Latest news

The U.S. Surface Transportation Board has taken actions to delay the revaluation of BNSF Railway’s assets, in part because of Berkshire Hathaway’s purchase of BNSF in 2010 without prior board authorization.

The Port of Vancouver USA’s board of commissioners has unanimously approved a 10-year lease with the Tesoro-Savage Joint Venture for a crude oil handling facility at the port.

TAL International Group reported a profit of $37.9 million for the second quarter of 2013, a jump of 29.4 percent from $29.3 million in the second quarter of 2012.

Pacer International reported its net income in the second quarter of 2013 totaled $1.9 million, compared with $1.3 million in the same quarter in 2012.

The Jacksonville Port Authority has named Brian W. Taylor as its new CEO, effective July 29, according to Joe York, chairman of the Florida port authority’s board of directors.

The European Union and Armenia have concluded negotiations for a deep and comprehensive trade area, which will create a new framework for trade relations between the two nations and boost bilateral economic benefits.

Spain’s Terminal de Contenidors de Barcelona, part of Grup Marítim TCB, has set a new company record for movements in handling a single ship.

APM Terminals Apapa in Nigeria is expected to receive five new rubber-tire gantry cranes out of a series of 10 in August as part of its third phase of a $135 million terminal upgrade.

The German government has signed a financial deal for the construction of a third rail line between Emmerich and Oberhausen in the nation’s North Rhine-Westphalia state.

The Port of Barcelona reported container volume of 828,169 20-foot-equivalent units in the first six months of 2013, a 3 percent year-over-year decline driven by a 42 percent drop in transshipments.

Costamare reported its profit in the second quarter of 2013 jumped 44.5 percent year-over-year to $30.6 million.

FedEx insists it will continue to operate domestic and international services in the Philippines without interruption while it waits for the country's Supreme Court to make a final ruling on the legality of one of its air freight forwarding licenses.

The Association of Asia Pacific Airlines reported preliminary traffic figures in June showed demand for air cargo continued to be weak.

Zim Integrated Shipping Services has enhanced the port coverage of its Asia-Europe service, AEX1.

Blue Dart Express, India's leading air express and logistics services provider, reported a net income of $7 million in its fiscal 2013-14 first quarter, which ended June 30, flat compared to the profit in the same period of fiscal 2012-13.

Yantian International Container Terminals in China has welcomed the inaugural call of the 18,000 20-foot-equivalent-unit Maersk Mc-Kinney Møller, a Triple E vessel.

With its stock riding high and earnings improving, YRC Worldwide plans to sell up to $350 million in securities to drive down its $1.37 billion debt.

Echo Global Logistics reported net income in the second quarter of 2013 totaling $3.9 million, up 3 percent from $3.8 million in the second quarter of 2012.

Roadrunner Transportation Systems has acquired all of the outstanding membership interests of Marisol International for $66 million, plus an earn-out capped at $2.5 million.

The New York Shipping Association said per-container assessments on cargo moving through the Port of New York and New Jersey will be lowered on Aug. 1, reflecting reduced operational costs.

Effective Aug. 1, Maersk Line will boost rates on its trade from South Africa to the Middle East and Indian subcontinent by $100 per 20-foot container.

U.S. Customs and Border Protection has signed a memorandum of understanding with the Federal Maritime Commission allowing CBP to share its Automated Commercial Environment data with the ocean transportation agency.

Japan’s exports to the United States rose for the sixth straight month in June on a year-on-year basis, surging 14.6 percent to 1.134 trillion yen ($11.34 billion), according to preliminary figures released by the Finance Ministry.

In the second quarter of 2013, Mullen Group reported it generated net income of C$27.4 million (about US$26.6 million), an increase of $19.4 million or 270.3 percent from $7.2 million in the same quarter last year.

Old Dominion Freight Line today reported net income in the second quarter of 2013 increased 21.8 percent year-over-year to $58.3 million, compared with $47.8 million in the same period last year.

IAG Cargo has added Johannesburg as the third route for its new A380 superjumbo aircraft.

American Railcar Industries reported its net income in the second quarter of 2013 was $23.6 million, jumping 76 percent from $13.4 million in the second quarter of 2012.

Swift Transportation today reported its profit in the second quarter of 2013 was $42.9 million, jumping 27.4 percent from $33.7 million in the same quarter in the previous year.

Knight Transportation reported its net income in the second quarter of 2013 was $18.9 million, sliding 1.8 percent from $19.3 million in the second quarter of 2012.

Another batch of 80 45-foot, pallet-wide high-cube containers has arrived by barge at the Rotterdam Shortsea Terminal in the Netherlands’ Port of Rotterdam for Samskip Multimodal.

Wal-Mart executives want people to know they are increasing the food safety requirements of their suppliers, are working to verify the safety of imported foods and increasing standards in foreign stores as well.

Global terminal operators APM Terminals and DP World are among the five organizations pre-qualified for the contract to build and operate a new container terminal at India’s Port of Kolkata.

South Korea-based Pantos Logistics has signed a memorandum of understanding (MOU) with China’s Bondex Logistics.

TransCore Link Logistics’ Canadian Freight Index volume slipped 7 percent in June compared with the previous month, continuing the up-and-down results in the first half of the year...

The Retail Industry Leaders Association has urged Congress to renew the Generalized System of Preferences program prior to its scheduled expiration on July 31, 2013, and the subsequent August recess.

CEVA Logistics is creating a campus consolidating several facilities in Mt. Juliet, Tenn.

The General Civil Aviation Authority has made recommendations addressing air cargo fire safety as part of its final report on the fatal crash of UPS B747-400 in Dubai, United Arab Emirates, on Sept. 3, 2010.

Canadian Pacific reported its profit in the second quarter of 2013 was C$252 million (about US$245 million), spiking 145 percent from C$103 million in the second quarter of 2012.

The Port of Hueneme’s board of harbor commissioners has approved a contract amendment with California’s South Coast Air Quality Management District that furthers the port’s plans to build a shore power infrastructure system, as part of its Shoreside Power Project.