No matter what former New Jersey Congressman Scott Garrett says about the U.S. Export-Import Bank during his nomination hearing before the Senate Banking Committee today, many U.S. manufacturers and exporters aren’t buying it.
In addition to a fuel cost increase, a more negative reading in transportation consultancy FTR’s shipping conditions index was impacted by increased logistic costs that are expected to persist well into next year.
The Hong Kong-based containership leasing giant has also appointed Bing Chen to serve as its next chief executive officer, effective January 2018, following the retirement of co-founder and longtime CEO Gerry Wang.
The South Carolina Ports Authority (SCPA) has branded their internal supply chain solutions service as Supply chain Authority, SCPA announced on Tuesday.
Jack Hellmann, chairman, president and CEO of short-line and regional railroad operator Genesee & Wyoming, said the company is continuing to evaluate various acquisition and investment opportunities across its global footprint of railroads.
Japanese shipping conglomerate Nippon Yusen Kaisha (NYK) will take over the remaining 40.4 percent stake in its majority-owned freight forwarding subsidiary, Yusen Logistics, by March 2018, the two companies announced on Tuesday.
Seaspan names new chief executive officer; Wen-Parker Logistics appoints key account manager and director of finance; and ContainerPort Group President passes away.
Preliminary determination regarding carbon and allow steel wire rod The Department of Commerce preliminarily determines that carbon and alloy steel wire rod from Italy, Spain, South Korea, South Africa, U.K., Turkey, and Ukraine is being, or is likely to be, sold in the United States at less than fair value. Preliminary determination regarding biodiesel The […]
The U.S. Army Corps of Engineers has awarded a second $213 million contract to Great Lakes Dredge and Dock Co. to carry out the remaining dredging of Charleston Harbor’s entrance channel to 54 feet, allowing it to handle larger containerships.
In addition to continued growth in gross domestic product (GDP), new orders for manufactured durable goods rose $5.1 billion to $238.7 billion last month, according to data from the U.S. Bureau of Economic Analysis and Census Bureau.
In other news, China COSCO Shipping’s tanker unit, COSCO Shipping Energy Transportation, will order 14 tankers, according to a report from maritime news outlet Splash 24/7.
Phase II of the $35 million South Terminal Modernization project, construction of which is slated to begin in April 2018, will upgrade the facility’s dock structure and electrical system, the Pacific Northwest port said in a statement.
The technology startup provides application program interfaces (APIs) across parcel carriers to allow small businesses to quote shipping costs more accurately for domestic and international orders.
The containership owner posted operating revenues of $113.6 million for the third quarter of 2017, a 1.6 percent increase compared to $111.8 million for the three months ended Sept. 30, 2016, according to the company’s most recent financial statements.
According to Unishippers President Steve Leavitt, now is the time to tailor shipping processes to handle increased shipping volume and potentially longer transit times during the upcoming peak holiday shipping season.
U.S. Secretary of Transportation Elaine L. Chao confirmed that the port will receive one of the 10 FASTLANE small project grants for 2017, which the port will use for barge, rail and truck infrastructure upgrades.
The United States was the top country for acquisitions with a combined value of $129.4 billion in inbound and outbound deals, but the Middle East saw deal values spike 517 percent, according to the latest report from global law firm Baker McKenzie.
The $10 million gateway facility at O’Hare Northeast Cargo Center joins DHL’s two other Chicago facilities as the German forwarder expands its operations in the U.S. Midwest.
NYK Line and “K” Line got back into the black during the six months ended Sept. 30 after posting losses in the same 2016 period, while MOL’s earnings took a hit despite all three recording year-over-year increases in revenues.
Between Amazon’s rapid growth and unpredictability, third-party logistics providers say it is definitely a looming concern as to whether the e-commerce giant will be a threat to their business in the future.
