TNT Express on Monday said it has sold its domestic road operations in India to a logistics subsidiary of India Equity Partners (IEP) in order to focus on its international business. “The decision comes after an extensive review of the prospects for the domestic road business in India within TNT Express’ business portfolio,” […]
The liner carrier APL saw its average revenue per 40-foot container fall 14 percent year-on-year in the period from Oct. 22 through Nov. 18, its parent company NOL said Monday. APL’s average rate per FEU dropped to $2,401. The line’s volume rose 2 percent, to 448,400 TEUs in the same period. Year-to-date, average […]
CSAV attempts to raise $1.2 billion in capital to shore up its faltering liner business as it prepares to spin off its port, tug and logistics operations to wall those businesses off from the loss-making container shipping unit.
The Coalition for Employment through Exports (CEE) wants Congress to pass legislation reauthorizing the U.S. Export-Import Bank through 2015 before adjourning for the year. With its charter having expired on Sept. 30, the CEE said the bank needs to be reauthorized as soon as possible to ensure continued support for U.S. exports and […]
This week’s “Washington Notebook” by Associate Editor Eric Kulisch discusses the tangible accomplishments of U.S. Customs and Border Protection during the past 12 to 18 months with regard to commercial trade processing and cargo security. But members of the trade community are feeling mixed emotions about this development. On the one hand there is palpable excitement, […]
The New World Alliance has added a call at Qingdao and an eastbound second call at Yokohama on one of its transpacific services linking Northeast Asia with California, according to American Shipper affiliate Com Pair Data. The APL-operated PS5 service has a revised rotation of Qingdao, Shanghai, Busan, Yokohama, Los Angeles, Oakland, Yokohama, Busan, […]
Aramex, a Dubai-based freight logistics services provider, has acquired Berco Express (Pty) Ltd in South Africa. Berco Express, formed by Bernard Cox in 1992, has 15 branch offices and 700 employees across South Africa. The acquisition of Berco Express follows Aramex’s recent foray into the Chinese market with the launch of […]
Washington Notebook
INTTRA and Kewill have announced the formation of a strategic alliance to give Kewill’s customer base access to INTTRA’s multi-carrier network. INTTRA, which focuses on providing e-commerce solutions for the ocean freight industry, provides a network of more than 30 ocean carriers on a single connection and bills this as the largest […]
The ILA and NIT League are both expressing concern to the FMC about plans by around 20 liner companies to alter their chassis pool agreement on file with the commission, expanding their antitrust immunity to other companies.
Four major trade organizations representing both ports and carriers are calling on the International Maritime Organization (IMO) to require, before loading, that the ship and the port verify all container weights.
Transmart India has sold its warehousing business to Future Supply Chain Solutions, the logistics and supply chain arm of Future Group. Included in the sale are more than 12 clients and a 2,000,000-square-foot distribution center outside Mumbai. Future Supply Chain Solutions said that the deal will give it a readymade infrastructure able to […]
Francis, I’ve updated this with some of the issues we discussed. Let me know what you think.
MSC has added a call at Savannah to its Golden Gate service between Asia and the U.S. East Coast via Suez. Beginning November it now calls, New York, Baltimore, Norfolk, Charleston, Freeport (Bahamas), and Savannah.
The liner carrier OOCL said Friday it is joining a CMA CGM service connecting China with New Zealand from Dec. 24. OOCL will join the French line’s ANZEX service (OOCL will name it NZS), which has a rotation of Hong Kong, Chiwan, Ningbo, Shanghai, Pusan, Auckland, Port Chalmers, Lyttelton, Tauranga, Nouméa, and Hong […]
“K” Line said Friday it has joined as a slot buyer a CNC Line/TS Lines service between China and Vietnam. The Japanese container line will join CNC’s NCX service, which has a rotation of Xingang, Dalian, Qingdao, Lianyungang, Hong Kong, Shekou, Ho Chi Minh City, Hong Kong, and Xingang. The service is […]
Protesters in the “Occupy Wall Street” movement have begun a long-planned effort to blockade West Coast ports Monday. Reports were trickling in that protests had begun actions in various ports, but it was not clear demonstrators would actually succeed at their goal of shutting ports down. “All port shipping terminals are open as the Long […]
The liner carriers MOL, Hapag-Lloyd and Zim will add a call at Amsterdam on their jointly-operated service between West Africa and Europe, according to a notice Friday from Hapag-Lloyd. The Dutch port will be called from December through April during the peak cocoa season, the German line said. The service (called ARN by […]
COSCO Container Lines said last week it will attempt to raise rates on the eastbound transpacific from Jan. 1 in line with guidelines issued by the Transpacific Stabilization Agreement. The China-based line will seek increases of $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container, and $506 per 45-foot […]
Kevin Harriger has been promoted to executive director of agriculture inspection programs at U.S. Customs and Border Protection, with responsibility for keeping foreign plant pests and animal disease out of the country. He previously was deputy executive director of Agricultural Operational Oversight. In that position he coordinated implementation of agricultural policies and procedures […]
