The news in early April that freight payment and audit services provider Trendset was beset by internal embezzlement and fraud has struck a nerve among shippers on how best to securely manage their transportation freight bills. “The circumstances warrant a re-examination of the kinds of protections and safeguards shippers should expect when contracting […]
The U.S. Commerce Department has selected 20 companies to join its deputy secretary, Rebecca Blank, on an infrastructure business development trade mission to Sao Paulo, Brazil; Bogota, Colombia; and Panama City, Panama, from May 12-18. “The governments of these countries have each outlined ambitious infrastructure development plans for the years ahead, and this […]
Bowhead Transport Co. and Crowley Marine Services said they will set up a joint venture to provide marine services in Alaska’s Arctic. The entity will operate as UIC Bowhead-Crowley. Bowhead Transport is a subsidiary of Ukpeaġvik Iñupiat Corp. (UIC), based in Barrow, Alaska. Both companies have long histories of providing services in […]
VTG Aktiengesellschaft, a European railcar and logistics services provider, and Kuehne + Nagel, a large logistics firm, are planning to merge parts of their rail logistics activities. Both parties entered a letter of intent this week. “This merger represents an expansion of the long-term partnership that has existed between VTG and Kuehne + Nagel within the scope of their […]
Paul Fisher, president and chief executive officer of industrial real estate developer CenterPoint Properties Trust, announced his retirement. Fisher was one of the founders of the company in 1993, serving as chief financial officer prior to being named president in 2004. In 2006, the then publicly listed CenterPoint was privatized, with Fisher continuing […]
The U.S. Coast Guard said Thursday morning that the Port of Mobile was open following an explosion Wednesday evening aboard a gasoline barge owned by Kirby Inland Marine. The agency said it received the initial notification at 8:40 p.m. that there was a barge explosion between the George Wallace Tunnel and Bankhead Tunnel in […]
Maersk Line will discontinue its participation in two direct services, its West Med and Med Gulf strings, later this spring in favor of a feeder network to serve Mediterranean ports in Italy, France, and Spain. Moshe Loberant, the trade manager for Maersk’s services between North America and the Black Sea and Mediterranean, said the […]
Steel imports fell again in March by 1.3 percent compared to February, based on preliminary U.S. government reporting analyzed by the American Institute for International Steel (AIIS). “After months of declines in arrivals in response to weak economic conditions and steel demand, the only good news in the latest report is that the […]
Hong Kong’s Labor Secretary, Matthew Cheung, met with striking dock workers on Monday and urged them to return to the negotiating table. The workers are employed by subcontractors at Hong Kong International Terminal (HIT).
“The lack of investigation and accident reports hinders the development of appropriate measures by IMO to address the cause of serious incidents in which seafarers may have lost their lives.” said ITF Acting General Secretary Stephen Cotton.
“Where the cargo to fill the extra capacity is going to come from has not yet been defined,” the London-based firm said, adding it appeared carriers expect to entice some cargo now moving through North America’s west coast ports.
While the new containerships will result in a big infusion of capacity in the Asia-Europe trade, “we will put them in over a prolonged period and we will take out a number of vessels in other categories,” Maersk CEO Nils Andersen said.
A report released this month estimates the cost of Somalia Piracy was around $5.7 billion-$6.1 billion in 2012, despite notable gains achieved by private armed security guards and aggressive naval activity.
Pennsylvania Gov. Tom Corbett visited the Philadelphia Regional Port Authority’s Packer Avenue Marine Terminal Thursday to welcome Horizon Lines to the Port of Philadelphia. PA Governor Tom Corbett welcomes Horizon Lines to the Port of Philadelphia. The company began offering weekly service between Philadelphia and Puerto Rico on April 11. Corbett estimated […]
Home furnishings retailer IKEA this week switched on a large solar energy system installed at its distribution center in Perryville, Md. The 768,972-square-foot photovoltaic (PV) array consists of a 2,674.9-kilowatt system, built with 18,576 panels, and is the state’s largest rooftop array. The IKEA distribution center will produce about 3,397,178 kilowatt-hours of electricity annually, the […]
Retail giant Walmart said it plans to procure about 7 billion kilowatts of electricity from renewable sources, such as solar and wind power, or 600 percent over its current use of these energy types by Dec. 31, 2020, according to an announcement made this week by Mike Duke, the company’s president and chief executive officer. […]
The U.S. Export-Import Bank renewed a 90-percent guarantee of a $100 million supply-chain facility for Citibank to purchase invoices that are generated via the sales of goods and services by eligible U.S. suppliers to agriculture and construction equipment manufacturer CNH America (CNH). The authorization, which is Ex-Im’s second renewal of the facility, will […]
Metairie, La.-based Tuleu Consulting Co. (TCC) has been awarded a contract by the government of Chad to sell 500 John Deere agricultural tractors to the African country’s “Programme National de Sécurité Alimentaire” (PNSA or National Food Security Program). The sale represents a $22.5 million deal for TCC, $11.5 million of which is U.S. […]
“Some other lines have chosen to respond to lower demand levels by lowering prices. Such a move risks resulting in a fully-fledged price war: a development that concerns us,” said Vincent Clerc, Maerk’s chief trade and marketing officer.
The approval, which came eight days after ILA members voted to ratify the contract, was made by representatives from 43 container carriers, terminal operators and port associations, who met in Newark, N.J., on Wednesday.
