This week Associate Editor Eric Kulisch explains how the U.S. economy still feels the tug of an unhealthy European financial sector; a congressional effort starting May 8 hopes to reach compromise on a long-term transportation bill; and finding his Twitter voice.
YRC Worldwide said Monday it had reached an agreement with lenders to reset certain financial covenants over the life of loans and allow the company to retain all proceeds from the auction of certain surplus properties.
The ocean carrier Zim Line has ended its slot charter agreements with the G6 Alliance on the latter’s weekly Asia-Europe Loop 1, Loop 5, and Loop 6 services after only one month of sailings. Zim plans to offset this loss in available capacity by reinstating its joint AEX2/AX2/CES2 Asia to North Europe service […]
JDA Software has announced upgrades to its Transportation Manager and Transportation Planner, the company’s transportation management services (TMS) that cover long-range operational planning and daily activities. The enhancements include access to Chainalytics’ Integrated Freight Market Intelligence service, which covers freight market insights, rate benchmarks and predictive analytics. JDA’s system can now be integrated […]
Austin, Texas-based fleet management technology provider EFueling Technologies has reportedly signed a confidential deal with QuikQ to begin work on a fueling system that is entirely based on radio frequency technology like RFID chips and readers. QuikQ, headquartered in Franklin, Tenn., develops new technologies to improve the trucking industry’s control of diesel fuel transactions. […]
Manatee County Port Authority in Florida has approved a $13 million contract with American Bridge Co. for a 584-foot extension of Berth 12 and a 10-acre container yard. CH2M Hill will provide construction-phase engineering services.
Global commercial real estate service provider CBRE has advised DHL Real Estate to sell a 15,000 square-meter warehouse facility that it’s developing in Leipzig, Germany to international property fund manager, Cordea Savills. The move marks the beginning of a new program around direct development by DHL Real Estate in Europe, the Middle East, and Africa. […]
Genesee & Wyoming Inc. (GWI) reported net income in the first quarter of 2012 of $22.2 million, compared with net income of $22.1 million in the first quarter of 2011. GWI owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and […]
The American Maritime Partnership and Transportation Institute say they have not been accused of any wrongdoing and were mentioned in a lawsuit only because some of their Jones Act members were named as defendants.
Miami-based Ryder Systems has reported a 37 percent increase in profit largely due to stronger used-vehicle sales and revenue from a recent addition to its fleet management business, the United Kingdom’s Hill Hire purchased in June. The company said its first-quarter net income rose to $34.3 million from $25.1 million in 2011, while revenue climbed to $1.54 […]
The liner carrier MOL said Monday it has added a new metric to the list of monthly key performance indicators it plans to publicly share on the transpacific trade. The new metric, documentation accuracy, will be measured against a goal of 99.5 percent. The line provided data for January through March on both […]
GT Nexus and Kinaxis have announced a partnership to deliver a new cloud-based planning and execution platform for enterprise customers and business process outsourcing (BPO) service providers.
Dozens of shippers, including some of the largest and best known companies in the United States, filed five new antitrust lawsuits in April seeking damages from carriers Sea Star Line and Crowley over a price-fixing conspiracy in the trade between the U.S. mainland and Puerto Rico.
The bank announced a three-year renewal of its Short-Term Africa Initiative (STAI) that provides export-credit insurance for U.S. exporters selling to 18 countries in sub-Saharan Africa.
Descartes Systems Group, a worldwide provider of logistics services, has announced that its MobileLink GPS-based solution for managing mobile workers is now available for the Android operating system. The MobileLink service is already being used to manage thousands of drivers and mobile workers, said Sergio Torres, Descartes’ vice president of product management. Torres […]
A 15 percent increase in cargo by weight helped the Port of Baltimore set a record in 2011 of $51.4 billion worth of goods that moved over the state’s docks, a 24 percent increase in value over the prior year, according to the latest statistics released by the Maryland Port Administration. The port’s marine […]
Baltimore Mayor Stephanie Rawlings-Blake, worried that planning for a rail intermodal center to support more port-related cargo and economic growth is taking longer than anticipated, on Friday asked CSX Transportation to consider a site within city limits instead of suburban locations that face political opposition or excessive development costs. The freight railroad wants to […]
Both support and concerns about looming requirements for the use of ultra-low sulfur fuel by ships were aired Thursday during a meeting of the U.S. House Subcommittee on Coast Guard and Maritime Transportation. Chris Koch, president and chief executive officer of the World Shipping Council, told the subcommittee his organization supported amendments to MARPOL Annex […]
The U.S. Commerce Department’s Bureau of Industry and Security will add 16 persons – four individuals and 12 companies in Afghanistan, Pakistan and the United Arab Emirates – to its Entity List for providing materials used to produce improvised explosive devices (IEDs) and used against U.S. and coalition forces in Afghanistan. The persons […]
The British International Freight Association issued an alert about fake emails being sent from hackers to the trade association’s members and others worldwide, which make false requests for payments.
