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. […]
Maersk Line plans to implement a number of rate increases in November, according to the line’s weekly customer notice. From Nov. 18, the line will seek a $500 per 40-foot high-cube reefer container increase from Ecuador to United States and Canada destinations. From Ecuador to Canada, Maersk will also raise rates by $100 […]
Wallenius Wilhelmsen Logistics (WWL) has named Robert Lord as its new regional director for Oceania, based in Sydney. The appointment is effective March 5, but Lord will join the company from Dec. 5 to aid the transition from current regional director Greg Martin, who is retiring from WWL after 40 years in the […]
A six-fold increase in third quarter profits means that the intermodal carrier is now debt free for the first time in its history as a public company and has cash to reinvest in its business to drive future earnings.
The inland and coastal barge operator Kirby Corp. reported a profit of $52.7 million in the third quarter of 2011 ended Sept. 30, compared to $30.7 million in the same quarter last year Consolidated revenues for the 2011 third quarter were $563.6 million compared with $281.3 million reported for the 2010 third quarter. […]
Hong Kong Air Cargo Terminals Limited (HACTL), a large cargo handling agent, said it continues to experience growth in transshipment traffic. Seven out of nine months this year have seen an improvement over 2010. Transshipments are up 5.5 percent for the first three quarters of 2011, and 8.5 percent for September. […]
The U.S. Trade and Development Agency awarded a $758,000 grant to the Air Traffic and Navigation Services Co. Ltd. of South Africa, a state-owned air traffic control and navigation services company. The grant will fund a study to evaluate the technical, financial, environmental and other critical aspects involved in a proposed airside capacity enhancement […]
The Toledo-Lucas County Port Authority board on Thursday approved the preparation for a new cargo operator, BX Solutions, at Toledo Express Airport. Start-up company BX Solutions has received permission to manage and maintain the cargo facility; manage the delivery of all services at, to and from the facility; and market the facility for intermodal […]
Thursday’s news that the U.S. economy grew 2.5 percent in the third quarter is the latest optimistic sign that companies hope will translate into more business.
