IAG, a business unit formed after the merger of British Airways World Cargo and Iberia Cargo, has begun testing a freight collection service in New York and Chicago supporting shipments of up to 200 kilos.
The postal operator has been given approval by the Swedish Competition Authority to proceed with the acquisition of state-owned Green Cargo Logistics, which will include property and buildings.
The southern California port said Wednesday its terminals handled 461,911 TEUs in April, 13 percent fewer than the 531,090 TEUs in April 2011. But three new liner services promise boost in volume.
Canadian Pacific Railway said Thursday morning that Fred Green, its president and chief executive officer, and five other directors have resigned. The resignations were announced hours before CP shareholders meet at 8 a.m. in Calgary, Alberta for their annual meeting, culminating a proxy fight in which the U.S. hedge fund Pershing Square Capital Management […]
Massoud Habibion and Mohsen Motamedian, both U.S. citizens, and their Costa Mesa, Calif.-based company Online Micro LLC, were sentenced Wednesday in the District of Columbia in connection with a scheme to illegally export millions of dollars worth of computer-related goods from the United States to Iran through the United Arab Emirates. U.S. District […]
The U.S. Federal Motor Carrier Safety Administration has ordered Alabama-based BM&L Trucking LLC and affiliated company IDM Transportation to stay off the road because they pose an imminent hazard to public safety. It’s the fourth small carrier the agency, part of the Department of Transportation, has shut down in the past month. The […]
LeanLogistics, a Michigan-based provider of transportation management system (TMS) applications and supply chain services, has partnered with cloud-based ERP and financial software provider NetSuite to build a new on-demand offering that integrates both of their existing services. The on-demand TMS SuiteApp will be integrated with NetSuite’s existing SuiteCloud computing platform and will provide […]
The South Carolina Ports Authority said the Port of Charleston handled 123,439 TEUs in April, 7.7 percent more than in April 2011. The agency also said breakbulk tonnage at the port was up 57 percent. At a meeting of the SCPA board, President and Chief Executive Officer Jim Newsome said he was pleased with […]
The Port of Long Beach Harbor Commission on Monday approved a staff recommendation to begin contract talks with a joint venture team for the replacement of the obsolete Gerald Desmond Bridge. The board voted the design-build proposal from Shimmick Construction Co. Inc. of Oakland, Spain’s FCC Construction S.A. and Italian firm Impregilo S.p.A. as […]
Amerijet International, based in Fort Lauderdale, Fla., on May 20 will start once-weekly direct all-cargo freighter service linking the United States and southern Caribbean to southern Brazil. The service ultimately arrives at Cabo Frio International Airport (CFB) in Brazil, and its agent Cargoworks operates a facility at the airport daily. “We believe […]
Chris Davies has been appointed chief financial officer of GCT Global Container Terminals. Global is a subsidiary of the Ontario Teachers’ Pension Plan, which operates two container terminals in the Port of Vancouver, Canada, and two in the Port of New York and New Jersey. Davies was most recently CFO of Ainsworth Lumber […]
The U.S. Trade and Development Agency has awarded a $628,000 grant to Premier Mercantile Services (PMS), a private sector port and freight logistics operator in Pakistan, to help facilitate the acquisition and operation of a fleet of locomotives on the existing Karachi-Lahore Railway. This initiative is central to improving the capacity of one of […]
Drewry reported Wednesday that global schedule reliability improved 2.9 percent to 72.3 percent during the month. But SeaIntel said global reliability fell from 79 percent to 78 percent in the month.
The Senate voted 78-20 to pass the Securing American Jobs Through Exports Act to renew the Ex-Im Bank’s charter for another three years and raise its lending cap from $100 billion to $140 billion.
The Port of Los Angeles set a container volume record for April, according to statistics released by the port Tuesday. The port, the biggest in the Western Hemisphere, had volume of 707,182 TEUs in the month, a 14.5 percent year-on-year increase. Import volume rose 16.7 percent to 364,555 TEUs, while exports rose 11.6 percent […]
This Webinar is now archived and available to Premium Subscribers for download. The Peak Season Preview Webinar provided an insightful overview of this year’s import peak season, including projected freight volumes, capacity levels, labor negotiations, freight rates, regulations and other important issues for today’s shippers. Guest speakers discussed predictions and provided attendees with actionable best […]
With the implementation of the U.S.-Colombia Free Trade Agreement, the Embassy of Colombia in Washington launched an updated version of its Website to highlight the country’s history, culture, and past business and alliances with the United States. Colombian Amb. Gabriel Silva said the goal was to make information more accessible, including a focus on U.S.-Colombia relations and […]
EasyTracGPS, a Stickney, Ill.-based company that develops GPS tracking and fleet management systems, has released its ComTracNVG “Pro” fleet management tracking system. The company said it developed the new service to facilitate communication with drivers and include that in vehicle management. The service offers live five- or 10-second GPS tracking position updates, reports and […]
Maersk Line had operating losses of $571 million in the first quarter, a more than $1 billion slide from the $451 million the line made in the corresponding quarter in 2011, the line’s parent company said Wednesday. Liner revenue rose 7.4 percent to $6.3 billion, while container volume rose 22 percent to 4.4 […]
For the European Union, all public sector buyers will be required to do their procurement electronically by 2016, according to a new deadline. The European Commission set the 2016 deadline because it believes that some 100 billion euros of the current 2 trillion euros spent annually on procurement can be saved in the European Union by […]
