SC Johnson will begin construction on two wind turbines, which will put renewable electric power into the manufacturing of its popular cleaning products, such as Windex, Glade, Pledge, and Scrubbing Bubbles.
Two giant shipments of project cargo are moving through the state of Maryland during the last two weeks of June. On Thursday, the Chinese vessel Zhen Hua delivered four super post-Panamax container cranes to the Seagirt Terminal in the Port of Baltimore. The highly choreographed trip up the Chesapeake Bay required the temporary closure […]
Yildirim Group plans to acquire an additional 10 percent interest in CMA CGM this year by investing another $250 million in the French container shipping company. Yildirim, which is based in Istanbul, purchased a 20 percent interest in CMA CGM in 2010 for $500 million and had an option to acquire an additional 10 percent for […]
Bryson President Obama has accepted the resignation of Commerce Secretary John Bryson after 10 days on medical leave for a seizure suffered in the Los Angeles area, the White House said in a statement Thursday. Bryson said the seizure could distract from his ability to perform his job, according to a letter to Commerce […]
The Corps of Engineers highlighted a “lack of post-Panamax capacity at U.S. Gulf and South Atlantic ports – the very regions geographically positioned to potentially be most impacted by the expected changes in the world fleet.”
The U.S. stevedoring company will acquire a 10 percent stake in Yang Ming’s Kao Mong Container Terminal (KMCT) in Kaohsiung. The deal marks the firm’s first foray outside North America.
The ocean carrier Hapag-Lloyd has added a fourth vessel to its weekly U.S. Gulf and Mexico to Central America, north coast South America, and the Caribbean GCS service and increased roundtrip voyage time from 21 days to 28 days. Transit times southbound from the United States and Mexico to Central America on the […]
DSV Air & Sea Ltd. has appointed Michael Hansen as its new managing director. Hansen, a 34-year industry veteran, has worked for DSV Air & Sea since 1984. In his new role, he replaces Graham Riches, who is retiring. Hansen began his career at KE Freight Forwarding in Denmark. At DSV Air […]
Members of the Supply Chain Council, a global management organization whose goals revolve around creating improvements in supply chain processes, have elected an eight-member board to serve for three years. The council said its new board reflects its practitioner-driven leadership model. New board members are: Matt Davis, principal research analyst at Gartner’s AMR Supply […]
The Senate on Wednesday rejected an amendment to the 2012 Farm Bill that would have offered some reform to the U.S. sugar program. “While we are disappointed the Senate voted to maintain the status quo — which costs consumers and businesses billions of dollars each year and the U.S. economy thousands of jobs — […]
A group of agriculture industry associations are credited with persuading a majority of senators from including in the pending Farm Bill a 20 percent cut in the U.S. Department of Agriculture’s Market Access Program (MAP). The amendment was defeated by a vote of 69 to 30. The amendment would have meant a […]
A TIGER grant will complete a funding package for local projects in the Chicago Region Environmental and Transportation Efficiency (CREATE) program to ease congestion on freight, Amtrak, and Metra commuter railroads.
The European Shippers Council (ESC) said a proposal by several countries and large trade groups to more strictly regulate container weights is “the wrong remedy for the container transport safety issues the sector is dealing with.”
A meeting to discuss compliance with new international treaty requirements for large ship operators to significantly reduce emissions from their vessels is scheduled for June 28 in Tacoma, Wash. The event, being held by the Pacific Merchant Shipping Association, Chamber of Shipping of British Columbia, and Sustainable Shipping, will focus on the new rule […]
The combination of the two express carriers will create a $60 billion company and give UPS greater access to the European market, which has been difficult to penetrate because of the home advantage of TNT and Deutche Post’s DHL.
The Obama administration is committed to supporting investment in seaports because they are the lynch pin for $3.15 trillion of business activity and 13.3 million jobs in the United States, Transportation Secretary Ray LaHood said in his “Fast Lane” blog Wednesday after he and Maritime Administrator David Matsuda met the previous day with members of […]
The German line will end its Atlantic Express Shuttle (AES) service “due to the current market situation” until further notice. The service was operated between three ports with three ships.
Jade Cargo, a joint venture all-cargo airline set up by Shenzhen Airlines, Lufthansa Cargo AG, and German development finance institute DEG, has ceased operations, according to reports from China. The carrier, which grounded its fleet in January, has suffered from weakened demand out of Asia in the past year. Jade operated with […]
The liner carrier CMA CGM said Wednesday it’s suspending a planned peak season surcharge on the westbound Asia-Europe trade but replacing it with a rate increase from July 1. The French line was seeking a $350-per-TEU peak season surcharge, as announced May 11. The rate increase to be assessed in lieu of the […]
Wells Fargo Securities has initiated coverage on Matson, Inc. ahead of the company’s spinoff from parent Alexander & Baldwin in late June. “We view Matson as a stable and differentiated value story, given its 3 percent forward dividend yield, solid balance sheet, and unique service offering that carries leverage to both traditional U.S. […]
