Two major barge industry organizations, the American Waterways Operators and Waterways Council, Inc., are calling on Congress and the Obama administration to expedite Corps of Engineers rock removal along the Mississippi River.
Norway’s Wilh. Wilhelmsen Holding (WWH), a part owner of the roll-on/roll-off carriers Wallenius Wilhelmsen, American Roll-on, Roll-off Carrier, and Eukor, said its profit was lifted by a gain from sale of shares in the logistics company Hyundai Glovis in the third quarter. The company reduced its ownership of Glovis from 15 percent to […]
The six commissioners of the U.S. International Trade Commission (ITC) on Wednesday voted unanimously that domestic producers of photovoltaic solar panels are harmed by similar imports dumped on the U.S. market by government-subsidized Chinese producers. As a result of the ITC’s affirmative determinations, the Commerce Department will issue antidumping and countervailing duty orders on imports […]
Innovative Trailer Design Industries (ITD) of Mississauga, Ontario, has built four 60-foot trailers for Walmart and two others that are being operated under a 12-month pilot program for Ontario’s Ministry of Transportation.
Saddle Creek Logistics Services, a Lakeland, Fla.-based third party logistics provider, named James Thomas director of business development. Thomas will oversee development of Saddle Creek’s new customer relationships and help grow existing accounts. He will be based in Columbus, Ohio. Before joining Saddle Creek, he was founder, president, and chief executive officer […]
The Preactor Group, a developer of production planning and scheduling software (APS), has entered a partnership with Epic Data International. Andy Willis, chief operating officer of Preactor North America, said the company would benefit from Epic Data’s experience in industries such as aerospace and defense, automotive and heavy equipment. “Epic Data has deep […]
MiX Telematics, a Boca Raton, Fla.-based provider of vehicle tracking and fleet management solutions, launched its Asset Tracking 1300 series, an online trailer tracking and monitoring service for fleet managers. The MiX Asset Tracking 1300 series helps identify the location of moving and static high-value and high-risk trailers at all times. “With […]
The U.S. Export-Import Bank voted Thursday to guarantee a JPMorgan Chase loan totaling $35 million to Devco International of Tulsa, Okla., for the design and construction of a sulfur purification plant in Mosul, Iraq. Ex-Im Bank’s financing will support about 380 U.S. jobs, according to bank estimates derived from Commerce and Labor department […]
Blue Tree Systems, a provider of trailer tracking, reefer monitoring and in-cab fleet management solutions, appointed Jack Jacobs to national sales executive for North America. Jacobs, who was most recently director of sales for StarTrak Systems, brings an extensive background in trucking telematics, particularly in trailer tracking and cold-chain management, Blue Tree said.
The American Chamber of Commerce in Shanghai (AmCham Shanghai) on Thursday elected Robert A. Theleen, chairman and chief executive officer of ChinaVest Ltd. and current AmCham Shanghai vice chairman, to chairman for 2013. He replaces Kenneth Jarrett, who decided not to run for a second term as chairman.
The decline in share prices when the market opened the day after the presidential election reflects the economic outlook of the post-election period. A politically divided Washington indicates that little progress will be made on key policy issues such as the “fiscal cliff,” automatic spending cuts and tax hikes scheduled for January 2013. […]
The liner carrier, which left TSA in 2009, plans to raise reefer rates on a global basis by $1,500 per container, in line with increases announced by Maersk in September. Maersk decided to raise reefer rates by roughly 30 percent.
European road freight rates have fallen for the last five months, according to an index published by the London-based transportation research and consultancy firm Transport Intelligence (Ti). According to the new international road freight index, compiled by Ti using data provided by European freight service provider, Freightex, road freight rates have fallen 7 […]
The agency has rescheduled its annual Trade Symposium for Nov. 27-28 in Washington. The event was originally planned for Oct. 29-30, but was rescheduled when Hurricane Sandy forced the federal government to shut down.
Freight transportation and trade are likely to take a back seat to broader economic policy issues in the coming months as Congress and President Obama try to work together after a bruising election campaign.
Jeffrey E. Miles was named deputy executive director for operations. He will be responsible for operations at the ports of Wilmington and Morehead City and inland terminals in Charlotte and the Piedmont Triad.
Deutsche Post DHL said it had consolidated net profit of 382 million euros ($487 million) in the third quarter, 0.8 percent less than the 385 million euros earned in the same 2011 period. Revenue was up 5.7 percent to 13.8 billion euros. While mail revenue fell 1.9 percent to 3.3 billion euros, all three […]
Matson had a profit of $19.1 million in the third quarter ending Sept. 30, more than double the $8.7 million earned in the same period a year earlier. In the third quarter of 2011, the company had a $9.7 million charge against earnings related to discontinued operations (net of income taxes), including a […]
Two Pakistani nationals have been indicted by a federal grand jury in the District of Columbia on charges alleging that they operated Internet sites that illegally shipped pharmaceuticals from Pakistan and the United Kingdom to customers in the United States, the U.S. Justice Department announced Wednesday. Sheikh Waseem Ul Haq, 39, and Tahir […]
