Report says that fall-off in import markets for textiles hurting global trade, with double-digit decrease in EU imports and near 4% decline in U.S. imports affecting exports from Southeast Asia and India
Maersk Line is joining the recently launched seven-ship Asia-New Zealand ANZEX loop provided jointly by CMA CGM (five ships) and OOCL (two-ships), marketing space between all the ANZEX ports served in China, Korea and New Zealand.
Norfolk Southern said it had profit of $524 million in the second quarter, 6 percent less than in the same 2011 period. Railway operating revenues of $2.9 billion were essentially flat in the second quarter compared to 2011. General merchandise revenues improved 9 percent to $1.6 billion. Coal revenues declined 15 percent to $755 […]
The ocean carrier Maersk Line has speeded up its weekly Asia-to-West Africa FEW3 service, decreasing roundtrip voyage time from 84 days to 70 days, and changed the rotation. CMA CGM has joined the service, providing one of the total 10-ship fleet. The FEW3 has dropped calls in Qingdao, Ningbo, and Shanghai, which were initially added to the […]
An American Shipper story July 20 last week, “President puts 7 port projects on the fast track,” reported on a White House announcement about efforts to expedite infrastructure projects at ports around the country appears to have misstated the timetable for deepening the federal channel in the Port of Miami. The White House said […]
The international freight forwarder and logistics provider DGX-Dependable Global Express said this week it is expanding in Asia with a new inbound and outbound ocean and air facility in Port Kelang, the closest seaport to the Malaysian capital of Kuala Lumpur. The new location, headed by Zach Nice, Dependable Global Express’ Director, Southeast […]
The ocean carrier Maersk Line advises that acceptance of cargo for Berbera (Somalia) is being suspended with immediate effect for at least three weeks. This is due to unexpectedly high volumes outstripping feeder capacity from Jeddah. The suspension is aimed to prevent a backlog buildup and applies to all cargo/equipment types from all origins and […]
The U.S. domestic trucking market is finely poised, with characteristics that could push it into no growth or capacity shortage, depending on which way the wind blows, according to Noel Perry, senior consultant of the transportation analyst FTR Associates. Perry and fellow senior consultant Larry Gross gave a rundown of rail, trucking, and […]
The Container Terminal Buenaventura (TCBuen) has started its second phase of expansion, a nearly $100 million project that will augment capacity at the terminal by 600,000 TEUs annually by early 2014. The Colombian terminal is run by Spanish terminal operator Grup TCB, which started its operations there two years ago. In 2012, the […]
A large proportion of a fall in rates shown by recent indices comes from the fact that bunker prices have dropped in recent weeks, with most bunker adjustment factors calculated on a lag behind real-time prices.
American Petroleum Tankers says, after two years, the government will decide by end August whether to grant a Title XI loan guarantee for five 49,000-dwt. tankers built between 2006 and 2010 in California.
The Walt Disney Co. will begin shipping small batches of Asian-made merchandise for the Disney World resort in Orlando, Fla., through the Port of Miami early next year when an intermodal yard becomes available there, James R. Hertwig, the chief executive and president of Florida East Coast Railway, said in an interview. The $45 […]
The Science Applications International Corporation (SAIC) is taking the reins on a U.S. Air Force (USAF) contract for space-based logistics management support, a $36 million contract around engineering and budget analysis plus the evaluation of sustainment issues. The task, which falls under the USAF’s Space and Missile Systems Center’s Space Logistics Directorate, will […]
Failure to accelerate a study into the global availability of low sulfur fuel for ships has “billion dollar implications,” says the International Chamber of Shipping.
The Obama administration gets criticized a lot for not being business friendly, for not creating policies that help companies thrive. A lot of that perception is tied to the massive health-care overhaul law and the National Labor Relations Board’s questionable efforts to make it easier for unions to organize workers. But a lot of it […]
UPS said it had profit of $1.1 billion in the second quarter ending June 30, 2.2 percent more than in the same 2011 period. Revenue was $13.3 billion for the second quarter, up 1.2 percent over the same 2011 period. The company said its U.S. domestic package revenue was $8 billion in the […]
Rail Logistics is expanding its “Cold Train” logistics service, adding new equipment and adding new destinations this year. In early 2010, Rail Logistics launched the intermodal reefer service service in partnership with Burlington Northern Santa Fe Railway from the Port of Quincy in Washington State to destinations in the Midwest–Illinois, Indiana, Wisconsin, Michigan, […]
APM Terminals on Monday submitted a revision to its proposal to operate terminals owned by the Virginia Port Authority (VPA). The company, a subsidiary of Denmark’s A.P. Moller-Maersk said it was making a commitment to honor existing contracts, have non-discriminatory pricing and operational services, and significant oversight by both the VPA and an […]
On Monday, the U.S. Customs and Border Protection issued a new directive that said three new forms are eligible to be submitted through its Remote Location Filing (RLF) process in its hybrid version. While Customs intends RLF to be a completely electronic process, its current regulations provide an interim hybrid time to allow Customs […]
Nova Cold Storage has begun construction on a $9.5 million facility for refrigerated and frozen food logistics at the Atlantic Gateway – Halifax Logistics Park. Nova is expanding to accommodate its frozen fish and processed foods storage business, servicing processors, exporters, and freight forwarders. When complete, the new 60,000 sq. ft., federally inspected, […]
