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Record Tonnage, Intermodal Volume for Georgia Ports
JOC Staff |
The Georgia Ports Authority handled record tonnage in fiscal year 2013, and a record volume of freight moved by intermodal rail.
North American ports
Drewry: Carriers Shouldn't Count on Peak Surcharges
Peter T. Leach, Senior Editor |
Container lines
NY-NJ Port Chief Defends Bridge Toll Plan
Joseph Bonney, Senior Editor |
NEW YORK — The executive director of the Port Authority of New York and New Jersey defended the agency’s bridge and tunnel toll increases and said toll revenue is not being diverted to the over-budget World Trade Center rebuilding or other port authority real estate projects.
North American ports
Report: Canada Should Address Arctic Infrastructure
JOC Staff |
The Canadian government needs to devote greater policy attention and resources to Arctic maritime areas, such as Nunavut, the northernmost territory in Canada...
Transport, Trade and Regulation News
Forwarding
Geodis Wilson Names India, Southeast Asia Directors
JOC Staff |
Geodis Wilson has appointed Leif Voelcker as managing director of Geodis India and Rene Bach-Larsen as cluster managing director of Singapore and Southeast Asia.
Logistics Technology News
Supply Chain Solutions Acquires Vanik International
JOC Staff |
Supply Chain Solutions, a Michigan-based transportation, logistics and supply chain management company, has acquired Vanik International, an Illinois-based freight forwarder.
Logistics Technology News
Rhenus Midi Data Acquires Lupprians UK
JOC Staff |
Rhenus Midi Data, the high-tech logistics division of the Rhenus Group, has acquired Lupprians UK, a technical installation and distribution work provider.
Logistics Technology News
DB Schenker Logistics Names Gay as CEO
JOC Staff |
Effective Sept. 1, Lluís Gay will assume the position of CEO of Schenker Logistics, replacing Jaume Ballester.
Logistics Technology News
Ocean Carrier Rate Revision Roundup for July 26
JOC Staff |
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August and September.
Container lines
STB Directs BNSF Asset Revaluation Over 7-Year Period
JOC Staff |
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.
Transport, Trade and Regulation News
Port of Vancouver USA Approves Tesoro-Savage Lease
JOC Staff |
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.
North American ports
TAL International Reports 29.4 Percent Profit Jump
JOC Staff |
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.
Forwarding
Pacer Reports Second Quarter Profit Growth
JOC Staff |
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.
Logistics Technology News
It's Official: Brian W. Taylor Is Jaxport's New CEO
JOC Staff |
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.
EU, Armenia Strike Deal for Free Trade Area
JOC Staff |
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.
Transport, Trade and Regulation News
Barcelona Terminal Sets Container-Handling Record
JOC Staff |
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.
Marine terminals
APM Terminals Apapa to Receive New RTG Cranes
JOC Staff |
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.
Marine terminals
Netherlands-Germany Rail Project Approved
JOC Staff |
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.
International rail
Port of Barcelona’s First Half Container Traffic Declines
JOC Staff |
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.
International ports
Costamare Delivers ‘Positive’ Results for 2Q
JOC Staff |
Costamare reported its profit in the second quarter of 2013 jumped 44.5 percent year-over-year to $30.6 million.
Container lines
FedEx’s Philippine Forwarder License in Jeopardy
Mike King, Special Correspondent |
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.
Logistics Technology News
Asia-Pacific Air Cargo Demand Declined in June
JOC Staff |
The Association of Asia Pacific Airlines reported preliminary traffic figures in June showed demand for air cargo continued to be weak.
Air Cargo Carriers News
Zim Expands Itinerary of Asia-Europe Service
JOC Staff |
Zim Integrated Shipping Services has enhanced the port coverage of its Asia-Europe service, AEX1.
Container lines
Revenue, Expenses Up, But Profit Flat at Blue Dart Express
JOC Staff |
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.
Logistics Technology News
Air Cargo Forwarder News
Maersk’s Triple E Vessel Makes Maiden Call in China
JOC Staff |
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.
Container lines
YRC Worldwide Plans $350 Million Stock Sale
William B. Cassidy, Senior Editor, Trucking |
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.
LTL
Echo Global Logistics Profit Rises 3 Percent
JOC Staff |
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.
Logistics Technology News
Roadrunner Acquires Marisol International
JOC Staff |
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.
LTL
Port of NY-NJ Lowers Cargo Assessments
JOC Staff |
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.
North American ports
Maersk Line, MSC to Hike Rates Between Africa and Asia
JOC Staff |
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.
Container lines
US Customs to Start Sharing ACE Data With FMC
JOC Staff |
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.
Transport, Trade and Regulation News
Forwarding
Japanese Exports to US Jump 14.6 Percent
JOC Staff |
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.
Container lines
Saudia Cargo Posts First Half Volume Growth
JOC Staff |
Air Cargo Carriers News
Mullen Group’s Profit Jumps More Than 270 Percent
JOC Staff |
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.
Truckload
LTL
ODFL Reports 21.8 Percent Jump in Profit
JOC Staff |
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.
LTL
IAG Cargo Adds Johannesburg to Cold Chain Trade
JOC Staff |
IAG Cargo has added Johannesburg as the third route for its new A380 superjumbo aircraft.
Air Cargo Carriers News
Cool Cargo News
American Railcar Industries’ Profit Spiked in Second Quarter
JOC Staff |
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.
North-American rail
Swift Transportation’s 2Q Profit Jumped 27.4 Percent
JOC Staff |
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.
Truckload
Knight Transportation’s Income Down, Revenue Up in Second Quarter
JOC Staff |
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.
Truckload
Samskip Multimodal Receives New 45-Foot Containers
JOC Staff |
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.
Logistics Technology News
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