Maritime

Chris Dupin Thursday, July 19, 2012

UP has record profit in second quarter

   Union Pacific said its second quarter ending June 30 was its most profitable ever.     The Class I railroad had a profit of $1 billion, 28 percent more than the $785 million it earned in the same 2011 period.    Revenue for the quarter was $4.9 billion, 7 percent more than the $4.6 billion recorded in […]

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Chris Gillis Thursday, July 19, 2012

Senate committee approves AGOA amendments

   The U.S. Senate Finance Committee on Wednesday passed legislation that makes certain improvements and amendments to the African Growth and Opportunity Act (AGOA), America’s trade preference program for sub-Saharan Africa, and the Central America – Dominican Republic – U.S. Free Trade Agreement (CAFTA-DR).    The move follows an announcement by Congress on June 21 of […]

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Chris Dupin Thursday, July 19, 2012

Werner says second quarter earnings up 11%

   Werner Enterprises had a profit of $30.7 million in the second quarter ending June 30, 11 percent more than in the same 2011 period.    Revenue was up 1 percent to $521 million.    The trucking company attributed the better profit to “a  seasonally improving freight market, operating margin expansion and logistics growth.”

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Chris Dupin Wednesday, July 18, 2012

Intermodal, autos boost CSX, KCS earnings

   Two major U.S. railroads reported improved results for the second quarter on Tuesday, with their bottom lines boosted by better revenues from hauling intermodal cargo and automobiles.    CSX had a profit of $512 million in the second quarter, a 1 percent increase over the $506 million earned in the same 2011 period. The company said […]

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Chris Gillis Tuesday, July 17, 2012

CII names Bermingham VP sales, operations

   Consolidators International, Inc. has appointed Malcolm Bermingham to the new position of vice president of sales and operations.    Bermingham, who has more than 20 years of industry experience, has worked at both customs brokerage and freight forwarding firms. Moving from Ireland to Southern California, he started his transportation career as an employee at […]

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Chris Gillis Tuesday, July 17, 2012

Crowley promotes Golonka VP ship management

   Crowley Maritime Corp. has promoted Mike Golonka to vice president of the company’s ship management team.    Golonka, who previously served as general manager for ship management, will continue reporting to Todd Busch, senior vice president and general manager of technical services, and will remain domiciled in the company’s headquarters in Jacksonville, Fla.    […]

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Chris Dupin Tuesday, July 17, 2012

Railroads appeal class action certification

   Railroads have filed an appeal with the U.S. Court of Appeals for the District of Columbia seeking to file a lower court’s decision to certify a class action against them for fixing surcharges, reports the National Industrial Transportation League in its latest Notice newsletter.    NIT League said the railroads argued in the petition that […]

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Chris Gillis Tuesday, July 17, 2012

Military Sealift Command tests biofuels

   Military Sealift Command fleet replenishment oiler USNS Henry J. Kaiser, which is currently providing logistical support for U.S. Pacific Fleet’s biennial Rim of the Pacific exercise off Hawaii, will deliver 900,000 gallons of a 50-50 blend of advanced biofuels and traditional petroleum-based fuel today to the U.S. Navy aircraft carrier USS Nimitz strike group. […]

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Chris Dupin Monday, July 16, 2012

Weeks Marine expands dredge fleet

   Weeks Marine said it plans to christen a new $41 million ocean-going hydraulic cutter suction dredge, CR McCaskill, today at its Houma Marine Yard in Houma, La.    The vessel is named for the dredging division’s top technical and equipment executive, Charles R. McCaskill, and is the third of five dredges Weeks is building at a cost of $200 […]

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Chris Dupin Monday, July 16, 2012

IMO to change ship traffic to protect whales

   The U.S. Commerce Department’s National Oceanic and Atmospheric Administration said the International Maritime Organization Safety of Navigation Subcommittee has approved amendments proposed by the United States for the Santa Barbara Channel, Los Angeles/Long Beach, and San Francisco traffic separation schemes aimed at reducing ship strikes of whales along the West Coast.    NOAA said the […]

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