Global trade stagnated below pre-economic crisis levels through August, according to the International Transport Forum’s December Global Trade and Transport Statistics Brief, released Friday. The briefing indicated total ocean trade remained lower than pre-crisis levels in the European Union and United States (at -2 percent and -10 percent, respectively), according to the ITF’s […]
NYK on Friday said it will merge its subsidiary companies NYK-Hinode Line Ltd. and NYK Global Bulk Corp. Hinode has been in business for more than a century and transports a variety of cargo, such as plant and heavy equipment, while NGB is one of the world’s largest specialists in handy-size bulk carriers. […]
C.H. Robinson’s senior vice president Jim Butts will retire, effective Dec. 31. Butts started working at the Eden Prairie, Minn.-based logistics company in 1978. He has been senior vice president since December 2007. His previous positions at C. H. Robinson include manager at both the Chicago South and Detroit offices.
“If a new labor agreement is not reached and a port shutdown occurs, we respectfully ask you to be prepared to immediately put into place measures,” the organization told the president.
The U.S. Export-Import Bank approved a $1.03 billion loan to GLOBALFOUNDRIES to finance the export of American-made semiconductor manufacturing equipment to Germany. The transaction, which is Ex-Im Bank’s third with GLOBALFOUNDRIES and its related entities, will support about 9,700 jobs, according to Commerce and Labor department data. Four American exporters from California, […]
The Port of New Orleans has elected Joe Toomy to serve as chairman. He succeeds Commissioner Valerie Cahill, whose term as chairman expired. Cahill will continue to serve on the board as a commissioner. The board also elected Commissioners Dan Packer to vice chairman and Greg Rusovich to secretary-treasurer. A 24-year veteran […]
The Duluth Seaway Port Authority has appointed Jeff Borling to director of industrial/economic development, effective Jan. 1. Borling has spent most of his career in economic development. He joins the port after nearly seven years with APEX (Area Partnership for Economic Expansion), helping drive regional investment and job growth. Since 2010, he […]
A former U.S. Customs and Border Protection officer, his girlfriend and two of their associates pleaded guilty Thursday in federal court for their participation in multi-year bribery and human smuggling activities along the U.S./Mexico border, the U.S. Justice Department announced. Former CBP officer Juan Carlos Guerrero, 39, of Mission, Texas, pleaded guilty before […]
Saddle Creek Logistics Services, a Lakeland, Fla.-based third party logistics firm, has appointed Amy Barnes to director of business development. In this role, she will oversee the development of new customer relationships and help generate organic growth with existing accounts. She will be based in Winston-Salem, N.C. Before joining Saddle Creek, Barnes […]
Next year, the U.S. airline industry will achieve a “rational industry construct” with four major airlines competing in the domestic and international air space, Richard Anderson, chief executive officer of Delta, said.
A federal mediator said after contract talks on Tuesday and Wednesday the Pacific Northwest Grain Handlers and ILWU Locals 4, 8, 19 and 23 “have agreed they require additional time to review their options.”
Three days of negotiations between the International Longshoremen’s Association and their employers ended on Wednesday without a labor agreement to replace the one that expires on Dec. 29.
The logistics software developer Trade Tech on Wednesday released an update to its Trade Rates Pricing Suite, with the new version aimed at accelerating the quote response time for non-vessel-operating common carriers. Trade Tech said the updated platform generates rate quotes in 90 seconds or less. “Both experienced sales people and first-time […]
FMC Chairman Richard Lidinsky noted that foreign NVOs have wanted to be able to offer Negotiated Rate Arrangements since the commission approved allowing domestic NVOs to offer them.
Canada is evaluating simpler eligibility requirements for highway carriers to participate in the Free and Secure Trade program to expedite the movement of cargo across the northern border for trusted shippers.
The ocean carriers Nippon Yusen Kaisha (NYK) of Japan and Germany’s Hapag-Lloyd have added a fourth vessel to their joint weekly MAREXN service between the U.S. West Coast, Mexico and Central America, increasing roundtrip voyage time from 21 days to 28 days. Transit times in both directions have been increased by a few days, now taking […]
CMA CGM’s decision to purchase a stake in the Port of Long Beach’s Pier J container terminal will increase port throughput by 2.6 million TEUs and increase revenues by about $70 million during the next five years, the port authority said Wednesday. The Port of Long Beach’s gain comes at the expense of the […]
