A dour container shipping environment dragged Japan’s Big 3 container lines a collective $570.5 million into the red in the first half of their 2011 fiscal years, according to financial filings by MOL, NYK Line and “K” Line Monday. The losses outstripped the three lines’ collective group first half loss – which stood […]
A shortage of drivers dented Celadon Group’s earnings potential in the third quarter and is the primary reason why it is hunting for other motor carriers to acquire, company executives said during a conference call with analysts Thursday. The company’s biggest negative was a 6 percent reduction in seated trucks – available equipment […]
The shortage of drivers in the trucking industry is real. Companies are not overhyping the problem to scare shippers. They truly are having a difficult time finding qualified drivers, especially with tighter monitoring by the Department of Transportation of one’s driving history. Under the new Compliance Safety Accountability program, drivers receive a […]
The American Trucking Associations says it plans to appeal a 9th Circuit Court decision that upheld some aspects of the Port of Los Angeles clean truck program. The trade organization said its board decided to seek an appeal earlier this month. While the ATA prevailed in overturning the port’s ban on owner-operator draymen, […]
The Government Accountability Office said while the rail industry has reduced accidents 40% in last 10 years, the it needs to continue efforts to reduce worker fatigue.
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.
