Approaching two years as chief executive officer of Hapag-Lloyd, Rolf Habben Jansen has expressed satisfaction with the German carrier’s 2015 results and sees some encouraging signs on the horizon. Last year swung to a net profit of 114 million euros ($127.5 million) from a loss of 604 million euros ($675.6 million) in 2014. He attributed the […]
Ocean carriers would seem to hold all the cards in contract rate negotiations as controllers of much needed and often tight capacity in an industry with antitrust exemption. Now, after several years in a buyer’s market with no end in sight, the reality is somewhat different. Shippers have the leverage to secure container capacity at reasonable […]
Abandoned cargo can be a problem for carriers, intermediaries, and other businesses. Two lawsuits from last year revolving around abandoned containers filledwith used tires were discussed by Vincent M. DeOrchis, a partner at the New York office of Montgomery McCracken, in an article on his law firm’s website. In the first,(Mediterranean Shipping Co. v. Best […]
Mega-retailers and manufacturers today realize the value of having top-notch supply chain management executives within their ranks as important problem-solvers and facilitators to improve bottom lines. In recent years, many large corporations have even made space in their “C” suites for leading supply chain officers to be a part of their strategic decision-making teams. The […]
Lawsuits involving supply chain executives have become increasingly frequent, including Amazon suing Arthur Valdez, who left to work as Target’s chief supply chain and logistics officer, and an XPO Logistics suit against LTL rival YRC Freight.
Overall revenues for NYK, MOL and “K” Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
Legislation introduced into the California State Senate by Sen. Ricardo Lara would provide an exemption from sales and use tax for terminal operators purchasing zero or “near zero-emission” equipment.
Recovery of the ill-fated TOTE Maritime general cargo ship’s voyage data recorder under 15,000 feet of water presents a “formidable challenge,” but National Transportation Safety Board investigators hope to complete the mission in the next several months.
Gary LaGrange, president and chief executive officer at the Port of New Orleans, announced plans to retire in April 2017, at the time his current contract expires.
A new report from the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration revealed fatal crashes involving large trucks fell 3.7 percent year-over-year in 2014.
Freight brokerage and third-party services provider Echo Global Logistics reported non-GAAP diluted earnings per share of $0.24 on revenues of $405.3 million for the quarter, in-line with consensus analyst expectations.
Truckload pricing dipped 0.6 percent in March 2016 compared to the same 2015 period, the first negative pricing change in nearly six years, according to the latest Cass Truckload Linehaul Index.
A total of 1.7 million square feet of warehousing has recently been completed in Savannah, Ga., while over 1.9 million square feet is under construction and a 2,700-acre development was just unveiled.
Rates fell another 3 percent for the month compared to March of last year, the 15th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to continue through the rest of 2016.
COSCO Pacific Ltd. re-designates executive director and vice chairman, while “K” Line nominates managing executive director, outside directors, and supervisory board members
The April 27 AS Daily news report included a mistake in the name of Ryder’s TranSync product.
The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency’s investigation into why the TOTE Maritime general cargo vessel sank last fall, claiming the lives of 33 crew members on board.
Meanwhile, the ocean carrier alliance members reconfirmed their current cooperation scheme on east-west trades until the end of March 2017.
The canal authority will conduct a lottery on Friday to select which of its top 15 customers will be in the spotlight with the historic first passage through the Central American waterway’s new, expanded locks.
