What duty does the federal government owe an insurance company that underwrites a surety bond to guarantee the obligations of an importer? That’s the issue at the heart of a case that was remanded to the U.S. Court of International Trade by the U.S. Court of Appeals in Washington to in a 2-1 […]
Analyzing 10 years of profit, revenues reveals major changes among top publicly traded lines. By Eric Johnson The container-shipping industry’s economic roller-coaster ride the past four years has obscured the relative tranquility of the merger and acquisition scene in that time. Since 2005 — when the A.P. Moller – Maersk Group acquired P&O […]
In late August, two influential shipping voices independently conveyed a similar idea to American Shipper: that vessels transiting the widened Panama Canal to serve U.S. East Coast ports would want to avoid transshipment. “If you take your big-ship economics and wipe it out with transshipment you haven’t accomplished anything,” Jim Newsome president and […]
Carriers, and forwarders hope for, but don’t expect a bullish peak season for air cargo. By Eric Johnson Sluggish. Weakened. Lethargic. The words used of late to paint the air freight demand picture from Asia to North America could easily describe the effects of the flu. And air freight could be diagnosed […]
The U.S. Federal Aviation Administration said Sept. 2 it plans to issue a $175,000 civil penalty against the Massachusetts Institute of Technology for alleged violations of Department of Transportation hazardous materials regulations. The FAA claims MIT offered a fiberboard box containing 33 electronic devices to FedEx Express for transportation by air from Cambridge, […]
European logistics giant expands in the Americas, Asia. By Chris Dupin European logistics giant Geodis Group has been expanding in the United States and elsewhere in the Americas through acquisitions and organic growth. In June, Geodis Wilson, its freight management unit, acquired Minneapolis-based One Source Logistics and announced plans to double its freight […]
Third-party logistics services provider Century Distribution Systems has recently started a non-vessel-operating common carrier service to serve shippers in the U.S. trades. Century Express, the U.S. licensed ocean transportation intermediary, is an outgrowth of the company’s NVO division Century Shipping, which was started in 2005. Century Shipping has operated in several trade lanes, […]
By Publisher Jim Blaeser More than 30 years ago FedEx founder and Chief Executive Officer Fred Smith famously said, “the information about the package is just as important as the package itself.” Today FedEx alone handles millions of packages per day, each of them generating hundreds of pieces of data as the shipments […]
USA Bouquet has logistics ‘down cold’ for moving blooms from grower to U.S. retailer. By Chris Dupin The flexibility to source flowers globally and a cold supply chain to keep them in top condition until they can be delivered to stores around the country have helped USA Bouquet Co. blossom. Ricardo Nieto, director […]
Automated freight payment pioneer starts new venture to further refine process. By Chris Gillis With today’s available automation, it would appear that paying the right carrier the right amount at the right time should be a straightforward process for shippers, but that’s still far from reality. “Unfortunately, transportation payments are very complicated when […]
Grand Alliance carriers are set to drop two transpacific services at the end of October in line with a number of other carriers trimming services from the summer onward.
ICS Chairman has made another call for stronger action against pirates, stating “The world community cannot tolerate the abuse and the killing of seafarers.”
UPS will offer its air freight customers the same capability now enjoyed by small package shippers to electronically clear customs in more than 90 countries.
Inland Salvage said it recently completed the removal of about 1,000 tons of structural scrap steel from a sunken hopper barge. The 195-foot barge, which was also removed by Inland Salvage, had been obstructing a loading dock on the Mississippi River near LaPlace, La. A dive survey was conducted and the barge […]
Low price strategy
The Organization for Economic Cooperation and Development (OECD) said Monday that composite leading indicators (CLIs) for August, designed to anticipate turning points in economic activity relative to trends, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies. The CLI for the OECD area fell half […]
Kuehne + Nagel has entered an agreement to acquire Carl Drude, located in Hauneck/Bad Hersfeld, Germany. The Swiss logistics company noted the firm is located is in central Germany and said the purchase is in line with its strategy to further expand its European overland network and to establish a European hub-and-spoke system. […]
APM Terminals has been awarded a concession to manage the Skandia Container Terminal in Gothenburg, Sweden for the next 25 years. APM will invest more than $115 million in the first five years of operation to make the port more competitive as a freight hub for the Nordic markets. Most of the investment […]
