The American Trucking Associations’ advance seasonally adjusted for-hire truck tonnage index increased 0.5 percent in October after rising a revised 1.5 percent in September 2011. The not-seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 118.5 in October, which was 0.8 percent below […]
The first sailing of FESCO Russian Pacific Line’s new direct all water service to Vladivostok departed the Port of Tacoma Tuesday. The service will use roll-on/roll-off vessels, as part of its direct fortnightly service to Vladivostok and other points in the Russian Far East. Breakbulk, project, and ro-ro cargoes–including trucks, trailers and […]
The information service Alphaliner says there is “no immediate relief in sight for carriers engaged in the war of attrition on the Far East-North Europe trade” in what it says are “unprecedented” low rates. It says negative base rates have been offered on the Asia-Europe trade since September and only a mild recovery expected in […]
The American Club said Wednesday it is seeking a 5 percent increase in all classes of premium (mutual and fixed-premium) for both protection and indemnity P&I and freight, demurrage and defense insurance for the 2012 policy year that starts on Feb. 20, 2012. The club said there is no expectation of any unbudgeted supplementary calls […]
U.S.-flag Great Lakes freighters carried 9.8 million tons of dry-bulk cargo in October, a weather-driven decrease of 3 percent compared to September, but an increase of 3.2 percent compared to a year ago. The October float was 5 percent below the month’s 5-year average, but the decrease partially reflects the significant weather-related delays the […]
The Port of Los Angeles next year intends to adopt a program developed by the International Association of Ports and Harbors that provides financial incentives for commercial vessels that perform better at reducing pollutant air emissions.
The Global Shippers Forum, which held its first annual meeting last week in Atlanta, is developing an advisory service for shippers trying to improve their contracts. Chris Welsh, secretary-general of GSF, said the service will be based on one rolled out by the Freight Transport Association in the United Kingdom early this summer after […]
The trade information service Panjiva said retailers are taking precautions to avoid a large surplus of products. Some popular toys and high end consumer goods may be hard to find in stores this holiday season because of cautious ordering.
Sino-Global Shipping America, a New York-based provider of shipping agency services operating primarily in China , said Tuesday that it had signed a memorandum of understanding with the Wilson, Sons Shipping Agency, subsidiary of Wilson, Sons, a public company listed on the BM&F Bovespa stock exchange in Brazil. Under the terms of the […]
Diana Containerships on Tuesday reported net income of $2.7 million for the third quarter of 2011, compared to a net loss of $0.1 million for the same 2010 period. Time charter revenues were $9.7 million for the third quarter of 2011, compared to $2.4 million for the same period of 2010, mainly due […]
The Korean National Assembly on Tuesday approved the U.S.-Korea Free Trade Agreement by a reported vote of 151-7, and industry groups now urge both the United States and South Korea to quickly implement the agreement’s tenets.
Toll Global Forwarding has appointed Siegfried Nottelmann as managing director in Germany. Nottelmann joined Toll in August, when his company Andree & Wilkerling was acquired by the group as part of its European expansion. He had been Andree & Wilkerling’s managing director since 2005. In his new post, Nottelmann will manage the combined businesses […]
General Electric has a new central logistics center for renewable energy components in Olive Branch, Miss. The facility is part of GE’s strategy to further improve customer response times throughout North America as more wind and solar energy projects are developed and existing power facilities require maintenance. Olive Branch is located 23 miles south […]
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. […]
