The holding company of CABKA North America Inc., CABKA GmbH in Germany, and Belgium-based IPS – Innova Packaging Systems NV will merge under the newly formed CABKA Group. Until a joint brand is announced, the CABKA and IPS labels will remain intact, the companies said. CABKA and IPS together will become a […]
Classification society ABS has awarded Stevens Institute of Technology $3 million to create a new civil, mechanical and naval engineering laboratory complex in the Davidson Laboratory. The new complex will bear the ABS name. “Without question, this laboratory complex will be a proving ground where enterprising students can develop the skills they […]
Baltimore-based freight forwarder and customs broker Samuel Shapiro & Company has appointed C. Walter Starr as its chief financial officer. Starr joins Shapiro with more than 25 years of experience in accounting, finance, and management serving in a variety of corporate roles. He was previously CFO and vice president of finance and administration […]
C.H. Robinson, a large global-logistics provider based near Minneapolis, on Monday announced the roll out of an enhanced technology platform that provides real-time updates on shipment status, standardizes systems across the enterprise and increases analytic capability. The new platform, called Navisphere, is essentially a rebranded version of Robinson’s internal transportation management system with some added […]
SAP said at a conference in Germany this week it will release updates to three of its key supply chain software modules. The updates are for SAP’s Transportation Management, Extended Warehouse Management and Event Management applications. The TM update is designed to improve ocean and air freight management; better integrate with the warehouse […]
The International Longshore and Warehouse Union said Monday grain companies operating terminals along Columbia River and Puget Sound have given local workers a final contract offer that “demands deep concessions from workers, even though the companies have been successful under the current agreement and impasse has not been reached in negotiations.” A group […]
USTR on Monday hosted the first meeting of the U.S.-Colombia Free Trade Commission (FTC), the body responsible for supervising the implementation of the U.S.-Colombia Trade Promotion Agreement and resolving issues.
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. […]
