The shipping company Maersk Line has dropped the westbound Port Said hub call from its Asia-Europe AE1 loop, adding two new calls: eastbound at Colombo; and a first port call at Zeebrugge. The Japan/China-North Europe 8,504-TEU loop, which sails Thursday outbound from Tanjung Pelepas, opearates with 10 Maersk ships in a 70-day round voyage. […]
The Obama administration’s global supply chain security strategy, announced at the World Economic Forum, acknowledges to properly manage cross-border commerce extends beyond the Department of Homeland Security.
The Aerospace Industries Association warned in a report the U.S. space industry is losing its competitive edge and risks falling short of future national security requirements unless reforms to the country’s Cold War-era export control system are made.
The Port of Miami learned it will have to wait until late this year to find out if it can proceed with a much-anticipated project to deepen the main channel for next-generation containerships when the schedule for addressing a legal challenge to the excavation was released Tuesday by the Florida Department of Environmental […]
Mediterranean Shipping Co. said this week it will raise U.S. export rates to South Africa from March 1. The increases are $200 per 20-foot container and $400 per 40-foot container for cargo moving from U.S. West, East and Gulf coast ports.
Panalpina said Wednesday it has started six new direct less-than-container load (LCL) services from Shanghai to Southeast Asia. The services will link the world’s busiest container port with Keelung, Manila, Ho Chi Minh City, Bangkok, Singpaore, and Jakarta. The service is offered through Panalpina’s in-house non-vessel-operating common carrier Pantainer Express Line. “The six […]
The railroad Norfolk Southern Corp. said Tuesday it had record fourth-quarter profit of $480 million, 19 percent more than the $402 million earned in the fourth quarter of 2010.
Kansas City Southern Railways reported profit in the fourth quarter of 2011 of $96 million, 73 percent more than the $56 million during the same period the previous year. Revenue in the quarter was a record $530 million, 11 percent more than the $479 million recorded in the fourth quarter of 2010. Fourth […]
Encompass Supply Chain Solutions (ESCS) has appointed Robert Coolidge to president and Lanier Bivings to chief financial officer. Coolidge has more than 20 years of industry experience, beginning with Vance Baldwin, a company founded by his grandfather in 1953 and acquired by Encompass in 2007. Coolidge is credited with improving Vance Baldwin from a $3 […]
The liner carrier Mediterranean Shipping Co. said it will raise rates on the Europe-to-East Africa trade, while also adjusting surcharges on several trades from Europe. MSC will hike Europe-to-East Africa rates from Feb. 1 by $300 per TEU. The increases are applicable from Northern Europe, including Baltic and Scandinavian ports. The line […]
Canadian National Railway had a profit of $592 million Canadian dollars ($586 million) in the fourth quarter ending Dec. 31, 18 percent more than the fourth-quarter 2010 net income of C$503 million. Revenue was C$2.38 billion in the quarter, 12 percent more than the C$2.12 billion in the fourth quarter of 2010. […]
A proxy battle for control of Canadian Pacific Railway took a step forward Tuesday as the investment firm Pershing Square Capital Management nominated a slate of five directors to the railroad’s board in advance of CP’s annual meeting of shareholders on May 17. The nominees are Pershing Square Chief Executive Officer Bill Ackman, Gary F. […]
The shipping company Maersk Line has begun the process of swapping out all the current vessels on its WSCA-North Europe Andean 1 service for smaller vessels on its newer WCSA-Med-Black Sea ECUMED loop. At the same time the Andean 1 is being slowed with the addition of an eighth vessel, increasing round voyage […]
Demand Management, a provider of supply chain management software, has expanded its overseas presence by opening a new office in Istanbul, Turkey. Demand Management focuses on tools for manufacturers and distributors and offers the Demand Solutions supply chain planning suite for forecast management, demand planning, collaborative forecasting and inventory planning. With the new […]
Chicago’s Load Delivered Logistics, a third-party logistics firm, has launched a new mobile phone app, Load Finder, for users of Apple’s phones and tablets. The app will connect customers with Load Delivered’s compliant carrier partners, letting them view and bid on available freight. Carriers can search for shipments based on a variety of […]
Pantos Logistics, a the South Korean third-party logistics company, has opened a second logistics facility at South Korea’s Incheon airport, saying Incheon was the fourth biggest cargo airport by volume in 2010. Bae Jae-Hoon, Pantos’ chief executive officer, said the 45,000-square-foot facility is adjacent to its existing center built in 2005 and will bring the […]
The ability to move larger ships through the Panama Canal will reduce the cost of all-water service between the Far East and the eastern part of the United States, but speakers at a conference held last week in Tampa, Fla. were divided on how significant theimpact of the canal will be on cargo routing. “We […]
The liner carriers China Shipping, UASC, and CMA CGM took a bold step into the unknown last week. The lines announced they will deploy ships of between 12,500 and 14,000 TEUs on a loop between the Far East and Middle East, in effect merging two similar existing services operated with smaller ships […]
Descartes Systems Group has acquired GeoMicro, a California-based provider of geographic information systems (GIS) and turn-by-turn navigation services. GeoMicro’s GIS platform facilitates advanced routing, navigation, field services, geo-location, high-performance map display, spatial data querying, and turn-by-turn directions for both commercial and hazardous materials. “Geographic location is fundamental to logistics and a […]
CSX Corp. reported a profit of $457 million in the fourth quarter ending Dec. 30, a 6 percent increase over the fourth quarter of 2010. Revenue for the quarter was $2.95 billion, 5 percent more than in the fourth quarter of the previous year. For the year, CSX had a profit of $1.8 billion, 17 […]
