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 […]
The United States filed an appeal in the World Trade Organization dispute with Mexico challenging the United States’ dolphin-safe labeling measures for tuna products sold in America.
A consortium of companies building a new set of locks for the Panama Canal said it has agreed to increase the minimum hourly wage for workers from $2.90 to $3.34, ending a worker strike.
The Coast Guard has set up a temporary safety zone around the Export Grain Terminal (EGT) located on the Columbia River in Longview, Wash., in anticipation of additional demonstrations by longshoremen.
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 […]
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 […]
Liner carrier OOCL said container volume rose 5.6 percent year-on-year in 2011, despite a 2 percent drop in the fourth quarter, according to an operational update from parent company OOIL.
