The boards of third party logistics providers Coyote Logistics of Chicago and Access America Transport in Chattanooga, Tenn., have approved a merger agreement. Terms of the deal were not disclosed. Started in 2002, AAT provides multimodal transportation services, including truckload, less-than-truckload, intermodal, flatbed and specialized freight for shippers and carriers across the […]
The U.S. Export-Import Bank has entered a cross-marketing partnership with the Finance, Credit and International Business Association, a division of the National Association of Credit Management, which represents thousands of credit and finance professionals. The bank and FCIB signed a memorandum of understanding that conveys their mutual interest in providing information to business […]
Kirby Corp. said Monday that it has signed an agreement to order an additional 29 new inland tank barges with 30,000-barrel capacity this year. Joe Pyne, Kirby’s chairman and chief executive officer, said the additional barges “will help to meet the additional volume requirements driven by strong and expanding movements of crude oil […]
Wallenius Wilhelmsen Logistics and “K” Line said Tuesday that they had received final cease-and-desist orders from the Japanese Fair Trade Commission along with surcharge orders.
Distribution center operator St. George Warehouse has opened a new 160,000-square-foot facility within minutes of the Port of Savannah’s Garden City Terminal and close to Interstate 95. Company officials said the facility, which includes 28 truck bays, will primarily be used as a cross-dock operation, with large capacity storage for mid-sized and large […]
FMC reviews 30 OTI license applications
The U.S. Federal Maritime Commission has received 30 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Air & Surface Systems, Irvine, Calif. (Paige Cotcamp, president); Azend International, Los Angeles (Adolfo Zendejas Jr., president); DFS Ocean Services, Annapolis, Md. (Gregory McCloskey, vice president); Meridian Freight, […]
A team of Navy SEALs boarded and took command of the commercial tanker Morning Glory in the Mediterranean Sea, southeast of Cyprus, on Sunday evening, according to the U.S. Department of Defense. The Pentagon said U.S. military seized the ship at the request of Libyan and Cypriot governments, and said the ship was […]
A two-and-a-half-week truckers’ strike at the Port of Vancouver, B.C., seemed unlikely to end Monday despite requests by port and terminal officials to return to work, and the port’s largest terminal said it will declare force majeure — “inability to serve” — to its shipping line customers. Robin Silvester, president and chief executive […]
A news report on Friday erred on the Port of Cleveland’s stance on open lake dredge disposal. The Port of Cleveland did not approve a measure to immediately proceed with maintenance dredging. Instead, it passed a resolution urging the Army Corps of Engineers to commence with dredging immediately. The Corps owns this responsibility, […]
The Shanghai Containerized Freight Index rose on Friday, reflecting a general rate increase suggested by the Transpacific Stabilization Agreement for March 15. TSA is recommending another increase May 1 for its 15 members.
The Port of Cleveland approved a measure during its board meeting Thursday to immediately proceed with maintenance dredging in the Cuyahoga River and Cleveland Harbor before the start of the 2014 shipping season this spring. The port authority also sought to dispose of dredged material in the river and harbor into Lake Erie […]
Hope for the best, prepare for the worst. That’s the kind of advice shippers are getting about the West Coast longshore labor situation, and it was mirrored in two notes sent to toy companies this month.
The WorldWide Alliance, a network of neutral non-vessel-operating common carriers, has expanded its less-than-containerload services by adding nine countries to its global coverage. Central America will benefit the most from this development, with alliance member Panama Consolidation Services spreading from its original territory in Panama by adding new offices in Guatemala, Honduras, Nicaragua, […]
As the wars in Iraq and Afghanistan have been winding down over the past several years, U.S.-flag carriers have had to increasingly diversify their cargo base toward other U.S.-flag preference cargoes and commercial shipments. One of the most important cargo segments has been U.S. Export-Import Bank financed cargoes. President Obama’s National Export Initiative […]
Bloom INTTRA, a multi-carrier e-commerce network for ocean shipping, said Ken Bloom, its long-time chief executive officer, will step down from his job this year upon completion of a process to choose his successor. The company said during the transition, Bloom will continue as CEO to lead INTTRA’s current strategic initiatives, which include […]
Allianz Global Corporate & Specialty reported a decline in shipping losses for 2013, with just 94 losses of ships of more than 100 gross tons worldwide, compared to 117 in 2012, with Asia seeing the highest number of total losses.
As the the second anniversary of the U.S.-Republic of Korea Free Trade Agreement (KORUS) nears, exports of U.S. manufactured goods to Korea have increased, and Koreans are buying more U.S. services than ever before, the White House said. KORUS, the White House said, has also improved South Korea’s investment environment through tougher provisions […]
COSCO Pacific said that through a strategic partnership with Hutchison Port Holdings Trust, it is acquiring a 40 percent interest in Asia Container Terminal Holdings (ACT) for $212.65 million. ACT operates Terminal 8 west at Kwai Chung in Hong Kong, adjacent to Terminal 8 east, the COSCO–HIT Terminal, another terminal that COSCO Pacific […]
Crowley said its Carib Energy subsidiary has been awarded a multi-year contract to supply containerized, U.S.-sourced liquefied natural gas (LNG) to its first industrial customer, Coca-Cola Puerto Rico Bottlers in Cayey, Puerto Rico, and its a sister company, the rum distillery Club Caribe in Cidra, Puerto Rico. Carib will supply and transport LNG […]
