Truckload carrier USA Truck said it lost $4.3 million in the third quarter, bringing its year-to-date loss to $6.4 million compared to a $1.5 million loss for the first nine months of 2010. A 1.9 percent uptick in revenue to $102.6 million was offset by major problems with a computer system upgrade, softer-than-expected […]
The Federal Motor Carrier Safety Administration said Friday it has postponed publication of a final rule on hours-of-service for commercial truck drivers at least another month. The agency was required under terms of a court settlement to produce a revised rule by the end of October, but most observers expected the deadline would not […]
Basel Convention delegates have made a “breakthrough” to unblock an amendment that would ban the export of hazardous wastes from OECD to non-OECD countries.
TNT Express on Monday said it recorded an operating profit of 32 million euros ($44.6 million) in the third quarter, a 13.5 percent drop from the same period in 2010. The company’s revenue, however, rose 1.3 percent, to 1.8 billion euros ($2.5 billion). “During the quarter, the performance in our European home […]
Echo Global Logistics said it had a profit of $3.4 million in the third quarter, 30 percent more than the $2.6 million earned in the same 2010 period. Revenue for the Chicago-based logistics services provider was $159 million for the third quarter compared to $113.5 million in the same 2010 period. Echo […]
Two men pleaded guilty last Friday in a probe of alleged extortion of money from dock workers at the Port of New York and New Jersey, said New Jersey Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor. Joseph Queli, 65, of Wall, N.J., and Nicholas Bergamotto, 64, of Newark, […]
FMC study riles Canadian industry and government leaders. By Chris Dupin A long-expected decision last month by the U.S. Federal Maritime Commission to begin an investigation into diversion of U.S. imports and exports through Canadian ports has ruffled the feathers of some Canadian business and government leaders. FMC Chairman Richard A. Lidinsky Jr. has said […]
As Horizon Lines, the nation’s largest domestic container carrier, completed a financial restructuring this fall, and one of its competitors in the Puerto Rico trade, Trailer Bridge, continued its efforts to refinance, there were renewed efforts to examine or loosen restrictions on which ships and companies can participate in domestic shipping trades.
For 25 years, carriers bringing cargo into the U.S. commerce have had access to an automated system to file their manifests with Customs. Yet driving the success of the Automated Manifest System (AMS) has been an enduring partnership of shipping industry documentation specialists, freight traffic managers, and programmers and government technologists, program officers and […]
By Chris Dupin, Associate Editor If the Commerce Department finds an exporter to the United States is “dumping” product, or selling it below the normal value in the origin country, it imposes an antidumping duty equivalent to the percentage difference between the normal price in the home market and the lower price at which it […]
In a surprise move, Luxemburg’s Cargolux in mid-September refused to take delivery of the first two 747-8 freighters to come off the Boeing production line due to unresolved contractual issues. That was followed four days later by Atlas Air’s announcement that it was cancelling orders for three Boeing 747-8s because of delays and “performance considerations.”
A customs broker and freight forwarder doesn’t have to be a giant to be a leader in the industry. That could be said about Brauner International, an 80-year old family firm based in Jersey City, N.J., whose executives are well known in both the New York area and within national forwarding groups.
In large, complex organizations information that may seem insignificant to one group is often extremely important to another. Compliance managers know this challenge well as their processes, goals, and ultimately their needs are often misunderstood or overlooked. Leggett & Platt — made up of 19 business units, 19,000 employees, and 140 facilities located […]
The liner carrier China Shipping Container Line said Thursday that it will spend up to $1.1 billion on a series of as many as 12 10,000-TEU containerships to be built by two Chinese shipyards. The order is for four ships each with Hudong Zhongshua Shipbuilding Co. and Dalian Shipbuilding Heavy Industries Co., with […]
The liner carrier China Shipping Container Line said Thursday it sustained net losses of $149 million in the third quarter, widening the line’s net loss for the year to $247.7 million. The line didn’t release details on its revenue, operating profits or container volume for the period or year-to-date.
A second container ship has run aground near the port of Tauranga where authorities are struggling to salvage the wrecked Rena. The 660-TEU Schelde Trader hit rocks after it lost power leaving Tauranga.
Customs and Border Protection has fined Escopeta Oil and Gas $15 million for using a COSCO heavylift ship to transport an oil rig on the first leg of a move from the Gulf of Mexico to Alaska. The fine was based on the value of the rig. Jon Waldron, an attorney with […]
Maersk Line and CMA CGM have added a new call at Xingang to their FM2/CIMEX service between the Far East and Indian Subcontinent, American Shipper affiliate ComPair Data confirmed Thursday. China’s state-owned news agency Xinhua first reported the new call in Xingang. The rotation for the service is Pipavav, Nhava Sheva, Karachi, […]
International Shipholding Corp. said Thursday that it had profit of $2 million in the third quarter ending Sept. 30 compared to a loss of $13.8 million in the same 2010 period. In the 2010 quarter the company had incurred a $25.4 million non-cash impairment charge relating to its U.S.-Mexico rail ferry service. […]
China COSCO Holdings, the parent company of liner carrier COSCO Container Lines, has reported a third quarter net loss of $330 million on $2.8 billion of revenue. The company’s container division saw revenue decrease 21.3 percent, to $1.4 billion, despite its container volume rising 14.2 percent, to 1.9 million TEUs, during the quarter. […]
