The Canada Transpacific Stabilization Agreement member lines said Tuesday they are amending their currency adjustment factor from July 1. The eastbound CAF will be 8 percent from all Asia origins, including China and Japan. The organization last amended its surcharge as of April, when it was set at 7 percent. The next […]
A dock located about 10 miles from downtown Glasgow, Scotland, will be transformed to support the region’s increase in wind turbine components and related renewable energy cargoes. About 1.3 million pounds (about $2 million) from Scotland’s National Renewable Infrastructure Fund (NRIF) will be invested in the 53-hectare Westway industrial site and adjoining dock […]
APM Terminals, a subsidiary of the A.P. Moller-Maersk group, said Wednesday that it has made an offer to operate all Virginia Port Authority (VPA) facilities in Hampton Roads and inland. APMT, which built a state-of-the-art container terminal in Portsmouth that is now operated by the VPA, said it is proposing a deal under […]
The port authority is giving Foreign Auto Preparation Service (FAPS), the largest auto processor in the port, eight days to meet its financial obligations. FAPS operates on 119 acres and serves about 13 auto manufacturers.
Workers began a strike against the Canadian Pacific Railway after midnight Wednesday, idling the company’s freight trains. Teamsters Canada Rail Conference represents 4,800 conductors, yardmen, locomotive engineers and rail traffic controllers.
“The total capacity scrapped this year is expected to exceed 200,000 TEUs, making this the second highest year of scrapping behind the record-breaking 379,000 TEUs scrapped in 2009,” Alphaliner said.
The start of a new freight payment firm, A3 Freight Payment, was announced Wednesday. A3 Freight Payment has been in the planning and design stages for many months, the Memphis, Tenn.-based firm said. The company said it’s system is capable of processing $3 billion to $5 billion in freight payments annually. The […]
A February report by Carrie Kissel, associate director of the National Association of Development Organizations, about potential economic development opportunities associated with the expansion of the Panama Canal for regional organizations in the South and East of the United States contains some flawed statements. For instance, she writes that “West Coast ports are the […]
Eight ships of about 6,000-TEU capacity will be deployed in the joint service with a rotation of Shanghai, Ningbo, Xiamen, Chiwan, Nansha, Singapore, Djibouti, Aden, Jeddah, Sukhna, Aqaba, Djibouti, Singapore, Nansha, and Shanghai.
Maersk Line said Tuesday it will raise westbound transatlantic rates from July 1. The increases are $360 per 20-foot container, $450 per 40-foot container and $500 per 40-foot high-cube container from Northern Europe, the Mediterranean, and Black Sea to the U.S. and Canadian east coasts. From Europe to the west coast of North […]
Exel, a North American supply chain management subsidiary of Deutsche Post DHL, has appointed Scott Cubbler to president of life sciences and healthcare for the Americas. Cubbler joined Exel in 2001 as director of operations and became a senior director in 2003. Since 2006, he has served as vice president of life sciences and […]
Exel, a U.S. logistics unit of Deutsche Post DHL, has promoted Cherie Abbinanti to vice president of operations at Exel Direct. Abbinanti has worked for Exel since 2006. She will focus on operations for Exel Direct’s network business. Ken Mangen, a 30-year industry veteran, was named vice president of operations for Exel Direct, with a […]
Exel makes senior appointments
U.S. Assistant Secretary of Commerce Michael Camuñez returned from week-long trip to East Africa to advance a regional trade package proposed by the White House with the East African Community (EAC) as well as the White House Partnership for Growth (PFG) Initiative in Tanzania. The proposed regional trade package with the EAC includes, […]
Avalon Risk Management said Tuesday it promoted Kevin Sarsfield to senior vice president for the southern division and international development. The company also appointed Grant Goldsmith to vice president of business development for its southern division. Sarsfield, based in Miami, will have responsibility for international expansion in Latin America, Australia, Europe and the Middle […]
Langh Ship Cargo Solutions, a Finnish firm that makes specialty containers, said it has begun selling a special container aimed at the mining and steel industries. The 20-foot hard open-top bulk container has flat walls that are made of special steel that’s three-times stronger than normal Corten-steel, the company said. The containers are coated with a paint […]
The enterprise software giant SAP has purchased the cloud-based commerce developer Ariba for around $4.3 billion, the companies announced Tuesday. The deal will see SAP pay a 20 percent premium on Sunnyvale, Calif.-based Ariba’s closing share price on Monday. Both companies operate procurement platforms, which among other things, allow users to procure […]
The National Oceanic and Atmospheric Administration on Tuesday presented to Alaska officials a new nautical chart for Kotzebue Sound in the Alaskan Arctic, a sparsely charted region that is seeing increased vessel traffic because of the significant loss of summer sea ice. The new chart depicts the range of depth measurements and object […]
“Unfortunately, the logistics gap between rich and poor countries continues and the convergence trend experienced between 2007 and 2010 has stalled,” said bank official Otaviano Canuto.
Company projections show Mexico will become a cheaper production route for getting goods to the United States over the next 10 years as prices in Europe and China flatten out due to continued increases in transportation costs.
