CSX Transportation has shuffled some of its management on the operations side of the railroad. Gary Bethel, currently vice president for mechanical, has been named vice president of the northern region, succeeding Craig King, who is retiring. Frank Lonegro, currently president of CSX Technology, will succeed Bethel as vice president for mechanical. Lonegro […]
“European shippers insist that a mandatory deadline for the delivery of the final shipping instructions by the shipper to the carrier’s office will largely solve the issue of ‘misdeclared container weight,’” the Brussels-based group said.
Millard Refrigerated Services announced plans Wednesday to develop and operate a $42 million refrigerated warehouse in Charleston County, S.C. The company said the cold storage facility, located at the Palmetto Commerce Park in North Charleston, would give it the ability to freeze and store poultry, pork and beef products and export them through the […]
The U.S. economy grew at an annual rate of 3.1 percent in the third quarter, according to the Bureau of Economic Analysis’ final estimate Thursday morning. With more complete source data about economic activity, the agency revised upward its earlier estimate of 2.7 percent growth. In the second quarter, real Gross Domestic Product increased […]
The Halifax Port Authority board has renewed Karen Oldfield’s contract to continue as president and chief executive officer. Her new five-year contract takes effect Jan. 1. “Ms. Oldfield and her management team have been instrumental in guiding our port through challenging times, ensuring diversification and significantly enhancing our outreach to new markets […]
Crowley Maritime Corp.’s liner services division has appointed Tony Otero to vice president of Caribbean services. Otero replaces Matt Jackson, who will take on a new position in Crowley’s petroleum services Jan. 1. In his new role, Otero will be responsible for sales, marketing and operational shipping activities throughout Crowley’s network in the […]
The U.S. Transportation Department this week announced six actions to eliminate “out-of-date or duplicative paperwork, saving taxpayer dollars and reducing the workload for businesses across the country.” DOT’s announcement comes in response to an executive order issued by President Obama in May, which instructed federal agencies to examine all existing rules and requirements […]
The Commerce Department on Tuesday announced that it determined utility-scale wind turbine towers from China and Vietnam were both dumped on the U.S. market and received government subsidies during their manufacture. Dumping occurs when an overseas company sells a product in the United States at less than its fair value, while countervailable subsidies are […]
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.”
