The liner carrier CMA CGM said Friday it will raise rates on the Asia-Europe trade in both directions over the coming weeks. The line will first seek to hike westbound headhaul rates to Europe by $300 per TEU from Sept. 1. The increase is applicable from all origins, including Japan, Southeast Asia and […]
Global Industry Analysts (GIA) has projected the global third party logistics (3PL) market to reach $1.35 trillion by the year 2018, driven by globalization of trade and the ever-increasing need for freight capacity and effective logistics management. According to GIA, a publisher of off-the-shelf market research, logistics efforts will continue to grow more […]
TOTE, Inc. has appointed Philip H. Greene Jr., a retired rear admiral of the U.S. Navy, to vice president. After 32 years in the Navy, Greene served as the eleventh superintendent of the U.S. Merchant Marine Academy at Kings Point, N.Y. Most recently he was the U.S. Transportation Department chairman at the National Defense […]
BizSlate has been developing a supply chain management system with the help of a committee of small business managers for the past 11 months. The service has reached its second testing stage and is still on track for a 2012 release.
Evergreen Line has confirmed that it has started a new Asia-Europe service with Hanjin Shipping, ending a service arrangement with China Shipping on the same trade. Last week, it was reported by maritime news outlets that the line had dropped out of the service it jointly ran with China Shipping, the AEX1/CEM loop, […]
The U.S. Army has added requirements to its project to modernize logistics at its installations, according to a release from Northrop Grumman Information Systems. In response, Northrop Grumman and the Defense Department have adjusted their contract around the Global Combat Support System (GCSS-Army). Northrop Grumman is working with the Army to develop a single Web-based system […]
NRF, in partnership with its member companies, has launched an Integrated Mobile Initiative (IMI), which it bills as a first-of-its-kind initiative to act as a single source of information around challenges and opportunities with mobile retailing.
Trade Technologies, a global provider of international trade document solutions, has opened a new sales office in Vancouver to further its relationships with Canadian exporters. The new center will be managed by Winney Chow, who has more than 15 years in trade finance and exports. From its 12 offices in Asia, Europe and North […]
The agency is expected to announce rules on Aug. 22. The provisions are part of the sweeping Dodd-Frank financial reform legislation.
The liner carrier held a naming ceremony Friday for its largest ever vessel, the 13,200-TEU Hamburg Express, the first of a series of 10 vessels ordered in December 2010 to be deployed on the Asia-Europe trade.
The liner carrier Mediterranean Shipping Co. said Friday in a customer notice that it’s stopping all service to and from Iran with immediate effect. “This restriction also applies to cargo which is booked to Iran via ports in other countries,” the line said. “All bookings of cargo to and from Iran which is […]
The Swiss logistics company Panalpina is introducing new technology to better monitor temperature-controlled air freight. Panalpina says one-fifth of the air cargo moved on some routes within its own controlled air freight network, for example its Luxembourg-Huntsville, Ala. route, is temperature-sensitive. Most of that cargo is health care-related, though the company said temperature-controlled cargo can include […]
The carrier’s cargo division on Friday launched its first scheduled freighter service to South America, connecting Singapore, Hong Kong, Dallas-Fort Worth International Airport and Sao Paulo, Brazil.
The law firm Holland & Knight is cautioning shipping companies that the U.S. government has “significantly ratcheted-up sanctions against Iran with a new presidential executive order and new legislation.” In an alert to clients, the frim said “together, these new sanctions substantially restrict the types of trade that the international shipping community can continue […]
An Italian shipowner and its chief engineer on one of its ships were sentenced Wenesday in federal court in Mobile, Ala., for deliberately falsifying records to conceal discharges of oily wastewater into the sea. Giusseppe Bottiglieri Shipping Company S.P.A. was sentenced by U.S. District Court Judge Ginny Granade in the Southern District of […]
More than 100 people at the FedEx Express air cargo hub in Memphis, Tenn., were treated at the scene, and two others hospitalized as a precaution, after an ingredient used to make hot sauce spilled, according to the Associated Press and Memphis Commercial Appeal. Local fire officials said a forklift punctured a 5-gallon container […]
Mediterranean Shipping Co. said Thursday it plans to hike U.S. export rates to Georgia in two stages over the coming weeks. The line will raise rates by $150 per TEU on both Sept. 1 and Oct. 1 “in order to maintain the high level of service.” The ports in Georgia affected by […]
Air Canada has selected CHEP Aerospace Solutions to supply and manage its fleet of cargo equipment, known in the airline industry as unit load devices (ULDs). CHEP will acquire Air Canada’s existing fleet of more than 8,000 containers and pallets and integrate them into its shared ULD fleet over time, taking CHEP’s total […]
FedEx Trade Networks, the freight forwarding arm of FedEx Corp., has started operations in Glasgow, Scotland, as part of its ongoing expansion initiative. This is the third FedEx Trade Networks office to open in the United Kingdom and will offer customers increased access to major global markets and the company’s range of forwarding […]
