The liner carriers Zim, OOCL, and COSCO Container Lines have joined a growing group of liner carriers seeking increased revenue on the westbound Asia-Europe trade. Zim said last week it will seek a rate increase of $750 per TEU on shipments from the Far East and Indian Subcontinent to Europe (including Israel and […]
The liner carrier Mediterranean Shipping Co. said last week it will raise rates from the east coast of South America to Europe, the Middle East, Africa, and the Indian Subcontinent from mid-March. The increase is $300 per 20-foot container and $500 per 40-foot container for dry or reefer cargo. The line […]
COSCO Container Lines said last week it plans to increase rates on a number of trades from Asia. The line plans to hike rates from Asia to the Persian Gulf and Red Sea $150 per TEU on March 1 and again on April, then by $250 per TEU on May 15 and […]
Crowley Maritime Corp. promoted Jose “Pache” Ayala to vice president for Puerto Rico. Ayala will remain in San Juan and report to John Douglass, senior vice president and general manager of Puerto Rico and Caribbean services. Ayala In his new role, Ayala will oversee all liner operations on the island, provide support for local sales management, and […]
Global Aviation Holdings Inc., the parent company of all-cargo airline World Airways, filed for bankruptcy protection in U.S. federal court, citing the need to reduce its cost structure in line with the rest of the industry.
A record 2.95 million TEUs crossed the docks at the Port of Savannah in 2011, up 4.2 percent, or 120,000 units, from the prior year, said the Georgia Ports Authority, citing a balance between exports and imports.
Dutch shipbuilder Damen Shipyards delivered three cutter suction dredgers to the Ministry of Emergency Situations in Azerbaijan. The ministry ordered the three dredgers to clean-up, deepen and maintain the Kura River. Damen was able to build and deliver the dredgers within six months of signing the contract with the Azerbaijan government. The […]
Yusen Logistics (Americas) Inc. has promoted Mike Liantonio to senior vice president and general manager of its Transportation Division. He previously served as the Secaucus, N.J.-based freight forwarder’s vice president of sales and operations. Liantonio, a 25-year industry veteran, joined Yusen Logistics in October 2010. Prior to that he held management roles […]
ODW Logistics has appointed Carl W. Neverman to regional vice president of client solutions. In this role, Neverman will identify new commercial opportunities for ODW’s U.S. business, while maintaining several of the existing client relationships. ODW is a third-party logistics provider with shared warehouses in Columbus, Ohio; Chicago; Milwaukee; and Chino and San […]
Maersk Inc. said it has entered an agreement to sell its Direct ChassisLink (DCLI) business to Littlejohn & Co., a Connecticut-based private investment firm. The deal is expected to be completed in March, subject to regulatory approvals and satisfaction of customary closing conditions, Maersk said. A sale price was not announced, but the […]
The liner carrier Mediterranean Shipping Co. said on March 1 it will implement $750-per-TEU in surcharges on cargo moving between many countries in Asia and Europe. The carrier said it will impose an “emergency rate restoration” surcharge of $225 per TEU and an “emergency bunker surcharge” of $525 per TEU on cargo originating in Japan, […]
The containership leasing company Costamare, the owner of the vessel Rena which went aground in New Zealand in October, reported a profit of $26.1 million in the fourth quarter ending Dec. 31, compared to $11.8 million in the fourth quarter of 2010. Costamare said it had revenue of $102 million in the fourth quarter […]
International Shipholding Corp. reported a profit of $1.8 million for the three months ended Dec. 31, compared to $8.9 million for the the final three months of 2010. Revenue for the fourth quarter of 2011 was $61.8 million, compared to $57.7 million in the final quarter of 2010. For the full-year 2011, […]
The American Trucking Associations has promoted Prasad Sharma to senior vice president and general counsel and named Richard Pianka as vice president and deputy chief counsel. Sharma has worked for the ATA since 2000, most recently as vice president and deputy chief counsel. During that time he has been responsible for the association’s […]
The German transportation and logistics company Dachser said it has opened a new warehouse in Shanghai to support growth of its contract logistics business in China. and be close a 23 million population.
Green Cargo AB, a transport and logistics company owned by the Swedish government, is considering the sale of its third-party logistics operations, receiving considerable interest from prospective buyers.
Kirby Corp. said it had a profit of $56.2 million in the fourth quarter ending Dec. 31, compared with $31.6 million in the same period a year earlier. Revenue for the 2011 fourth quarter was a record $550.1 million, compared with $286.3 million reported for the same 2010 quarter. For the full-year 2011 the tank […]
Wilder, Ky.-based trucking company RWI Transportation has appointed Kevin Kauppi as Midwest regional sales manager. Based in Chicago, Kauppi focuses on new business in Illinois, Indiana, Wisconsin, Minnesota, Iowa, and Missouri for temperature-controlled truckload and tonnage growth. Through his efforts, RWI’s growth in the Midwest and in its West Coast, Texas, Southern […]
The National Association of Wheat Growers and U.S. Wheat Associates each passed a resolution calling for an open border with Canada that provides reciprocal bilateral wheat trade.
Acsis has released the latest line of its Acsis ProducTrak, a set of data collection and task management software that can be integrated with ERP systems from SAP, Oracle, J.D. Edwards, and others. Acsis aims the new software at bringing real-time connectivity to every point in the supply chain by supplying the […]
