Last year, global cargo volumes finished at 29.6 million tons. Sri Lanka, Vietnam, Brazil, India and Egypt are predicted to be the fastest-growing cargo markets.
“It still remains to be seen whether appropriate solutions will ultimately address our concerns for express-parcel deliveries in Europe,” said Joaquin Almunia, EU commissioner responsible for competition, in a speech.
Arnold Transportation Services, a division of U.S. Xpress Enterprises, has acquired Fort Worth, Texas-based LinkAmerica. The deal is expected to be completed in January. The two companies, which will now employ more than 1,800 drivers and boast a fleet of 1,400 trucks, will conduct business under the Arnold banner. According to a U.S. […]
The New World Alliance will tweak the rotation of three of its transpacific services in the next two weeks, according to an advisory from NWA member MOL. The rotation changes affect the alliance’s PS1, PS2, and SAX services, which are all predominantly operated by NWA member APL. The PS1 service will drop […]
The cause of a deadly accident between a car carrier and small containership off the coast of Rotterdam Wednesday night was still not formally known, but suspected to be caused by human error, according to a report by Reuters. Meanwhile, the death toll from the collision between between the 3,000-unit car carrier Baltic […]
The Brazilian government on Thursday indicated it will invest $26 billion into its congested ports network to make them more efficient and maximize the country’s economic growth potential. Probably the most significant aspect of the announcement, made by President Dilma Rousseff, is that port licenses will be granted to the group that offers […]
In an effort to improve service, reduce costs and lower their environmental impact, Patrick Donahoe, postmaster general of the U.S. Postal Service, and UPS Chief Executive Officer Scott Davis have announced a partnership between the two operations. The program, which is titled “Blue and Brown Make Green,” will allow the companies to better utilize […]
A small, but significant, number of companies have moved some production back to the United States or to Mexico, the Caribbean or Central America because of concerns with long supply chains.
The cloud-based supply chain software provider GT Nexus said this week they have been selected by the carmaker Renault SA to provide a cloud supply chain platform that will support the company’s growing expansion into international markets. GT Nexus has conducted a successful live pilot covering the spare parts export supply chain from […]
The transportation management software providers RedPrairie and JDA Software Group said this week they have received clearance from German anti-competition authorities to proceed with their planned merger this year. The German Federal Cartel Office (FCO) granted clearance under the German Act Against Restraints of Competition, in connection with the previously announced transaction, in […]
After showing steady increases in package volumes each holiday season since 2005, FedEx officials are predicting that 19 million packages will move through the company’s networks on Monday, setting a new one-day volume record. If correct, Monday’s activity will be a large increase over last year, when on Dec. 12, the company handled […]
Third party logistics services firm UTi Worldwide reported profit of $10.5 million in the third quarter ending Oct. 31, compared to $28.5 million in the third quarter last year. Revenue was $1.13 billion in the third quarter, a decrease of 10.7 percent from $1.26 billion in the same period last year. Net revenues […]
These restrictions include the broad use of “non-transparent and discretionary import licensing requirements that have the effect of unfairly restricting U.S. exports,” the Office of the U.S. Trade Representative said.
The Port of Seattle Authority’s commission this week approved a 25-year plan that seeks to grow traffic at the city’s port and airport and create 100,000 new jobs while reducing the port’s environmental footprint. The port authority said its “Century Agenda” seeks to grow annual container volume to more than 3.5 million TEUs. […]
The U.S. Senate on Thursday passed the 2012 Russia and Moldova Jackson-Vanik Repeal Act by a vote of 92-4, clearing the way for U.S. companies to take full advantage of Russia’s recent entrance into the World Trade Organization. Once signed by President Obama, the United States will grant Russia permanent normal trade relations […]
Four men were charged with making illegal exports of carbon fiber from the United States to Iran and China, the U.S. Justice Department announced on Thursday. Carbon fiber has a variety of uses, including in gas centrifuges that enrich uranium and in military aircraft and strategic missiles. The four individuals charged are Hamid Reza […]
COSCO said that on Dec. 4 it signed a strategic cooperation agreement with China Shipbuilding Industry Corp. and an order for two VLCCs, with an option for two more. According to the agreement, COSCO and CSIC will deepen their cooperation in shipbuilding technology, logistics, and transportation. “The signing of the agreement will […]
The Busan Port Authority (BPA) and global container terminal operator PSA International signed a memorandum of understanding Friday designed to stoke cooperation towards a long-term strategic partnership between the two organizations. BPA and PSA said they’ll seek to find opportunities to work more closely to realize mutual benefits in South Korea’s Port of […]
American Trucking Associations applauded Reps. Reid Ribble of Wisconsin and Chuck Fleischmann of Tennessee for calling for a pilot program to require drug testing of hair samples for truck drivers in the United States. The proposed bill would require the Transportation Department to develop a pilot program to test the viability of hair testing on […]
“Puerto Rico’s economy remains in a prolonged multi-year recession, during which time domestic container volumes to the island have contracted sharply,” said Richard Rodriguez, head of the liner’s Puerto Rico service.
