Lars Jensen, chief executive of SeaIntel Maritime Analysis, expects as large new ships enter the Asia-Europe trade, vessels now plying that trade will be cascaded into the transpacific, potentially swamping the market with excess tonnage.
The agency issued a final rule for freight index-based service contracts, which will give flexibility and certainty to ocean carriers and shippers.
By Eric Kulisch A major part of President Obama’s economic blueprint for sustainable growth focuses on ways to promote U.S. manufacturing and create more jobs. One of the ways he wants to do that is through the tax code, lowering rates for companies that operate in the United States and closing loopholes for […]
The inland services division of APM Terminals has entered into a joint venture with MIV Logistics to develop a container freight station (CFS) for India’s provincial government of Kerala. The CFS will be located in Vallarpadam, a port near Kochi with deep water that is expected to become a major gateway for South […]
Xata Corp., a provider of fleet optimization software, and ALK Technologies, which operates geo-logistics and navigation software, have joined forces to start the new CoPilot Truck 8 Professional integrated with XataNet, providing users with enhanced routing information available on a range of hardware. The on-board navigation service calculates optimal, truck-specific routes without using mobile […]
Aidmatrix Foundation has released the latest version of its Aidmatrix Network for Humanitarian Relief, shifting to a software-as-a-service (SaaS) model for its partnering with non-governmental agencies (NGOs), businesses, and government agencies. The foundation said the major additions include integrated platforms like the SCM4Good, SCM4Giving, and SCM4Hunger. These integrated platforms provide end-to-end offering for the […]
INTTRA, an independent transactional network for ocean freight, has joined with one of the world’s top dairy exporters Fonterra to develop and deliver a standardized electronic bill of lading. Using the new INTTRA e-B/L (electronic bill of lading) process, the company said sellers and exporters can quicken their order-to-cash cycle, reduce days of […]
The U.S. Justice Department said an Australian man and his company were indicted last Thursday by a federal grand jury in the District of Columbia for conspiring to export sensitive military and other technology from the United States to Iran, including components with applications in missiles, drones, torpedoes, and helicopters. The five-count indictment […]
The U.S. House Ways and Means and Senate Finance committees last week introduced legislation clarifying the Commerce Department’s ability to apply countervailing duties (CVDs) on subsidized imports from non-market economies, including China. The legislation was praised by the Obama administration. “This bill would ensure the 24 existing CVD orders on imports from […]
Aspen Logistics and United National Consumer Suppliers (UNCS) have entered an agreement that will cover the purchase, warehousing, and shipping of products into new online markets. The agreement emerged in response to an increase in Internet shopping, especially online contest and daily deals that have enhanced the momentum of immediacy and whim shopping. Aspen is a […]
Maersk’s new chief executive officer, Soren Skou, explained how the line now plans to make hard-line adjustments to improve profitability, but not at the expense of market share.
The Transportation Intermediates Association and the China International Freight Forwarders Association have entered into an agreement in Beijing to promote mutual commerical cooperation.
Carl D’Emilio, president of the combined companies, said the merger is “interesting and exciting because Advent and eModal had competed for many years in the port community space and in the chassis realm.”
Container throughput at the South Florida port grew 8.3 percent in 2011 on a calendar year basis to 914,913 shipping units, according to statistics provided by the port authority.
Florida East Coast Railway has appointed Andrew Westhoff as vice president of sales and marketing. Westhoff has an extensive railroad background and was with CSX Transportation for over 20 years in various finance and commercial roles. His most recent position was director of yield management for intermodal. Prior to joining CSX, he was with the accounting […]
DB Schenker, based in Berlin, is combining its ocean freight services geared to the beverage industry under the new name DB SCHENKERbeverages. The service previously had a large focus on wine and liquor and was called DB SCHENKERwine. “The new product name is a simple necessity,” said Diederick de Vroet, head of […]
U.S. Customs and Border Protection is expected to release this month a draft strategic plan for taking its Air Cargo Advanced Screening system from a limited pilot program to a mandatory requirement that carriers pre-file information on all air shipments bound for the United States, according to industry representatives and government officials involved […]
Horizon Lines said Friday that it will raise rates for shipping cargo between the mainland United States and San Juan, Puerto Rico, effective April 1. The company has filed the rate increase with the U.S. Surface Transportation Board. Ocean cargo rates per TEU will increase for non-refrigerated service between San Juan and Elizabeth, N.J.; […]
The Swiss forwarding and logistics company Kuehne + Nagel reported a profit of 606 million Swiss francs ($665 million) for the full year 2011, compared to 605 million the prior year. Revenue for the year was 19.6 billion Swiss francs, compared to 20.3 billion in 2010. The company said revenue in North, […]
Massoel, a Swiss-based owner and operator of 14 bulk carriers, has appointed Lionel Fluckiger to chief executive officer and made a number of other changes to its management and operational staff. He replaces Michael Deslarzes, who left the company at the end of 2011. Before that, Fluckiger was chief financial officer since January […]
