The U.S. Commerce Department said total exports of goods and services in May “dropped slightly” to $187.1 billion, from $187.6 billion in April. The department noted, however, that total services and automotive exports hit “record levels” in May, while total services exports were led by increases in travel, passenger fares, and other private […]
U.S. steel exports increased in May over April by 11.6 percent, according to government data analyzed by the American Institute for International Steel (AIIS). “Exports of American made steel increased in May primarily due to improved shipments to our NAFTA partners and other countries in the Western Hemisphere,” said David Phelps, AIIS president, […]
An Israeli newspaper reported there are plans to build new terminals in both Haifa and Ashdod and they “will mark a major step forward in efforts to break powerful public sector monopolies and the unions that dominate them.”
Prior to his confirmation, he served as the mayor of Charlotte from 2009 to 2013. During that time, he is credited with making transportation investments the centerpiece of Charlotte’s job creation and economic recovery efforts.
MOL said it is continuing to tow the fore portion of the containership MOL Comfort to a port where containers can be salvaged. The company said tow wires became disconnected on July 1, but “recovery work was completed and we have resumed towing operation.” The ship’s hull fractured on June 17 and […]
The third party logistics services provider has expanded its Asia-Pacific operations to include domestic rail freight services in China, and plans to offer intercontinental intermodal service between China and Europe.
Rickmers Group said it has signed a contract for the purchase of five 2,200-TEU container vessels for more than $30 million, increasing its fleet of owned or managed ships to 97. The company said it “regards this particular vessel size as one of the few market segments with positive short-term upside potential for […]
A group of nine manufacturers of oil and gas drilling pipe have filed petitions with the U.S. Commerce Department and International Trade Commission requesting antidumping relief from imports of similar products from India, the Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, the Ukraine and Vietnam. The petitioners also seek countervailing duties on […]
A combination of new grade separations, such as road or rail overpasses or underpasses, and highway-rail grade crossing closures and enhancements, will allow trains on the Piedmont Corridor to travel faster and more reliably.
The U.S. Export-Import Bank has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to Ethiopian Airlines. Ex-Im Bank Chairman Fred P. Hochberg announced the transaction July 1 in Addis Ababa. Hochberg is in Ethiopia conducting meetings with government and business leaders as part […]
A brief announcement said Li Yunpeng has been named director of the board and the president of COSCO Group and Wei Jiafu has retired and no longer holds any position in the company. Wei, 63, became president of COSCO in 2000.
The 15 container shipping lines that belong to the Transpacific Stabilization Agreement (TSA) on Monday announced a “guideline” peak season surcharge of $400 per 40-foot container from Asia to all U.S. destinations, effective Aug. 1. They also indicated recommendations for further rate increases may be forthcoming. The carriers announced the peak season surcharge […]
Harrington MOL (America) Inc. has appointed Tim Harrington to vice president of Canada and head of MOL (Canada). Harrington will be responsible for sales, customer service, and operations to serve the Canadian market. He will be located in Toronto, and report to Richard Craig, senior vice president of operations for MOL (America). Harrington […]
TOTE Logistics, a subsidiary of Saltchuk, has appointed Linda Leary to vice president of commercial development of TOTE Logistics, Carlile’s parent company. Based in Anchorage, her new role will be overseeing the sales and marketing department of Carlile, TOTE Logistics, and Spectrum. Carlile, one of Alaska’s largest trucking companies, was acquired by Saltchuk […]
The Japanese liner carrier said Saturday evening that it’s continuing to tow the fore portion of MOL Comfort, which broke in half on June 17 in the Indian Ocean. The aft part of the ship sank with most of its boxes.
CenterPoint Properties has closed the deal on a one-million-square-foot, six-building acquisition in Houston for $42.6 million. The seller, TA Associates, was represented by Trent Agnew and Rusty Tamlyn of HFF. “This transaction proves our commitment to a thriving industrial market that serves our mission of investment in port, rail and intermodal-related facilities,” […]
After declining for more than a year, the Shanghai Containerized Freight Index (SCFI) spiked sharply higher on Friday, apparently in anticipation of general rate increases (GRIs) that carriers have announced for July 1. The SCFI, a weighted index of estimated spot rates from Shanghai to 15 parts of the world as estimated each week […]
Momentum Transportation USA, an independent Landstar agency, has acquired Suncoast Ocean Lines, a freight forwarder and non-vessel-operating common carrier based in North Ft. Myers, Fla. Financial terms of the deal were not disclosed. “The addition of Suncoast to the Momentum team adds to our international capabilities, and specifically increases our capacity to […]
Burkhard Eling has taken over the Finance, Legal, and Tax (FLT) Department at third partly logistics services provider Dachser. He succeeds Dieter Truxius, who will remain a member of the company’s management until he retires at the end of the year. Since June 1, 2012, Eling, has served as deputy head of […]
The drivers’ union employed at less-than-truckload carrier ABF Freight System have voted to approve the national portion of the master freight agreement as well as 21 of the 27 supplements.
