Cathay Pacific and sister airline Dragonair saw July air freight volume plummet 10.5 percent year-on-year. The two airlines carried 125,343 tons of cargo last month, with their combined load factor down by 1.9 percentage points to 64.7 percent. Capacity decreased by 11.4 percent. For the year to date, tonnage has declined 9.9 percent […]
“Contrary to popular belief, low-cost imports do not necessarily drive down the prices of U.S. consumer goods,” the AIER said. “What does affect prices is the rate of growth in the money supply.”
COSCO Container Lines said Tuesday it plans to raise rates on the eastbound Europe-Asia trade in September. The increase, $150 per TEU and $300 per FEU, is applicable to Northern European, Mediterranean, and North African origins and all Asian destinations, including the Indian Subcontinent. The line will begin implementing the increase from Sept. […]
Two shipping companies that specialize in moving project and heavylift cargo – Houston-based Intermarine and Denmark’s Scan-Trans Holding -announced Wednesday that they are merging. The combined companies will operate under the Intermarine name and have a fleet of more than 50 multipurpose and heavylift vessels with lifting capacities of up to 800 metric […]
The initial phase of the demonstration program is currently limited to the air cargo mode and will run through December 2013. Filers only need to submit about half the information required on the standard customs entry.
Tideworks Technology, a developer of full-service terminal management and planning software, has announced that Vale New Caledonia (Vale NC), at Prony Port in New Caledonia, and GIE Nouméa Port, also in New Caledonia, have gone live with the company’s terminal operating system (TOS). Tideworks said it has successfully implemented the TOS at both […]
“If an index on container rates might prove useful to exporters of agricultural products, such an index should be created by private interests and not an agency of the federal government, especially a regulatory agency like the FMC,” NIT League said.
Virginia Transportation Secretary Connaughton said “we are now in the process of reviewing the proposals to determine whether the documents satisfy the minimum submission criteria set out in the request for alternative proposals.”
Import cargo volume at the nation’s major retail container ports is expected to increase 6.3 percent in August, compared with the same month in 2011, according to the latest monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. The report forecasts container volume growth for 2012 of […]
In its updated release of the Kewill Flagship version 5.2, global trade and shipping logistics service provider Kewill has launched a new module that will enable shippers of all sizes and geographies to onboard new carriers and services with increased flexibility and speed. Kewill’s new Universal Carrier Module (UCM) is designed to provide […]
The trade intelligence firm Zepol Corp. said Monday it has developed a new database that allows users to see companies that export from the United States, along with the products they send and countries of the world where the shipments are headed. The database, which Zepol calls TradeIQ Export, houses U.S. export bills […]
U.S. Customs and Border Protection announced that it’s indefinitely postponing its C-TPAT conference that had been scheduled for the fourth week of September because of scheduling and logistics challenges. The agency previously moved its popular Trade Symposium from late September to Oct. 29-30. Registration for the East Coast version of the Trade Symposium is […]
Unions are backing President Obama in the November election. The AFL-CIO’s Transportation Trades Department put out the following statement regarding Republican candidate Mitt Romney’s selection of Rep. Paul Ryan, a deficit hawk who has proposed drastic cuts to government spending to deal with the nation’s debt problem, as his vice presidential running mate: […]
Global supply chain and retail technology provider RedPrairie has acquired Toronto-based Vortex Connect, a leader in best-of-breed mobile workforce management solutions focused on real-time business-to-employee communications and operations. RedPrairie said it will combine its existing Enterprise Workforce Management with the newly acquired Vortex mobility platform to create a single source of mobile-enabled solutions […]
FORTE, a design-build company for supply chain distribution, has hired Larry Boroff to be its director of automation systems engineering. In this position, Boroff is responsible for leading FORTE’s automation implementation projects, as well as overseeing technical support for the company’s consulting practice. Boroff joins FORTE from Amazon Fulfillment Services where he served as the […]
The first half loss represents a major swing from the nearly $42 million in profits the carrier secured in the same period in 2011. But the second quarter profit is 18 percent higher than that in second quarter of 2011.
BDP revealed earlier this year that it was speaking to private equity investors to help it grow and diversify capital sources, but decided after a seven month review that the Bolte family will retain full control of the company.
The commander of Egypt’s navy has retired from his post to take up the top spot at the Suez Canal Authority, news outlets in the country reported this week. Mohab Mamish, head of the navy since 2007, made the move on the order of new President Mohamed Morsy. Mamish takes over from […]
Agility, the Kuwait-based logistics company provider, said it had a profit of 7.8 million Kuwait dinar ($27.6 million) in the second quarter 2012, about equal to what it earned in the same period in 2011. Revenue in the quarter was 348.8 million dinar, 6 percent more than the 330.6 dinar recorded in the […]
CEVA Logistics on Monday said it has expanded the ancillary services to its less-than-containerload (LCL) ocean freight network in the U.S. Midwest. CEVA augmented its LCL services in the U.S. Midwest by bringing all inbound consolidation containers into its own container freight station in Elk Grove Village, Ill., with onward distribution within the […]
