Four people were killed Thursday at a grade crossing when a Union Pacific freight train slammed into a flatbed semi-trailer being used as a parade float for an event honoring wounded veterans in Midland, Texas, according an Associated Press report and a news release from the National Transportation Safety Board. Seventeen people were injured, […]
“Over the past two weeks, OSG has continued to fix vessels with our clients. We will use the Chapter 11 process to definitively resolve our financial issues,” said Morten Arntzen, OSG’s president and CEO.
After nearly 11 months on a 10-week rotation, the Danish ocean carrier has added a new port call at Vostochniy, Russia, and an eleventh vessel to its weekly TP7 service between Asia and the east coast of North America.
The latest Stifel Nicolaus Logistics Confidence Index saw its first positive gain after six consecutive months of sequential decline, according to the investment bank and its partner, the analyst and research firm Transport Intelligence. The index is a monthly survey of international shippers and forwarders measuring freight activity across several European-based trade lanes. […]
Container volume at the port rose 1.5 percent year-on-year in October, aided by strong growth in exports, which increased by 5.5 percent to 96,090 TEUs. Overall volume reached 175,330 TEUs.
After nine months at regular speed, the ocean carrier Maersk Line has once again added another vessel to its weekly CHX service between Asia and the East Coast of India, increasing roundtrip voyage time from 35 days to 42 days. Transit times eastbound from India to China on the CHX have been increased by […]
TNT Express, one of four integrated express delivery companies operating around the world, announced Friday it will sell in-house airline TNT Airways and Pan Air Lineas Areas SA to ASL Aviation Group on the condition that European Union regulators approve TNT’s sale to rival UPS. UPS offered last spring to buy TNT for $6.5 […]
Container volume at the Port of Long Beach shot up 8.7 percent year-on-year in October, surpassing the neighboring Port of Los Angeles’ 0.8 percent growth for the month. The growth is due in some part to the poor volume Long Beach saw in October 2011, when throughput fell 20.5 percent from October 2010. […]
Jones Act liner carrier Matson, Inc. has appointed Ku’uhaku Park to vice president of government and community relations. He will be located at the company’s headquarters in Honolulu. Park will be responsible for directing Matson’s government relations and community service activities in Hawaii. He also will lead the company’s efforts to promote and develop the […]
The Port of Redwood City in the San Francisco Bay said it’s started pile driving for the reconstruction of two wharves. “Demolition of the old wharves and adjacent warehouse, dating back to the 1940s, has nearly been completed,” the port authority said. The new, “seismically designed,” concrete wharf, 425 feet long by […]
In a survey by Transportation Intelligence and Kewill, 80 percent of respondents reported slight business expansion over the past two years, with more than 75 percent expecting this growth to continue next year.
The Port of Los Angeles saw loaded container volume drop 3.2 percent year-on-year in October, with exports falling more than 7 percent. The port’s total volume actually rose 0.8 percent during the month to 718,406 TEUs, but that was primarily due to a 15.7 percent increase in empties. Inbound volume fell 1.1 percent […]
UPS will probably have to shed a couple of TNT pieces, “but ultimately I think it will get done,” said Ben Gordon, founder and managing director of BG Strategic Advisors, at the NIT League and IANA conference.
It’s particularly important off the coast of Alaska where the OCS is twice the size of California and “some of the richest resources in the world are there –literally trillions of dollars,” said a U.S. Coast Guard official.
The threat of a port strike along the U.S. East and Gulf coast ports from Oct. 1 may have induced some importers to move volume up earlier in the year to avoid potential disruptions.
Third-party logistics services provider Dachser has opened a branch office in Port Elizabeth, which is situated in the Eastern Cape Province of South Africa. This is Dachser’s fourth South African branch office, adding to locations in Johannesburg, Durban and Cape Town. According to Detlev Duve, managing director of Dachser South Africa, the […]
The U.S. Justice Department and the Securities and Exchange Commision on Wednesday released a long-awaited guidance on the Foreign Corrupt Practices Act regulation that makes it illegal for certain individuals to make payments to foreign government officials to assist in obtaining or retaining business. The 130-page guidance was unveiled a day before the […]
The U.S. Environmental Protection Agency and the Justice Department on Wednesday said a settlement has been reached with two former importers of highway motorcycles, recreational vehicles, and small spark ignition engines. The defendants, Yuan Cheng International Group, Inc. (YCIG) and NST, Inc. (NST), located in Montclair, Calif., allegedly imported and sold vehicles and […]
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The Waterways Council, Inc., at its board meeting in Houston Tuesday, unanimously endorsed the American Waterworks Act, which was proposed in late October by Sens. Lamar Alexander, R-Tenn., and Lindsey Graham, R-S.C., to modernize America’s inland waterways and ports. The new waterways funding plan would: Remove the requirement that Olmsted Lock and Dam […]
