The U.S. Export-Import Bank has approved a $4.975 billion direct loan to Sadara Chemical Co. for the export of American goods and services required to build a petrochemical complex at Saudi Arabia’s Jubail Industrial City II. According to estimates calculated from U.S. Census Bureau statistics, the financing will support about 18,400 American jobs, […]
In late August, CEVA Logistics secured a massive contract with H.J. Heinz Co. to manage the food company’s global ocean freight transportation for five years. The deal is noteworthy because of the contract’s length, compared to typical freight forwarding contracts of one to three years, or less, and the volume — 60,000 TEUs […]
The July purchase of logistics service provider Kewill by a private equity firm is allowing the company to get back to basics and invest in its core compliance operations by removing the pressures of Wall Street. “This was an acquisition and a take-private program. We see a huge upside benefit in that now we […]
By Walter Kemmsies, chief economist, Moffatt & Nichol Recent actions by central banks around the world indicate the near-term global economic outlook is improving, but even assuming that the United States delays the “fiscal cliff, ” it is difficult to expect high growth and therefore the intensity of competition that such an environment spawns […]
Hewlett-Packard’s decision four years ago to move a chunk of its personal computer manufacturing operations to central China from the Shanghai region, on the coast, was made possible by the adoption of innovative transport routes and a greater focus on social and environmental responsibility, according to a top company executive.
Agency takes global approach to food and pharma supply chain protection. By Eric Kulisch The U.S. Food and Drug Administration, faced with an expanded mandate to ensure the public safety of food and pharmaceuticals, is developing a new strategy to deal with huge growth in consumption of foreign and domestically produced products without any […]
This month’s cover story addresses the idea that the top global liner carriers must adjust to a new era of reduced demand growth from North America and Europe. So it came as a welcome bit of justification when two of the world’s top liner executives acknowledged in mid-September that demand for liner carrier […]
Nothing comes for free these days. Even clean air. On Aug. 1, a new regulation requiring ocean carriers to burn low-sulfur fuel within a 200-mile coastal corridor of North America came into effect. So it was little surprise that carrier members of the Transpacific Stabilization Agreement announced in late August they had […]
Shifting demand patterns will change the way the Top 20 liner carriers serve shippers. By Eric Johnson The depth of the eurozone crisis has peeled back the layers of a looming threat within the container shipping industry, one that could potentially reshape alliances and liner carrier networks in the coming decade. Like a […]
With new intermodal yard in Decatur, ADM can move containers efficiently in the U.S. and Canada. By Chris Dupin Archer Daniels Midland Co., the agriculture giant that advertises itself as “supermarket to the world,” also places a high value on maintaining a reliable supply chain for its customers. The need for transportation alternatives has been […]
The United States is undergoing the biggest fundamental change to its export control regime in a generation, but risks stalling and losing out on the much needed reform benefits for American shippers. Many of the country’s export controls were formulated more than 30 years ago when the United States and its allies were […]
By Alan Spear, TAPA Americas’ chairman and U.S. director of cargo security loss control for Chartis Some years ago I had occasion to travel through Japan and was awaiting a flight to Chicago at Tokyo’s Narita airport. It was a lovely sunny day, and a brand new Japan Airlines Boeing 777 was parked…
In this lawsuit (Channel Fabrics, Inc. v. Hartford Fire Insurance Company. U.S. District Court, S.D. New York. No. 11 Civ. 3483. Aug. 13.), Channel Fabrics alleged Hartford had improperly denied its insurance claim. On or about April 15, 2010, Channel shipped a number of bales of woven fabric from Shanghai to a buyer […]
Contentious contract negotiations this summer between union longshoremen on the U.S. East and Gulf coasts and their employers have taught shippers an abject lesson: shipping goods internationally is not the same as buying a product at a store.
AirNet Cargo Charter Services has gone through a dramatic transformation over the past several years.
The National Transportation Safety Board on Sept. 5 recommended the Federal Aviation Administration require large airplanes to be equipped with an anti-ground collision device, such as an on-board external-mounted camera system, to provide pilots a clear view of the plane’s wingtips while taxiing and avoid clipping other planes or objects. Pilots of […]
3PLs switch perspective on IT integration and data sharing with shippers. By Geoff Whiting As systems expand and information moves across companies at lightning speeds, third party logistics service providers are changing their mindset from data hoarders to profound information sharers to secure customers. To keep services cheap and easy, 3PLs […]
C.H. Robinson paid a premium to win a bidding war for Chicago-based freight forwarder Phoenix International. Company officials say Phoenix’s growth potential as a high-quality operator easily justified the price and analysts said Robinson likely would realize a healthy return on investment in the long term. The Minneapolis-based company is one of the […]
Chief Financial Officer Rodney Oliver will become the port’s interim executive director, taking over for Jerry Bridges who is scheduled to step down as head of the state agency at the end of October.
The Indonesia Port Corp. II has chosen a service from SOGET and Microsoft to implement what it calls the largest port community system in the world, beginning with Jakarta before expanding to other Indonesian ports.
