American Shipper

   AIR Worldwide, a Boston-based provider of risk modeling software and consulting services, has extended its Catastrophe Risk Engineering (CRE) service to quantify, mitigate, and manage risks associated catastrophes in supply chain networks.    AIR’s service aims to help managers assess and reduce risks from hurricanes, earthquakes, floods, tornadoes, and tsunamis. The company said this […]

   Maersk Mc-Kinney Møller, long-time head of the A.P. Møller -Maersk Group and son of the company’s founder, passed away at the age of 98, the company said Monday.    Møller led the company from 1965 to 1993 as chief executive and chairman, then continued as chairman through 2003. In that time, Maersk grew to become […]

Stephen Fraser, interim president and CEO, said transactions announced last week to further deleverage the company leave it better positioned for “sustained investment in our business and future profitability.”

The Swiss freight forwarder said it had a profit of 133 million Swiss frances ($144 million) in the first quarter, compared to 155 million Swiss francs in the same 2011 period.

   The liner carrier CMA CGM said Monday it plans to raise rates on a number of trades from Europe in the coming weeks.    The increases are: From North Europe to Red Sea and Persian Gulf ports, $200 per container, effectively immediately. From North Europe to Asia, the Red Sea and Middle East, $100 […]

United Arab Shipping Co. has concluded a financing agreement worth $150 million that includes a seven-year senior term loan facility with Kuwait’s Burgan Bank. The carrier said the funds will help with its fleet expansion goals.

   Cathay Pacific and sister airline Dragonair saw air freight volume drop 10.7 percent in March to 144,140 tons.    The two airlines’ cargo load factor was down 2.7 percent to 68.3 percent, while capacity decreased by 2.9 percent. For the first quarter, cargo volume dropped by 10.5 percent, while capacity was down by 2.1 […]

   J.B. Hunt Transport Services said last week it had a record first quarter 2012 profit of $67.7 million, compared to $50 million in the same 2011 period.    Total operating revenue for the first quarter was $1.17 billion, compared with $1 billion for the first quarter of 2011.    Hunt said all four segments of its business […]

   An item in the April 11 edition of AS Daily incorrectly stated growth rates on Asia-Europe and transatlantic trades based on monthly figures from Container Trades Statistics. Since the beginning of 2012, CTS has provided volume on a regional basis, not a trade lane basis.    The volumes and growth rates stated in the […]

   Descartes Systems Group, a provider of logistics management software, has announced the general availability of its new cloud-based transportation management service.    The service suite includes transportation management capabilities to give companies control across their fleet and hiring operations as well as oversees carrier compliance and small package shipments.    Descartes’ Transportation Management’s advancements include: Common carrier […]

   Infosys, a provider of supply chain visibility software, has seen its stock prices drop more than 13 percent over the past week as analysts downgraded it following an outlook report of low revenue growth released on Friday.    The company reported fourth quarter revenues falling 1.9 percent sequentially but said that its fiscal year 2012 revenues grew overall […]

   A newly launched Website, CargoHandbook.com, provides transportation details related to more than 750 commodities.    The Website also offers definitions and restrictions related to the products, with the goal of reducing cargo-related incidents and claims.    In addition, it provides an alphabetical list of cargo items and is built on the same structure as sites like Wikipedia for easy searches. Users […]

Vista Equity Partners has completed its buy of CDC Software pursuant to the purchase agreement announced March 20 for about $250 million. CDC Software will now operate as a new organization, independent of CDC Corp.

With more than 600,000 Apple computers discovered to be infected with a single piece of malware this month, supply chain service providers and management professionals are going to be taking a closer look at their systems.

CHEP Aerospace Solutions has acquired an air cargo equipment manufacturing site in Copenhagen from Nordisk Aviation Products.

   COSCO Container Lines said this week it plans to hike rates and introduce surcharges on trades from the Far East to the Middle East.    The measures include a $300-per-TEU rate increase on both May 1 and May 15 for westbound shipments to the Persian Gulf, and a $100-per-TEU increase from May 1 eastbound […]

   Swissport International, a global provider of air cargo handling, now provides its customers and other partners with a track-and-trace service for mobile devices.    Built on Swissport’s Freightfinder, a track-and-trace service that has been available on the Web, the new mobile version will allow customers to check the status of shipments from smartphones and […]

U.S. goods and services exports year-to-date through February 2012 were up 8.5 percent or $28.5 billion from the same period of 2011 to reach $362.1 billion. This marks the third consecutive month of export growth, the Commerce Department said.

   Maher Terminals has filed a complaint against the Port Authority of New York and New Jersey with the U.S. Federal Maritime Commission, claiming the agency gave a sweetheart deal to a competing terminal after it won the business of its largest customer.    In October 2009, Mediterranean Shipping Co. transferred its business from Maher to the […]

   The liner carrier Mediterranean Shipping Co. said Thursday it will assess an interim fuel surcharge on intermodal shipments from Asia via U.S. East Coast ports.    The surcharges, effective May 11, are: $175 per unit for all rail moves. $235 per unit for all rail/truck moves. $80 per unit for all truck moves that […]