The container line APL lost $446 million from continuing operations in 2011, nearly wiping out the $492 million in operating profits the line made in 2010. APL’s losses were reported Wednesday by Singapore-based parent company NOL.
Cheetah Software Services, a provider of information technology, has delivered the next version of its mobile application to Ward Transport and Logistics, a regional trucking company. Running on the Android platform, Cheetah Mobile connects field workers with dispatch, customer service, management, and customers through two-way messaging, dynamic ETA updates, and POD verification. […]
The number of Industry Integration Centers for Excellence and Expertise within U.S. Customs devoted to centralizing the import process for trusted shippers could double to four this fiscal year, Acting Deputy Commissioner Thomas Winkowski recently said. Customs and Border Protection last fall established two Centers of Excellence and Expertise (CEE) – one in […]
The advisory and research company Drewry said shippers should expect reliability levels to fall as rates rise, if recent research is an indicator. “When rates have been good for carriers, reliability has been below par, while the two best on-time results have occurred in periods when prices have been on the floor,” […]
The announcement followed the completion over the President’s Day weekend of work by the United States and South Korea to review each other’s laws and regulations related to the implementation of the agreement.
The containership chartering firm Danaos recorded profits in the fourth quarter and full-year 2011, compared to losses a year earlier, but the company’s chief executive officer said the charter market for containerships is in “breakeven mode.”
U.S. Customs and Border Protection published a notice of proposed rulemaking that would make substantial changes to the way imported merchandise is transported inland under a bond.
U.S. aircraft manufacturer Boeing will participate in the U.S. Export-Import Bank’s Supply-Chain Finance Guarantee program, which provides competitively priced working capital financing to suppliers of goods or services to U.S. exporters. Ex-Im Bank approved the Boeing supplier program in September 2011 with an initial capacity of $740 million. The bank can guarantee […]
The U.S. Export-Import Bank will provide small exporters with revolving credit through a new product called Global Credit Express (GCE). “This new product will provide additional liquidity for eligible American exporters and access to financing at a reasonable cost,” said Bank Chairman Fred P. Hochberg, in a statement. Through GCE, small business […]
Trenck A leading shipping analyst said last week he expects the transpacific trade to perform better in 2012 than it did in 2011. “I feel better about the U.S. short-term than many other areas of the globe,” Charles de Trenck, founder of Hong Kong-based Transport Trackers, wrote in his 2012 forecast. “The political […]
The U.S. Commerce Department’s Bureau of Industry and Security Undersecretary Eric L. Hirschhorn on March 1 will meet with leading Silicon Valley companies to update them on the reform of the country’s export control regulations. The two-hour seminar, scheduled from 6 p.m. to 8 p.m. at SAP in Palo Alto, Calif., is […]
Phoenix-based Banner Health said it saved $41.5 million in a single year through a partnership that focused on reducing supply chain costs, eliminating clinical variations and improving the overall quality of care delivery. Banner said by partnering with Premier, a performance improvement alliance of more than 2,500 U.S. hospitals and 81,000-plus “other” healthcare […]
MercuryGate International, a transportation management solutions (TMS) service provider, has announced a partnership with JFE Pfe Ltd., a supply chain services provider, to create MercuryGate Asia Pacific. MercuryGate has operated in the Pacific Rim region for some time, but said the move was to add a global face forits TMS in the region, as well […]
The ocean carrier Maersk Line has dropped a port call at Port Elizabeth in favor of a new call at Cape Town and added a seventh vessel to its weekly Middle East/India-South Africa MESA service, increasing round-trip voyage time from 42 days to 49 days. The revised rotation of MESA is Dubai, […]
Government logistics services provider LMI will establish a southeast region office via its recent acquisiton of Belzon Inc., a government consultancy in Huntsville, Ala. LMI, which focuses on defense and intelligence, health care, homeland security, energy and environment, and civil government work, said the purchase was finalized, but did not disclose financial terms. Belzon […]
The liner carrier Mediterranean Shipping Co. said it plans to raise rates on the trades from the Indian Subcontinent and Middle East to Europe from March 1. The increases are: $200 per TEU from Indian and Pakistan to Northern Europe. $150 per TEU from Middle East to Europe, including Northern Europe, the Mediterranean, […]
W.I.S. Logistics, a third party logistics (3PL) company in Wisconsin, has signed a deal to use Transite’s JaguarTMS as its transportation management system. W.I.S. said that support for online LTL rating, carrier selection, shipment tender, bills of lading and tracing were key in its decision. The 3PL offers a variety of services […]
London-based advisory and research company Drewry said Tuesday it has opened a new office in Shanghai. “Through this new site, Drewry is now better placed to serve key clients, while also using local market knowledge to support international clients,” the company said. “Drewry is no stranger to the Chinese market, having built long-established […]
Expeditors International of Washington reported a profit for the fourth quarter ending Dec. 31 of $92.8 million, 4 percent less than the same 2010 period. Revenue for the quarter was $1.5 billion, down 5 percent, while net revenue was $476 million, a 5 percent increase. For the full year, the company […]
The shuttered transpacific liner carrier The Containership Co. earlier this month won a decision in U.S. Bankruptcy Court that could help the line recoup lost revenue from its former shipper customers.
