Canadian Pacific Railway said Friday it had a profit of $142 million in the first quarter of 2012, more than triple the $34 million it earned in the same 2011 period. Revenue was $1.38 billion in the first quarter of the current year, 18 percent more than in the same 2011 period. The company […]
The market experienced growth of $900 million in 2011 and is expected to expand 20 percent year annually through 2017. The biggest drivers for RFID will be increased use in government, retail, and transportation and logistics services.
Los Angeles’ total volume for the month increased to 650,452 TEUs, while neighboring Long Beach reached 461,590 TEUs.
American Honda Motor Co. has started shipping new CR-Vs manufactured at its plant in East Liberty, Ohio, to the Port of Jacksonville for export to the Middle East, Africa and Puerto Rico, the port authority said. After evaluating several ports, Honda selected Jacksonville and auto processor AMPORTS to receive, prep and load the new CR-Vs on […]
Odyssey Logistics & Technology Corporation (OL&T), a Danbury, Conn.-based logistics service provider, has acquired Interdom Partners, an intermodal services company. Interdom, based in Palos Heights, Ill., has experienced a double-digit growth over the past three years. Robert Shellman, OL&T’s president and chief executive officer, said his company plans to keep expanding its logistics services through […]
Members of the U.S.-Libya Business Association (USLBA) on Saturday arrived in Libya to begin a five-day trade and investment delegation visit. The delegation includes 37 representatives of 20 U.S. companies and organizations. The group represents a wide range of U.S. industry sectors, including healthcare, education administration, training, energy, construction, logistics, infrastructure, construction support, […]
Jumbo Shipping, a leading transporter of oversized and heavy cargoes, said it has ordered a second new “K-class” ship, with an option for a third. The company said it has also decided to upgrade the lifting capacity of the vessel cranes from 1,300 to 1,500 metric tons, enabling tandem lifts of 3,000 metric tons. The company’s […]
The U.S. Foreign-Trade Zones Board, operating under the U.S. Commerce Department, has approved a foreign-trade zone (FTZ) subzone for the Benicia refinery operated by Valero Refining Co. in California. The FTZ will operate as a subzone of the Port of San Francisco’s Foreign Trade Zone No. 3. Subzones are typically areas near but […]
CUSTOMS Info (CI) has made a version of its CI Mobile app available to freight forwarders, allowing them to provide trade information to their clients for free. The information sent from the app, including details on duties, taxes and denied party lists, will be branded with the forwarder’s contact information. The app is […]
An executive at the Port of Long Beach dismissed the possibility that dockworkers on the West Coast would engage in work slowdowns or other sympathy action if negotiations between the International Longshoremen’s Association…
The line had stopped accepting bookings in late March due to a backlog of cargo in Europe, which was created by sailing cancellations following the Chinese New Year and was estimated to be cleared by early May.
The transaction between UMG and Ingram Barge is expected to close in the second quarter of 2012, subject to regulatory approvals and other conditions.
US Airways announced Friday that it has reached agreement with the three unions representing American Airlines workers on what a collective bargaining agreement would like if the company took over American.
Expeditors International of Washington cautioned investors that its first quarter results may miss estimates by Wall Street analysts. “Our preliminary data seems to reveal a trend where existing customers, particularly air freight customers, are shipping at lower volumes than we experienced during the 2011 first quarter,” said Peter J. Rose, chairman and chief executive officer. […]
The Port of Los Angeles Harbor Commission on Thursday unanimously approved a new five-year strategic plan that focuses on retaining its place as the top U.S. seaport, among a variety of other goals. The plan is built around three main areas of emphasis – competitive operations, strong relationships and financial strength. Underlying those […]
LeanLogistics, a provider of transportation management system applications and supply chain services, has expanded into France by opening an office in Paris. The office will provide support and sales for its logistics services and technology, such as its On-Demand TMS. LeanLogistics’ On-Demand TMS already supports multiple languages and French regulations and government processes. […]
The U.S. International Trade Commission on Thursday determined that imports of certain steel nails from the United Arab Emirates have materially injured the domestic steel nail industry. The case was brought before the ITC by Mid Continent Nail Corp., one of nine remaining domestic steel nail manufacturers. The case alleged that unfairly low-priced steel […]
The Port of Brownsville handled 6.1 million tons of cargo in 2011, 16 percent more than the prior year. The Texas port said in a statement that while it is primarily thought of as a steel port, it has “made a conscious push to diversify the types of cargoes handled.” “We are among […]
FESCO North West Europe said Friday it has appointed Mundo International Logistics as its U.K. agent. The deal allows FESCO to package its container services from Russia and the CIS nations through associated rail and road transport services. FESCO North West Europe is part of the FESCO Transportation Group and offers a […]
Union Pacific reported first quarter profit of $863 million, 35 percent more than the $639 million it earned in the same same 2011 period. Revenue was $4.8 billion in the first quarter of 2012, 14 percent more than in the first quarter of 2011. The railroad said first quarter business volumes, as measured by total […]
