London-based private equity Man Capital LLP has acquired OTS Logistics Group, parent of non-vessel-operating common carrier Vanguard Logistics Services, from founder and chairman Owen Glenn. Terms of the deal were not disclosed. However, Man Capital said it will support and maintain the existing management team, led by Charlie Brennan, chief executive officer, and the NVO’s […]
IBM is pushing into the supply chain and cloud logistics space in true Big Blue fashion, via acquisitions. Through its existing operations and recent purchases, IBM has begun to position itself to be a whole service operation.
Is China’s largest line robust enough to keep pace with its competitors? Analysis by Eric Johnson It’s safe to say that 2011 wasn’t the smoothest of years for China’s largest ocean carrier, the COSCO Group. This past summer the company fought accusations that it failed to pay charter payments on […]
Rayonier’s logistics management knows transport cost is a leading competitive factor. By Chris Dupin Rayonier exports about 50,000 TEUs of cargo annually from ports in the Southeast, and it’s regularly listed as being one of the 25 largest exporters of containerized cargo from the United States. About a third of its performance […]
by Jen Wade director, BPE Global Automation has become an essential tool in everyone’s global trade toolkit. For many, it is tempting to think of automation as a “cure-all” for woes of non-existent or inefficient processes.
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 […]
