Over the last 12 months the dollar has appreciated due to stronger economic trends in the United States compared to other countries. However, this may be coming to an end. The U.S. economy is growing, albeit at a slow pace of 2 percent, compared to an average rate of 3.1 percent during the […]
The U.S. Department of Commerce’s International Trade Administration recently cemented a partnership with Cintermex, a trade show organizer in Mexico that hosts more than 600 events per year, to cross-promote exports in each country. Related Magazine Content Boosting U.S. competitiveness The ITA’s Commercial Service will train Cintermex staff in Mexico on the benefits […]
White House makes exports priority, but will fall short of ambitious target, expert says. By Eric Kulisch The United States may have been on track during the first two years of President Obama’s five-year plan to double exports from $1.6 trillion to $3.2 trillion by the end of 2014, but has no realistic chance […]
The decision to draw down 30 million barrels of crude from the U.S. Strategic Petroleum Reserve (SPR) is still making news a year later. That’s not much oil in a world that consumes 88 million barrels a day, but hauling it would have been a nice piece of work for the U.S. tug […]
Sometimes things just fall into place for shippers who thought they were at the end of the world. Such may be the case for agricultural exporters in North Dakota and the upper Midwest, possibly the most landlocked region in the United States. North Dakota has gotten a massive — if that’s a […]
By Peter Schauer President, Orion Marine Corp., Chicago In early July, the International Longshoremen’s Association and U.S. Maritime Alliance made progress on negotiating a new contract to replace the one expiring on Sept. 30, easing some concerns that shippers will face a dock labor confrontation on the U.S. East and Gulf coasts. If the parties […]
Data2Logistics, a freight bill processor and advisor, has launched a new freight shipping information site that aims to provide customers and partners with information around global finance, economics, and manufacturing as they relate to shipping, logistics and freight payment systems. One of the first issues discussed on the site was around Myanmar, formerly […]
Beth Peterson president, BPE While attending the 91st American Association of Exporters and Importers’ Conference & Expo in early June, we took the opportunity to do an informal survey of attendees and thought you would be interested in what people had to say…
Proteus Software, warehouse management software (WMS) provider said it has launched a cloud-based warehouse management system (WMS) platform that it says will allow companies to avoid infrastructure expenditure, while increasing warehouse efficiency by up to 50 percent. The Proteus Cloud WMS allows companies to manage and control their put-away, storing, picking, and shipping […]
By Francis Phillips and Stephen Wynn ComPair Data’s BlueWater Reporting database has been developed over the past 12 years to identify and continuously track all published regular liner schedule services operating between ports in numerous regions and sub-regions all over the world. The carriers operating ships or chartering slots on each service are identified, […]
A group of 10 legislators push to restore requirement that 75 percent of U.S. food aid be carried on U.S.-flag ships after provision in proposed federal highway bill threatened to reduce threshold to 50 percent.
A drop in coal demand, spurred by cheap natural gas, is signaling a shift in U.S. energy markets, with railroads offsetting a loss in revenue by focusing on fracking, petroleum, automotive, and intermodal markets
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 […]
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
