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.
Hong Kong-based Kerry Logistics said on Monday that it has acquired Taiwan-based Trustspeed Medicine Logistics. The acquisition will strengthen Kerry’s capabilities in the pharmaceutical and healthcare logistics sector and extend its Asian distribution network in the market, the company said. “This is a major step forward for Kerry Logistics to expand its presence […]
The liner carrier CSAV saw its volume in March plummet compared to the same month in 2011, but also saw its average revenue per TEU rise to a 16-month high. In a monthly operational update, the Chilean carrier said its container volume in March was 146,100 TEUs, 52.7 percent lower than in March […]
Crane Worldwide Logistics has moved to its new headquarters in Houston, a facility that houses both its offices and warehouse operations. Crane said its expansion will better facilitate its freight forwarding and third-party logistics services for deliveries by air, land and ocean. The new facility doubles Crane’s warehouse space, including a larger storage yard, which […]
International Shipholding Group said last week it had a profit of $7.9 million in the first quarter of 2012, compared to $24.1 million in the same 2011 period. Last year in the first quarter, the company had a $18.7 million gain from taking full ownership of two dry bulk ships. Excluding the non-recurring transactions, […]
Maersk operation tailored to balance U.S. import and export international container volumes. By Francis Phillips Beginning early March Maersk Line launched a premium transpacific eastbound service called Flagship. It offers weekly day of availability connections between 15 ports in Asia and five inland destinations in the United States, including Chicago, Houston, Dallas/Fort Worth, […]
Opponents of dredging the Port of Miami’s main shipping channel to 50 feet will withdraw petitions seeking to block the project after Miami-Dade County officials agreed to contribute $2.3 million to support environmental programs.
The Office of Foreign Assets Control (OFAC) said a Colorado-based medical equipment manufacturer will pay $126,000 to settle charges that it knowingly shipped medical devices to Iran through the UAE.
LINC Logistics Co. said it plans to raise $170 million through the sale of 11.3 million shares of stock in its upcoming initial public offering (IPO). The company said it expects to shares to go for $14 to $16 per unit. Roughly 9.91 million shares of common stock will be made available, while a […]
