Canadian National Railway Co. is alleging that private investor William Ackman’s plan to have former CN chief executive officer Hunter Harrison run its competitior, Canadian Pacific Railway Ltd., may violate a non-compete agreement.
Import cargo volume at the United States’ major retail container ports should be nearly flat during January, compared with the same month in 2011, but significant year-over-year increases are expected this spring, according to the monthly Global Port Tracker report released last week by the National Retail Federation and Hackett Associates. “We’re […]
California-based Navis, part of the Cargotec Corp., announced that its Real Time Locating System (RTLS) will be used at the Sociedad Portuaria de Cartagena (SPRC) terminal in the Port of Cartagena, Columbia. The RTLS is part of Navis’ Star Technology Alliance that blends its terminal operations with tracking and data platforms from its […]
The non-vessel-operating common carrier ECU Line said Thursday its India-based parent company has relaunched under a new group brand name, Avashya. ECU Line was acquired by the Indian logistics company Allcargo Logistics in 2006, and has functioned as a subsidiary since then. Allcargo, started in 1993 by Chairman and Managing Director Shashi […]
Air Canada said it will stop transporting monkeys destined to laboratories. The airline filed an amended tariff with the Canadian Transportation Agency (CTA) that would enable it to discontinue the transportation of primates bound for research. CTA announced this week that it was suspending Air Canada’s amended tariff pending a hearing on this proposed new […]
Agency said it’s testing of orange juice for the presence of the fungicide carbendazim, and will deny imports of the commodity if the chemical residues exceed regulated levels.
New Penn, a Pennsylvania-based less-than-truckload carrier, has launched a service alert process that will inform its shippers about situations that could impact their supply chains. Aimed largely at addressing the seasonal effects of winter weather, the new email-based alert and its corresponding Web page will provide detailed information about weather, natural disasters, and other […]
The International Longshore and Warehouse Union is preparing for a protest this month when the first ship is expected to call at the EGT grain terminal in Longview, Wash. The union said its members should get jobs at the new EGT terminal and are upset the operator has switched work to a subcontractor that has signed […]
The Singapore-based global terminal operator PSA International said container throughput at the terminals it manages grew 5.6 percent year-on-year in 2011, to 57.1 million TEUs. The growth was spearheaded by 6.1 percent growth at the company’s flagship port in Singapore, where volume grew to a record 29.4 million TEUs. Volume at terminals […]
Chicago-based Coyote Logistics said it will add 400 jobs in 2012, focused on sales, operations, and technology. The company used a visit from Chicago Mayor Rahm Emanuel to announce the hiring plans. The Chicago Sun-Times also reported that “Emanuel and company founder and CEO Jeff Silver announced that 71 Coyote employees have […]
The United States can’t afford for Congress and the White House to avoid addressing critical issues such as infrastructure and job creation because it is an election year, the U.S. Chamber chief said.
PAR Technology Corp. has completed the asset sale of its PAR Logistics Management Systems (PAR LMS) to ORBCOMM, a New Jersey-based global satellite data communications company. The total selling price is valued at about $6 million in cash and ORBCOMM common stock with a potential additional earn-out of $4 million. The two companies first […]
Arigo, a Massachusetts-based provider of trade management technology, and Tompkins International, a supply chain consulting and implementation firm, have formed a partnership to provide a unified global trade management (GTM) application. “True global trade management, today, requires new operation strategies and a full integration of organizations, processes, and technologies throughout the end-to-end supply […]
Bill Graves, president of the American Trucking Associations, is pessimistic Congress will pass a surface transportation reauthorization in 2012.
While a great deal of attention has been focused this past week on the splitting of the containership Rena and the sinking of its stern section three months after it first went aground off Tauranga, New Zealand, an industry attorney warned that a serious incident involving a large containership “may well result in […]
Maersk Line has slowed its CHX service between Asia and the Indian Subcontinent and increased round voyage time from 35 days to 42 days.
Chinese logistics companies are being encouraged to expand overseas, according to a report published Wednesday by the China Daily newspaper. At a logistics conference held in Beijing earlier this week, Ministry of Commerce officials reportedly encouraged Chinese firms to acquire overseas distribution centers to aid in trade growth. The article cited last month’s acquisition of the container […]
eBay has launched a new shipping service in collaboration with Singapore Post (SingPost) and the U. S. Postal Service in the hopes to improve both delivery and tracking of lightweight goods moving between the United States and Singapore. The service, named ePac, is eBay’s first postal service partnership in Southeast Asia and its […]
The rating agency downgraded the container line Wan Hai from stable to negative based on high fuel costs, depressed freight rates, and the line’s order book of 12 vessels.
The Jones Act container shipping company Horizon Lines said Wednesday it has completed the mandatory debt-to-equity conversion of about $49.7 million of the company’s 6 percent Series B mandatorily convertible senior secured notes. The mandatory conversion reduces debt, lowers annualized interest payments, and is expected to increase the value of the company’s shares outstanding. […]
