The Port of Houston said Executive Director Len Waterworth has reorganized the agency to “enhance efficiencies, drive higher profitability and ensure greater accountability.” Three deputy executive directors have been named to head the operations, finance and administration, and corporate affair divisions. They are: Roger Guenther, formerly vice president of container terminals, to head […]
Non-vessel-operating common carrier CaroTrans has started four new less-than-containerload services from China to Chile. The Chinese departure cities include Shanghai, Ningbo, Shenzhen, and Hong Kong, with arrivals in Valparaiso, Chile. “Our Chile gateway is positioned to effectively serve regional and global growth. These four new import services are the first stage in […]
“This is a truly historic moment,” said World Trade Organization Director-General Pascal Lamy on Nov. 8. “After so many twists and turns, these complicated and politically contentious disputes can finally be put to bed.”
Samskip Multimodal Container Logistics, Visbeen Transport Group and Post-Kogeko Logistics said this week that refrigerated container provider Coolboxx has become a rental company. Coolboxx will exclusively rent 45-foot reefers to the three partners. The transaction was approved by the partners’ boards. With this change in identity, the partners aim to accelerate reefer volumes […]
R. Keith Michel, chairman of the Herbert Engineering Group of Cos., has been appointed president of the Webb Institute. Michel, an alumnus of the school, will succeed Robert C. Olsen Jr., who will retire after eight year as the school’s president. Michel, who has been serving as chairman of the board at Webb, will […]
Of the supply chain executives surveyed by BDP International, 87 percent indicated their companies are considering or have already begun to move production closer to end markets, sourcing and selling their goods within the same hemisphere.
Total U.S. steel exports in September 2012 were 1.058 million tons compared to 1.172 million tons in August 2012, a 9.7 percent decrease, and a 12.8 percent decrease compared to September 2011, according to the American Institute for International Steel (AIIS). “Exports declined to NAFTA, the rest of the Western Hemisphere, Africa and […]
Hapag-Lloyd had improved results in the third quarter, but the German liner carrier said in the current quarter transport demand is being reduced by the debt crisis in Europe. The carrier said it had an after-tax profit of 45.6 million euros ($57.9 million) in the third quarter, compared to 9.6 million euros for the same […]
The Website for the China Daily newspaper is reporting that COSCO and China Cargo Airlines are planning to sell a combined 30.7 percent stake in Shanghai Eastern Logistics Co., but only to domestic Chinese air carriers.
Chattanooga, Tenn.-based trucking company U.S. Xpress Enterprises will significantly expand its U.S./Mexican cross-border services via two deals. First, U.S. Xpress will purchase a 90-percent interest in Xpress Internacional. With a terminal network in major cities throughout Mexico, Xpress Internacional allows U.S. Xpress to provide a “true door-to-door service between the two countries,” Xpress […]
International Shipholding Corp. said it intends, subject to market conditions, to raise up to $40 million through a stock sale. The company said it would use the proceeds from the offering for general corporate purposes.
As well as exports of general cargo, fish and fresh fruits to the U.K. market, shippers in South Africa benefit from Virgin Atlantic’s connections in London to other export destinations in the United States.
Roadrunner Transportation Systems said Monday that it has acquired A&A Express, a provider primarily of refrigerated truckload services based in Brandon, S.D. Cudahy, Wis.-based Roadrunner is paying about $24 million, plus an earn-out capped at $2.5 million. A&A uses both independent contractors and employee drivers. The acquisition was financed with borrowings under Roadrunner’s […]
Entercoms, a Dallas-based provider of aftermarket supply chain services, today announced its expansion in Europe, naming Gavin Murphy vice president and general manager to lead the operation from its base in Ireland. The new office establishes the first foothold for Entercoms on the continent and will support clients throughout Europe, the Middle East […]
Toll Global Forwarding (TGF) has promoted Geoff Partridge to managing director of its South African operation. He was previously operations director, and replaces Vincent Magnus who is retiring at the end of 2012. Partridge and Magnus were co-founders of the business in 1989, when it was started as Clover Cargo. In 1995, […]
The Port of Houston Authority said its commissioners adopted a voluntary early retirement program for employees at a meeting this week. Full-time, salaried port authority employees at least 55 years of age and with 15 years of service before the end of the year are eligible. The Houston Chronicle also reported on Thursday […]
The American Logistics Aid Network (ALAN) continues to work together with Voluntary Organizations Active in Disaster (VOAD) and emergency management agencies to meet critical needs resulting from last week’s Hurricane Sandy, and said there’s a need for bulk commodities. This week, ALAN helped to streamline relief efforts by sharing information and making connections […]
The U.S. Commerce Department’s Census Bureau and Bureau of Economic Analysis reported Thursday that exports for September rose 3.1 percent to $187 billion and imports increased 1.5 percent to $228.5 billion. Goods exports increased by $5.4 billion to a record high of $134 billion. Services exports rose by $0.3 billion to $53 billion, […]
Two major barge industry organizations, the American Waterways Operators and Waterways Council, Inc., are calling on Congress and the Obama administration to expedite Corps of Engineers rock removal along the Mississippi River.
