The Port of Oakland has initiated “impasse actions” in an effort to negotiate a new contract with Service Employees International Local 1021, which represents 250 employees in janitorial, maintenance and security areas. The agreement between the union and port expired nearly a year ago, on June 30, 2011. The port and SEIU […]
Maersk, Hamburg Sud, and four other container lines to expand capacity on Asia-WCSA trade by adding vessels, rotating in larger ships, with the rotations of three different services affected by the moves
U.S. business spending on purchased freight transportation and logistics services increased 6.6 percent, or $79 billion, in 2011 to $1.28 trillion as companies held more inventory and paid higher rates for trucking and rail transportation, according to the 23rd annual “State of Logistics Report.” Logistics costs are still well below the peak of […]
Parent of ABF Freight System purchases expedited logistics specialist Panther in a deal that’s dubbed “an excellent strategic fit,” with Panther to remain a wholly-owned subsidiary and sister company to ABF
The ocean carrier Maersk Line has adjusted two of its three weekly Asia to West Africa services, slowing one and adding capacity to the other. The carrier added an additional vessel to its weekly Asia to West Africa FEW1 service, as well as new port calls at Port Kelang, Onne, and a fortnightly […]
APM Terminals drafts in the head of its key Rotterdam terminals to oversee European region, which accounts for 36 percent of the operator’s global volume and 25 percent of its global revenue
CSAV said Wednesday that it has obtained a 12-year, $90 million loan with the German bank DVB that will be used to complete the financing of the final two ships in a series of seven built by Samsung Heavy Industries. CSAV took delivery of the sixth of those ships this week and said […]
Cathay Pacific and sister airline Dragonair carried 123,403 tons of cargo in May, a drop of 10.6 percent compared to May 2011. The airlines’ cargo load factor was down 5.9 percent, to 62.3 percent, while capacity, decreased by 7.3 percent. Year to date, tonnage has declined by 10.7 percent against a capacity drop […]
The liner carrier OOCL has made three changes in its executive team effective July 1. Michael Kwok will be promoted to chief operating officer, with responsibilities covering trades and corporate logistics functions. Kwok is currently director of trades, a position he’s held since 2010. Previous roles in his 33 years with OOCL include […]
Figures from maritime analyst SeaIntel show liner reliability climbed from April to May, most likely due to a settling down of service adjustments and alliance reshuffling by lines on the three main east-west trades
Ryder System, Inc., a provider of transportation and supply chain management services, today announced that Michael F. Hilton, president and chief executive officer of Nordson Corp., has been elected to its board of directors, effective July 1, 2012. Nordson, a $1.3 billion company, engineers, manufactures, and markets products and systems used for […]
The Chubb Group of Insurance Companies and FreightWatch International announced an initiative aimed at combating cargo theft. FreightWatch, which reported an 8.3 percent increase in the number of cargo thefts last year, will offer Chubb transportation insurance customers a 10 percent discount on real-time shipment tracking services. Using covert tracking devices, FreightWatch tracks […]
Rikvin, a company that facilitates Singapore company incorporation, offshore company setup, accounting, taxation and other related corporate services, has begun a new push to get companies to sign up for the Global Trader Program (GTP) to enhance their trade with Singapore. The Southeast Asian nation has extended the window to apply for the […]
Logistics officials say shippers are likely to increase inventory levels early to avert potential U.S. East Coast port disruptions in the event of a strike by ILA workers or a lockout by employers…
Westbound Asia-Europe container volume fell 3.3 percent in April, according to the most recent figures from Container Trade Statistics (CTS). Volume fell to just more than 1.1 million TEUs in the month, after the trade saw virtually zero growth in the first quarter, at 3.3 million TEUs. Eastbound Europe-to-Asia volume fell 4.8 […]
Projects FPS, the forwarding and third-party logistics (3PL) arm of Famous Pacific Shipping Lanka, has launched a dedicated logistics center that will incorporate new functions at a prior storage and document archiving facility in Colombo, Sri Lanka. Located in the commercial area of the Port of Colombo, the new Projects FPS facility will […]
Descartes acquires software-as-a-service provider IES in a $35 million deal to expand reach in Asia and product portfolio for intermediaries in the latest significant acquisition for the logistics software developer
Mediterranean Shipping Co. pulls a call at Cristobal on its U.S. East Coast/Panama feeder after shortening the service’s rotation in February, with the round trip voyages cut from 21 to 14 days.
The logistics company SDV, a subsidiary of the Bolloré Group, said it will open a new “green” warehouse in western Singapore. The 452,084 square-foot multi-story warehouse is slated for completion by Aug. 1 and represents an investment of 55 million Singapore dollars ($43 million). The warehouse will support customers’ growth in the […]
Box Ships said it has agreed to acquire two 5,344-TEU ships from OOCL for $31,155,000 each. The ships, the 1995-built OOCL Hong Kong and the 1996-built OOCL China, will then be chartered back to OOCL for three years at a net daily rate of $26,465. To finance this acquisition, the company issued $40 […]
