The private equity firm Riverside Co. has acquired MNX, a provider of expedited transportation and logistics services. The companies said the change “will provide MNX the ability to fund future expansion and acquisitions.” They added that Scott Cannon, MNX’s chief executive officer, “will continue in his role and as a meaningful investor; […]
XRS Corp. (formerly Xata Corp.), a developer of mobile fleet software, appointed Christian Schenk to senior vice president for product strategy and market growth. Previously, Schenk was vice president of product marketing and market development. In his new role, he will have responsibility for the company’s product roadmap and marketing, lead generation, inside […]
The Caribbean Shipowners Association on Monday unveiled rate increase plans for 2013 for both northbound and southbound shipments. CSA carriers will seek an increase on shipments between the United States and Anguilla, Antigua, Dominica, Grenada, Montserrat, Saba, St. Barths, St. Eustatius, St. Kitts & Nevis, St. Lucia, St. Maarten, St. Vincent, Trinidad, Jamaica, Guyana […]
The Port of Houston said Executive Director Len Waterworth has reorganized the agency to “enhance efficiencies, drive higher profitability and ensure greater accountability.” Three deputy executive directors have been named to head the operations, finance and administration, and corporate affair divisions. They are: Roger Guenther, formerly vice president of container terminals, to head […]
Non-vessel-operating common carrier CaroTrans has started four new less-than-containerload services from China to Chile. The Chinese departure cities include Shanghai, Ningbo, Shenzhen, and Hong Kong, with arrivals in Valparaiso, Chile. “Our Chile gateway is positioned to effectively serve regional and global growth. These four new import services are the first stage in […]
“This is a truly historic moment,” said World Trade Organization Director-General Pascal Lamy on Nov. 8. “After so many twists and turns, these complicated and politically contentious disputes can finally be put to bed.”
Samskip Multimodal Container Logistics, Visbeen Transport Group and Post-Kogeko Logistics said this week that refrigerated container provider Coolboxx has become a rental company. Coolboxx will exclusively rent 45-foot reefers to the three partners. The transaction was approved by the partners’ boards. With this change in identity, the partners aim to accelerate reefer volumes […]
In opening remarks Monday before the 105th annual meeting of the National Industrial Transportation League in Anaheim, Calif., President Bruce Carlton made an eloquent Veterans’ Day statement about the respect people in the military and veterans deserve for upholding the American way of life and singled out the freight rail industry for hiring veterans. […]
The National Foreign Trade Council (NFTC) on Monday lauded applauded Congress leadership for scheduling a vote on legislation establishing permanent normal trade relations (PNTR) with Russia in the U.S. House. Russia gained admission to the WTO in August, but it continues to be precluded from PNTR status due to U.S. human rights legislation […]
R. Keith Michel, chairman of the Herbert Engineering Group of Cos., has been appointed president of the Webb Institute. Michel, an alumnus of the school, will succeed Robert C. Olsen Jr., who will retire after eight year as the school’s president. Michel, who has been serving as chairman of the board at Webb, will […]
The U.S. Commerce Department’s International Trade Administration will release the third edition of its Trade Finance Guide: A Quick Reference for U.S. Exporters at the Finance, Credit and International Business Association (FCIB)’s 23rd Annual Global Conference in Philadelphia Tuesday. The guide is designed to be a 60-minute workbook covering the things exporters need to know […]
Of the supply chain executives surveyed by BDP International, 87 percent indicated their companies are considering or have already begun to move production closer to end markets, sourcing and selling their goods within the same hemisphere.
Total U.S. steel exports in September 2012 were 1.058 million tons compared to 1.172 million tons in August 2012, a 9.7 percent decrease, and a 12.8 percent decrease compared to September 2011, according to the American Institute for International Steel (AIIS). “Exports declined to NAFTA, the rest of the Western Hemisphere, Africa and […]
Hapag-Lloyd had improved results in the third quarter, but the German liner carrier said in the current quarter transport demand is being reduced by the debt crisis in Europe. The carrier said it had an after-tax profit of 45.6 million euros ($57.9 million) in the third quarter, compared to 9.6 million euros for the same […]
The Website for the China Daily newspaper is reporting that COSCO and China Cargo Airlines are planning to sell a combined 30.7 percent stake in Shanghai Eastern Logistics Co., but only to domestic Chinese air carriers.
FedEx Freight, the less-than-truckload subsidiary of FedEx Corp., has expanded its 10:30 a.m. delivery option to include Canada. This service is now available for FedEx Freight Priority and FedEx Freight Economy shipments.
Chattanooga, Tenn.-based trucking company U.S. Xpress Enterprises will significantly expand its U.S./Mexican cross-border services via two deals. First, U.S. Xpress will purchase a 90-percent interest in Xpress Internacional. With a terminal network in major cities throughout Mexico, Xpress Internacional allows U.S. Xpress to provide a “true door-to-door service between the two countries,” Xpress […]
International Shipholding Corp. said it intends, subject to market conditions, to raise up to $40 million through a stock sale. The company said it would use the proceeds from the offering for general corporate purposes.
As well as exports of general cargo, fish and fresh fruits to the U.K. market, shippers in South Africa benefit from Virgin Atlantic’s connections in London to other export destinations in the United States.
Roadrunner Transportation Systems said Monday that it has acquired A&A Express, a provider primarily of refrigerated truckload services based in Brandon, S.D. Cudahy, Wis.-based Roadrunner is paying about $24 million, plus an earn-out capped at $2.5 million. A&A uses both independent contractors and employee drivers. The acquisition was financed with borrowings under Roadrunner’s […]
