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.”
Manica Group Namibia (MGN), one of the largest logistics services providers in Namibia, has signed a deal to implement CargoWise’s ediEnterprise via its South African partner Compu-Clearing Outsourcing Ltd. CargoWise signed a partnership with Compu in March 2010, and the pair have seen success in South Africa for the ediEnterprise platform. This deal […]
Roland K. Bullard II, president of Fastship and two affiliates, FastShip Atlantic and Thornycroft, Giles & Co. Inc., said “the combination of deal fatigue and the collapse of the global economy in 2008-2009 forced the debtors to abandon their original commercial business plan.”
Trond Kleivdal, chief executive officer of Color Line AS, has been elected president of the Norwegian Shipowners’ Association. “Over the years, many people have written off Norway as a maritime superpower, but they’ve always been proved wrong,” Kleivdal said. “The maritime industry is one of Norway’s most valuable ‘renewable’ resources. The shipping companies […]
Descartes Systems Group, a Waterloo, Canada-based company that provides cloud-based software for logistics businesses, has deployed its cloud MobileLink application to eliminate paperwork on Ferguson Enterprises’ systems. Virginia-based Ferguson, which says it is largest wholesale distributor of residential and commercial plumbing supplies in the United States, said it has automated its proof-of-delivery process and now […]
Marken, a global clinical supply chain service provider with a presence in more than 150 countries, has started a new shipping system designed specifically for biological samples and clinical trials. Marken’s BioSystem is the latest addition to its biological-related logistics services and focuses on long-term temperature control as well as standardized box dimensions for freight […]
A new study by research firm RAND Corp. argues that traditional revenue sources are not sufficient to address the United States’ infrastructure shortcomings and their effects on U.S. supply chains.
