The liner carrier Mediterranean Shipping Co. said Thursday it plans to raise rates on Canadian exports to Europe from March 1. The increase, $100 per TEU, is applicable to destinations in Northern Europe (including Baltic and Scandinavian ports) and the western Mediterranean. MSC said the increase is required “to advance freight […]
The American Apparel & Footwear Association will host a seminar Jan. 31 in New York to discuss overseas retail growth. The seminar, Retail Hotspots: Developing a Strategy to Globalize, will focus on market entry, operation models, and consumer demographics in the BRIC (Brazil, Russia, India and China) nations. Speakers include Dr. […]
DB Schenker Rail GmbH has appointed Axel Marschall to head of sales in Europe, effective Feb. 1. He has performed this function on an interim basis since the departure of Karsten Sachsenröder in November. Marschall was previously chief executive officer of DB Schenker Rail Automotive GmbH in 2009. Marschall joined Deutsche […]
Liner carrier CSAV raised an additional $129 million as part of a $1.2 billion recapitalization program during the sale of 630 million shares to institutional investors in Chile and abroad, with the remainder purchased by retail investors.
The liner carrier CMA CGM on Wednesday unveiled a host of rate increases it plans to seek between Feb. 1 and March 1. As of Feb. 1, the increases are: United States to the Far East, $75 per 20-foot container and $150 per 40-foot or 40-foot high-cube container. Indian Subcontinent to the […]
Hanne B. Sørensen has been appointed the new chief executive officer of Maersk Tankers, replacing Søren Skou who moved from the tanker group to become the chief executive of Maersk Line.
IMF scaled back its forecast for world economic growth this year to 3.3 percent from 4 percent projected in September because of a mild recession expected in the Euro zone that will contribute to slow growth elsewhere.
The shipping company Maersk Line will reduce capacity on its 11-ship Asia-Europe AE2 loop in March by switching to smaller vessels. All five of the 13,000-TEU ships currently on its AE2 loop will be replaced by ones of 8,100 to 8,500 TEUs. Once complete, average capacity on the service will drop from the current 10,790 TEUs to 8,612 TEUs, a decrease of […]
The liner carrier NYK’s eastbound transpacific volume rose 7 percent year-on-year in December, and 3 percent in the last quarter of 2011, the line said in an operational update this week. The Japanese line’s volume hit 1.6 million TEUs in the fourth quarter (the carrier’s third quarter financial year), and 540,000 TEUs in December. […]
Japan’s Daikin Reefer said the container leasing company Cronos Group has become the first customer for its new “Zestia” refrigeration units for containers. San Francisco-based Cronos took delivery of 500 units in November, which were installed on new 40-foot high cube containers. The boxes were made in Suzhou, China and will be used by […]
The two remaining labor unions that tentatively accepted new contracts with the freight railroad industry are expected to ratify those deals within the next week or two, Edward R. Hamberger, president of the Association of American Railroads, said Monday during a presentation at the Transportation Research Board’s annual conference in Washington. Members of […]
Canadian Pacific Railway said it had a profit of 221 million Canadian dollars (U.S. $220.69 million) in the fourth quarter ended Dec. 31, compared to C$186 million in the fourth quarter of 2010. Revenue in the quarter was C$1.41 billion, compared to C$1.29 billion in the fourth quarter 2010. For the […]
Swift Transportation Co. said it had a profit of $36.8 million in the fourth quarter, compared to a loss of $48.3 million in the same 2010 period. Operating revenue in the quarter was $861 million, compared to $780 million in the fourth quarter of 2010. For the full year the national trucking company […]
MIQ Logistics said Wednesday it has opened a new logistics center at De Voorde in Venray, The Netherlands. The facility has 110,000 square feet of warehouse space and is equipped with a changeable racking system, deployed warehouse management technology and road transportation and distribution capabilities. The site also provides customs processing and is capable […]
The head of the New York Shipping Association called for unity among all players in the Port of New York and New Jersey, as he accepted the “Person of the Year” award from New York/New Jersey Foreign Freight Forwarders and Brokers Association.
BNSF Railway has released two new online tools to help existing and new customers compare carload shipping options. The tools, Carload Shipping Advisor and Serving Carrier Reciprocal Switch Inquiry, allow customers to view shipping options and sort them by price, equipment, and route for multiple origins and destinations. “All of the […]
Transportation and supply chain management company Ryder has launched the latest version of its RydeSmart onboard telematics system and now provides it as a Software-as-a-Service (SaaS) product to make it easier to deploy and monitor. RydeSmart 3.0 offers GPS fleet location, tracking, and vehicle performance management via a hardware and software unit installed […]
Expaq, a European parcel delivery service, has announced it will issue Honeywell’s Dolphin 99EX mobile computers to all its 2,100 drivers to increase productivity on the road. The Dolphin 99EX allows drivers to process orders and deliver more parcels while their packages and location are better tracked. The Exapaq units will feature 3.9G wireless technology. The […]
Wednesday’s story on the Port of Miami, “Miami dredging faces lengthy delay,” reported that a judge would hear the case involving petitions by environmental and neighborhood groups opposing the Florida Department of Environmental Protection’s decision to allow the U.S. Army Corps of Engineers to deep dredge the Miami ship channel. The judge referred to in […]
Container industry researcher Neil Dekker said interest in index-linked shipping contracts may grow this year because of continuing volatility in shipping rates.
