Hanjin Logistics said it had opened three new offices in Nanjing in China, Tokyo in Japan and Casablanca in Morocco. The Seoul-headquartered firm said it has expanded its network aggressively this year to strengthen its presence in the global logistics market and is developing strategic business partnerships with other firms. “Although economic […]
The logistics company C.H. Robinson said it had profit of $114.3 million in the third quarter ending Sept. 30, 11.4 percent more than the $102.6 million in the same 2010 period. Total revenue was $2.7 billion for the quarter, 11.3 percent more than the $2.4 billion recorded in the third quarter of 2010. […]
U.S. Agriculture Secretary Tom Vilsack will travel to Vietnam and China in mid-November to help strengthen bilateral trade relations and support American agricultural goods throughout the Asia Pacific region. Vilsack is the first sitting American Secretary of Agriculture to visit Vietnam. In Vietnam, Vilsack will meet with Vietnamese officials, talk with agricultural […]
U.S. Commerce Undersecretary for International Trade Francisco Sánchez on Monday met with Palestinian Authority Prime Minister Salam Fayyad in Ramallah to promote expansion of U.S.-Palestinian commercial relations.
Curto The New York/New Jersey Foreign Freight Forwarders and Brokers Association has chosen Joseph C. Curto, president of the New York Shipping Association to receive their 2012 Person of the Year Award. The award will be presented during the 95th annual dinner at the Marriott Marquis Hotel in New York on January 25, […]
Hub Group reported a profit of $16.3 million in the third quarter ending Sept. 30, 29 percent more than the $12.6 million earned in the comparable 2010 period. Revenue in the third quarter was $760.4 million, 59 percent more than the $478.4 million recorded in the third quarter of 2010.
Representatives Janice Hahn, D-Calif., and Ted Poe, R-Texas, announced Wednesday the formation of a Ports Caucus in the House to raise awareness about the importance of ports and generate legislative support within Congress. More than 13 million jobs and a quarter of Gross Domestic Product are tied to international trade, 95 percent of […]
The latest edition of the monthly Global Port Tracker forecast prepared by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics says shipments to European ports for the remainder of the year and early 2012 could be weak. “Much depends on the level of confidence and this depends on the handling […]
By Renee Roe, Senior Consultant, BPE Many people will tell you that you should write an Export Management and Compliance Program (EMCP) because the U.S. Commerce Department’s Bureau of Industry and Security (BIS) recently updated its guidelines. An even better reason to spend the time to ensure you have a current EMCP is to […]
By Chris Gillis, Editor It’s no secret that international shippers will move their freight through ports where they get the best service at the lowest price. Otherwise, it doesn’t really matter to them which ports their containers pass through en route to the final U.S. destination. So, why the uproar with west coast […]
OOCL is increasing the vessel size it operates on its KTX 2 loop, linking Japan with South China and Thailand, from 2,742 TEUs to 4,562 TEUs. Its Japan to Singapore KTX 1 loop already has 4,500-TEU ships.
Truck tonnage in the United States improved 5.9 percent in September from a year earlier while increasing 1.6 percent from August, a sign that the traditional peak shipping season is beginning at a moderate level, according to the American Trucking Associations. The industry group’s latest member survey puts the Truck Tonnage Index at […]
Union Pacific Railroad said this week it will spend $4 million to upgrade a rail line that runs from Jefferson City, Mo., to west of Marshall, Mo. The project, due to be completed by mid-December, will see the railroad replace more than a quarter mile of rail in various curves, as well as […]
Singapore Airlines Cargo said Tuesday that it will start twice-weekly Boeing 747-400 freighter services to Frankfurt from Nov. 2. The freighter services will complement the cargo capacity available on Singapore Airlines’ twice-daily passenger flights between Singapore and Frankfurt. Frankfurt is a major manufacturing and air transportation hub, with major exports being machinery and […]
The Justice Department said five individuals have been indicted for conspiring to export radio frequency modules to Iran to make improvised explosives.
The Luxembourg-headquartered global logistics company Logwin has moved to a larger facility in Guangzhou to capitalize on growing demand in Pearl River Delta region, the company said Wednesday. “The new office is part of a longer term plan by Logwin to expand its sales capability and office network across a region that includes […]
Trade and logistics software developer Kewill has released its second annual review of the state of global trade management, 2011 Best Practices Survey for Global Trade Management, and found that 73 percent of the industry still has completely manual or semi-automated processes for preparing export documentation. Kewill surveyed more than 800 logistics professionals […]
Non-vessel-operating common carrier CaroTrans has started a new all-water less-than-containerload import service from Shanghai to Boston. The first sailing of this weekly service was Oct. 20. This offering is in response to requests from importers for a fast service direct to Boston that bypasses New York metropolitan area congestion, the NVO said. […]
Non-vessel-operating common carrier Vanguard Logistics Services has launched three new direct less-than-container load ocean services from Dalian, Shenzhen and Tokyo/Yokohama to Chicago. “Direct service is the freight forwarder’s preference as it provides faster transit times, less damages and fewer delays,” said Richard Haddock, Vanguard’s U.S. import business development manager. The neutral NVO […]
The head of the nation’s largest container port suggested Monday that Canada’s investment in its western ports to capture more Asian trade is smart policy and that a U.S. government inquiry into cargo diversion up north should focus on domestic impediments to U.S. port competitiveness. In a wide-ranging interview with American Shipper’s editorial […]
