Union Pacific has appointed Kate Betsworth to vice president of intermodal operations. She will direct the railroad’s intermodal facilities and network operations. UP operates 34 intermodal facilities across its 32,000-mile network. Betsworth has more than 18 years of experience at UP and most recently served as assistant vice president and general manager […]
The transportation and logistics firm Pacer International said it had a profit of $2.2 million in the fourth quarter ending Dec. 31, compared to $1.1 million in the same 2011 period. Revenue in the fourth quarter was $351.9 million, down from $358 million a year earlier. Intermodal revenues in the quarter were $296.9 […]
The Port of Philadelphia said it handled 4,418,674 metric tons of cargo last year, 10.4 percent more than in 2011. “While the national and world economy still challenges our efforts in many ways, our most recent annual cargo statistics again demonstrate that the Port of Philadelphia is on the right track,” said James […]
Maersk Line will stop routing ships from East Asia to the U.S. East Coast ports of Savannah, Charleston and Miami through the Panama Canal in April, instead sending them through the Suez Canal. The company’s current Asia-East Coast TP7 string, which today uses the Panama Canal, will be combined with a Suez-routed Asia-Europe […]
Wilhelmsen Technical Solutions (WTS) has set up a new office in Houston in response to increased client demand for its newbuilding and aftermarket products and services. WTS is targeting increased business from the local offshore industry in the Gulf of Mexico and an expanded focus on Brazil, where deep-water offshore production is entering […]
“The United States calls on Russia to restore market access for U.S. meat and meat products immediately and to abide by its obligations as a member of the World Trade Organization,” U.S. trade officials responded.
The U.S. Export-Import Bank and ICICI Bank of India entered a memorandum of understanding pledging cooperation on financing projects beneficial to both India and the United States. Up to $500 million in new transactions could be financed as a result of the initiative. ICICI Bank is India’s largest private sector bank and […]
The service allows booked vessels to arrive much closer to their scheduled transit times, instead of arriving earlier and having to remain for several hours at anchor before actually beginning their transits.
The union said its Wage Scale Committee, a group of about 200 delegates, will meet in Tampa, Fla., on March 12-14. The committee is the group that decides whether or not to recommend to union members to approve the union’s master contract with employers.
The U.S. shippers’ group said its proposal, submitted in 2011 to increase rail competition, “represents one of the best efforts to achieve rail regulatory reform since the passage of the Staggers Act over 30 years ago.”
The U.S. Federal Maritime Commission will consider changes that would allow foreign non-vessel-operating common carriers to use Negotiated Rate Arrangements (NRAs) during a meeting on Wednesday. In December, the commission directed its staff “to prepare a proposed rule incorporating a foreign NVOCC registration requirement and service requirements in a draft advanced notice of proposed rulemaking.” […]
The Commerce Department on Friday reported that U.S. exports of goods and services reached a record $2.2 trillion in 2012. Export records were seen across the board, including among capital goods, automotive vehicles, parts, and engines; consumer goods; and travel and tourism, the department said. “The administration’s efforts to promote U.S. exports […]
After nearly two months on a 17-week rotation, the ocean carriers Maersk Line and CMA CGM have increased the speed of their joint weekly TP3/TP9/Columbus pendulum service between Asia and the east and west coasts of North America. Roundtrip voyage time on the loop has decreased from 119 days to 112 days, or 16 […]
The harbor employers said in a statement “the ports of Los Angeles and Long Beach continue to operate normally.” The rejection by union members, however, raises questions about the settlement that ended a strike that shut down the ports of Los Angeles and Long Beach last fall.
Higher cargo volumes to Guam helped Matson report higher profits in the fourth quarter and for all of 2012. Horizon Lines, Matson’s main competitor in the U.S. mainland-to-Hawaii trade lane stopped serving Guam in late 2011 when it discontinued its U.S. West Coast-Guam-China service. Matson said it carried 25,500 containers between the U.S. […]
International Shipholding Group said it had a profit of $11.5 million in the fourth quarter ending Dec. 31, compared to $1.8 million in the same 2011 period. Operating income for the quarter was $10.1 million versus $5.4 million a year earlier. Revenue was $56.8 million in the fourth quarter compared to $61.8 million. […]
The U.S. Justice Department said Ashu Bhandari, former president and chief executive officer of U.S. Virgin Islands-based GEM Manufacturing, was sentenced Thursday in federal court in St. Thomas for felony customs violations for his role in a scheme to illegally import protected black coral into the United States. Bhandari is the last defendant […]
Members of the International Longshore and Warehouse Union’s Local 63 Office Clerical Unit rejected some of the proposed contracts that were reached with employers last December during ratification voting on Wednesday night.
“While carriers deserve some plaudits for their improving reliability, a worrying trend for cancelled or blank voyages is emerging as carriers attempt to redress weak supply and demand fundamentals,” said Simon Heaney of Drewry.
Liner carrier MOL said Thursday it will offer a new China–Middle East Express (CMX) service by joining an existing service operated by APL. The service will operate with six vessels and MOL will provide one post-Panamax ship, the MOL Tyne. MOL said joining the service will allow it to “enrich service coverage as […]
