Intelligrated, a North American provider of automated material handling solutions, services and products, confirmed today it has been acquired by a holding company owned by Permira, a European private equity firm, in a transaction valued at more than $500 million. Intelligrated will continue to be led by founders Chris Cole and Jim McCarthy, […]
Con-way Inc. said it had 2012 second-quarter profit of $41.8 million, compared to $29.4 million in the same period last year. Revenue for the 2012 second quarter (after intersegment eliminations) was $1.45 billion, a 7.2 percent increase from last year’s second-quarter revenue of $1.35 billion. The company said Con-way Freight, its less-than-truckload […]
The Port Authority of New York and New Jersey said the ExpressRail system that serves its marine terminals handled 228,298 containers in the first six months of the year, 10 percent more than in the first half of 2011. Rail volume grew much more quickly than container volume at the port which was 1,583,709 containers […]
Swissport, a provider of ground services to the aviation sector, has chosen SysAid to deploy its IT Service Management (ITSM) helpdesk software to run Swissport’s IT operations in the United States. Swissport will use SysAid to manage its internal IT department, including the help desk and asset management. Swissport said it went with […]
Service Parts Logistics (SPL), one of Africa’s largest information technology parts distributors, has released a new reverse logistics and parts management software called iSuppli – not to be confused with the global market research firm of the same name. iSuppli will give service providers visibility into their returned parts moving through the supply chain. The company […]
Tropical Shipping, which primarily transports containerized freight to the Bahamas and the Caribbean, moved 40,000 TEUs in the second quarter ending June 30, up from 36,500 TEUs in the same period last year. Volumes were reported by AGL, an Atlanta-based natural gas utility which acquired Tropical in December as part of its purchase of the Illinois […]
The U.S. arm of AMI, a large air freight and express space wholesaler, has centralized its Spot Rates department at its U.S. headquarters in Dallas. The action replaces separate, smaller operations in its other offices in New York, Chicago, Los Angeles and Atlanta. The new department has four full-time staff, headed by […]
The Japanese ocean carrier “K” Line on Wednesday released internal schedule reliability metrics on five trades for the months of April through June, with a comparison to the first quarter of 2012. “K” Line has joined a growing list of carriers that are reporting such information publicly, including compatriot line MOL and Singapore’s APL. […]
The decline in coal traffic this year is having the salutary effect of improving overall service on freight railroads in North America, according to Larry Gross, a senior consultant for Indianapolis-based econometrics firm FTR Associates. Railroads are running about 8 percent faster than in 2011 because there are fewer unit coal trains on […]
Trailer Leasing Alliance (TLA), based in Wayne, Pa., has started full-service trailer leasing operations with 16,000 late model 53-foot trailers. These trailers were recently acquired by US Trailer Holdings. TLA is the newly formed joint venture owned by Milestone Trailer Leasing of Tiburon, Calif., and Bowman Sales and Equipment in Hagerstown, Md. […]
The logistics service provider Globe Express Services said Wednesday it has recently opened a roughly $10 million industrial warehouse and office complex in Dubai’s Jebel Ali Free Zone. The 67,449-square-foot warehouse has six loading doors and space for 4,780 pallets. “Our investments to build the Jebel Ali warehouse and office facility is a […]
Saddle Creek Logistics Services, based in Lakeland, Fla., has appointed Duane Sizemore to senior vice president of marketing and business development. Sizemore takes over from Stephen Cook, Saddle Creek’s long-time head of marketing and business development. Cook will become vice president of strategic development, based in St. Augustine, Fla. Prior to joining […]
WCT World Container Trading GmbH of Germany has appointed Olaf Gayko to managing director. Gayko’s experience includes management of container trading and leasing. WCT started operations in 1998.
Matson Navigation Co. President and Chief Executive Officer Matthew J. Cox will receive a Connie Award from the Containerization & Intermodal Institute (CII) on Oct. 2 in Long Beach, Calif. Connie recipients are acknowledged for their significant influence on containerization in world trade and transportation. CII, founded in 1960, has been presenting the Connie Award since […]
The improvement included two of the carriers making operating profits at group level. Collectively, the three lines cut their first quarter fiscal year losses from $265 million in 2011 to $42 million this year.
U.S. Customs and Border Protection has named L. Dave Fluty as port director for the Houston/Galveston area. Fluty previously served as the deputy assistant commissioner for CBP’s Office of Training and Development. He is returning to the Houston area where he once served as director of the agency’s local laboratory that provides scientific and forensic […]
Government officials and business leaders are using last week’s report from the FMC on U.S.-bound sea freight moving through Canadian and Mexican ports to support calls for HMT reform and increased U.S. port investment.
The Swiss forwarding and logistics company had consolidated profit of 17.3 million Swiss francs ($17.7 million) in the second quarter ending June 30, 46 percent less than the 32 million Swiss francs it earned in the same 2011 period.
The Eastern railroad said it completed $20.5 million of track, bridge and signal improvements along a major coal line through the Monongahela Valley during a seven-day blitz timed to coincide with coal miners’ annual weeklong summer break.
Crowley Maritime said it will offer less-than-containerload ocean and air cargo lifts along with customs brokerage services to Cartagena, Colombia as the first step in an expansion of its logistics services to South American. Crowley said it will offer the LCL service from several points, including its distribution centers in Miami; San Juan, Puerto […]
