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.
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 […]
