“In total the carriers have announced increases adding up to more than $4,000/TEU. This illustrates that despite the actually achieved increase, it has not been straightforward to obtain,” SeaIntel said. Profit struggle continues.
Infosys, a global provider of supply chain visibility software, has launched a new system for infrastructure testing. The platform contains services that cover an entire infrastructure lifecycle, from the development of new hardware through a lifetime of integration, migration, and operation. Infosys said companies can use its tools to test systems and […]
The Chinese carrier indicated poor freight rates in the bulk market, as well as high fuel prices, are to blame. It lost more than $1 billion on its liner operations, and more than $1.6 billion at the group level, in 2011.
The Busan Port Authority said Friday that it has named Lim Ki-tack to president. He succeeds Roh Ki-tae, whose four-year tenure ended July 17. Lim was a former Korean Maritime Safety Tribunal commissioner and has 30 years experience in the domestic and international maritime and shipping industry. He also served six years as a diplomat […]
Chicago-based Echo Global Logistics, a transportation and supply chain management company, has acquired all of the assets of Shipper Direct Logistics, a truckload transportation brokerage based in Nashville, Tenn. Shipper Direct is now doing business only under the Echo Global name. Shipper Direct was a non-asset-based transportation service provider that focused on truckload transport […]
Integrated logistics provider UPS has promoted Tim Davis to president of The UPS Store, the retail shipping, postal, printing and business service unit designed to meet the shipping needs of small businesses. Davis has served as vice president of operations for The UPS Store network since 2009 after joining the company in 2002 as […]
Non-vessel-operating common carrier Shipco Transport has opened an office in Xiamen, China. The new office is in the middle of the Haicang and Xingyu Terminal. Justin Sun will serve as general manager of Shipco’s Xiamen office. Currently, Shipco offers direct consolidation services from Xiamen to Los Angeles, Chicago, New York, Seattle, […]
Southwest Airlines Cargo has partnered with Evergreen Aviation Ground Logistics Enterprise to provide cargo handling services at the Milwaukee airport, effective Monday. The airline had been temporarily using Road Feeder Service between Milwaukee and Chicago Midway airport. Southwest also said its Support Care Center will also accept bookings to transport human remains. […]
Liner carriers are doing their utmost in these economically depressed times to prevent their operations from becoming just another humdrum commodity-based business. To do this, some carriers are making concerted efforts to increasingly court shippers with new customer service offerings. In mid-July, Maersk Line unveiled its Web-based MyFinance suite aimed at making […]
In a 2-1 decision revolving around careful documentation, record retention, and e-commerce systems, an appellate court upheld the U.S. Court of International Trade’s denial of a claim by Ford Motor for a harbor maintenance tax (HMT) refund. (Ford Motor Company v. United States. Fed. Cir. No. 11-1224. April 2012.) HMT was created by […]
Two Nova Scotia ports with deep water, intermodal links vie for large containerships. By Chris Dupin Two communities in Nova Scotia – about 70 miles apart — are seeking to build large new marine terminals and emulate the success of Prince Rupert, British Columbia, which has attracted growing quantities of container traffic by […]
Industry enhances systems to better coordinate goods, services during disasters. By Geoff Whiting When disaster strikes, it’s only natural for companies to want to help. However, this may be easier said than done especially if communications, electrical power, and transportation infrastructure are severely impaired. Sometimes a rush of supplies to a disaster […]
By Randy Mullett vice president of government relations and public affairs, Con-way Inc. In 2009, the American Clean Energy and Security Act, also known as the Waxman-Markey bill, was at the center of intense debate and discussion…
As the United States prepares to begin enforcing its new low-sulfur fuel requirements for ships operating in coastal waters this month, experts are worried about the availability and cost of fuel both now and as the environmental regulations ratchet up in the years ahead.
The project cargo business has been one of the more stable sectors of the shipping industry in recent years and continues to have a fairly bright outlook.
AlixPartners starts maritime restructuring and advisory practice for carriers. By Eric Johnson The global business advisory firm AlixPartners is a well-known name in the circles of financial restructuring and business performance. So what better arena to apply those principles than to the beleaguered maritime industry? In late April, the company announced […]
Data accuracy is utmost critical to keeping containers and payments moving. By Eric Johnson If you’re looking for excitement in container shipping, documentation accuracy isn’t exactly the most goose bump-inducing topic. But it may well be one of the more critical aspects of a shipment. Incorrect bills of lading or […]
Every once in a while, shippers get a detailed view into an area that’s typically opaque: carrier operating costs. One such occasion popped up in late June when Juergen Pump, senior vice president at Hamburg Süd North America, described for attendees of the Agriculture Transportation Coalition’s annual meeting the costs of a single […]
U.S. Customs and Border Protection wants to make filing Air Cargo Advanced Screening (ACAS) data as flexible as possible for freight forwarders. Officials have consistently stated they don’t intend to require a carrier to re-transmit shipment data from the air waybill submitted by the forwarder to Customs. Some forwarders are still nervous […]
U.S. forges common screening standard with Canada, EU to minimize impact on trusted shippers. By Eric Kulisch The Department of Homeland Security has recognized the screening protocols of Canada and the European Union for air cargo on passenger aircraft as meeting U.S. requirements, effectively eliminating a redundant layer of security for inbound shipments and […]
