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 […]
Navajo Express, a Denver-based trucking company, said it will expand its dry van division, Digby Truck Lines. Don Digby Jr., the company’s president, said he expects to see a lot of dedicated heavy-haul opportunities along the U.S. West Coast and intermountain region. As part of its Digby Truck expansion, Navajo opened a new terminal in Auburn, Wash., on April […]
Dutch logistics services provider IJS Global has appointed Matthew Deer to head of ocean freight for Europe, the Middle East and Africa. Deer joins IJS after holding various positions at global shipping lines as well as senior positions in the logistics business. Based at the company’s London-Heathrow office, he will report to […]
Hapag-Lloyd said Wednesday the service it operates with MOL and Zim will split into two services from May. The service, which Hapag-Lloyd calls WAX, will effectively become a long-line service with a complementary feeder.
The U.S. Justice Department announced Tuesday that it has seized more than $896,000 in proceeds from the distribution of counterfeit sports apparel and jerseys sold online and seized seven domain names engaged in the sale of fake goods. The investigation of the fraudulent sales is part of Operation In Our Sites, led by the […]
After only one month back at full-speed, ocean carrier Maersk Line has again slowed its FM3 service between Asia and the Indian Subcontinent and added a call at Shanghai. American Shipper reported Feb 28 that the FM3 had resumed a six-week roundtrip voyage time after having slowed to seven weeks (reported by American […]
The liner carrier CMA CGM said Wednesday it plans to increase rates on the westbound Asia-Europe trade from May 1. It’s the third time the French line has raised rates in recent months as it and other container lines seek to bring rates on the trade back to higher levels. The increase is […]
