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 […]
NYK Line (North America) Inc. said it has begun the process of no longer providing chassis in certain markets, and said on July 1 the policy will be extended to the Tacoma, Seattle, and Portland markets.
The Kuwait-based logistics provider said it had a profit of 7.1 million Kuwait dinar ($25.4 million) for the first quarter of 2012, 8 percent less than what it earned in the same 2011 period. Revenue was 321.8 million Kuwait dinar, a 1 percent increase from the same 2011 period. “2011 was the first year […]
Ulrich Davis, 50, a Dutch citizen from The Netherlands, was sentenced to six months in prison for conspiring to defraud the United States by facilitating the illegal export of goods to Iran.
Stamford, Conn.-based Daymon Worldwide has launched its new Daymon Global Logistics division to offer transportation management and logistics support for its retail and supplier partners. To start the logistics arm, Daymon developed a partnership with Echo Global Logistics, a provider of transportation and supply chain management services based in Chicago. Echo supplies proprietary technology, sourcing […]
Overseers of the St. Lawrence Seaway’s operations said steel and construction industries, with their increased demand for North American commodities such as iron ore, stone and cement, has ensured a “solid start” for the 2012 shipping season. The St. Lawrence Seaway reported that year-to-date total cargo shipments for the period March 22 to […]
The Port of Virginia said Tuesday its container volume rose 5.2 percent year-on-year in April to 169,644 TEUs. It’s the third consecutive month of year-on-year growth for the port. Year-to-date volume has grown 2.1 percent in 2012 to 647,713 TEUs. The port said its rail volume rose 19.8 percent in April to […]
European farmers will be able to quickly receive time-critical parts for malfunctioning farm equipment on weekends and holidays during the upcoming harvest season with the help of German emergency logistics provider time:matters. The independent courier, which is co-owned by Lufthansa Cargo, said it will rush spare parts for harvesting machines to their destination within […]
DSV Solutions has appointed Brian Ejsing to managing director. He has been with DSV since 1986 and held the position of managing director of DSV Road in the Netherlands since 2008 as well as managing director of DSV Road Germany since 2009. Ejsing takes over from Anton van Beers who helped lead […]
An item in Monday’s AS Daily about the death of Jean-Louis Cambon failed to note that he first came to the shipping industry via a stint at the French carrier CGM.
In an attempt to unify supply chain activities, eBizNET Solutions and SPS Commerce announced a deal to develop a cloud-based service that focuses on retail, e-commerce, distribution and manufacturing companies. eBizNet will bring its software-as-a-service (SaaS) supply chain applications, while SPS will mix in its on-demand supply chain management services. The integrated service is expected […]
The bank announced Monday that U.S. business aircraft and helicopters manufacturers will benefit from a new process to assess credit risks and expedite foreign-buyer financing.
The attack followed a March 23 decision by the Council of the European Union to allow the EU Naval Force to take disruption action against known pirate supplies on shore.
Kuehne + Nagel said a unit in Japan has been granted by the Chiba prefecture government a manufacturing license for packaging, labeling and storage of medical devices at its logistics facility in Ichikawa. “The license is a huge step forward for Kuehne + Nagel to expand its position as a leading logistics provider […]
