French liner carrier CMA CGM said it will launch a second service between the United States and Australia/New Zealand. The so-called PAD 2 service will start March 4 and complement the existing fortnightly PAD 1 service. The carrier said the new string will allow it to offer weekly service between Australia and […]
A chemical tanker collided with COSCO’s containership Fei He on Jan. 29 while arriving in Singapore from Tanjung Pelepas. COSCO said the ship sustained damage to the portside hull, resulting in some spillage of bunker fuel. The vessel crew immediately reported the incident to Singapore’s Maritime and Port Authority (MPA). “With […]
The Class I railroad Norfolk Southern has opened a new “thoroughbred bulk transfer” terminal in Chesapeake, Va. TBT terminals are specialized facilities that allow shippers to transfer a large array of commodities between railcars and trucks. These facilities are owned by Norfolk Southern and are operated by independent contractors. The Chesapeake terminal is […]
Kuehne + Nagel has extended its logistics provider partnership with SAS Scandinavian Airlines (SAS Technical Operation) for another three years. K+N’s Copenhagen airport office provides door-to-door logistics services to the carrier and handles a range of aircraft parts, from engines to small cockpit window bolts. “A smooth and innovative supply chain is […]
Third-party logistics services provider Kane Is Able will add a distribution center in the Detroit area this month. The company will move into a 60,000-square-foot facility in Brownstown, Mich., located 21 miles south of downtown Detroit. The operation will provide cross dock, distribution, and transportation services, and have about 60 employees. This […]
Japan’s three large shipping companies on Friday reported their results for the nine month period which ended Dec. 31, 2013. All had increased revenues, but the profit picture was mixed. The three companies — NYK, MOL and “K” Line — all have fiscal years that run from April 1 until March 31. The […]
Panalpina did not disclose the identity of the company, but said it is now managing the assembly of semi-knocked down units for base stations at cell phone towers.
The Port Authority of New York and New Jersey confirmed a report that it is “considering all options for the future of ExpressRail, including its future privatization.” ExpressRail is the port’s on-dock rail facility.
AutoInfo, Inc., the parent company of Sunteck Transport Group and E-Transport Group, will become Sunteck, effective May 1. As part of the re-branding initiative, the capacity division, which includes several motor carriers, E-Transport Group, E-Transport Carriers, Railport Services, Peer Transport Group and Truck Logistics Services, will adopt the Sunteck “big red S” logo […]
A little more than two years after Maersk Line Ltd. and Rickmers-Linie (America) Inc. formed a joint venture to provide breakbulk and project cargo shipping with two U.S.-flag, multi-purpose ships, one of those vessels will “flag out.” The Maersk Texas will be transferred to the Marshall Islands, while the Maersk Illinois will continue […]
C.H. Robinson has opened an office in Innsbruck, Austria. The new office will help the company expand its European road transport services. Chucko Beslic, a nine-year transportation industry veteran, will head the new office. C.H. Robinson has built a European network that now includes 53 offices with more than 1,000 employees. The […]
The trade association warned, if left unchanged, the Renewable Fuel Standard volume requirements would “significantly damage the nation’s growing biodiesel industry and adversely impact soybean growers.”
The Federal Emergency Management Agency last August turned down a request by police in Newport News, Va., to fund a blimp to keep watch on the Port of Hampton Roads. The website Muckrock has posted documents related to the department’s request for $240,000 to purchase a “tethered aerial surveillance balloon system.”
The trade data firm Panjiva said a survey of 100 of its users found about two thirds of them optimistic or very optimistic about the economic outlook in 2014.
U.S. steel imports fell by 3.5 percent in December 2013 compared to the previous month based on a preliminary review of government data by the American Institute for International Steel. “Weak market conditions during the prior two-to-four month period, when imports would normally have been ordered, as well as trade cases, curtailed arrivals […]
A new container terminal capable of handling 800,000 containers annually was dedicated at the Port of Mariel on Monday. Both Raul Castro, president of Cuba, and Dilma Rousseff, the president of Brazil, were on hand this week for a ribbon cutting. The BBC said the first phase of the project “was financed […]
It will pay $86.9 million for each ship for a total of $434.5 million. They are to be delivered in 2016 and 2017. COSCO also noted that on Dec. 30, it ordered four 64,000-dwt bulk carriers for $27 million each.
The Baltimore Sun has reported that a federal arbitrator ordered a local of the International Longshoremen’s Association to pay about $3.8 million in damages after a three-day strike in October led to lost revenue at the port of Baltimore. Riker “Rocky” McKenzie, president of ILA Local 333, told the newspaper that the union […]
Hub Group said it had a profit of $69.1 million in 2013, compared to $68 million in 2012. Revenue was $3.4 billion in 2013, compared to $3.1 billion in 2012. In the fourth quarter of 2013, profit was $16.5 million, compared to $18.8 million in the fourth quarter of 2012. Revenue for the […]
Matson said it has issued $100 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on Nov. 6, 2013. It said proceeds will be used for general corporate purposes.
