The trucking and logistics company Werner Enterprises said it had profit for the third quarter ending Sept. 30 of $29.6 million, 22 percent more than the $24.2 million earned in the same 2010 period. Revenue for the Omaha, Neb.-based company was $509.6 million in the third quarter, 10 percent more than the $463.3 […]
One of the hard lessons resulting from the triple disaster in Japan last spring is that companies did not have as diverse a supply base for components as they thought, Jenny Lin, senior economist for Ford Motor Co., said Wednesday. Car makers temporarily idled assembly plants in Japan, the United States and Europe […]
The Coalition for American Solar Manufacturing has filed complaints against Chinese companies for dumping products within the U.S.
A group of more than 35 industry associations in a letter Wednesday to the White House voiced their support for the United States’ effort to negotiate an updated, robust Trans-Pacific Partnership (TPP). They also urged the administration to continue the country’s longstanding and bipartisan approach of seeking a comprehensive TPP agreement that covers […]
The Transportation Marketing and Sales Association (TMSA) will hold two new educational webinars later this month. On Oct. 27, Rick Karlton, director with the sales, marketing and communications practice at the Sales Executive Council, will discuss the alignment between sales and marketing. The webinar will teach attendees how to deliver insights to customers […]
XPO Logistics of Buchanan, Mich. said Scott Malat has been appointed senior vice president of strategic planning. He will be responsible for advising on the company’s strategy and capital structure, analyzing potential acquisitions and other growth opportunities, and managing investor relations. Malat was most recently with Goldman Sachs Group, where he served […]
Non-vessel-operating common carrier Ocean World Lines opened a new office in Houston to handle cargoes to and from the region. OWL, a subsidiary of Pacer International, will handle project and out-of-gauge cargoes too large for standard containers, as well as provide logistics services specific to the petro-chemical industry. “It is a fast growing […]
New York Gov. Andrew Cuomo has appointed Patrick Foye as the new executive director of the Port Authority of New York and New Jersey (PANYNJ). Foye is currently the governor’s deputy secretary of economic development, a role in which he manages the state’s initiatives for economic recovery, investment, and job creation, and oversees […]
Maersk Line and MISC have significantly increased the coverage of a service linking Southeast Asia and Oceania, adding six calls and five vessels to their NZ1/NZE service, according to American Shipper affiliate ComPair Data. The additions change the service from a loop to a butterfly arrangement, with new calls at Port Kelang, Brisbane, […]
The CMA CGM Group said Wednesday that Emirates Shipping Line has joined as a vessel provider in a service connecting Southeast Asia with East Africa. The service, dubbed ASEA by CMA CGM, since last week has operated with six vessels (four from CMA CGM subsidiary Delmas and two from Emirates). The move will […]
Mediterranean Shipping Co. said this week it will assess a low water surcharge on shipments moving from northern Europe to Canada and the U.S. Midwest via Montreal. The low water fee will be $100 per 20-foot container and $150 per 40-foot container from Nov. 7.
Maersk Line has tweaked the rotation of a service connecting Europe with the Indian Subcontinent, according to American Shipper affiliate ComPair Data. The line’s ICON service, on which subsidiary line Safmarine takes slots, is dropping calls at Chennai and one of two calls at Colombo. A second Colombo call will remain as the […]
Import cargo volume at the nation’s major retail container ports is expected to increase 2.6 percent in October over the same month last year and should reach its highest level of the year as retailers stock up for the holiday season, said the monthly Global Port Tracker report released Tuesday by the National Retail […]
An Oct. 14 AS+ story about the Shanghai Shipping Exchange and its Shanghai Containerized Freight Index misnamed another container index published by a joint venture of London-based Drewry and the Singapore-based Cleartrade Exchange. Its proper name is the World Container Index. The SSE says it is now looking at creating a separate index for imports […]
Motor carriers are bracing for new driver work rules that are expected to complicate operations and increase costs, but a prominent industry official says that shippers need to temper their service expectations in an era of heightened safety regulations. Regulatory and economic pressures, including the rising price of new trucks with less fuel-efficient […]
Dan England, chairman of C.R. England Inc. of Salt Lake City, was elected chairman of the American Trucking Associations on Tuesday. England urged industry unity in the face of “a possible change to the hours-of-service rule, a long overdue highway bill and a mounting stack of regulations on top of a sluggish economic […]
The U.S. Federal Motor Carrier Safety Administration recently fined American Welding & Tank LLC $3.9 million for manufacturing unsafe tanks used to transport and store anhydrous ammonia, a nitrogen-based fertilizer in gas form that is stored under high pressure and is dangerous to breath or touch. The agency said it followed up on […]
The U.S. Transportation and Commerce departments on Tuesday announced a partnership to promote domestic manufacturing jobs and opportunities for U.S. suppliers through transportation investments. The Commerce Department’s Manufacturing Extension Partnership (MEP) will help manufacturers meet DOT’s strict “Buy America” and “Buy American” standards, connecting U.S. manufacturers and suppliers for work on highways, railways and […]
CSX said it had a record third quarter profit of $464 million, 19 percent more than the $414 million earned in the same 2010 period. Revenue was $2.96 billion for the period, 11 percent more than the $2.67 billion recorded in the third quarter of 2010. The big increase in revenue came […]
CSX said it has reached a long-term agreement to haul containers for Maersk Line out of the East Coast ports of New York, Baltimore, Hampton Roads, Charleston and Savannah. The arrangement takes effect on Jan. 1.
