Dubai-based logistics company Aramex said Monday that it has started a joint venture with the China-based freight forwarder/express/logistics company Sinotrans Air Transportation Development Co. (Sinoair). The joint venture Aramex Sinoair is intended to link Aramex services with Sinoair’s broad coverage of the China market, with the first office opened in Shangahi. […]
Washington Notebook
During the next four years, Swiss WorldCargo will introduce new “lightweight” containers to its fleet. The company said the unit load devices (ULD) will significantly reduce weight and, by extension, lower fuel consumption, costs and CO2 emissions. Starting in December, the cargo division of Swiss International Air Lines Ltd. will start deploying the containers […]
SoCal ports, local groups team up to prevent cargo diversion. By Eric Kulisch The expansion of the Panama Canal in 2014 and the potential threat that it will draw transcontinental cargo away from Southern California ports to Gulf and East Coast rivals is a useful foil for getting local support to make the Port […]
Maersk Line has signed a five year contract infrastructure services agreement worth more than $150 million with Hewlett-Packard, under which Maersk will use HP’s cloud-enabled data centers and HP Workplace Services. “This is about enablement of the Maersk Line organization, allowing all our individuals, teams and departments to leverage the latest technologies in […]
The NCBFAA has asked the FMC to look again at its recent exemption rules concerning NVOCC rate arrangements (NRAs) and NVOCC service arrangements (NSAs) which are little used.
A drop in business confidence amidst worsening economic conditions led to a 4.7 percent drop in freight-ton kilometers flown in October versus the same month in 2010, the International Air Transport Association reported Monday. Since June, air cargo volumes have slumped almost 5 percent even though world trade overall is only off by 1 […]
May mean 2010 You are right; I’ve corrected it
APS Stevedoring, a new auto and general/breakbulk cargo stevedoring company headquartered in Long Beach, Calif., began its first operations at the end of October in the Port of Richmond, Calif. Current customers in Richmond include Subaru, Honda, MOL, Act Maritime, K Line and NYK. The company plans to expand throughout the U.S. West […]
The Indian government last week opened its doors to multinational retailers through a relaxing of foreign direct investment regulations. The government has proposed allowing single-brand retailers (such as the furniture giant IKEA) to wholly own stores in India, while multi-brand retailers (like Wal-Mart and Carrefour) can own a 51 percent stake. Previously foreign […]
Maersk Line said last week it is raising rates from Asia to a host of destination regions from Dec. 15. From the Far East to Mexico, Central America and the west coast of South America, rates will rise by $600 per 20-foot container and $1,200 per 40-foot or 45-foot high-cube container. To […]
American Trucking Associations President Bill Graves recently cast doubt on the ability of Congress to pass a bill in the near future reauthorizing federal surface transportation programs. Optimism for a new spending blueprint increased after the Senate Environment and Public Works Committee this month approved a two-year, $85 billion bill funding highway maintenance, safety […]
Maersk Line said it will suspend its ICON service between the Indian Subcontinent and Europe from early February, and will link the region to Europe via Colombo calls by the AE7 and AE1, two of its existing Asia-Europe “daily” loops.
The Chilean liner carrier CSAV has sought to dispel rumors that it plans to sell its container shipping business after the line lost $890.9 million through the first three quarters of 2011. The steep loss, compared to a $218.9 million profit in the same period in 2010, came even as the line’s revenue […]
The National Industrial Transportation League, the nation’s largest shipper group, on Wednesday asked Congress to quickly consider and apply the terms of a recently appointed Presidential Emergency Board on both rail management and labor if the parties fail to reach agreement in the next two weeks. In a letter to all 535 members […]
DHL has announced Chizoba “Chizzy” Nnamchi, formerly of 3M, has been appointed chief executive officer of its Global Forwarding for Central Africa. In his new role, Nnamchi is responsible for the air and ocean freight in Ghana, Angola, Nigeria, Gabon, Cameroon and the Republic of the Congo where there is a strong focus on […]
Global logistics provider Kuehne + Nagel has won a contract to manage inbound logistics for Bonfiglioli’s new assembly plant in Chennai, India. Bonfiglioli, Bologna, Italy, makes power transmission and control systems.
Washington Notebook
O’Malley Maryland Gov. Martin O’Malley is scheduled to arrive in India Monday with representatives from 43 companies, educators and state officials on a six-day trade mission to Hyderabad, Mumbai and New Delhi. Prior to arriving in India O’Malley and Christian Johansson, secretary of business and economic development, will make a brief stop in […]
Member container lines in the Canada Transpacific Stabilization Agreement said last week their currency adjustment factor will be 7 percent effective Jan. 1. The 10 members generally announce the currency surcharge more than one month before it goes into effect. CTSA members are APL, COSCO Container Lines, Evergreen Line, Hapag-Lloyd, Hyundai Merchant […]
