The Port of Virginia saw container volume rise 11.2 percent year-on-year in June to 168,430 TEUs, the best month in the history of the port, Virginia Port Authority Executive Director Jerry Bridges said. Year-to-date, the port has handled 994,727 TEUs, an increase of 5.4 percent over the first half of 2011. Total […]
C.H. Robinson Europe has opened a new office in Rotterdam that’s dedicated to providing temperature-controlled logistics services to the region. The logistics services provider said temperature-controlled transport is one of the fastest growing industry segments in Europe. C.H. Robinson has 34 other offices in Europe. In its initial operations, the Rotterdam office will take aim at agricultural truckload […]
Union Pacific said its second quarter ending June 30 was its most profitable ever. The Class I railroad had a profit of $1 billion, 28 percent more than the $785 million it earned in the same 2011 period. Revenue for the quarter was $4.9 billion, 7 percent more than the $4.6 billion recorded in […]
Demand for fresh blueberries is high in South Korea, with growers potentially shipping up to 1 million pounds this season. “The first shipment arrived in South Korea on July 2 and the blueberries are now on store shelves,” USDA said.
The Obama administration expressed disappointment in an arbitration tribunal’s decision this week involving a trade dispute over timber harvested in British Columbia. “Despite this result, we remain concerned that British Columbia provided publicly-owned timber harvested in its interior to softwood lumber producers for prices far below market value,” said Nkenge Harmon, deputy assistant to […]
The drought in the Midwest is one for the record books. In addition to taking a toll on crops, livestock and municipal water supplies, it is constraining freight traffic on inland waterways. The Mississippi River, a major thoroughfare for grain, coal, petroleum, crushed rock and other commodities, is 17 feet lower today than it […]
The U.S. Senate Finance Committee on Wednesday passed legislation that makes certain improvements and amendments to the African Growth and Opportunity Act (AGOA), America’s trade preference program for sub-Saharan Africa, and the Central America – Dominican Republic – U.S. Free Trade Agreement (CAFTA-DR). The move follows an announcement by Congress on June 21 of […]
Werner Enterprises had a profit of $30.7 million in the second quarter ending June 30, 11 percent more than in the same 2011 period. Revenue was up 1 percent to $521 million. The trucking company attributed the better profit to “a seasonally improving freight market, operating margin expansion and logistics growth.”
Maryland this month will become the second state to issue electronic hauling permits for the trucking industry, and the Maryland State Highway Administration (SHA) said it will begin providing truckers with a way to carry and electronically display these permits during inspections. State regulations require haulers carry proper permits and attachments to validate their […]
Cambridge Systematics has announced that Monica and John Isbell have joined its Freight Business Line to expand the company’s supply chain and logistics services. The Isbells have experience serving importers, exporters, port authorities, logistics service providers, and government entities. Their roles will involve strategic analysis of markets and sourcing decisions; monitoring markets to […]
Further signs that the U.S. economy could be slowing to a crawl came Monday when the Commerce Department released figures showing that retail sales dipped a half percent in June to $401.5 billion, the third month in a row that sales have fallen. It is the first time since 2008 that retail sales have […]
The Produce Marketing Association and United Fresh Produce Association ended merger discussions Tuesday, citing unresolved differences in combining both their memberships and support staffs.
The liner carrier CMA CGM said Wednesday it will become a vessel provider on a Hanjin Shipping/China Shipping/Yang Ming Asia-Red Sea service on which it already takes slots. CMA CGM will provide one ship on the service from July. The service, which has a rotation of Ningbo, Kaohsiung, Skekou, Singapore, Jeddah, Sokhna, Aqaba, […]
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 […]
