In preliminary fiscal year 2011 figures, the U.S. Export-Import Bank exceeded $32 billion in export financing, supporting about $40.6 billion in exports at more than 3,600 U.S. companies.
Freight forwarder Consolidators International (CII) has opened a new facility in the Chicago suburb of Wood Dale. The facility is located near O’Hare airport, and is convenient to Chicago’s trucking network and rail depots. It will act as a key distribution and processing center for shippers throughout the upper Midwest for their air […]
Toll Global Forwarding has appointed Gerd-Wolfgang Kux as regional director of marketing and sales for its Europe-Middle East region. Based in Zurich, he takes up his position on Jan. 1. Kux, 38-year forwarding veteran, previously held senior management positions at Kuehne + Nagel, Hellmann Worldwide, Calberson, TNT and Panalpina. At Toll, […]
A report in the Thursday Atlanta Journal-Constitution said the governors of Georgia and South Carolina “appear to have calmed an interstate rivalry over dredging the Port of Savannah.” Last month the South Carolina Department of Health and Environmental Control said it planned to deny a permit to the Army Corps of Engineers to […]
Washington Notebook By Eric Kulisch The U.S. Congress will eventually be forced to follow the European model and raise highway fuel taxes to tackle the debt rather than dedicating revenue to transportation programs, Noël Perry, an economist who focuses on the freight sector, said during an industry conference this month. Transportation advocates have […]
The FMC has published a proposed rulemaking to amend its rules to provide certainty and flexibility for long-term contracts that adjust based on a freight rate index.
Erxin Yao, president of OOCL (USA), says the shipping industry must pay more attention to pricing services profitably and fostering innovation rather than trying to hold onto market share.
Big step for U.S. trade
GT Nexus has launched “G2,” a social networking tool. As an example, information technology applications developer said members of its GT Nexus Shipper Council – a group of shippers – are using G2 to collaborate on key initiatives. “The shipper council has become a very active group,” said Patrick Halloran, director of […]
Panalpina has opened a branch office in Ludhiana in northwestern India. It’s the second India office the Swiss freight forwarder has launched recently, with a new office in Jaipur opening two weeks ago. “Ludhiana in north India is home to thousands of large and medium-sized companies and is one of India’s fastest […]
NDO America has leased 26,853 square feet of industrial space in Rancho Dominguez, Calif., for its new headquarters. Following building improvements, NDO plans to move to the location on Dec. 1. About 30 people will be employed at the site. Freight forwarder NDO America is part of the Norbert Dentressangle Group.
September volume at Los Angeles fell by 0.8 percent compared to the same month in 2010, due entirely to a massive 21.4 percent drop in empty containers.
Productive discussions
The Westbound Transpacific Stabilization Agreement (WTSA) said its members intend to implement guidelines to increase freight rates for U.S.-to-Asia cargo, effective Nov. 1.
The A.P. Moller-Maersk Group said Wednesday it has agreed to sell its liquefied natural gas business to Teekay LNG Operating LLC and Marubeni Corp. for $1.4 billion.
Government officials in New Zealand said a containership that ran aground last Wednesday on Astrolabe Reef near Tauranga Harbor is leaking oil, losing containers, and has developed a crack.
Container shipping companies have ordered ships with about 2.4 million TEUs of capacity for $27 billion since September 2008, compared to 2.1 million TEUs of capacity for $30 billion before the financial crisis, said shipping research firm Alphaliner in its latest newsletter. Many vessels ordered before the financial crisis hit are still being […]
Maersk Line, Hamburg Süd, and MOL in September retained their positions as the three lines with the highest on-time performance in the liner industry, according to the latest figures from maritime analyst SeaIntel. Maersk’s on-time performance rose from 74 percent in August to 85 percent in September, while Hamburg Süd’s on-time percentage dropped […]
An India-Europe loop jointly operated by Mediterranean Shipping Co. and CSAV has undergone a rotation change from this week, CSAV said in an advisory. The service, called IPAK by MSC and IMEX by CSAV, will drop calls in Bremerhaven and add calls in Rotterdam, leaving a revised rotation of Rotterdam, Antwerp, Felixstowe, Jeddah, […]
China Shipping has dropped off a service it jointly operated with TS Lines between China and the Middle East, according to American Shipper affiliate ComPair Data. The service, operated with six ships (five from TS Lines and one from China Shipping), has also undergone rotation changes that will see calls in Nhava Sheva […]
