The global integrated carrier has opened a $21 million, 140,000-square-foot expansion to its hub at Miami International Airport, and recently launched its first mechanized delivery site in Bonn, Germany.
Privately-held third party logistics provider Transplace said Thursday it has acquired Torus Freight Systems, a Canadian 3PL specializing in cross-border and intra-Canada freight management. Ontario-based Torus is the third small acquisition for Transplace in the past two years. Backed by money from its owner, private investment group CI Capital Partners, Transplace last year bought […]
CMA CGM said it was implementing general rate increases Jan. 1 on several routes out of Asia. The French carrier said it will raise rates $500 per TEU on containers moving from Asia to the east or west coast of South America, the west coast of Central America, and Mexico. It also […]
R+L Carriers has unveiled Business Critical Solutions, a suite of expedited, guaranteed shipping services encompassing same-day, next-day and 1-2 day transit services. The service includes less-than-trailerload guaranteed service, LTL expediting, a new domestic service called Weekend Express, and traditional and international expediting. According to a press release, R+L’s on-service time performance stands at 99.87 percent. […]
APL and Hanjin Shipping said Wednesday they will start a new joint intra-Asia service linking Thailand and Japan from Dec. 21. The new service will be operated with three 1,700-TEU ships with a rotation of Osaka, Kobe, Hibiki, Hakata, Kaohsiung, Chiwan, Laem Chabang, Hong Kong, Kaohsiung, and Osaka. It wasn’t specified how […]
The third party logistics services provider Total Service Logistics recently tripled its footprint at Depot Park, a 300-acre industrial and office complex in Sacramento, Calif., that includes 3 million square feet of flexible workspace, growing from 42,000 square feet to 120,000 square feet in the past 60 days. The company is planning to take over another 30,000 square feet […]
Representatives from European-American Business Council (EABC) and TransAtlantic Business Dialogue (TABD) said Wednesday that the two organizations will merge to form the Transatlantic Business Council (TBC), effective Jan. 1. “TBC creates a stronger business voice for its 90-plus member companies,” the two organizations said in a statement. “It will advocate for the timely […]
The Los Angeles/Long Beach Harbor Employers Association said at 11 p.m. PST that they had reached an agreement on a new contract to replace one that had expired on June 30, 2010, with the ILWU Local 63 Office Clerical Unit (OCU).
The 17,000-acre, public-private development Alliance Texas paid more than $1 billion in property taxes to eight entities, spreading its impact to four cities throughout two counties in the state. More than $20 million went to both Tarrant County and the city of Forth Worth in 2011, a vast increase over tax revenue a […]
The China Nuclear Industry Huaxing Construction Co., Ltd., a corporate entity owned and operated by the Chinese government, pled guilty Monday to conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Export Administration Regulations, and other related charges. It is believed that Huaxing’s plea marks the first time that a […]
The U.S. Export-Import Bank has voted to extend a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to Reliance Industries Ltd. of Mumbai, India, for the export of American goods and services for expansion projects at Jamnagar in the Indian state of Gujarat. The transaction is the single […]
The U.S. Senate may vote as early as today on the pending 2012 Russia and Moldova Jackson-Vanik Repeal Act, which many industry groups say would open their trade opportunities in Russia. The House overwhelmingly passed the bill (H.R. 6156) without amendment on Nov. 16. The bill, if passed by the Senate and signed […]
U.S. Customs officials indicated in last weeks’ coverage of the annual Trade Symposium, “CBP turns triple play for trade facilitation,” that the new initiative to vet the security of export supply chains to Japan for members of the Customs-Trade Partnership Against Terrorism would take place in January. A spokesman clarified that the arrangement with Japan […]
The Los Angeles mayor said ILWU Local 63, Office Clerical Unit (OCU) and employers of the Los Angeles/Long Beach Harbor Employers Association have agreed to have a federal mediator to assist with contract negotiations.
Nearly 100 trade associations from around the country — groups representing the interests of retailers, manufacturers, farmers and transportation companies — sent a letter today asking President Obama to help end a strike that has crippled operations in the ports of Los Angeles and Long Beach. “We recognize the difficulties of government intervention […]
The agency has implemented 11 improvements to its Safety Measurement System (SMS) to enhance its ability to identify and take action against truckers with safety and compliance concerns.
U.S. works to connect businesses with Sub-Saharan market. Acting U.S. Commerce Secretary Rebecca Blank last week launched the “Doing Business in Africa” campaign at an event in Johannesburg, South Africa. The campaign to promote economic growth, trade and investment in Africa, is part of a larger U.S. strategy toward Sub-Saharan Africa issued by President […]
The U.S. Federal Aviation Administration has unveiled new aircraft tracking technology in Colorado that will allow air traffic controllers to follow a plane’s movements in mountainous areas outside radar coverage and in inclement weather. The technology is known as Wide Area Multilateration and was developed with the help of FAA and the Colorado […]
The liner carrier will “carry out a phased approach to simplify its surcharge structure, making it easier for all parties to deal with quotes, contracts and invoices. The surcharge structure will be finished by mid-2013.
Despite economic uncertainties and high credit-financing costs, Boeing officials say the world’s airlines will see enough liquid financing next year to sustain projected aircraft deliveries of $104 billion.
