain information technology company Data2Logistics has moved into a new corporate headquarters in its home city of Fort Myers, Fla., the company said Tuesday. Data2Logistics provides transportation management, carrier negotiations, request for proposal management, inbound routing, networking analysis, and pooled purchasing systems, along with freight bill auditing and payment services. Aside […]
The leading German container shipping companies Hapag-Lloyd and Hamburg Süd said this morning that they are discussing a possible merger. If accomplished, the combined companies would be the fourth largest container shipping company in the world with more than 1 million TEUs in capacity. The only larger liner companies would be Maersk, […]
The United States and Canada on Friday released progress reports listing steps the two governments have taken in their one-year-old effort to make the norther border more efficient and simplify regulations. Many of the accomplishments under the Beyond the Border and Regulatory Cooperation Council initiatives have been widely publicized as they occur, but the […]
USMX has said it wants to cap royalty payments “and use the excess, not as savings for employers but to help pay for other benefits for ILA workers,” while ILA President Harold Daggett has vowed to keep the cap unchanged.
The ocean carriers have once again slowed their joint weekly service between Asia and the east and west coasts of North America. Roundtrip voyage time on the loop has increased from 112 days to 119 days, or 17 weeks.
Robert E. Sanchez, the 3PL’s current president and COO, will assume the role of executive chairman on Jan. 1, as a transition to replace retiring Chairman and CEO Gregory T. Swienton, who is stepping down.
CEVA Logistics will sell its Pallecon business, an intermediate bulk container (IBC) services provider with operating divisions in Europe and Asia-Pacific, to Brambles Ltd. of Australia for $177 million.
