More than 100,000 people have subscribed for UPS My Choice since the company rolled out the service on Sept. 14 to give customers more delivery options, Chairman and CEO Scott Davis said during the company’s quarterly earnings call with analysts on Tuesday. The new innovation gives customers the ability to control the time […]
The U.S. Commerce Department’s Bureau of Industry and Security said four companies agreed to pay a total of $ 72,000 in civil penalties to settle allegations that each violated the antiboycott provisions of the Export Administration Regulations. ChemGuard Inc, located in Mansfield, Texas, will pay a civil penalty of $22,000 to settle seven allegations […]
TNT Express N.V. has appointed Jan Ernst de Groot to general counsel and managing director of external affairs, effective Nov. 1. His focus will be legal and regulatory affairs, including sustainable development. He previously worked at KLM Royal Dutch Airlines in various management positions.
COSCOPacific Limited said it had revenue of $160 million in the third quarter of 2011 compared to $107 million in the same 2011 period. The company, which is a whole or part owner of about 15 Chinese terminals and four overseas, said container through put at terminals at which it is an investor […]
Could it be that the United States is pretty much the most unattractive import market for container lines? According to a chart compiled by the maritime consulting unit of the Seabury Group, the United States’ import market sits in the unenviable position of having among the lowest growth characteristics coupled with a fairly […]
UPS Tuesday reported modest operating profit and flat volumes in the third quarter. Operating income grew 0.2 percent to $1.62 billion on delivery of 965 million packages, an increase of 0.7 percent from a year ago. Adjusted for non-recurring events, operating profit actually grew 6.2 percent. Net income was up 5.1 percent to […]
NYK said it has entered the Brazilian container cabotage trade, acquiring a 10 percent interest in Maestra Navegação e Logistica S.A. (Maestra) and two group companies. The two partners plan to begin a new service in November using four vessels with nominal capacity of 1,100 to 1,600 TEU that will offer fixed-day weekly […]
In response to Horizon Lines’ announcement that it will be discontinuing its Guam service effective November 10, Matson told customers that it has the vessel capacity and necessary equipment to handle the additional volume and maintain existing levels of service without requiring any new fleet deployments. Matson’s said its U.S.-flag ships currently provide […]
Costamare says its containership Rena is a total constructive loss. The incident will have a financial impact on the company but says it has insurance for pollution, salvage, clean up response, hull and machinery and third party claims.
The containership leasing and operating company Costamare said it had a profit of $17.4 million in the three months ending September 30 compared to $23.8 million in the same 2010 period. Revenue was $99.9 million for the quarter versus $88.6 million in the third quarter of 2010. The company said it had […]
Norfolk Southern said it had a profit of $554 million in the third quarter ending Sept. 30, 24 percent more than it earned in the third quarter of 2010. Total railway operating revenues in the third quarter were $2.9 billion, up 18 percent from the $2.5 billion in the same 2010 period. […]
Canada’s two major railroads reported increased revenue rises in the third quarter of 2011 compared to the prior year. Canadian Pacific Railway said it had a profit of 186.8 million Canadian dollars (U.S. $184.2 million) in the third quarter of 2011 compared to C$197.3 million in the same 2010 period. The railroad […]
U.S. Customs and Border Protection agriculture inspector found a shipment of dried palm leaves contained a fungus during a routine inspection of dried palm leaves. The shipment arrived at George Bush Intercontinental Airport Air Cargo from Brazil on October 18. The shipment was later destroyed. Animal and Plant Health Inspection Service inspectors determined […]
A Georgia man was sentenced today to 46 months in prison, a $10,000 fine, and was ordered to forfeit $160,362 in connection with his efforts to illegally export military components for fighter jets and attack helicopters from the United States to Iran, the U.S. Justice Department said Wednesday. Michael Edward Todd, a U.S. […]
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.
