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.
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 […]
