Breakbulk vessel operator CaytransBBC has introduced regular twice-monthly sailings from the Port of Houston Authority’s Care Terminal to Venezuela and Trinidad and Tobago.
The 12-member congressional “supercommittee” tasked last summer with identifying at least $1.2 trillion in spending cuts during the next 10 years officially declared failure on Monday, setting the stage for automatically triggered cuts that will affect the entire government, including the Department of Transportation. The joint committee of senators and congressmen was required […]
The United States and China on Monday made progress to boost U.S. exports and jobs through the removal of trade barriers. China will change its enforcement of intellectual property rights.
The Commerce Department on Tuesday revised downward its estimate of U.S. economic growth in the third quarter to 2 percent from 2.5 percent last month. The new estimate of the nation’s output of goods and services is based on more complete data. Productivity increases came from consumer spending, exports, federal government spending and non-residential […]
CargoNet, formed by the ISO and the National Insurance Crime Bureau has issued a 10-point caution about cargo theft during the holiday season. Tips range from not leaving loaded trailers unattended to fitting covert tracking devices.
The logistics software company CargoWise said Tuesday it has acquired Canada-based VivaSoft, a logistics technology provider. “The deal enhances CargoWise’s presence and customer base in Canada and will contribute to the company’s exceptional 2011 growth of over 215 percent per annum across the North American market,” CargoWise said in a statement. “CargoWise will […]
Trailer Bridge, which operates a combined trucking and liner barge service between the U.S. mainland and Puerto Rico and the Dominican Republic said it had a loss of $1.9 million in the three months ending Sept. 30. In the same period a year earlier, the company essentially broke even, earning just $6,900. […]
The liner carrier Mediterranean Shipping Co. said Monday it will raise rates from the Far East to the west coast of South America from December. The increase, $600 per TEU, is effective Dec. 15.
I picked up some good wise cracks at the Environmental Protection Agency’s Freight Sustainability Summit, a.k.a. the SmartWay lovefest. There were lots of shippers and carriers at the D.C. event on Nov. 17-18 talking about how the EPA’s SmartWay program has really given them an avenue to reduce the environmental impact of their […]
While a World Trade Organization panel on Friday affirmed the right of the United States to require origin labeling for meat products, it challenged certain aspects of the regulation. In December 2008, Canada and Mexico initiated dispute settlement proceedings against the United States’ country of origin labeling (COOL) requirements. Among other claims, Canada […]
Nearly one in three eastbound transpacific shippers and Non-Vessel Operating Common Carriers has had at least some cargo rolled in recent weeks, but most say it’s not happening often, according to a poll conducted last week by American Shipper. The poll found that 69 percent said they had no cargo rolled at all, […]
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 […]
