Days after it rejected an acquisition bid from UPS, the Dutch document and package carrier TNT Express said it had a loss of 174 million euros ($230 million) in the fourth quarter of 2011, compared to a profit of 4 million euros in the same 2010 period.
Delta Mariner, the ship that slammed into a bridge across a reservoir on the Tennessee River last month, has resumed its voyage to Port Canaveral. United Launch Alliance, the joint venture between Boeing and Lockheed Martin that charters the ship from Foss Maritime to move rocket components from its manufacturing location in Decatur, […]
Dachser Transport of America (Dachser USA) has appointed Mickey Diaz as director of U.S. air freight. “This new position will better serve our customers, as Mickey is great asset for our shippers to meet the demands of logistics challenges faced in the U.S. market,” said Frank Guenzerodt, president and chief executive officer […]
AirNet Systems, an express air cargo airline based in Ohio, has changed its name to AirNet Cargo Charter Services alongside launching new services around chartered cargo. The company said its goal is to enhance its express cargo charter airline operations in North America. “This rebranding sharpens our focus around key market segments that require the […]
The liner carrier Hyundai Merchant Marine has received the largest containership in its history, the first of five vessels larger than 13,000 TEUs. The Hyundai Together is 13,100 TEUs and will be deployed in the Asia-Europe. The ship is also the largest vessel operated by any members of the newly formed G6 […]
The shipping line Safmarine said Tuesday it has received the first of three new Safmarine-branded WAFMAX vessels to join the fleet of its parent company A.P. Moller-Maersk this year. The 4,500-TEU Safmarine Chilka has been built for the African trades and will be deployed on the Far East-Africa trade. Safmarine said […]
Remarks by Mike Toohey, president and chief executive officer of the Waterways Council Inc. (WCI), when the proposed 2013 Obama budget for the U.S. Army Corps of Engineers was released gave us pause. Toohey focused his remarks on the Olmsted Lock and Dam on the Ohio River, which WCI spokesperson Debra Colbert told […]
Consumer spending in the United States is more than two-thirds of the economy. At least that’s what we’re taught to believe by most economists and journalists writing or talking about it. In fact, most analysts now put consumer spending at 70 percent. That’s a fallacy, according to one contrarian. Scudder Smith is […]
Al Gina, assistant commissioner for international trade at U.S. Customs and Border Protection, has a knack for warming up the crowd with jokes when he speaks in public. Last time I wrote about him on this page, he was trying out his comedy at the National Customs Brokers and Forwarders Association of America’s event […]
Intellectual property theft when it comes to high-tech products usually involves sophisticated criminals. Sale of fake electronic products produced overseas is a big problem for manufacturers. But a recent Louisville Courier-Journal story caught my eye for its rudimentary effort to con buyers. In late January, a Tennessee man was arrested in Louisville, […]
Please note that in your cover story in the January issue — “The 3 percent rule” (pages 32-38) — the writer overlooked the fact that UASC also ordered nine 13,500-TEU ships ( A13 Class) of which two have already been delivered and the rest to be delivered in the first half of this year. They will […]
By Chris Gillis Liner carriers and many large shipper logistics executives once made a sport out of talking down to the non-vessel-operating common carrier industry. Twenty to 30 years ago, that rhetoric was warranted, especially when the NVO business was still in its infancy and struggling for validation among shippers and liner carriers. […]
By Tom Nightingale president of sales and marketing, ModusLink Global Solutions Crisis over euro pits leader against leader,” “S&P defends mass European downgrade,” “Tensions rise over euro zone firewall” — these are just a few of the disconcerting news headlines we’ve seen in recent months.
By Chris Dupin The drayage company Unimax filed a class action lawsuit against liner carrier COSCO in the U.S. District Court in California, alleging it unlawfully levies fees for the late pickups and drop-offs of containers on weekends and holidays in violation of California law. COSCO moved to compel Unimax…
By Pierce Homer transportation director Moffatt & Nichol As economic activity picks up things that were left undone during the last several years, such as development of a new transportation authorization bill, could become a barrier to recovery in the near term and prosperity in the long term.
The liner carrier Orient Overseas Container Line has made a huge commitment to its operations in Southern California. In late January, the Hong Kong-based line tied up a deal with the Port of Long Beach to pay $4.6 billion over 40 years to lease the to-be-completed Middle Harbor property currently being redeveloped by the port.
Oscar Hasbún, chief executive officer of the Chile-based container shipping company Compañía Sud Americana de Vapores (CSAV), said his firm has sized itself correctly and strengthened its liquidity as the liner industry enters into what looks to be another difficult year. Hasbún told American Shipper in an interview in late January that he was “absolutely optimistic” about CSAV’s […]
The Korean shipbuilder Samsung Heavy Industries is reportedly working on designs for a 13,200-TEU ship that would be able to transit the Panama Canal. Previously, it was thought that vessels of 12,000 TEUs would be the largest to transit the new wider set of locks due to open in 2014.
Exporters in Oregon and southwest Washington are benefiting from Asiana Airline’s new non-stop all-cargo service connecting Portland International Airport directly to Incheon Airport in South Korea, according to port authority officials in Portland. Asiana launched the three-times-per-week service in September using Boeing 747 jets, which first land in Miami and Atlanta.
President Obama signed legislation on Feb. 14 redefining the roles, responsibilities and funding priorities of the U.S. Federal Aviation Administration after more than four years of delay that hindered progress on new fronts. The four-year reauthorization bill will accelerate deployment of a modern air traffic control system, dubbed NextGen, that relies on much more precise satellite-based […]
