Alexander & Baldwin, the conglomerate parent of Matson Navigation, reported profit for the third quarter ending September 30 of 2011 of $8.7 million, compared to $25.7 million, as earnings took a hit from Matson’s decision to discontinue one of its two transpacific container liner services. A&B’s revenue for the third quarter of 2011 […]
Steve Hastings, the president of Sea Star Line, resigned last week. Anthony Chiarello, the president of American Shipping Group, will serve as acting president of Sea Star while the company performs a search for his replacement. American Shipping Group (ASG) is the subsidiary of Saltchuk Resources, which manages five companies including Sea […]
After 11 months of negotiations, the Corpus Christi port commissioners on Tuesday approved the sale of part of its Ingleside Facility to Canyon Supply & Logistics. The sales agreement is for 185.5 acres for about $66 million dollars, subject to appraisal modifications. To seal the agreement, Canyon agreed on a $20 million down […]
The Indonesian government, in partnership with Deutsche Post DHL and United Nations Development Program, has initiated a disaster preparedness program for the country’s airports. This year’s “Get Airports Ready for Disaster” training program will take place at the Ngurah Rai airport Denpasar, Bali and El Tari in Kupang, West Timor. Supported by […]
A private navy set up to assist commercial vessels in transiting the pirate-infested waters of the Gulf of Aden said this week it plans to start operations within five months, according to a Bloomberg report Monday. The company, Convoy Escort Programme Ltd., is backed by U.K. insurance and reinsurance broking company Jardine Lloyd […]
The Grand Alliance has amended one of its transpacific loops to incorporate new eastbound calls in Japan, while dropping eastbound calls at Cai Mep and Kaohsiung, according to American Shipper affiliate ComPair Data. The service, which the lines call SCX, now has a revised rotation of Laem Chabang, Singapore, Kobe, Nagoya, Tokyo, Los […]
ECS Group, a global air cargo general sales and service agency (GSSA) has opened its first offices in India in Mumbai and Delhi, the company said Monday. “The South Asia market represents some 5 percent of the global air cargo market in tonnage terms and India represents its most thriving market,” ECS said. […]
A China Cargo scheduled flight from Shanghai to St. Louis was postponed this week for the third week running, according to a report in the St. Louis Post-Dispatch. The report said soft airfreight volumes out of China were the reason for the cancelled flights, with airlines pulling service on unproven routes, such as […]
Hub Group said that its Comtrak Logistics subsidiary had acquired assets of Challenge Transportation, an intermodal drayage carrier headquartered in Newark, NJ. Challenge has 41 drivers and covers the Tri-State and Northeast region.
U.S. domestic container volume grew 9 percent in the third quarter, its best year-on-year growth of 2011, according to the Intermodal Association of North America’s Intermodal Market Trends & Statistics report released Monday. The report showed that total intermodal volume, including domestic trailers and international containers, grew 1.4 percent in the quarter, the […]
Mediterranean Shipping Co. said this week it plans to charge for cargo moving from Asia to North America by way of the LA/Long Beach Alameda Corridor connecting to downtown LA rail yards.
CargoSmart has launched a Schedule Reliability product that will allow users to compare actual vessel arrival times with those shown on schedules on about 900 trade lanes, covering all major ports. Saves selecting carriers by trial and error.
The United States has started exploratory discussions with the East African Community on the development of a potential new trade and investment partnership. EAC includes Burundi, Kenya, Rwanda, Tanzania, and Uganda.
Los Angeles-based freight forwarder Consolidators International, Inc. has selected Gibson Freight as its new partner in Australia. Thirty-year-old Gibson Freight operates terminals in three of Australia’s largest ports to handle both air and sea containers as well as breakbulk freight. The company owns a fleet of 150 trucks to move cargo throughout the country. […]
The six primary container ports on the U.S. West Coast thanked the Federal Maritime Commission for opening an investigation into why an increasing amount of cargo is being routed through the Canadian ports of Prince Rupert and Vancouver. In a letter last Friday, the ports singled out U.S. regulations – namely the Harbor […]
The Senate on Nov. 1 confirmed Eric L. Hirschhorn’s nomination to be undersecretary of the U.S. Commerce Department’s Bureau of Industry and Security, a position he has held through a recess appointment by President Obama since April 2, 2010. Hirschhorn is highly regarded among U.S. export interests for the work that he and […]
Kuehne + Nagel said it will pay a $9.9 million fine to resolve allegations that international freight forwarders coordinated their activities with respect to establishing certain surcharges. The Swiss forwarder said the U.S. District Court for the District of Columbia approved a plea agreement that K+N entered into with the U.S. Department of […]
Refrigeration experts believe they have discovered with “near certainty” the cause of several explosions in the cooling systems of refrigerated containers, explosions that have killed three workers worldwide.
The two major carrier discussion agreements in the transpacific were called on the carpet last week by the chairman of the Federal Maritime Commission. Transcripts “shockingly tardy”.
