Latest news

Kansas City Southern has named Darin P. Selby its new vice president of energy markets and short line partner relations.

AIT Worldwide Logistics has hired Myung Kim as business development director.

North America’s Class 8 truck net orders in April totaled 23,026 units, rising 6 percent from the previous month and increasing 37 percent from April 2012, according to FTR Associates’ preliminary data.

CEVA Logistics reported a loss of €681 million (about US$892.6 million) in 2012, growing from a loss of $283.1 million in 2011.

A total of six charges have been filed to the National Labor Relations Board by union dockworkers and United Grain Corp. at the Port of Vancouver, The Columbian reports.

Cosco Container Lines will boost rates for all shipments, including refrigerated cargo, on its trade from the Far East to South America’s west coast, starting May 15.

Yang Ming has received delivery of the YM Unicorn, an 8,626 20-foot-equivalent unit container vessel built by CSBC Taiwan.

DSV Road, the trucking division of DSV, has introduced DSV Daily Pallet, a new service offering daily pickup and departure with delivery of palletized groupage shipments to and from anywhere in Europe.

Mitsui O.S.K. Lines will be taking space on Pacific International Lines’ Mozambique Express Service.

DFDS confirmed today it has submitted a bid for Scandlines, the Danish-German ferry operator, which has been put up for sale by its private equity owners.

FreightCar America reported a net loss of $2.6 million in the first quarter of 2013, compared with a net profit of $9.7 million in the first quarter of 2012.

The Logwin Group today reported a profit of €4.5 million (about US$6.0 million) for the first quarter of 2013, improving from $5.8 million in the first quarter of 2012.

Hong Kong’s Hutchison Port Holdings and French shipping group CMA CGM are among the four bidders shortlisted for the contract to build and operate a third container terminal at the Port of Melbourne, Australia.

YRC Worldwide today reported a net loss of $24.5 million in the first quarter of 2013, improving from a net loss of $81.6 million in the first quarter of 2012.

The Los Angeles Harbor Commission Thursday delayed for at least two weeks a vote on a controversial proposal to adopt an annual general rate increase based on the consumer price index.

Diana Containerships will scrap another container ship, cutting the number of vessels in its container fleet to nine.

The Virginia Port Authority and China’s Ningbo Municipal Port Administration signed a memorandum of understanding this week to promote the all-water route between the two ports.

President Barack Obama today said he will nominate Michael Froman to serve as U.S. Trade Representative.

In March, the U.S. goods deficit shrank to $56.1 billion, down $4.6 billion from February, as imports declined more than exports. The total deficit, including trade in services, decreased $12.9 billion year-over-year to $38.8 billion.

The first Toyota Venzas departed the Port of Brunswick, Ga., May 2, bound for Russia and Ukraine.

Hanjin Shipping cuts its loss in the first quarter of 2013 to 34.7 billion won (approximately US$300 million), an 89.7 percent improvement year-over-year.

Major Japanese international freight forwarder Yusen Logistics said its group net profit plunged 55.7 percent in fiscal 2012, which ended on March 31, from a year earlier to 1.119 billion yen ($11.42 million) despite sound revenue growth.

IAG Cargo will be expanding its per-plane capacity when it adds at least 18 Airbus A350-1000s to its fleet beginning in 2018.

MOL and Pacific International Lines have announced a new joint Indian Ocean Islands Express Service.

Abu Dhabi Terminals has signed a contract with Hong Kong-based container carrier OOCL to include a call at the Port of Khalifa on its China-Middle East Express Service.

New orders for ultra-large container ships are undermining carrier efforts to limit the surplus of capacity that is depressing freight rates this year.

Abu Dhabi’s new Khalifa super port could eventually rival DP World’s neighboring Jebel Ali for Middle East container shipping hub status.

Descartes Systems Group has acquired KSD Software Norway AS, an Oslo-based provider of electronic customs filing solutions for the European Union.

DSV’s profit fell and its revenue stalled in the first quarter on declining cargo volumes and increased competition, but the Danish logistics and freight forwarding group said it is still looking for acquisitions to spur growth.

Lufthansa Cargo boosted operating profit by 35 percent in the traditionally weak first quarter and said it expects full year earnings to better its 2012 result as it continues to cull capacity in line with weak global demand.

CargoSphere, the cloud-based rate management system, launched a new freight-rate quoting service that logistics providers can use to keep rate quotes up to date.

CEVA Logistics has won support from bondholders for a debt-for-equity swap.

Dockworkers protesting the slow processing of medical claims picketed a terminal at the Port of Oakland Wednesday, one day after a similar action interrupted cargo handling at a terminal in Tacoma.

Sustained nationwide growth in the construction and absorption of warehouse space indicates that the recovery in the industrial real estate market is here to stay.

Roadrunner Transportation Systems reported net income available to common stockholders in the first quarter of 2013 was $10.6 million, increasing 33.4 percent from $7.9 million in the first quarter of 2012.

Jones Act domestic carrier Horizon Lines reported a first quarter net loss but a 25.7 percent increase in adjusted earnings before interest, taxes, depreciation and amortization from continuing operations.

The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the Bahri Hofuf, a new general cargo vessel of 26,000 deadweight tons, in South Korea.

D.J. Powers has opened a new branch office in Norfolk, Va., in line with its expansion strategy.