Caterpillar signed a deal to sell Platinum Equity a 65-percent equity stake in Caterpillar Logistics Services LLC, the company’s third-party logistics division of subsidiary Caterpillar Logistics. The overall transaction is valued at roughly $750 million.
Axway, which develops cloud-based software, has announced Nathan Associates has picked the company’s business-to-business integration (B2Bi) service to run a single window pilot program. The pilot is being put into place by the Association of Southeast Asian Nations (ASEAN). The goal of the single window is to reduce the time needed to process import and export […]
Global Container Terminals has announced plans for a multimillion-dollar expansion to its Global Terminal in Bayonne, N.J. that it said will make it one of the most technologically advanced container facilities in the country.
Cargotec has changed the roles of several executives to further implement its marine and terminal business strategy. In specific, Cargotec aims to grow its marine activities in Asia, especially in offshore, and accelerate the improvement of its terminal business to enable growth. Chief Operating Officer Pekka Vauramo has been appointed executive vice […]
CBP will open two more industry-focused units aimed at centralizing the import process for trusted shippers, one for automotive and aerospace in Detroit and one for petroleum, natural gas and minerals in Houston.
Accellos, a provider of supply chain software, has launched an updated version of its AccellosOne Workspace, an application that serves as the foundation for existing and upcoming products from Accellos. Chad Collins, Accellos’ chief marketing officer, said Workspace was created with Microsoft technology and designed to answer three customer concerns: Make software simple and […]
The U.S. House Homeland Security Committee on Wednesday voted to advance a bill that directs the Department of Homeland Security to study and report to Congress on gaps in port security and how to address them. The “Gauging American Port Security Act” was introduced by Rep. Janice Hahn, D-Calif., who has taken an active […]
U.S. and European Union customs officials have finalized an agreement to treat qualified shippers in their respective supply chain security programs as equivalent to their own, but a wide range of technical details must still be worked out before low-risk companies can enjoy reduced fees and inspection levels for ocean freight. Under the agreement signed last […]
Horizon Lines reported a net loss from contiinuing operations for the first quarter ending March 25 of $26.8 million, compared to $20.2 million in the same 2011 period. Revenue was $263.4 million in the first quarter, compared to $240.7 million recorded in the first quarter of 2011. Including discontinued operations, such as the transpacific FSX […]
The liner carrier was one of a few lines to have been profitable in 2011, but succumbed quickly with an operating loss of $132.9 million in the first quarter of 2012 due to poor rate environments and rising bunker costs.
Matson Navigation Co. saw a near doubling of its business between the U.S. West Coast and Guam in the first quarter of 2012 when compared to 2011 because of the decision by Horizon Lines to withdraw from the market. The Oakland-based company moved 6,400 containers in the first quarter of 2012, compared to 3,300 […]
The U.K. managing director for container line MOL laid out the reasons why different shippers receive significant variations in price quotes from different shipping lines. “Calculating a realistic price for a container movement can be very complex – it depends on how full the ship is, the price of fuel, how fast it […]
XPO Logistics said it had a net loss of $2.7 million for the first quarter, compared to a profit of $1.1 million for the same 2011 period. Total revenue was $44.6 million for the quarter, a 7.4 percent increase from the same period last year. Bradley Jacobs, XPO’s chairman and chief executive officer, said […]
Oakbrook Terrace, Ill.-based NationaLease has appointed Dean Vicha to president. Most recently, Vicha served as vice president of national accounts. Earlier, he served as vice president of member services and as a national account executive. Before coming to NationaLease in 2005, Vicha was director of business development for Ryder System, as well as […]
The law requires importers to provide U.S. Customs and Border Protection and the Animal Plant and Health Inspection Service details such as the genus, species and country of harvest for products that include wood materials.
The American Logistics Aid Network (ALAN) has launched a new capabilities mapping tool that will allow it to geographically target companies with the potential to provide resources during disasters. The project is funded by grants from The UPS Foundation and the Regional Catastrophic Preparedness Grant Program, Project on Supply Chain Resilience. The […]
Ryder System, a third-party logistics services provider, has expanded its food packaging and distribution capability through enhancements at its facility in Beaver Dam, Wis. The Beaver Dam Logistics Center (BDLC) serves food manufacturers with frozen and refrigerated requirements. BDLC was recently expanded with a 15,000-square-foot, temperature-controlled addition Ryder will use to target […]
The chief negotiator for U.S. East Coast and Gulf terminal operators and ocean carriers in ongoing contracts discussion with the International Longshoremen’s Association (ILA) said Tuesday he didn’t think unionized dockworkers at U.S. West…
FIATA wants the EU to consider validation programs from third-party countries on a mutual recognition basis or ensure a sufficient number of independent and trained third-party auditors are available.
The liner carrier APL lost $246 million from continuing operations in the first quarter, a massive drop from the $8 million it lost in the corresponding period in 2011, Singapore-based parent company NOL said Wednesday. APL saw revenue drop 4 percent year-on-year in the first quarter to $2 billion, while container volume increased […]
