The Israeli liner carrier said Tuesday it benefited from an industry-wide turnaround in the second quarter, with operating profit of $1 million in the period, compared to a loss of $79 million in the same quarter of 2011.
Inspectors finally got a look at the stricken containership MSC Flaminia Tuesday after adverse weather Monday pushed back a scheduled inspection off the coast of England. A team of international inspectors was joined by one from the German Central Command for Maritime Emergencies, with results of the inspection due in the coming days, the […]
Contract talks between the ILWU Marine Clerks Association Local 63 Office Clerical Unit (OCU), and the Los Angeles/Long Beach Harbor Employers Association, are reportedly in danger of breaking down, worrying West Coast shippers.
INSIGHT Inc. is preparing its operations to tackle the cap-and-trade restrictions being put in place in the United States as it believes California’s adoption of regulations foreshadow things to come. INSIGHT, a provider of supply chain planning software, is adding cap-and-trade plans to its C-Suite after the California Air Resources Board (ARB) established a new […]
RedPrairie has announced that its warehouse management system (WMS) increased in total market share by growing at a faster pace than the overall WMS market in 2011, coinciding with news of the availability of its RedPrairie WMS 2012.1. The company’s latest release features better integration with RedPrairie Workforce Management (WFM) and offers a hosted […]
Maersk Line said it plans to hike rates from the Far East to Asia, starting Sept. 19. The increases are $400 per 20-foot container, $500 per 40-foot container, $565 per 40-foot high-cube container and $635 per 45-foot high-cube container for local and store-door Vancouver shipments. For mini-landbridge, intermodal and all-water shipments, the increases […]
Rickmers-Linie said Wednesday it will add Nagoya to the rotation of its Round-The-World (RTW) Pearl String service from September. The Japanese port will be served on a monthly basis, linking to the service’s other calls in Houston, New Orleans, Savannah, Philadelphia, Antwerp and Hamburg. The service also offers additional relay opportunities over Rickmers’ […]
North American 3PL Wheels Group Inc. has signed a definitive purchase and sale agreement for the acquisition of MSM Group of Cos. Wheels, a non-asset provider of supply chain logistics services, said it expects the MSM purchase to close before the end of September. MSM provides less than truckload (LTL) freight brokerage, LTL […]
The Transpacific Stabilization Agreement (TSA) said its members will apply a low-sulfur fuel charge beginning on Oct. 1. The discussion agreement of 15 of the leading container carriers said the charge will be based on the price differential between low-sulfur and standard marine bunker fuel and how much time a ship spends within […]
Transplace, a non-asset-based third party logistics provider, said Great Lakes Brewing Co. has selected it to manage outbound transportation from its warehouse to distributors throughout the Midwest. The Ohio-based microbrewery produces more than 100,000 barrels of beer each year and sells it in 13 states and Washington, D.C. Transplace, headquartered outside Dallas, will […]
The freight forwarder and logistics services provider Damco has appointed Steve Hoffman as global head for the company’s industrial vertical. Hoffman will be responsible for developing the global strategy for Damco’s customers within the areas of industrial manufacturing. Hoffman has more than 30 years of industry experience in operations, business development and […]
The Chilean division of German pharmaceutical giant Bayer Healthcare has selected global third party logistics provider Kuehne+Nagel to manage logistics activities in country, including warehousing, laboratory testing for imports, quality control, repackaging and labeling and distribution. K+N, the second largest freight forwarder in the world, said it will handle all of Bayer’s products as […]
IBM will acquire Kenexa Corp. for about $1.3 billion to enter the Web-applications market and compete with Oracle and SAP, adding another campaign to the information technology services arms race.
The Royal Bank of Scotland said it will use Trade Technologies’ global trade management (GTM) software to receive online presentations of trade documents from exporters. Trade Technologies, which provides international trade documentation services, said its GTM will automate the process of delivering original UCP 600 compliant letters of credit via the Internet to […]
The agency has made several improvements to its Compliance Safety Accountability (CSA) enforcement program that will allow it to more quickly identify and address high-risk trucking companies with compliance concerns.
The German liner carriers Hapag-Lloyd and Hamburg Sud said this week they have initiated a slot-swap agreement on the trade between the U.S. Gulf Coast, Central America and the east coast of South America. Hapag-Lloyd will take slots on Hamburg Sud’s SAEC service, while Hamburg Sud will do the same on Hapag-Lloyd’s GS1 service. […]
Ocean freight transportation activities came to a halt late yesterday in several U.S. Gulf coast ports as Tropical Storm Isaac bears down on the Louisiana coast, taking aim at New Orleans seven years after Hurricane Katrina ravaged the city. Forecasters said Isaac could gain strength during the day and become a hurricane, with New […]
“Spot rates have moved considerably lower, while contract rates have held steady or continued to move up albeit at a slower rate than experienced earlier this year or last year,” investment bank Stifel Nicolaus found in a survey.
OOCL has joined a growing group of liner carriers seeking to raise rates on the westbound Asia-Europe trade. The Hong Kong-based line said Monday it will hike rates by $250 per TEU from Sept. 10. The increase is applicable to shipments from the Far East (including Japan), the Indian Subcontinent, and the Middle […]
The maritime services provider Inchcape Shipping Services (ISS) has opened a new office in Dutch Harbor, Alaska. “The opening of this office will give ISS a much needed presence in this area of Alaska,” said Tod Gannett, Inchcape’s vice president for the U.S. and Canada West Coast and Hawaii. “This will allow us […]
