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 […]
The Singapore-based shipping line expects to stop providing chassis at inland locations by the end of the year, divest itself of chassis at East Coast ports in 2013, and complete the phase out in early 2014.
Grimaldi Lines, the roll-on/roll-off and container liner shipping specialist, will add an eighth ship to its North Europe-West Africa Central Express service and dividing its schedule into two four-ship sub-loops. The previous seven-ship, 35-day roundtip voyage time will improve to 32 days for both of the more streamlined four-ship sub-schedules. In place […]
Hamburg Süd and CCNI will commence their new weekly PACE West Coast feeder service with the Feb. 13 departure of Cap Palmerston from Hamburg Süd’s Caribbean hub in Cartagena, Colombia.
The ocean carriers Mitsui O.S.K Line, Hapag-Lloyd, and Zim have slowed their weekly six-ship ARN service between North Europe and West Africa, increasing round voyage time from 42 days to 49 days. The lines have also added a new second port inbound call at Amsterdam. The ARN will skip one sailing position commencing […]
Asia-to-Europe container volume rose 3.3 percent in 2011, according to figures released this week by Container Trade Statistics, which compiles self-reported volumes from the major lines on trades to and from Europe. Volume reached 13.9 million TEUs in the year, up from 13.5 million in 2010. That included a 0.8 percent rise […]
California-based Seafood Solutions Inc. was sentenced in federal court in Los Angeles Monday to pay $1 million in fines and community service payments for its role in the false labeling of frozen fish fillets, according to the U.S. Justice Department. The sentence stemmed from the company’s conviction last July for trafficking in […]
OHL Solutions Inc., based in Brentwood, Tenn., has agreed to pay a $1 million civil fine and take other remedial steps for failing to properly screen cargo for explosives as a designated agent of the Transportation Security Administration.
The liner shipping companies APL and MOL have raised capacity on their weekly Balboa to West Coast South America feeder service PAX/ACW by increasing the size of the vessels. Average ship capacity has increased 50 percent from 1,694 TEUs to 2,521 TEUs. The port rotation of the PAX/ACW remains Balboa, Buenaventura, Callao, Valparaiso, […]
Research firm Berg Insight reported that the number of active remote container tracking units used on intermodal shipping containers reached 77,000 in the last quarter of 2011, but will increase to 1 million by 2016.
The Defense Trade Advisory Group (DTAG), a private-sector panel that provides advice to the federal government on the policy and regulation of U.S. defense trade, is now accepting membership applications for the upcoming 2012-2014 term. “Membership on this panel presents an exciting opportunity to participate in the administration’s Export Control Reform Initiative, […]
Pacer International said it had a profit of $1.1 million in the fourth quarter ending Dec. 31, 2011, compared to a loss of $1.1 million in the same period a year earlier. Revenue in the quarter was $358 million, compared to $373 million in the fourth quarter of 2010. About $289.7 million […]
North Carolina’s Railinc Corp., which provides data services to the rail industry, has finished its first round of tests and implementations for its comprehensive equipment performance monitoring (CEPM) program and CEPM-Wheelsets. The CEPM-Wheelsets lets rail carriers, equipment owners, wheel shops and repair shops have a clear look at the health and history of wheelsets […]
Cloud supply chain platform provider GT Nexus has hired Jason Zintak as executive vice president of global sales. Zintak is responsible for setting the sales strategy and expanding field operations. He also joins the GT Nexus executive team, which directs overall company strategy, operations, and business development. Recently he led global […]
Intelligent Global Pooling Systems (iGPS), a provider of plastic pallets with embedded radio frequency identification (RFID) tags, appointed Meredith Neizer to chief operating officer. She brings more than 30 years of experience in the supply industry to iGPS. Neizer joins iGPS from US Foods where she was senior vice president of […]
MIQ Logistics said Thursday it has started less-than-container-load (LCL) consolidation services from Istanbul to New York. Kansas-based MIQ is partnering with its agent INCI Lojistik on the service to collect LCL shipments from any point in Turkey, and many points in Eastern Europe, consolidate them in Istanbul before transporting the boxes to New York […]
The liner carrier Mediterranean Shipping Co. said this week it plans to increase rates on shipments from West Mediterranean and Adriatic ports to the Red Sea. The increase, $100 per TEU, is effective from March 1.
