Latest news

Diana Containerships today reported a net loss of $31.8 million in the first quarter of 2013, compared with a net income of $1.9 million in the first quarter of 2012.

HELP Inc. is strengthening its support of cargo theft recovery efforts by delivering CargoNet theft alerts through the PrePass system to roadside enforcement officers at nearly 300 truck inspection facilities in more than 30 states.

Kerry Logistics has deployed three hybrid electric vehicles (HEVs) as part of a pilot program under the auspices of Hong Kong’s government.

United Arab Shipping Co.’s ship Asir, which was crippled by an explosion that occurred in its engine room on May 11, has been moved to Jeddah, Saudi Arabia, by two tugs from Smit Salvage.

DNJ Intermodal Services will open a new office in Omaha, Neb., on June 1.

Penske Truck Leasing has opened its new $6 million, 24,000 square foot facility in Phoenix.

Polar Air Cargo plans to upgrade its 767 intra-Asia services and 747 trans-Pacific services, starting in early June.

Kane Is Able has named Gary Griffith its new senior vice president of business development and marketing.

ORBCOMM, a global provider or machine-to-machine solutions, has unveiled four asset-tracking and monitoring devices for the transportation and logistics industry.

Genesis Energy will expand its rail terminal in Natchez, Miss., and construct a new unit train loading facility in Wyoming in the Powder River Basin of the Niobrara shale play.

The U.S. and Tunisia have launched an initiative to support the development of small and medium-sized enterprises, boost trade and promote economic growth.

Finnair Cargo will add more air freight capacity to and from Brussels, starting June 6.

The European Union has allocated €37 million (about US$47.7 million) for its Regional Maritime Security program to strengthen the fight against piracy in several Eastern and Southern African countries.

Navios Maritime Holdings today reported a net loss of $10.2 million in the first quarter of 2013, plummeting from a net profit of $9.5 million in the first quarter of 2012.

CEVA Group reported its adjusted earnings before interest, taxes, depreciation and amortization in the first quarter of 2013 were €31 million (about US$39.8 million), plummeting 53 percent from $84.8 million in the first quarter of 2012.

Less-than-truckload carrier ABF Freight System will raise general rates and charges 5.9 percent on average May 28.

The leaders of about 160 Teamster locals approved a multiyear contract with ABF Freight System that will cut wages 7 percent in the first year of the contract.

The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports.

Royal Mail’s profit more than doubled, driven by surging parcel deliveries, in a major boost to the forthcoming privatization of the UK’s 363-year-old state-owned postal company.

Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.

The New Jersey General Assembly approved a bill to create a presumption that drayage and parcel delivery drivers are employees instead of independent contractors, but the legislation appears unlikely to become law.

DAF Trucks has selected DB Schenker in Brazil as its logistics service provider.

Novorossiysk Commercial Sea Port Group reported consolidated cargo turnover from January to April 2013 was 49.5 million metric tons, compared with 55.3 million metric tons in the same period last year.

Zim Integrated Shipping Services will boost rates for all shipments on its trade from Asia to the east coast of South America, starting June 15.

Georgia Ports Authority reported container traffic in April was 258,951 20-foot-equivalent units, increasing 4 percent from April 2012 and rising 11.3 percent from March 2013.

Rebecca Blank, U.S. acting commerce secretary, has wrapped up her week-long Latin America trade mission in Panama, which highlighted the importance of the U.S.-Panama bilateral trade relationship.

Workforce Florida has made available a $2 million Quick Response Training Challenge Grant for employers in Florida’s logistics and trade industry, according to Chris Hart IV, president and CEO of the statewide work force policy board.

Port Logistics Group has added more than 1.1 million square feet of warehouse space to its City of Industry Retail Distribution Campus in California with the opening of two new facilities.

The Port of Oakland’s containerized throughput rose 1.4 percent year-over-year in April, reaching 190,727 20-foot-equivalent units, including both laden and empty containers.

The Sacramento-Yolo Port Commission in California has approved a new lease for its West Sacramento maritime facilities with SSA Pacific.

Brazil has amended its import regulations regarding bovine spongiform encephalopathy, paving the way for the ban on imports of breeding cattle and beef from the European Union to be lifted.

Sea Star Line LLC has named Tim Nolan executive vice president, reporting to company President Peter Keller. He will be based in Jacksonville, Fla.

Pennsylvania’s Gov. Tom Corbett has awarded more than $6.7 million in Act 13 funding to 18 organizations making the switch to natural gas for their heavy-duty fleet vehicles.

Aliança has unveiled its new container ship, Sebastião Caboto, at the Terminal Maritimo de Passageiros in Brazil’s Port of Santos.

Five Below, a merchandise retailer for the teen and pre-teen markets, has opened a new $2 million distribution center in the former Mazda building in Olive Branch, Miss.

Katoen Natie has opened a 25,000 square meter (about 269,098 square foot) warehouse complex for the management of goods to be directed to Russia and the Commonwealth of Independent States in Muuga Harbour in Estonia...

Cosco Container Lines will increase rates for all shipments, including refrigerated cargo, on its trade from the Far East to South Africa, starting June 17.

Samudera Shipping Line’s board of directors has announced that Torkis David Parlaungan Batubara, executive director and CEO of the container line, has resigned, effective May 22. He will also cease as a member of the nominating committee.