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 […]
Third-party logistics provider Kane Is Able has appointed Don Mogan to vice president of customer solutions, and Adam Zaranski to director of customer solutions as part of its business development team. They will report to Scott Moran, Kane’s executive vice president of business development and marketing. Mogan, a 25-year logistics industry veteran, has […]
Americold, a temperature-controlled warehousing and logistics provider to the food industry, appointed Allison Aden to executive vice president and chief financial officer. In this role, Aden is responsible for domestic and international financial strategy, reporting to Jeffrey M. Gault, president and chief executive officer of Americold. She joins the company after serving […]
The Retail Industry Leaders Association (RILA) has appointed David Jackson as senior director of customs and industry compliance. Jackson is an international trade attorney with experience representing companies on import, export, and foreign trade zone matters. At RILA, he will support the association’s members on Customs issues as well as broader regulatory compliance. […]
HID Global, a provider of logistics-oriented radio frequency identification (RFID) tag solutions, was picked by Bodega Norton winery in Argentina to refine its harvesting process. The Irvine, Calif.-based firm, in partnership with system integrator Fundación Ada Byron (FAB), worked with Bodega Norton to develop a solution to replace a cumbersome, outdated tracking system […]
TSC Container Freight, the non-vessel-operating common carrier and freight forwarding arm of The Scoular Co., will enhance its rail service visibility by deploying Descartes Systems Group’s IES Web Tracking solution. In addition, TSC Container Freight has expanded its relationship with Descartes by adopting Descartes’ cloud-based Ocean AMS (Automated Manifest System). “Reliable and cost-effective […]
Accellos, a Colorado Springs, Colo.-based provider of supply chain software, said Accel-KKR has made a “strategic” equity investment in its business. Accel-KKR is a leading technology-focused private equity firm with over $2.3 billion of assets under management. The firm focuses exclusively on middle-market software and technology companies with strong growth profiles. Details of the […]
State officials, including the Virginia Port Authority (VPA), are still considering offers from APM Terminals and RREEF, the real estate arm of Deutsche Bank, to take operational control of the state’s marine terminals.
The service will link northeast China with Fujian in southeast China and Shantou in south China’s Guangdong province. “This move is just the start of an intensive cooperation in domestic container shipping.” China Shipping said.
H.S. “Smitty” Thorne has been named deputy director and chief operating officer of the Alabama State Port Authority, which owns and operates the state’s deep-water port facilities at the Port of Mobile. Thorne will have oversight of the day-to-day administration, marketing and operations at the port. “This move will help alleviate increasing demands […]
