Canadian National Railway and food broker and logistics company Agri-Food Central said Thursday they have reached an agreement to improve the supply chain for specialty grains moving from Western Canada to Mexico via rail and to other markets including those in Latin America through Atlantic, Pacific and Gulf coast ports served by CN. Agri-Food […]
Rand Logistics said its Canadian operating subsidiary Lower Lakes Towing had completed the previously announced acquisition of a U.S. flagged bulk carrier on Oct. 14, that it has subsequently re-flagged in Canada. Scott Bravener, president of Lower Lakes, commented, “The acquisition of this vessel expands our fleet at a price well below replacement […]
Union Pacific said it had profit of $904 million in the third quarter, 16 percent more than the $778 million earned in the same 2010 period. Revenue at the Omaha, Neb.-based railroad was $5.1 billion in the quarter, 16 percent more than $4.4 billion recorded in the third quarter of 2010. The […]
Kansas City Southern Railway said it had profit of $100.1 million in the third quarter ending Sept. 30, compared to $52.8 million in the same 2010 period. Revenue was $544.5 million in the quarter, 24 percent more than the $438.3 million in the corresponding 2010 period. The comparable results from last year’s […]
DHL Global Forwarding said it is widening its focus to include the logistics of marine spare parts. The company has opened an office, what it calls the “global marine spare parts logistics control tower,” in Singapore and said it is “well positioned to capitalize on the $1 billion shipping spare parts logistics industry […]
Dachser Transport of America (Dachser USA), the U.S. subsidiary of Kempten, Germany-based Dachser GmbH & Co. KG., has opened a new office in Dallas to provide logistics services to shippers in the North Texas and Oklahoma markets. Janis Mullman, a 25-year industry veteran, has been appointed office manager. By mid-2012, the office is […]
Foye The Port Authority of New York and New Jersey’s board of commissioners on Thursday confirmed Patrick J. Foye, New York Gov. Andrew Cuomo’s recommendation to be the executive director of the bistate agency. See: Foye tapped to lead NY/NJ port authority At its monthly meeting, the board also authorized $13.8 million […]
The U.S. Environmental Protection Agency announced organizations across the country will receive $50 million to retrofit or repower trucks, locomotives, vessels and other diesel powered equipment with modern engines that produce fewer levels of harmful emissions. The competitive grants are part of the agency’s diesel emissions reduction program authorized by Congress in 2005. […]
The Port of Busan saw container volume rise 16.4 percent in September, to 1.3 million TEUs, according to the Busan Port Authority. For the year, the port’s volume has risen 13.6 percent, to 12 million TEUs. Export volume in September rose 13.9 percent, to 346,648 TEUs (though growth in September was flat […]
China’s hold on intra-Asia trade has reached equilibrium, says consultant Mathijs Slangen, of Seabury Group. The trade hasn’t yet decoupled from the global economy, but is moving that way.
While ports on the U.S. East Coast race to accommodate the expected growth in volumes from 2014 when the widened Panama Canal is set to open, it may not change trade flows all that much. Bigger ships are already moving via Suez.
Hapag-Lloyd said it has created a computer program that shippers can use to calculate the emissions of carbon dioxide, sulfur dioxide (SO2), nitrogen oxides (NOx) and particulate matter (PM10) resulting from transport of their goods. The German container shipping company said its “EcoCalc” tool covers emissions of not only the ocean leg, but […]
New Zealand authorities said removal of bunker fuel from the wrecked containership Rena resumed Thursday after poor weather caused suspension of pumping on Wednesday. Maritime New Zealand, the agency overseeing clean-up of the wreck, said 88 containers have been lost overboard and 29 are unaccounted for. The ship went aground on Astrolabe Reef […]
The German project cargo and heavy lift specialist carrier Rickmers-Linie said it will soon begin making regular monthly calls at the Port of Bilbao in northern Spain. To test the market, Rickmers-Linie has already made several calls recently, mostly on an inducement basis. Inbound cargoes have included steel plate from Asia and granite […]
Mediterranean Shipping Co. said Thursday it has adjusted its bunker adjustment factor on shipments from the Far East to the United States. The revised bunker fee levels are $757 per 20-foot container, $947 per 40-foot container, and $1,065 per 45-foot container to U.S. East Coast ports; and $411 per 20-foot container, $514 per […]
Hong Kong’s SuperTerminal 1 – the world’s largest independent air cargo handling facility – will migrate to a totally new cargo management system in December, following almost three years’ development by the operator of the terminal, Hong Kong Air Cargo Terminals, Ltd. (HACTL). The new $30 million system is the fourth major upgrade […]
Forward Air Corp. said it had profit of $12.9 million in the third quarter ending Sept. 30, 45 percent more than the $8.9 million earned in the same 2010 period. Revenue for the third quarter was $135.7 million, 11 percent higher than the $121.5 million in the third quarter of 2010. “We […]
DHL Supply Chain has appointed Richard Winnall as the new country manager of its Singapore operations. He takes over from Peet Leong, who left the company to pursue opportunities outside the logistics industry. Winnall will report to Oscar de Bok, chief executive officer for South and South East Asia at DHL Supply Chain.
Electronic devices on trucks that record the amount of time a vehicle is driven by an individual have gotten a bad wrap for reducing fleet productivity, but an industry expert says results depend on how they are used. Many large motor carriers have voluntarily installed onboard recorders on their trucks to make sure […]
Frozen Food Express Industries (FFEI) said it has agreed to sell its dry van trailers and surplus tractors to Celadon Trucking Services. The refrigerated trucking firm said it was following through on a plan announced earlier this month to sell about 435 dry van trailers and reduce its fleet of tractors by 290. […]
