Singapore Airlines Cargo will manage upstart air carrier Scoot’s bellyhold capacity. Scoot is a new low-cost intra-Asia airline based in Singapore. The carrier will begin commercial flights in June, operating daily services between Singapore and Sydney, and five-times-weekly services between Singapore and Australia’s Gold Coast. In addition, it will operate four-times weekly to […]
Global liner carrier reliability increased from 78 percent in February to 79 percent in March, according to the latest figures from SeaIntel Maritime Analysis. Among the top 20 container carriers, the three top positions are unchanged, with Maersk Line in the lead followed by Hamburg Süd and APL. “The difference in global reliability across […]
President Obama visited the Port of Tampa Friday and spoke about the benefits of trade with Latin America on his way to the Summit of the Americas in Colombia. The president reiterated that increasing exports to the rest of the world is a part of his plan to help restore American manufacturing and create jobs.
The liner carrier MOL said Monday that it met its regional key performance indicator goals in March for operations, customer service, and electronic data interchange. The company began publishing its KPI performance on a monthly basis in February. For March, the line met its goals for each indicator, as it had in […]
Newgistics, a provider of small parcel delivery and freight shipping services, announced it will offer a delivery and return service to and from the United States and Canada for U.S.-based retailers and e-commerce merchants. It has partnered with Canadian parcel distributor Landmark Global to use its brokerage services, logistics knowledge, and existing partnership with Canada Post. […]
Freight-matching service 123Loadboard.com is expanding its controlled posting tool to all truck brokers and logistics professionals using the service. The Load Posting offering is a free service, with integration into another company’s own system also free, and has been updated with a control tool to allow brokers to list carrier requirements in orders. […]
The Inter-American Development Bank last month finalized a $20 million loan to Plaza Logistica SRL for construction of two logistics parks in outside Buenos Aires, Argentina, according to the multilateral bank’s Website.
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.
