The liner carrier OOCL said Tuesday it plans to hike rates on the westbound Asia-Europe trade from May 1. The increase, $450 per TEU, is applicable to the Far East (excluding Japan), the Indian Subcontinent, and Middle East to Northern Europe, the Mediterranean and the Black Sea. OOCL’s proposed hike is larger […]
The Panama Canal Authority said it had record tonnage in its fiscal year 2011, which ended on Sept. 30, but also acknowledged that some parts of its project to expand the canal are taking longer than expected. “Four years after the beginning of the expansion work, the board feels extremely satisfied with the […]
By Eric Kulisch U.S. Customs and Border Protection on Friday publicly released its strategic plan for securing air cargo by screening advanced data from carriers and forwarders. A pilot program quickly initiated by the agency in conjunction with express carriers following the October 2010 Yemen printer-bomb plot, has pre-cleared 14 million transactions using shipment-related data […]
Oz Development, a Westborough, Mass., cloud-based application and integration service provider, and SPS Commerce, which provides on-demand supply chain management solutions, have partnered on a new cloud-based integration and supply chain solutions platform aimed at manufacturing, distribution, retail, and e-commerce companies. The goal of the systems is to allow these companies to comply […]
Austerity measures will result in a weak first quarter for North Europe ports, says Ben Hackett, founder of the consultancy Hackett Associates, in the latest edition of the North Europe Global Port Tracker report. The report, prepared with the Institute of Shipping Economics and Logistics (ISL) in Bremen, is projecting European deep-sea import growth for […]
The Asia-Northern Europe trade looked to have turned a corner in the past month, with recent spot rate levels rising. But the London-based consultancy Drewry warned that the industry should not be “lulled into a false sense of security” in its latest Container Forecaster report “The perception might be that the industry […]
Chicago-based Echo Global Logistics has said it will increase its offices in Arizona to accommodate additional employees from its acquisition of Advantage Transport. Echo acquired Advantage Transport, a $26 million truckload freight brokerage company, in July of 2011 and has now signed a lease for an 11,000 square-foot office in Scottsdale. The new […]
The logistics company Globe Express Services has developed a joint venture with Rome-based air and ocean freight forwarder International Transport Services Associated (ITSA). ITSA, established 33 years ago, is the fourth largest forwarder in Italy in terms of volume on Asia-Italy trade, and operates branch offices in Milan, Venice, Taranto, Pomezia, Civitavecchia and […]
The Containerization & Intermodal Institute (CII) is seeking nominations for its annual Connie Awards being held on Oct. 2, 2012, at the Renaissance Hotel in Long Beach, CA. The Connie Award, named for the container, has been presented every year since 1972. The award honors those who have made outstanding contributions to the […]
Caribbean carrier says it’s in a stronger position due to exit financing from new majority shareholders SEACOR and Whippoorwhill, with creditors due to receive 95 to 100 percent of their pre-bankruptcy filing claims
The Taiwanese liner carriers Evergreen Line and Yang Ming both posted losses in 2011, according to financial statements filed with the Taiwan Stock Exchange. Evergreen Marine Corp., said it had operating losses of $25.5 million, compared to the $2.9 million it made in 2010. Revenue fell 9.8 percent, to $505.7 million. The […]
The ocean carriers Hapag-Lloyd and Hanjin Shipping will raise capacity on their weekly Mediterranean-to-Montreal gateway MCA loop by increasing the size of two vessels, according to research from American Shipper affiliate ComPair Data. Although the carriers will only change two of the five vessels on the MCA, average ship capacity will increase nearly […]
Evergreen Shipping Agency (America) Corp., North America agents for global ocean carrier Evergreen Line, has named Roy Amalfitano as president, the company said Monday. Amalfitano, who has been with Evergreen since 1984, most recently was executive vice president of the company, headquartered in Los Angeles. In his new position, he will work out […]
Zim said it will restructure its global procurement activities by creating an organization that will be responsible, among other things, fot the procurement of fuel, vessel chartering, terminals and feedering. David Arbel, chief procurement officer, said the change “is part of the company’s constant efforts to maximize efficiency and achieve performance excellence in […]
Melton Logistics of Tulsa, Okla., a non-asset based third-party logistics company said this week it is rebranding itself as Conexus. Conexus will continue to operate the existing Melton locations under the same leadership. The company was established in 2003 with a focus on the flatbed and step-deck business, but shifted to warehousing, inventory […]
Microsoft’s ongoing litigation with Motorola Mobility Holdings has caused the company to move its European logistics operations from Germany to the Netherlands. The move of the logistics services unit, run by outsourcing service provider Arvato, marks the first major shift of a technology platform and service arm out of Germany that was specifically […]
Jacksonville, Fla.-based Suddath Global Logistics has expanded its sales team by adding Donna Desmond as its latest global sales executive. Desmond, who has 23 years of experience in the industry, will focus on developing new accounts for Suddath with an emphasis on high-tech companies and government contracts. Suddath is a multimodal transportation […]
Italian authorities have fined 15 companies and two trade associations more than 4 million euros ($5.3 million) for what it called a “secret cartel of shipping agents at the Port of Genoa” that operated a price fixing agreement for more than five years. The Italian competition authority — Autorita Garante della Concorrenza e […]
Around 80 percent of claim incidents are avoidable, club director tells Hong Kong conference, as he recommends investment in training and better maintenance to alleviate the growing insurance costs of human error
Minnesota-based HighJump Software, provider of supply chain management software, said that its TrueCommerce EDI Solutions Group has enhanced the company’s EDI solution for users of the Sage 100 ERP (formerly Sage ERP MAS 90 and 200) business management software. HighJump, which says it has the only EDI solution endorsed and distributed by Sage, […]
