A group of 10 legislators push to restore requirement that 75 percent of U.S. food aid be carried on U.S.-flag ships after provision in proposed federal highway bill threatened to reduce threshold to 50 percent.
The president of the San Diego Customs Brokers Association, along with three international trade companies and seven other individuals, are facing federal charges following a probe targeting a multimillion dollar customs fraud scheme in Southern California. A 56-count criminal complaint filed in U.S. District Court for the Southern District of California accuses the […]
Pacer International said it had a profit of $1.3 million in the second quarter ending June 30, compared to $4.2 million in the same 2011 period. The Dublin, Ohio-based transportation and logistics company said revenues in the quarter were $368.3 million, compared to $386.3 in the second quarter of 2011. The company […]
C.H. Robinson said it had a profit of $114.6 million in the second quarter, 3.2 percent more than in the same 2011 period. Total revenues were $2.96 billion in the second quarter, 9.2 percent higher than the second quarter of 2011. Net revenues were $425.5 million, up 1.8 percent. Net revenues by […]
Norfolk Southern said it had profit of $524 million in the second quarter, 6 percent less than in the same 2011 period. Railway operating revenues of $2.9 billion were essentially flat in the second quarter compared to 2011. General merchandise revenues improved 9 percent to $1.6 billion. Coal revenues declined 15 percent to $755 […]
An American Shipper story July 20 last week, “President puts 7 port projects on the fast track,” reported on a White House announcement about efforts to expedite infrastructure projects at ports around the country appears to have misstated the timetable for deepening the federal channel in the Port of Miami. The White House said […]
American Petroleum Tankers says, after two years, the government will decide by end August whether to grant a Title XI loan guarantee for five 49,000-dwt. tankers built between 2006 and 2010 in California.
Failure to accelerate a study into the global availability of low sulfur fuel for ships has “billion dollar implications,” says the International Chamber of Shipping.
UPS said it had profit of $1.1 billion in the second quarter ending June 30, 2.2 percent more than in the same 2011 period. Revenue was $13.3 billion for the second quarter, up 1.2 percent over the same 2011 period. The company said its U.S. domestic package revenue was $8 billion in the […]
Rail Logistics is expanding its “Cold Train” logistics service, adding new equipment and adding new destinations this year. In early 2010, Rail Logistics launched the intermodal reefer service service in partnership with Burlington Northern Santa Fe Railway from the Port of Quincy in Washington State to destinations in the Midwest–Illinois, Indiana, Wisconsin, Michigan, […]
Paul Jaenichen was sworn in as deputy administrator for the U.S. Maritime Administration last Friday and began his new job on Monday, July 23. An Annapolis graduate, Jaenichen retired as a captain in the U.S. Navy earlier this year, having served the past two years as the Navy’s deputy chief of legislative affairs. […]
The two largest owners of shortline railroads in North America have agreed to combine. Genesee & Wyoming Inc. said it will purchase RailAmerica for $27.50 per share, for a total of $1.4 billion, plus another $600 million G&W would assume as debt. Jack Hellmann, president and chief executive officer of G&W, said […]
The White House said port projects in Jacksonville, Miami, Savannah, Charleston and New York/New Jersey will be expedited by executive order as part of a program to make the review process for infrastructure projects more efficient.
APT is asking a federal judge to order MarAd to make a decision on whether to grant it a loan guarantee for five 49,000-deadweight-ton petroleum tankers that were built at the General Dynamics NASSCO shipyard in San Diego.
The ocean carrier Maersk Line has extended its weekly Southeast Asia to Oceania double-loop NZ1 service further into New Zealand and added a 10th vessel, increasing the full butterfly roundtrip voyage time from 63 days to 70 days, while at the same time entering into a slot agreement with CMA CGM on the service. […]
The International Longshoremen’s Association and the U.S. Maritime Alliance (USMX) said Thursday they had “reached an agreement in principle on issues involving the introduction of new technology and automation and maintenance and repair of…
The ocean carrier Maersk Line has trimmed its Mediterranean-to-West Africa services by terminating its WAF10 service while simultaneously slowing its WAF1 and speeding up its WAF3. Maersk has suspended its dedicated weekly WAF10 service between the carrier’s West-Mediterranean hubs in Tangiers and Algeciras and Conakry, Guinea. The WAF10 had been operating with […]
New Orleans Cold Storage (NOCS) opened a new 142,000 square-foot terminal in Port of New Orleans on Thursday. The company, which said it’s the oldest cold storage company in North America, supplies storage to exporters of products such as poultry, beef, and pork. On hand to dedicate the new $40.3 million facility were […]
The Port Authority of New York and New Jersey has figured out a way to shave six months off the timetable for the $1 billion bridge reconstruction, which involves raising the road deck of the bridge for bigger ships.
No objections were filed to Hainan’s application, which sought rights available under the U.S.-China aviation agreement. Hainan proposes initially to operate four-times-weekly service, using Boeing 787 aircraft, beginning in the second quarter of 2013.
