President Obama signed into law Tuesday legislation reauthorizing the Federal Aviation Administration for $63 billion over four years and paving the way for accelerated development of the NextGen air traffic control system. The FAA Modernization and Reform Act of 2012 sets the direction and spending priorities of the agency for the first time […]
Internet retailers and other e-commerce services will generate half of the United Kingdom’s parcel volumes in the pre-Christmas peak within five years, according to Global Freight Solutions (GFS). The study by GFS, a U.K. parcel and carrier manager, found the number of packages sent by e-commerce firms during November and December last year increased 15 percent from […]
On-time arrival rates on the key east-west trades, namely the transpacific, transatlantic, and Asia-Europe, saw mixed fortunes in the fourth quarter of 2011 for the Japanese liner carrier MOL. On the nine Asia-U.S. West Coast services measured by MOL, schedule reliability declined from 95 percent in the third quarter to 92 percent in the […]
COSCO Container Lines said this week it plans to raise rates from Asia to North America in line with recent guidelines from the Transpacific Stabilization Agreement, of which the line is a member. Last week, TSA recommended lines seek a $300 per FEU increase in rates from March 15. COSCO said […]
Mediterranean Shipping Co. said this week it plans to hike rates from the Far East to the east coast of South America. The increases, $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective from March 15.
Doyle The wrong photo of William P. Doyle was included in Tuesday’s edition of AS+ and AS Daily. Doyle, chief of staff at the Marine Engineers’ Beneficial Association (MEBA), has been nominated by President Obama to be a commissioner at the Federal Maritime Commission.
President Obama’s fiscal year 2013 budget for DHS would cut net discretionary spending by $191 million, or 0.5 percent, below the 2012 enacted level to $39.5 billion.
Hamburg, Germany-based bulk logistics services provider Hoyer has expanded its operations in Russia and Ukraine. The company has opened offices in Moscow and Odessa. In addition, Axel Brewe has been named head of development in Russia and central Eastern Europe. Brewe will continue to build and expand the existing tank container […]
President Obama has nominated William P. Doyle, chief of staff at the Marine Engineers’ Beneficial Association (MEBA), to be a commissioner of the FMC.
The minority owner of liner carrier Hapag-Lloyd TUI looks set to sell part of its stake in the company to the majority shareholder, the Hamburg-based Albert Ballin consortium, according to a Reuters report.
India remains significantly underrepresented as a player in global trade, according to APM Terminals Chief Executive Officer Kim Fejfer. “The opportunities for development throughout India, one of the world’s largest and fastest-growing economies, are exciting and energizing and APM Terminals is committed to being a part of that growth,” Fejfer said during […]
The liner shipping company CSAV Norasia’s Asia-East Med Sea ABS service will become a part of Mediterranean Shipping Co.’s Asia-East Med Tiger Service beginning with the Feb. 1 sailing of MSC Luciana from Beirut. The merged joint service will sail weekly, operating with 10 vessels averaging 13,401 TEUs. All 10 ships are operated by MSC. CSAV […]
“Although figures show a decreasing number of piracy attacks, the damage done is still unacceptably high,” the European Shippers Council said, citing figures released by IMB.
French freight company Flash Europe has continued its expansion by taking over the British express logistics provider v-one. Flash said this acquisition is important because of v-one’s success with automotive markets. Flash also said v-one will round out its time-sensitive freight offerings for both air and road freight. James Griffiths of v-one will be […]
In conjunction with the changes to its Asia-Europe network announced by American Shipper Feb. 2, the ocean carrier Maersk Line has added a new inbound port call at Rotterdam and a 10th vessel to its weekly Asia-Europe loop AE9. The carrier has also dropped a westbound call at Malaga, making Rotterdam the new […]
President Obama is proposing a fiscal year 2013 budget for the Department of Transportation of $74 billion, 2 percent, or $1.4 billion, above the 2012 enacted amount. It’s one piece of a $3.8 trillion plan that raises spending to support the middle class through incentives for domestic manufacturing, lower payroll taxes, infrastructure investment and […]
Alexander & Baldwin, parent company of Matson Navigation Co., said a “continued weak transpacific operating environment” was reflected in sharply lower operating profit for its ocean transportation operations. A&B, which is also involved in real estate and agriculture, said ocean transportation operating profit was $14 million in the fourth quarter ending Dec. 31, 51 […]
The liner carrier Mediterranean Shipping Co. said this week it plans to raise rates on the trade from the Far East to Mexico and the west coast of Central and South America from March. The increase, $400 per 20-foot container and $800 per 40-foot or 40-foot high-cube container, is effective March 15.
By Eric Kulisch The nation’s freight rail system avoided disruption when railroads and a holdout union, the Brotherhood of Maintenance of Way Employees, reached tentative agreement on a labor deal. Agreement was necessary by Feb. 8, the deadline for parties to be allowed to take measures into their own hands through a strike […]
The liner carrier United Arab Shipping Co. said this week it has set up its own agency in the United Kingdom. United Arab Shipping Agency Co. (U.K) Ltd. is part of “long-term growth and regional expansion plans for staging an integrated global operation,” UASC said. The new agency replaces existing activities by Barking, U.K.-based Interfreight Shipping Agency […]
