Maersk Line said this week it plans to hike export rates from the U.S. East Coast to Oceania in early November. The increase is $175 per 20-foot container and $350 per 40-foot or 40-foot high-cube container as of Nov. 5. It applies to shipments to Australia and New Zealand.
FedEx Corp. announced Tuesday evening programs that it expects will improve annual profits by $1.7 billion during the next three years, with a significant portion of the benefits achieved by fiscal 2015. The company had net income of $2 billion, and operating income of $3.2 billion on revenue of $42.7 billion in its […]
RedLine Solutions, a provider of fresh produce track and tracing technology, has launched a new Website (https://www.redlineforproduce.com), which features a blog by RedLine’s leadership, education Webcasts, how-to videos, and information on Produce Traceability Initiative (PTI) solutions offered by the firm. “Our new Website is extremely user friendly and packed with information,” said Todd […]
Hyundai Merchant Marine said Tuesday it plans to hike rates on Canadian exports to Asia from Dec. 1. The increases, $160 per 20-foot container and $200 per 40-foot container, apply to cargo destined for Japan, China, Korea, Taiwan, Hong Kong, Malaysia, Philippines, Singapore, Thailand, Indonesia, Vietnam and Cambodia. “This general rate increase […]
The Panama Canal Authority said a record amount of shipping passed through the waterway during the fiscal year that ended Sept. 30. The canal uses an unsual measurement known as “Panama Canal tons” to measure volumes, but said ships with 333.7 million Panama Canal tons (PC/UMS) used the waterway, 3.6 percent more than 322.1 […]
Fabricius The global logistics and forwarding company Damco has appointed Pernille Fabricius as its global chief financial officer, effective Oct. 1. Fabricius previously served as CFO for the TMF Group, a financial, legal and human resources business process outsourcing company that does business in 75 countries. She was also in charge of operations of the […]
The bulk shipping trade association Intercargo has appointed John Platsidakis to chairman. Platsidakis is currently managing director of Piraeus-based Anangel Maritime Services, a position he will continue to maintain alongside his role as Intercargo chairman. The appointment was made at Intercargo’s Annual General Meeting in London on Tuesday. Intercargo represents more […]
Maritime service provider Inchcape Shipping Services has appointed Nigel Pusey to chief commercial officer. The newly created position focuses on commercial strategy for ISS and development of products and services. Pusey has extensive senior management experience in the shipping sector, including working for P&O Nedlloyd as chief commercial officer, corporate finance director, and […]
The U.S. Council for International Business has appointed Barbara Wanner to vice president for information, communications and technology. Wanner comes to USCIB from the Coalition of Services Industries where she was director of the Global Services Summit and played a role on information and technology policy. “She brings over 30 years of experience […]
The A.P. Moller-Maersk Group, parent company of Maersk Line, outlined plans to grow two of its major units outside of liner shipping. The company said its Maersk Oil division plans to increase oil production by 50 percent by 2010 to 400,000 barrels a day. Currently, Maersk produces about 265,000 barrels per day. […]
by Cheryl Garcia, regional vice president, Global Transportation Relationship Management, U.S. Bank Freight Payment Nissan North America’s Smyrna, Tennessee assembly plant just south of Nashville is a sight to behold – more than 5 million square feet dedicated to building some of the best cars on the road. It also represents a supply chain […]
INTTRA on Tuesday released its Shipping Application Delivery Platform for rapid integration and deployment of individual applications of solutions in existing logistics, transportation management or ERP systems. “Now shippers and software providers for the shipping industry can quickly and economically embed INTTRA’s capabilities to extend and enhance their own shipping solutions,” the company said. […]
The U.S. Justice Department has charged a Customs and Border Protection officer, his girlfriend and an associate in Brownsville, Texas, for engaging in a multi-year bribery and alien smuggling operation along the U.S./Mexico border. The indictment, which was unsealed Friday in U.S. District Court in the Southern District of Texas, charged CBP Officer […]
The committee report released Monday said Huawei’s “assertions denying support by the Chinese government are not credible.” Huawei and ZTE were dinged in the report for disregarding intellectual property rights.
Memphis, Tenn.-based IMC Cos. has acquired more than 1,500 container chassis from OOCL (USA) and is speaking with other trucking companies about creating a pool to buy chassis from other ocean carriers.
She recently withdrew her name for consideration as the permanent port director and resigned her post to take advantage of the opportunity in Houston, Bill Terry, chairman of the Port Freeport commission, said.
The World Bank on Monday downgraded its economic projections for the Asia-Pacific region this year, saying the region would experience 7.2 percent growth compared to 8.2 percent in 2011. Both figures are a sharp decline from the region’s 10 percent growth rate in 2010. In May, the World Bank predicted the Asia-Pacific region […]
The research firm forecasts continued growth in perishable reefer cargo for 2012, and said “beyond that, population growth levels and GDP levels will see trade increase at an average rate of over 4 percent a year to 2016.”
France’s Bollore Group plans to invest $79 million to improve infrastructure and double container terminal capacity by 2015 at the Port of Abidjan in the Ivory Coast, the company said Monday. Abidjan is the second largest port in West Africa, after Lagos, but facilities are in need of an upgrade after neglect due […]
PeopleNet, a provider of onboard computing and mobile communications systems for fleet management, said trucking company J.B. Hunt Transport Services has picked it for fleet-wide EOBR (electronic onboard recorder) and onboard computing needs. “PeopleNet will help us more easily comply with regulations and advance our commitment to safely sharing the roads with the […]
