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.
CBP urged to create a policy and a mechanism for sharing information among ports regarding the use of higher bond amounts to help prevent evasion of antidumping and countervailing (AD/CV) duties.
The ocean carrier has converted its North America-to-Central and South America Expreso service into an exclusive Central America feeder, dropping previous calls in the Gulf Coast of the United States and Mexico as well as the north coast of South America.
In the 12-month period from May 2011 through April 2012, SeaMaster Logistics, a Hong Kong-based subsidiary of New Jersey-based Summit Logistics, moved 133,805 TEUs on U.S. inbound trades.
The 21st Asian Shipowners Forum, which concluded its annual meeting in Port Douglas, Australia on Tuesday, expressed alarm over what it said may be an unintended effect of the European Commission’s sanctions against Iran. It said the sanctions include a prohibition of insurance cover from members of the “International Group” of protection and indemnity insurers […]
The liner carrier MOL said Tuesday it’s joining a service connecting China and Southeast Asia with the Indian Subcontinent and Middle East. The service, currently operated by Wan Hai, PIL, and “K” Line, has a rotation of Shanghai, Ningbo, Kaohsiung, Hong Kong, Shekou, Singapore, Port Kelang, Jebel Ali, Karachi, Mundra, Port Kelang, Singapore, […]
Geodis Wilson said it is expanding trucking operations to include China, an extension of its existing routes through Singapore, Malaysia, Thailand, and the Indochina region. The cross-border route between Singapore and China covers a distance of 5,950 kilometers and takes 6-7 days. The company said it will offer both full- and less-than-containerload services. […]
