American Shipper

FreightWaves Staff Monday, January 23, 2012

Union Pacific profit up 18%

     Union Pacific reported it had a profit of $3.29 billion in 2011, 18 percent more than the $2.78 billion earned in 2010, despite weaker intermodal and agricultural volumes.    Operating revenue for the railroad amounted to $19.6 million in 2011, 15 percent more than the $17 billion recorded in 2010.    Fourth quarter […]

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FreightWaves Staff Monday, January 23, 2012

3 lines expand Asia-Mideast-Europe partnership

   The liner carriers CMA CGM, China Shipping, and UASC will expand their cooperation on the Asia-Europe trade from February to a jointly run Asia-Middle East service, according to a notice last week from UASC.    The service is particularly notable because it will be operated with ships of between 12,500 and 14,000 TEUs, which […]

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FreightWaves Staff Monday, January 23, 2012

SeaIntel: CAF revenue increasing

     Some liner carriers may have aided their revenue collection in 2011 through higher currency surcharges, according to research from the maritime analyst SeaIntel.    SeaIntel analyzed the development of currency adjustment factors (CAF) on the Asia-Europe trade and came to two main conclusions.    First, the CAF charged varies significantly across carriers, with […]

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FreightWaves Staff Monday, January 23, 2012

Lines increase Europe-WCSA ship size

   Three container lines that operate a service between Europe, the Caribbean, and the west coast of South America will increase the size of their vessels on the service from early February, according to a notice from one of the lines, Hapag-Lloyd.    The line’s SW2 service, which it jointly runs with Hamburg Süd and CMA […]

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FreightWaves Staff Monday, January 23, 2012

MSC raises U.S export rates to Asia

     The liner carrier Mediterranean Shipping Co. said last week it is raising U.S. export rates to Asia from March 1.    The increases are $50 per 20-foot container and $100 per 40-foot container from U.S. West Coast ports; $100 per 20-foot container and $150 per 40-foot container from U.S. East or Gulf coast […]

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FreightWaves Staff Monday, January 23, 2012

Republican opposition to python import ban rings hollow

By Eric Kulisch    On Jan. 17, the U.S. Fish and Wildlife Service said a ban on the import and interstate transportation of four non-native constrictor snakes – pythons – would go into effect in two months.    The decision was made to protect the ecological balance of the Florida Everglades where these giant predators feed on birds, mammals, and reptiles, some […]

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FreightWaves Staff Monday, January 23, 2012

SDV buys into FAST

     SDV International Logistics confirmed this morning that it has bought into various parts of the FAST group of freight forwarding companies, though it declined to say how many would be controlling stakes.    The company did acknowledge that it acquired 100 percent of FAST Italy. The amount paid was not disclosed, but SDV said it hopes to keep on all […]

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FreightWaves Staff Monday, January 23, 2012

One Network joins with Arrow Electronics

   One Network Enterprises, a cloud supply chain service company in Texas, has announced plans for a new strategic alliance with Arrow Electronics, a Colorado-based global provider of services and products for users of electronic components and enterprise computing applications.    The pairing will focus on delivering manufacturers with a comprehensive supply chain management tool and […]

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FreightWaves Staff Monday, January 23, 2012

CORRECTION: PO Shipping stays in TP

   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.     The lines have halted their jointly run TP2 service, which had a rotation of Xiamen, Hong Kong, Yantian, Ningbo, Shanghai, Long Beach, and Xiamen. It was previously operated […]

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FreightWaves Staff Monday, January 23, 2012

CP Railway in potash deal

     Canadian Pacific Railway announced Monday a 10-year agreement to be the principal Canadian railway for potash producer Canpotex.    CP will transport the large majority of potash shipments to Canpotex’s main terminal in Vancouver, British Columbia. In conjunction with Union Pacific, CP will transport potash to Portland, Ore.    CP said that to move Canpotex’s […]

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FreightWaves Staff Monday, January 23, 2012

Massood Logistics expands management

     Massood Logistics, a North Carolina firm formed last fall after the shutdown of Furniture Transport Group, has added two executives and expanded its available services.    Tara Massood, a former executive with Thomasville Home Furnishings in New Jersey, is the company’s new general manager, and Paula Powell Cubberley, previously of Furniture Transport Group, will […]

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FreightWaves Staff Sunday, January 22, 2012

American shippers on watch

   With the liner carriers preoccupied with changing partnerships and big ship capacities coming on line in the Asia-Europe trade, American shippers engaged in the transpacific and transatlantic trades should be spared from similar disruption, at least for now.    Since last April, the industry has witnessed the formation of partnerships among once contested rivals, […]

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FreightWaves Staff Sunday, January 22, 2012

King(pin) salmon

This case (Merchants Terminal v. L&O Transport. D.Md. No. 09-CV-2065. Sept. 29) relates to a stolen shipment of salmon. Both the plaintiff and defendant had moved for summary judgment and the judge denied both motions. A trial is scheduled for March. L&O is a licensed and insured motor carrier and Charles Elmore is a truck owner/operator who […]

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