Salvors have craned 64 of a total 1280 containers remaining on Rena, the container ship stranded near Tauranga in New Zealand. Around 88 have been lost overboard. Despite strong winds, fifteen were lifted Monday.
The liner carrier Hapag-Lloyd said it made $46 million in operating profits in the third quarter, an 87 percent decline from the same period in 2010. For the year, the Hamburg-based container line has made $84.9 million, an 87.6 percent drop from the first nine months of 2010. Hapag-Lloyd’s third quarter revenue […]
UPS on Friday released new published rates for 2012, including a net increase of 4.9 percent for UPS Ground packages and a net increase of 4.9 percent on all UPS Air services and U.S.-origin international shipments. UPS said the rate increase for UPS Ground shipments is based on a 5.9 percent increase in […]
Container lines serving the Asia-Canada freight market have adopted a schedule of across-the-board rate adjustments aimed at reversing the steady revenue erosion seen in the trade throughout 2011. Members of the Canada Transpacific Stabilization Agreement (CTSA) say the rate changes will apply to all coasts, effective by no later than Jan. 1, and […]
In line with growing intermodal volumes, Savannah is to spend $6.5 million on its Garden City Terminal railhead, extending it by 6,000ft. Locomotives will be able to pull through the rail yard, not back train cars into it.
The Port of Milwaukee says an economic impact study estimates it creates 1,416 jobs in Wisconsin. Of the 1,416 jobs, 624 jobs were directly generated by the marine cargo and vessel activity at the marine terminals at the Port of Milwaukee. As a result of the local and regional purchases by the […]
Import container volume into the Port of Long Beach nosedived in October, falling 20.8 percent year-on-year, to 240,248 TEUs. That contrasted sharply with October import volume at the neighboring Port of Los Angeles, which rose 5.5 percent against the same month in 2010. Year-to-date import volume at Long Beach has fallen 2 […]
Hainan, China-based carrier Grand China Logistics has been accused by three European shipowners for halting payments on chartered bulk vessels, according to the Financial Times.
The liner carrier CMA CGM said Thursday it plans to raise rates on a number of trades over the next six weeks. The increases, effective Dec. 15, are: $600 per TEU from Asia to Mexico and the west coast of Central and South America $560 per 20-foot container and $800 per 40-foot container from […]
The nation’s major freight railroads reached tentative collective bargaining agreements with four additional unions representing more than 11,000 employees: the International Brotherhood of Boilermakers, Blacksmiths, Iron Ship Builders, Forgers and Helpers; the Sheet Metal Workers’ International Association; the National Conference of Firemen and Oilers; and the Brotherhood of Railroad Signalmen. The railroads now have now […]
Commissioner Mario Cordero of the FMC says progress is being made on development of fuel alternatives for commercial vessels. Use of liquefied natural gas as fuel is an example.
The U.S. Department of Justice said that Sea Star Line Thursday agreed to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices. Additionally, a federal grand jury in San Juan, Puerto Rico, returned an indictment against Frank Peake, the former president of Sea Star Line, […]
Jim Newsome, the president and chief executive officer of the South Carolina Ports Authority, told members of the port community that the Port of Charleston is the “best value for money for the nation in South Atlantic harbor deepening” and highlighted the importance of deep harbors for exporters. In a “state-of-the-port” address on Tuesday, […]
The liner carrier APL is set to join one of its transpacific services with a China-Middle East service in a new pendulum rotation, the carrier confirmed to American Shipper Wednesday. The merged service will combine APL’s PS1 transpacific loop – which it runs in conjunction with New World Alliance partners MOL and Hyundai […]
Six down, seven to go. The National Railway Labor Conference said it has reached tentative collective bargaining agreements with four additional unions this week: the International Brotherhood of Electrical Workers, the Brotherhood of Railway Carmen, the International Association of Machinists and Aerospace Workers, and the Transportation Communications International Union. The deals were struck […]
IAS said it has unveiled extensions to its IAS DispatchManager product that automates the container haulage work order process from creation to proof of delivery. The three new IAS modules are designed to help ocean carriers,cargo owners, third-party logistics providers, and motor carriers connect and collaborate more effectively. They are: DispatchOptimizer which helps […]
The supply chain practice group of commercial real estate services provider Cassidy Turley and supply chain consulting firm Tompkins Associates said Wednesday they have tied up a partnership to provide their clients “holistic” network design, inventory, distribution, transportation and real estate services. “Because the global industry landscape demands that supply chain and commercial […]
DB Schenker Logistics said this week it is introducing new airfreight routes between Europe and North America. The new flights, operated with Boeing 777 freighters, will connect Luxembourg with Chicago and Toronto, while another flight will connect Luxembourg with Atlanta and Houston. “Our new flights enable us to offer shippers secure capacity […]
Insurance company TT Club has published the results of a survey it conducted in July on the subject of overweight containers and proposals that containers be weighed. TT Club noted the issue was discussed by a subcommittee of the International Maritime Organization in September 2011 “and it has been left with the World Shipping […]
Former Transportation Secretary Norman Y. Mineta said a six-cent increase in the gasoline tax in the middle of last decade would have raised enough revenue to meet infrastructure needs.
