The soap opera that is the U.S. Federal Aviation Administration reauthorization process returns for another episode this month, with money to run the aviation system set to be cut off unless Congress acts. The FAA has been operating for more than four years without a long-term permission slip from Congress to invest in aviation infrastructure and […]
Mark Twain would probably have a thing or two to say about the liner fleet’s capacity growth in tumultuous 2011. Looking at growth percentage, the top two gainers last year were China Shipping and COSCO Container Lines, with the two Chinese lines significantly increasing the size of their operated fleets from January 2011 through January 2012.
Scientifically developed SmartTruck reduces fuel burn for Con-Way. In September 2010, Con-Way Truckload began testing an innovative device that installs under truck trailers to improve air flow around the vehicle and reduce turbulence. The device, called an under-tray, is produced by a company called SmartTruck and was developed with the help of the Environmental Protection Agency’s Oak […]
The Department of Transportation’s hours-of-service rule is directly aimed at the motor carrier industry, regulating how long a truck or bus driver can spend behind the wheel on any given day or week. But the interest by shippers in the rule, which was modified a few weeks ago to shorten weekly duty limits, shows […]
The import/export industry is very worried that significant progress the past 21 months on streamlining techniques and technology to make cross-border trade more efficient for shippers could be in jeopardy after U.S. Customs and Border Protection Commissioner Alan Bersin was forced to step down at the end of December. But if the signals […]
The China-based liner carrier PO Shipping will continue to serve the transpacific trade to Southern California, although its former partner Taiwan-based T.S. Lines has bowed out.
New research by the International Chamber of Commerce and International Monetary Fund has revealed a pessimistic outlook for demand for trade finance products like letters of credit in 2012, with the euro crisis largely to blame.
The Chilean liner carrier CSAV, which has struggled financially for the past five years, said this week that existing shareholders have injected $659 million in the company through the sale of new shares.
The liner carrier Mediterranean Shipping Co. said this week it plans to raise rates on the trade from India, Pakistan, and the Persian Gulf to East Africa. The increase, $200 per TEU, will apply to shipments from Nhava Sheva, Mundra, and Jebel Ali to Dar es Salaam and Mombasa from Feb. 1.
The U.S. Commerce Department this week initiated an antidumping and countervailing duty investigation of imports of utility scale wind towers from China and Vietnam. Dumping occurs when a foreign company sells a product in the United States at less than fair value, while countervailable subsidies are financial assistance from overseas governments that […]
Transpak, a third party logistics firm specializing in packaging, warehousing, order fulfillment and distribution, has been recognized as a foreign-trade zone (FTZ) site by the Port of Milwaukee. The designation will allow Transpak partners to benefit from deferral, reduction, or even possible elimination of tariffs on imported goods. Transpak said it […]
Mobile phones and systems are coming to more than 400 Maersk Line vessels over the next two years thanks to a new deal with Ericsson, replacing the line’s satellite connectivity for onboard communications.
Hong Kong’s Orient Overseas Container Line has tentatively agreed to pay $4.6 billion over 40 years to lease the Middle Harbor property currently being redeveloped by the Port of Long Beach to handle more ocean containers, Christopher Lytle, the port’s executive director, announced Thursday in his first “State of the Port” address since taking the […]
United Kingdom-based Keswick Enterprises has entered into a new partnership to develop a third-party supply chain management service in Poland. Keswick and Vector Global Logistics Sp. z.o.o., based in Gdynia, will call their joint venture Keswick Vector SCM Polska Sp. z.o.o. (KVS) and it will be owned 52 percent by Keswick and 48 percent by Vector […]
UPS Freight, the less-than-truckload service of express giant UPS, has promoted Paul Hoelting to senior vice president of sales. Effective March 31, Hoelting succeeds retiring John Fain, a long-time executive of Overnite Transportation who became a key figure in UPS’s acquisition and transformation of that company into UPS Freight. Hoelting started his career […]
The New World Alliance carriers APL, Hyundai Merchant Marine, and MOL said Thursday they will launch a new transatlantic service at the end of February. The service will have a rotation of Manzanillo (Panama), Charleston, New York, Rotterdam, Bremerhaven, Felixstowe, New York, Charleston, and Manzanillo. It will be operated with five high-reefer capacity […]
Liner carriers operating on the eastbound transpacific withdrew 10 percent of allocated capacity on the trade in the final quarter of 2011, according to the latest industry report by American Shipper affiliate ComPair Data.
Grupo Unidos por el Canal (GUPC), the international consortium building a new set of locks for the expanded Panama Canal, has calling on about 6,000 striking workers to return to work.
The shipping company Maersk Line has slowed another loop between the Indian Subcontinent and Asia. Round voyage time on its FM3 service has increased from 42 days to 49 days. The FM3 will also skip one sailing position commencing Pipavav on Feb 17. Transit times eastbound to China and South Korea […]
The Port of Hong Kong handled 24.4 million TEUs in 2011, a 3 percent increase from 2010, according to figures released this week by the Hong Kong Marine Department. The volume is the second highest in Hong Kong’s history – only the 24.5 million TEUs handled in 2008 beat it – despite Shanghai and […]
