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 […]
VHI Transport, a woman-owned logistics management firm based in Chester, Va., has appointed Kristy Seaton to vice president and Connie Whitley to global head of sales. Seaton was previously the company’s supply chain director. Before that, she worked for Coca-Cola Enterprises serving in different departments including working with their supply chain and SAP […]
Parsons Binckerhoff has appointed Phillip Girandola to director of ports and marine in the U.S. Northeast. New York-based Parsons Brinckerhoff is a global infrastructure consulting, planning, engineering and program/construction management firm. Girandola has more than 27 years of experience as an engineering consultant and construction contractor in marine and heavy civil projects.
Seattle-based Zonar has announced its new ZTrak solution for companies that need to manage the transfer of assets and track the locations of valuable materials. Zonar said the service could be used to track equipment, shipping containers, hazardous materials trailers, rental equipment, high security items, and other assets that must stay in certain […]
December exports and imports totaled $178.8 billion and $227.6 billion, respectively, resulting in a goods and services deficit of $48.8 billion, up 3.7 percent from $47.1 billion in November.
While transpacific ocean carriers stripped a significant amount of capacity out of the eastbound trade in the last three quarters of 2011, they’ve held capacity levels stable since the start of December, according to American Shipper liner research affiliate ComPair Data.
An appeals court dismissed an effort to block a Waterfront Commission of New York Harbor (WCNYH) program that gives it the option to install independent monitors at port businesses.
Container volume grew 11.2 percent to 287,467 TEUs at the Port of Wilmington, the North Carolina State Ports Authority said last week. Bulk and breakbulk tonnage increased 16 percent in Wilmington over 2010 to 1.7 million tons, while in Morehead City those categories recorded a 2 percent increase to 1.9 million tons. Breakbulk cargo […]
U.S. import and Peruvian export advocates last week sent a letter to the chief Peruvian and U.S. trade negotiators urging elimination of a “yarn forward” rule of origin on apparel.
U.S. Customs officers at Detroit Wayne County International Airport discovered wood-boring insects and evidence of their tunnels on 13 occasions in January while inspecting wood pallets and other packing material, the agency said. Six inspections in late January resulted in the interception of eight live wood-boring insects. Customs said it refused to allow the wood packing material to enter […]
COSCO Container Lines said Friday it plans to raise rates on shipments from the Far East to the Middle East, starting March 1. The increases are $300 per TEU on shipments to the Red Sea, and $500 per TEU on shipments to the Persian Gulf. The increases are applicable to origins in China, Hong […]
U.S. Customs and Border Protection said front-line personnel seized $51 million worth of counterfeit perfume at ports of entry in fiscal year 2011, ended Sept. 30. Fake perfumes labeled with brand names cost the legitimate manufacturer lost sales and possible reputation if customers associate the inferior product with the company. Counterfeit perfumes also […]
The owner of the containership Hanjin Osaka has declared “general average,” following an explosion in its main engine on Jan. 8. MS Pelapas GmbH & Co. KG is the vessel owner, according to the shipping information database Equasis. It lists F. Laeisz as the ship manager, and a brochure on the F. Laeisz Website […]
Overland Park, Kan.-based RedStone Logistics, which specializes in logistics management services, has acquired privately held Headhaul.com. Headhaul provides shipment management services via multi-modal, dry van/truckload, refrigerated, flatbed, less-than-truckload (LTL) and over-dimensional shipment operations. During the next 30 days, Headhaul employees will integrate with the RedStone staff. As part of the acquisition, RedStone will […]
Kintetsu World Express, a Japan-based logistics service provider, has acquired a 30 percent stake in Gati Limited, paying roughly $54.25 million. Gati’s supply chain and 3PL businesses will be turned into a 70:30 joint venture called Gati Kintetsu Express. The venture will combine Gati’s 3PL and distribution in India with Kintetsu’s freight forwarding service and large customer […]
Container shipping lines in the Canada Transpacific Stabilization Agreement said last week they plan to raise rates in mid-March. The suggested increase, $400 per FEU, is effective from March 15, with other equipment size rates per formula, the organization said. “These rate increases are interim, and are subject to any additional subsequent […]
Swiss WorldCargo over the weekend started daily direct service between Beijing and Zurich. The service uses an Airbus 340-400, providing a third direct link to Zurich from China, along with Hong Kong and Shanghai. “In the past decade, the annual average growth rate of China’s export to Switzerland stood at 19 percent, while […]
Member ocean carriers in the Transpacific Stabilization Agreement said Thursday they will seek cumulative rate increases of $800 to $1,000 per FEU between March 15 and May 1, ahead of annual eastbound transpacific service contract negotiations in spring. The rate increase guidelines follow what TSA called a “successfully implemented” interim rate increase […]
