Talks between the International Longshoremen’s Association and U.S. Maritime Alliance on a new labor contract will continue this week with assistance from the Federal Mediation and Conciliation Service (FMCS).
Non-vessel-operating common carrier Troy Container Line will add new LCL services to and from South America this month. Weekly service will begin out of New York on Oct. 18, and includes Argentine destinations Buenos Aires, Rosario and Córdoba, as well as Montevideo, Uruguay and Santos, Brazil. Troy will work with Argentina-based MSL to […]
Strong performance by its intermodal business helped J.B. Hunt Transport Services report a profit of $78.2 million in the third quarter ending Sept. 30, compared to $68.7 million in the same 2011 period. Revenue was $1.05 billion in the quarter, compared to $947 million in the third quarter of last year. J.B. Hunt […]
Marygrace Collins, vice president of New York-based Bulkore Chartering, was elected president of The Federation of National Associations of Shipbrokers and Agents (FONASBA) at the organization’s 43rd annual meeting in Venice on Friday. She succeeds Christakis Papavassiliou who steps down after a two-year term as president. Based at London’s Baltic Exchange, FONASBA is […]
Chicago-based law firm Freeborn & Peters LLP has formed a transportation team. The industry-focused group will address the legal needs of companies across the transportation sector, particularly those in the trucking, railroad, logistics and intermodal segments. The team, which includes 13 attorneys, will be led by Cindy Bergmann, a partner in the […]
The U.S. Commerce Department on Thursday reported the country’s exports fell 1 percent in August to $181.3 billion. Imports also declined 0.1 percent to $225.5 billion. Overall, the August U.S. trade deficit increased 4.1 percent from July to $44.2 billion. The Obama administration said a bright spot in the August trade figures […]
The Danish carrier said Thursday it has permanently deleted a service between Asia and the Black Sea and will also suspend a service connecting Asia with Northern Europe and the Mediterranean until December.
The proposed UPS takeover of TNT Express could be on the rocks, according to reports this week from Reuters and the Financial Times. Delays in obtaining regulatory approval of the 5.2 billion euro ($6.5 billion) deal last spring between two of the world’s Big 4 integrated express carriers were the first sign of potential […]
Maher, which has a 445-acre terminal in Elizabeth, N.J., said in complaint filed at U.S. District Court in Newark that the port authority’s charges and fees are unlawful because they recover the agency’s “local sponsor share.”
The Virginia Port Authority announced Wednesday that it approved a 20-year lease with ecoFUELS Pellet Storage LLC, a Virginia company that exports wood pellets to Europe for biomass energy production.
The liner carrier said the service will provide coverage of other East Mediterranean and North African ports through relay services via Port Said, as well as access to a number of Black Sea ports through relay services at Istanbul.
The Port of Virginia handled 182,318 TEUs in September, an increase of 11 percent when compared with totals from the same month last year. Year-to-date, the port has handled 1,546,087 TEUs vs. 1,427,008 TEUs handled during the same period last year, an increase of 8.3 percent. Rodney W. Oliver, interim executive director […]
Hong Kong Air Cargo Terminals Ltd. (Hactl) has appointed Vivien Lau to managing director of its Hacis (Hong Kong Air Cargo Industry Services Ltd.) subsidiary. She replaces Kenneth Bell, who was transferred to Tradeport as chief executive. Lau has worked for various companies fully or partly owned by the Jardine Matheson Group […]
InterManager, an international trade association for in-house and third-party ship managers, has appointed Gerardo Borromeo to president. Borromeo, who was elected unopposed at Thursday’s InterManager meeting in Copenhagen, succeeds Alastair Evitt, managing director of Meridian Marine Management, who has completed his two-year term as president. Borromeo is vice chairman and chief executive […]
An item in Thursday’s AS Daily incorrectly reported the percentage to which FedEx’s profit expansion target is correlated to U.S. economic recovery. According to a note from the investment bank Stifel Nicolaus, 40 percent of FedEx’s increased profit goals by 2016 are tied to global economic growth.
Founded in 1959, UOS provides marine transportation services for dry bulk and break-bulk commodities in the United States. It operates the largest U.S.-flag Jones Act dry bulk fleet today (131,000 deadweight tons).
Just over one month after slowing to a seven-week rotation, ocean carrier Maersk Line has added an eighth vessel to its weekly Middle East-to-South Africa MESA service, further increasing roundtrip voyage time from 49 days to 56 days.
The amendments made by the liner carriers include deleting a call at Port of Kelang on their EUM/MED service to the Mediterranean and adding a call at Le Havre on their Loop 4 service to Northern Europe.
