Horizon Lines said Wednesday it has closed on a bridge loan facility of up to $25 million from a group on noteholders and reached an agreement with its existing bank group to amend its current credit facility to accommodate the bridge loan. It also said it has made a $7 million payment to […]
Maersk Line will in October switch its TA2 service calls at the Port of New York-New Jersey from the APM Terminals facility to the Maher Terminals facility, the line said this week. APMT is Maersk Line’s sister company. The switch will occur Oct. 9. The TA2 has a rotation of Rotterdam, Felixstowe, […]
Mediterranean Shipping Co. said Wednesday it has suspended its planned peak season surcharge from the Far East to eastern Mediterranean and Black Sea ports. The line had originally planned a fee, $225 per TEU, from Sept. 5, but delayed it until Sept. 15. Now the line is abandoning it altogether. Liner […]
UPS Wednesday said it will launch on Oct. 3 a new product called UPS My Choice, which is designed to make it easier for receivers of parcels to avoid missed deliveries. The company said out of the 5 million or so homes it visits each day, it leaves 100,000 to 200,000 missed delivery […]
The U.S. Trade and Development Agency signed a grant agreement with the Middle Airports Corp. (MAC) to help expand Chu Lai International Airport, Vietnam’s largest airfield. The grant will fund a feasibility study of the Chu Lai Airport becoming a regional cargo hub, thus helping to increase the operations of U.S. cargo carriers […]
The University of Leicester in the United Kingdom is studying the impact of volcanic ash on jet engines to better advise the airline industry on whether it is safe to fly following an explosive volcanic eruption. The study, led jointly by Hongbiao Dong of the Department of Engineering and Mike Branney of the […]
Cargoitalia, Italy’s all-cargo airline, has appointed Molocon Logistics Consulting, a specialist aviation-marketing consultancy based in Germany, to conduct a full review of its system-wide sales and customer relations functions. “The review is part of a wider reappraisal of the airline’s operations, designed to better position it to respond to recent adverse market,” the […]
Swissport International, a provider of ground services to the aviation sector, has appointed a new management team to run its ground handling operations at Brussels Airport. Marcel Buelens will serve as chief executive officer, and Alex Weidmann as chief operating officer for ground handling operations in Brussels. Swissport Cargo Services will remain under […]
NYK Line North America said it will no longer routinely provide chassis in the Northeast, including in the New York-New Jersey market, effective Nov. 14. NYK said the change would “build efficiencies while minimizing the environmental impact of having a large number of chassis that are used intermittently and have to be stored […]
CSCMP cultivates university-led research to benefit careers of members. By Chris Gillis The Council of Supply Chain Management Professionals has long been a gathering point for serious supply chain managers to network and exchange ideas and best practices, and it’s only natural that more academics and researchers specializing in this field have also gravitated […]
Ex-CBP chiefs: Congress misguided on border security
Southern California’s container ports said volume fell 8 percent in August to 1.26 million TEUs, including a 12.3 percent throughput drop at the Port of Long Beach. Long Beach’s August volume fell to 525,929 TEUs, including a 14.2 percent drop in loaded imports to 267,198 TEUs. Los Angeles’ volume fell 5.3 percent […]
On Second thought… By Beth Peterson Have you ever been sitting in a corporate meeting trying to explain why global trade compliance is important, and all you get back are blank stares? Over the years I’ve come to realize that a company’s lack of understanding of the basics of global trade has absolutely […]
A federal appeals court has ruled the Occupational Safety and Health Administration may regulate so-called “vertical tandem lifts” (VTLs) of containers or flat racks, where more than one container or flat rack is lifted at a time. (National Maritime Safety Association v. Occupational Safety & Health Administration, D.C. Circuit. No. 09-1050. June 17.) […]
New UP facility will bring together bulk agriculture grain, empty containers. By Chris Dupin Union Pacific Railroad will give agriculture exporters another way to tap the plentiful supply of empty containers in Southern California with a facility slated to open late this summer in Yermo, Calif. The new facility will be able to […]
Piracy worldwide costs the international economy $7 billion to $12 billion per year, according to a December study by One Earth Future Foundation, a non-profit organization that seeks to solve global problems through improved governance that incorporates the expertise of the business community and civil organizations. A more recent and robust study by […]
Maersk Line made news in late June when the container line said it will begin assessing a $100-per-container no-show fee on bookings that fail to materialize. Unlike simple no-show penalties of the past, the new initiative is an attempt at quid pro quo. If Maersk has overbooked on a sailing and has to […]
NATO’s bombardment of Libyan government facilities in an effort to drive Col. Muammar Qaddafi from power continues. Libya is a small country and the loss of trade opportunities due to hostilities is having minimal impact on the global economy, although individual companies in Europe and elsewhere are certainly suffering from the loss of […]
Education key to NVO’s plan to complement Obama’s export call. By Chris Dupin If President Obama wants to double exports in the next five years, he could do worse than find more businessmen who think like Daniel L. Gardner. Named chief executive officer of Ocean World Lines (OWL) in January, Gardner notes that […]
For the better part of the past decade transportation management systems (TMS) vendors and consumers have complained about SAP’s ability to “freeze” their market with promises of a new release that never seemed to materialize. In June, SAP, the German business software giant, made good on its promise with the long-awaited release of […]
