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 […]
Wallenius Wilhelmsen Logistics said Tuesday it has opened a new office in Moscow to support its current Russian presence in St. Petersburg. “Moscow is the central vehicle logistics hub in Russia, a market that, after a short set-back in 2009, has seen rapid growth in the automotive and rolling equipment sector over […]
Panalpina said Tuesday it has opened a new logistics center on the outskirts of Moscow to tap into demand for high-value cargo. The Swiss freight forwarder said it has paid particular attention to security needs for the 6,000-square-meter facility. The center is aimed at in high-tech, automotive, high-end fashion, telecommunication, and healthcare customers “looking for […]
The Massachusetts Port Authority said it expects the operating deficit at its main container terminal to double because of weak trade and suspension of a CKYH alliance service to Boston.
Washington State Gov. Chris Gregoire said the ILWU and grain terminal EGT reached a tentative settlement on pending legal issues surrounding labor disputes at EGT’s grain export facility in Longview.
The U.S. Commerce Department investigate imports of large residential washers from South Korea and Mexico for dumping violations.
The U.S. Commerce Department agency conducted investigations in fiscal year 2011 that resulted in the criminal conviction of 39 individuals and businesses.
The United States and Canada on Monday signed a two-year extension of the 2006 Softwood Lumber Agreement (SLA), so that the agreement will be in effect through Oct. 12, 2015. “The Softwood Lumber Agreement is very important for U.S. producers, particularly when both sides of the border are facing weak demand,” said U.S. […]
Memphis, Tenn.-based FedEx has announced the expansion of its SenseAware product, which provides shippers with near real-time tracking and increased shipment visibility, to all of its customers. The platform, launched in November 2009, was initially available only to healthcare and life sciences customers. FedEx has now expanded the product to anyone “who […]
