U.S. freight volume remains steady The amount of freight carried by the for-hire transportation industry rose 0.2 percent in September from August, continuing a pattern of little fluctuation since January even as other indicators, such as Gross Domestic Product and employment, showed an uptick in economic growth, the Bureau of Transportation Statistics reported last […]
The American Association of State Highway and Transportation Officials (AASHTO) has named Frederick G. “Bud” Wright to executive director. Wright succeeds John Horsley, who has served as executive director since 1999 and retires Feb. 1. Wright served as executive director of the Federal Highway Administration from 2001 to 2008, assisting the administrator […]
“Having top-tier talent that can think, innovate and go to market differently is going to be a critical competitive advantage,” Zack Deming, a principle at executive recruiting firm Korn/Ferry International, said.
The council, which represents shipper groups throughout Asia, continued its offensive on liner shipping exemptions, which it says unduly burden the region’s shippers through higher freight rates and surcharges.
The U.S. Export-Import Bank has authorized a comprehensive guarantee on a $500 million loan to Polskie Linie Lotnicze LOT S.A. (LOT Airlines) for the export of a fleet of Boeing 787 Dreamliner planes to Poland. Apple Bank for Savings of New York extended the loan. Nippon Export and Investment Insurance of Japan is […]
The U.S. Export-Import Bank has authorized two transactions aggregating $461 million to underwrite the export of American-made satellites to Hong Kong. The pair of transactions will support about 3,700 U.S. jobs, according to bank estimates derived from Commerce and Labor department data. Asia Broadcast Satellite (ABS) of Hong Kong will deploy the […]
The liner carrier had $617 million in operating profits in the third quarter of 2012, while revenue increased 9 percent year-on-year to $4.2 billion. For comparison, the line sustained a $224 million operating loss in the same 2011 quarter.
Georgia Gov. Nathan Deal said Monday that as part of his fiscal year 2014 budget proposal, he will seek an additional $50 million in funding for the Savannah Harbor Expansion Project. “I am committed to allocating funds and time to this pivotal link in our logistics network,” Deal said. “Expanding the Savannah Harbor is […]
A 24-hour general strike across Argentina has shut down operations at ports and airports, and for rail and trucking operations countrywide. It’s anticipated that all ships will remain at anchorage or berth, depending on conditions. Immigration, customs, health and agriculture staff will all be involved in the strike, as well as port administration […]
Ocean carrier Hanjin Shipping said it will increase Asia-Europe freight rates on Dec. 16 “to cover the losses caused by the falling freight rates and maintain the quality of its services.” The increase of $600 per 20-foot container and $1,200 per 40-foot box covers cargo moving from the Far East, Southeast Asia, Middle East and Indian subcontinent […]
APL said it plans to hike refrigerated container rates globally by $1,500 on Jan. 7. “Rates are currently at unsustainable levels, and we face the challenge of escalating operational costs, which show no signs of abating,” the Singapore-based carrier said. APL’s action follows similar decisions to hike reefer rates by other carriers, including Maersk.
Liner carrier Mediterranean Shipping Co. has introduced a new port call in Melilla, Spain, an enclave located on the north coast of Morocco. The port is served with a feeder from Valencia. Transit time from Felixstowe, for example, to Melilla is 14 days. – Chris Dupin
Shipping parcels and freight will be more expensive next year for UPS customers. UPS on Friday said rates next year will increase 4.5 percent for all Air and U.S. origin international services and 4.9 percent on UPS Ground services. The rates reflect the net average after a reduction in fuel surcharges. […]
Avianca Airlines, Colombia’s flagship airline, has ordered three Boeing 787 Dreamliners, valued at $620 million. The order brings Avianca’s total 787 order count to 15 Dreamliners, which includes the 12 787s ordered in 2007. The total order value stands at more than $3.1 billion. “Adding more 787s to our order aligns well […]
Dallas-based Worldwide Express has appointed Amy Milligan to vice president of marketing and business analytics. She was formerly director of account management and operations at Covalent Media Lab. “Her background, experience and expertise will most certainly help us assist our more than 150 franchises and hundreds of field sales personnel through the […]
The World Trade Organization this week launched a new online tool that allows shippers to access aggregated data on merchandise and commercial services trade as well as selected market access indicators. The tool includes four dashboards: • The Trade Dashboard reveals the leading traders by commodity group, sector and year. Data can […]
The Society of International Gas Tanker and Terminal Operators (SIGTTO) has appointed Capt. Andrew Clifton to general manager. Established in 1979, SIGTTO promotes industry best practices and safety standards in the storage, handling and ocean transport of liquefied gases. Clifton succeeds Bill Wayne who served as SIGTTO general manager for the past five and […]
Yusen Logistics has installed its largest solar power generation system at its warehouse facility in Port Murray, N.J. The solar system is comprised of 6,246 panels covering a 14,700-square-foot plot next to the warehouse. The 500-kilowatt system is expected to generate about 650,000 kilowatt hours of electricity per year, and will help power the warehouse. […]
The on-demand supply chain management software developer SPS Commerce said Monday that it has appointed Brad Cleveland to its board, effective immediately. Since November 2001, Cleveland has also served as a member of the board and president and chief executive officer of Proto Labs, an online and technology-enabled quick-turn manufacturer of custom parts […]
Tensions between dock labor unions and their employers on both the U.S. West and East coasts have heightened as disagreements on contract demands on both sides of the bargaining table continue to divide. Talks between the Los Angeles/Long Beach Harbor Employers Association, a group representing 14 steamship lines and terminals, and clerical workers represented by the […]
