The two liner carriers said they’re considering further capacity reduction on the joint service depending on market demand and supply situation. More details are to be announced when finalized.
Americold, a provider of temperature-controlled warehousing and logistics to the food industry, has introduced Xpedite, a 24-hour service offering fast delivery of both less-than-truckload and truckload shipments. Xpedite helps food shippers locate truck capacity for routine and urgent deliveries, the company said. “There are many expedited service companies in the marketplace. What […]
The World Shipping Council (WSC) said Wednesday it has hired Damian Viccars as its new Brussels representative. Viccars joins WSC from the International Road Transport Union, where he worked for the last seven years on EU transport policy and with UN bodies involved in transportation policy. “The World Shipping Council and the […]
The terminal will initially load 30,000 barrels of crude oil per day into railcars – the equivalent of more than 50 tank cars worth – starting in the second quarter of 2013. It will have the potential to handle unit trains of 100 tank cars.
Foxconn Technology Group said it uncovered underage workers as young as 14 working in violation of Chinese law and its own policies at a factory in the eastern city of Yantai, according to international media reports and the official Xinhua News Agency. Foxconn is the world’s largest contract electronics manufacturer, with clients such as […]
RedLine Solutions, a provider of produce tracking solutions, and Junction Solutions, which offers market-specific and on-demand software to the food and beverage and multi-channel retail sectors, are partnering to eliminate the manual link between field labeling and a company’s mainline ERP system. The firms said this will make for an easier and more […]
The liner carrier Mediterranean Shipping Co. said Thursday it will provide a landbridge service from Philadelphia to New York to connect cargo carried from Oceania on a Maersk Line/Hamburg Sud joint service on which MSC takes slots. The 10-ship Oceania Express service has a rotation of Philadelphia, Charleston, Cartagena, Balboa, Auckland, Sydney, Melbourne, […]
Craig Jondell has returned to Wallenius Wilhelmsen Logistics Americas after two years as director of business development at the Port of Los Angeles, company spokeswoman Inna Getselis confirmed. Jondell’s new title is vice president of sales for the West Coast. He spent nine years at the integrated auto and heavy-equipment transporter, including as vice […]
Union Pacific Corp. said it had a profit of $1 billion in the third quarter, compared to $904 million in the third quarter 2011. Operating revenue for the Class I railroad was $5.3 billion in the third quarter, 5 percent more than $5.1 billion in the third quarter 2011. “Despite a 12 […]
U.S. Bank, a large volume freight payment provider, plans for continued growth of its transportation business by hiring two new managers. Keith Stopyra joins the bank’s Corporate Payments Systems business as Northeast regional sales manager for transportation payment solutions. Formerly with liner carrier “K” Line, Stopyra brings more than 15 years of experience […]
CHEP Aerospace Solutions has acquired Frankfurt, Germany-based eps-Aircraft Services GmbH, a cargo and galley equipment repair services provider. This follows CHEP’s recent acquisition from Nordisk Aviation Products in Copenhagen, and the opening of an owned repair facility in Doha, Qatar, extending the company’s repair network to more than 50 stations worldwide. eps-Aircraft […]
The Port Authority of New York and New Jersey is developing a strategic plan for the next 20 years, says Richard M. Larrabee, director of the authority’s Port Commerce Department. At the same time, Larrabee said the country should examine new ways to fund port-related infrastructure such as bridges and roads, noting that improvements […]
T-Chek is a provider of payment services to trucking fleets, as well as other industries. Truckers use T-Chek pre-paid cards and fuel cards to purchase fuel and services at truck stops.
CSX Corp. had a profit of $455 million in the third quarter ending Sept. 28, 2 percent less than the $464 million it earned in the same 2011 period. Because of share repurchases over the past year, earnings per share also rose 2 percent. Revenue was $2.89 billion in the third quarter, down 2 […]
The Athens-based containership chartering company Costamare Inc. said it’s selling 7 million shares of stock to raise funds for capital expenditures, including vessel acquisitions and other general corporate purposes, which may include repayments of indebtedness. The company said it has priced the offering at $14 per share so that gross proceeds from the […]
Chapman Freeborn Airchartering has expanded its on board courier (OBC) services with the opening of a new office in Hong Kong. The company – which has offices in Fort Lauderdale, Fla.; Houston; Atlanta; and Washington – acquired Euro Express Ltd., a courier company based in Hong Kong that provides hand-carry services in Asia and […]
Both candidates said their job-promotion efforts would include fielding policies that give incentives to domestic manufacturers to keep factories in the United States rather than relocate them in low-wage countries.
CMA CGM said Tuesday the French Government’s sovereign wealth fund, Fonds Stratégique d’Investissement (FSI), has agreed to subscribe into $150 million in bonds which are convertible into a 6 percent stake in CMA CGM. CMA CGM, the third largest container shipping company in the world, also said Yildirim Group will subscribe to $100 […]
The Virginia Office of Transportation Public-Private Partnerships has extended until Dec. 2 the deadline for submitting detailed proposals for the Port of Virginia, Virginia Port Authority spokesman Joe Harris confirmed.
ChemLogix, a provider of chemical industry transportation management, technology, and supply chain consulting services, has launched a new freight brokerage service as part of its Capacity Management program. The company’s freight brokerage service was introduced to address capacity shortages currently challenging chemical companies across the United States. ChemLogix said it’s “positioned to assist […]
