Although Maersk has exited the Wallis and Futuna, and Vanuatu island trades, freight forwarders on the islands are confident that they will find ways through other carrier services to move containerized goods.
COSCO Container Lines and Mediterranean Shipping Co. both said this week they will seek to raise rates on trades from Asia to Latin America. COSCO said Wednesday it will increase rates from the Far East and Indian Subcontinent to Panama, Venezuela, Costa Rica, and Mexico from Aug. 15. To Panama, Venezuela and Costa […]
Air cargo throughput at Hong Kong Air Cargo Terminals Limited (Hactl), the largest air cargo handler, grew 4.8 percent year-on-year in June and 2.4 percent for the second quarter. But volume growth, measured in tons, was flat for the first half, led by a 7.8 percent drop in import volume and a 0.6 […]
It’s Asian gypsy moth season again and U.S. border officials are trying to prevent the pests from entering the United States, where they could pose significant danger to forests and crops.
Two major U.S. railroads reported improved results for the second quarter on Tuesday, with their bottom lines boosted by better revenues from hauling intermodal cargo and automobiles. CSX had a profit of $512 million in the second quarter, a 1 percent increase over the $506 million earned in the same 2011 period. The company said […]
The service decreased its total roundtrip voyage time from 14 days to seven days, and removed one vessel. It now operates weekly with one 3,840-TEU ship in a rotation of Philadelphia, New York, Freeport (Bahamas) and Philadelphia.
Non-vessel-operating common carrier CaroTrans has expanded its partnership with Craft Multimodal for both less-than-containerloads and full-containerloads to the east coast of South America. The companies will now operate together in Argentina and Uruguay, in addition to their 11-year exclusive relationship in Brazil. The partnership will provide end-to-end local support and service from CaroTrans’ 14 offices […]
Sterling Aviation, a division of Quick International Courier, has expanded its services in the Chinese market for critical aircraft-on-the-ground (AOG) shipping and logistics. The company specializes in anytime-anywhere shipping of urgent aircraft parts, rapid returns, heavy weight or oversized freight, and dangerous goods. It said there’s ongoing growth of the aviation industry in China, due […]
Consolidators International, Inc. has appointed Malcolm Bermingham to the new position of vice president of sales and operations. Bermingham, who has more than 20 years of industry experience, has worked at both customs brokerage and freight forwarding firms. Moving from Ireland to Southern California, he started his transportation career as an employee at […]
Crowley Maritime Corp. has promoted Mike Golonka to vice president of the company’s ship management team. Golonka, who previously served as general manager for ship management, will continue reporting to Todd Busch, senior vice president and general manager of technical services, and will remain domiciled in the company’s headquarters in Jacksonville, Fla. […]
MavenWire, an Oracle Gold Partner that specializes in work around Oracle-based and other transportation management systems (TMS), has announced a new cloud-based service that will allow the company to rapidly deploy Oracle Transportation Management for its customers. Calling the service LogisticsWired, the company said that its offering combines Oracle’s TMS offering with the […]
The portal-based ocean transportation technology provider INTTRA and liner shipping analyst SeaIntel have released their first report comparing ocean carrier schedule reliability against actual container delivery. The report, available at www.seaintel.com, is part of a larger analysis that marries SeaIntel’s schedule reliability database with a host of aggregated information compiled by INTTRA from […]
In a lawsuit filed Friday in the U.S. District Court for the District of Alaska, the state seeks an injunction keeping the EPA and Coast Guard from their plans to begin enforcing the North American Emissions Control Area (ECA) on Aug. 1.
Authorities have reopened the Ambassador Bridge after the busiest international commercial truck crossing in North America was shut down Monday evening for five hours because of a bomb scare.
U.S. Customs officers stationed at the UPS hub in Louisville, Ky., continue to intercept an increasing number of imported “bath salts” designer drugs, the agency said. Field personnel are working closely with chemists at Customs and Border Protection labs to test samples and detect emerging trends related to the synthetic drugs. Bath salts can contain the […]
The number of attacks by Somali pirates on vessels from the Red Sea to the Indian Ocean declined in the first half of the year to 69 from 163 during the same period in 2011, the IMB said.
The National Retail Federation asked the the ILA and dockworker employer representative to commit themselves to continuing talks and normal port operations on the U.S. East and Gulf coasts even if they do not reach agreement by Sept. 30.
Railroads have filed an appeal with the U.S. Court of Appeals for the District of Columbia seeking to file a lower court’s decision to certify a class action against them for fixing surcharges, reports the National Industrial Transportation League in its latest Notice newsletter. NIT League said the railroads argued in the petition that […]
Military Sealift Command fleet replenishment oiler USNS Henry J. Kaiser, which is currently providing logistical support for U.S. Pacific Fleet’s biennial Rim of the Pacific exercise off Hawaii, will deliver 900,000 gallons of a 50-50 blend of advanced biofuels and traditional petroleum-based fuel today to the U.S. Navy aircraft carrier USS Nimitz strike group. […]
The filing with the SEC shows the company expecting its 4.7 million-share IPO to garner between $15 and $17 per share. This would, at its midpoint, give the company a valuation of roughly $437 million.
