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. […]
The Washington-based National Foreign Trade Council (NFTC) on Wednesday lauded a new report by the EU-U.S. High Level Working Group on Jobs and Growth about the group’s progress in expanding transatlantic trade and investment. “The U.S.-EU relationship is an important one, and we are pleased that steps are being taken to find ways […]
Alexandra C. Cook has been named director of finance for the Broward County Port Everglades Department. She replaces Mary Spiegel Meynarez who will retire at the end of June. Cook comes to the port from the Office of the Clerk & Comptroller for Palm Beach County, where she was deputy comptroller and finance manager.
The container chassis leasing company Direct ChassisLink said it has appointed John D. Bowe and Ronald T. Sorrow to its board. Bowe is the former president in the Americas for APL, where he worked for 20 years. Sorrow most recently served as president and chief executive officer for AVRON Partners, a partnership that focuses on developing and […]
The portal-based ocean transportation technology provider INTTRA said Tuesday that Spain-based non-vessel-operating common carrier International Forwarding S.L. (IFS) has joined its network. “Not only is INTTRA able to help us improve efficiencies, but also provides services to make us more agile for our customers,” said Jose Quilis, chief executive officer of IFS, in a […]
Shareholders of both WFS and Aviapartner have agreed to combine the companies, with Aviapartner to join WFS. The new group will be controlled by LBO France, WFS’ majority shareholder.
Home furnishings retailer IKEA said last week it will outfit distribution centers in Perryville, Md., and Westampton, N.J., this summer with solar arrays as part of a nationwide effort to transition to cleaner forms of energy. When the project is complete, IKEA will have almost 89 percent of its store and warehouse locations operating […]
Disney on Tuesday said it will use the Jacksonville port’s TraPac Terminal to receive the majority of its containerized merchandise destined to Walt Disney World Resorts in Kissimmee, Fla. The first containers bound for Disney arrived Tuesday morning aboard the MOL Paramount, with Mickey Mouse making an appearance to cut the ribbon for […]
