The Memphis, Tenn.-based express carrier said it had profit of $521 million in its third fiscal quarter ending Feb. 29, up 126 percent from the $231 million earned in the same period a year earlier.
Choice Logistics, a provider of critical service parts logistics, has hired Robert Andrews as its new vice president of global field operations. Andrews, who has worked with logistics operations in a handful of countries, will focus on expanding the company’s overseas operations. More than 75 percent of Choice’s current clients have international service requirements and more […]
Smiths Detection has named Sal Cipres its new head of global programs, overseeing the company’s work in transportation, military, ports and borders, emergency response and critical infrastructure markets. Cipres was formerly general manager of Smiths’ Edgewood, Md. facility and director of global chemical and biological programs. Smiths develops government-regulated technology products that help […]
The U.S. Coast Guard will publish Monday a new rule establishing a standard for the allowable concentration of living organisms in ship ballast water that is discharged into U.S. waters, Christina McDonald, associate general counsel of regulatory affairs at the Department of Homeland Security said yesterday at the American Bar Association’s Homeland Security Law conference in […]
The liner carrier Mediterranean Shipping Co. on Wednesday said it would begin immediately charging a no-show fee on bookings that failed to materialize on the eastbound Asia-Europe trade.
The Long Beach, Calif.-based supply chain company UTi Worldwide said profit for the fourth quarter ending Jan. 31 was $12.4 million, compared with $14.5 million in the same period a year earlier. Revenue was $1.15 billion, up less than 1 percent. However Chief Executive Officer Eric W. Kirchner said on an “adjusted basis,” operating profit grew […]
The 33-year concession will require an estimated investment of $992 million from APM Terminals for the design, finance, construction, operation and maintenance of the terminal.
Canadian National Railway said it will buy 161 high-horsepower locomotives to accommodate anticipated traffic growth and to improve efficiency. Sixty five units will be new and 96 will be second-hand. CN will take delivery of new ES44AC locomotives from GE Transportation in 2013-2014, and 30 new SD70ACe locomotives from Electro-Motive Diesel (EMD). The GE units […]
Leading Edge Logistics (LEL), a non-asset based third party logistics company, has acquired C&F Logistics of San Juan, Puerto Rico and will roll those operations into its Puerto Rico division LEL Caribe. By acquiring C&F, a non-vessel-operating common carrier, LEL hopes to become a top NVO in the Caribbean. For its North American operations, […]
Freight forwarder Panalpina has started the first phase of a finance and accounting business process outsourcing initiative as part of a seven-year agreement with Accenture that it signed in October 2010. Panalpina said it’s working with Accenture to consolidate and standardize financial processes for its global operations including purchase-to-pay, order-to-cash and record-to-report services. The […]
“K” Line said Friday it plans to include two new China calls on its twin weekly JABCO services between Japan, China, and Southeast Asia. JABCO 1 will get a new call at Ningbo and JABCO 2 will get a new call at Da Chan Bay from April 23 and 25, respectively. The […]
The St. Lawrence Seaway opened its 54th annual shipping season on Thursday. Canada’s St. Lawrence Seaway Management Corp. (SLSMC), which along with the U.S. Saint Lawrence Seaway Development Corp. manages the waterway, predicted that cargo shipments would rise by about 3 percent to 38.6 million tons in 2012. SLSMC said “exports of coal are expected to […]
Klinge Corp. has introduced a new and lower-cost version of its blast freezer container, which quickly freezes cargo to -60°C (-76°F). The new version of its CBU-30 freezer follows the company’s acquisition of Denmark’s Norfrig Equipment last year and the decision to shift production to the company’s headquarters in York, Pa. The company has […]
Maersk’s decision this week to stop accepting export bookings from Europe to Asia is due to a confluence of factors, not a singular spike in demand on the eastbound Asia-Europe trade, according to Mathijs Slangen, maritime advisor for the investment banking firm Seabury Group. Slangen told American Shipper Thursday that while westbound demand […]
Encompass Global Logistics said it has opened a New York office to oversee current business, and develop new customers in the U.S. North and Southeast. The Irvine, Calif.-based 3PL said the regional headquarters was part of an ongoing strategy to offer locations near its customers. Tom Hickey, formerly of DHL, has joined Encompass to head the […]
The liner carrier CMA CGM said Wednesday it plans to raise rates in April on a number of trades from Asia and the Middle East. From the April 1, the proposed increases are: From the Middle East and India to East Africa on the line’s SWAX service, $200 per TEU. From the Middle East and […]
The company said the service will allow it to offer next-day connections into much of the western United States and Canada from a greater number of Asian origin locations, including key trade hubs in Singapore, Kuala Lumpur, Bangkok and Manila and a significant number of cities in China.
CargoNet, a source for cargo theft information, said it recorded 1,215 cargo theft incidents last year, 17 percent more than the 1,035 in 2010. Its annual report said 116 incidents involved base metals, 229 electronics, 105 apparel and accessories, and 200 prepared foodstuffs and beverages. Most cargo theft incidents occurred on Fridays (227), Saturdays (202), […]
Joseph C. Curto, president of the New York Shipping Association, said Wednesday that management will address excessive staffing and overtime payments…
The liner carrier OOCL said Wednesday that one of the G6 Alliance’s services from Asia-Europe has dropped a call to Gdansk, Poland, due to “unforeseen circumstances of securing a berthing window.”
