American Shipper

   Universal Truckload Services, said it will acquire LINC Logistics Co, an asset-light third-party logistics provider, in a stock-for-stock transaction that is worth roughly $335 million and includes the assumption of debt.    Warren, Mich-based Universal said the purchase and combination of the two services will create one of the largest asset-light, full-service logistics offerings in […]

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Report indicates that average harbor maintenance tax of $109 per FEU at U.S. ports does induce some cargo to Canadian and Mexican ports, but dissenting commissioners say report supports “predetermined conclusion”

   The president of the San Diego Customs Brokers Association, along with three international trade companies and seven other individuals, are facing federal charges following a probe targeting a multimillion dollar customs fraud scheme in Southern California.    A 56-count criminal complaint filed in U.S. District Court for the Southern District of California accuses the […]

To help you make sense of the financial maze, our expert panelists will discuss the implications of a dysfunctional and unhealthy group of liner carriers, including the following key topics: A recap of American Shipper’s 2012 report on carrier profitability A five-year examination of liner industry financial performance Market trends underlying carrier performance Analysis of […]

   The liner carrier Hapag-Lloyd said Wednesday it is adding a vessel to a Mediterranean-Pacific service it operates with compatriot carrier Hamburg Sud.    The line’s MPS service will go from 10 to 11 ships from early August. Current average vessel size on the service is 2,798 TEUs, with Hapag-Lloyd providing eight vessels and Hanburg […]

   Pacer International said it had a profit of $1.3 million in the second quarter ending June 30, compared to $4.2 million in the same 2011 period.    The Dublin, Ohio-based transportation and logistics company said revenues in the quarter were $368.3 million, compared to $386.3 in the second quarter of 2011.    The company […]

Container line comes across a counterfeit email from entity advertising itself as agency representative in China, emphasizing to its customers that its China representative is Master International Shipping Agency

   Francisco Partners, a technology-focused private equity firm, has completed the acquisition of Kewill, a global trade and logistics software provider, marking Francisco’s sixth such purchase in Europe since 2009.    “We see a significant opportunity for Kewill as long-term growth and increasing complexity in the trade and transportation of goods drives the need for […]

Canadian National capitalizes on labor disruption at its competitor Canadian Pacific during May to post 17 percent profit increase in second quarter, with seven commodities recording double digit growth

   UPS has named economist Kevin M. Warsh to its board of directors, the company said Wednesday.    Warsh, 42, previously served as a member of the Federal Reserve Board of Governors. From 2002 to 2006 he was a domestic economic advisor in the White House under President George Bush.

   SP Express, a U.S. provider of domestic third-party logistics and fulfillment services, is expanding support for automation of fulfillment and warehouse operations for the textile business.    SP Express said that its goal is to lower costs and increase service levels by offering a platform that was built with the help of textile partners. […]

   The Federal Maritime Commission will release a much anticipated report on “U.S. Inland Containerized Cargo Moving through Canadian and Mexican Seaports” to members of Congress who requested it today and to the general public on Friday.    The report was reported by several publications to have been approved earlier this week by the five […]

   CargoWise, a provider of technology offerings for logistics service providers (LSPs), said this week it has acquired Australia’s domestic transport and logistics software developer TransLogix.    The company said the deal will give it a domestic transport system and knowledge base to pair with its existing international software expertise.    “The addition of the […]

   Welcome to the seventh instalment of American Shipper’s yearlong countdown of the top 12 non-vessel-operating common carriers for U.S. inbound containerized cargo.    Using data provided to American Shipper by the trade intelligence firm Zepol Corp., we’ll take a closer look at each of these companies in terms of where their cargo originates, where […]

   Paragon Software Systems, a software company focused on vehicle routing and scheduling, has added more than 50 enhancements in the latest build of its vehicle routing and scheduling solution Paragon Version 5.6.    The new updates are largely geared toward cutting operating costs, improving asset utilization, and enhancing existing customer service operations. Paragon’s support […]

   Minnesota-based HighJump Software, provider of supply chain management software, has expanded its EDI integration offerings to include SaaS support for Microsoft Dynamics GP users.    The addition, through its TrueCommerce EDI Solutions Group, is basically a web-based version of the company’s TrueCommerce Transaction Manager built for Microsoft Dynamics GP that offers the same functionality […]

Steamship lines are expected to adjust their bunker surcharges in coming weeks to account for the higher cost of low sulfur fuel that they are required to use from Aug. 1 within 200 miles of the U.S. and Canada coasts.

   C.H. Robinson said it had a profit of $114.6 million in the second quarter, 3.2 percent more than in the same 2011 period.    Total revenues were $2.96 billion in the second quarter, 9.2 percent higher than the second quarter of 2011. Net revenues were $425.5 million, up 1.8 percent.    Net revenues by […]

The NVO and ocean freight consolidator CaroTrans has started a new direct LCL service from Seattle to Tokyo, partnered by Japanese NVO Seino Logix, with a 13-day transit to Tokyo, 14 days to Yokohama and no transhipment via Busan.