Latest news

Mexico City-based mining corporation Grupo Mexico reported net income in the fourth quarter of 2012 was $724.8 million, jumping 22.6 percent from $591.3 million in the fourth quarter of 2011.

The International Chamber of Shipping condemned planned Suez Canal toll hikes and warned cash-strapped shipowners might sail their vessels via the route around the Cape of Good Hope.

U.S. Customs and Border Protection processed nearly 25 million cargo containers through the nation’s ports of entry in fiscal year 2012, up about 4 percent year-over-year.

Reading, Penn.-based Penske Logistics, a subsidiary of Penske Truck Leasing, has appointed two senior vice presidents.

International trade and cooperation has become a key driver of small business success, according to a macro-economic study by IHS and DHL Express.

German ocean carrier Hapag-Lloyd has changed its agent representative in Croatia from Jadroagent to Adriatikagent.

The European Union has allocated funding from the TEN-T Programme, under the 2011 TEN-T Annual Call, for two rail infrastructure projects in Italy and Austria.

The European Union has allocated funding from the TEN-T Programme, under the 2011 TEN-T Annual Call, for two maritime infrastructure projects in Europe.

Chicago is becoming a virtual hub for fast-growing third-party logistics companies and freight brokers that own no assets but see Chicago as perhaps the biggest asset of all.

Non-vessel-operating common carriers don’t think the outlook for carrier rate increases this year is very strong.

Non-vessel-operating common carriers are finding growth opportunities in the fast-growing regional trades, in the intra-Asian and intra-Latin American markets and in the domestic Chinese market.

CMA CGM has added two calls to Milano and Padova in Italy on its Far East to the Mediterranean intermodal route.

Harbor trucking companies in Southern California in March plan to release the results of a study of turnaround times at the 14 container terminals in Los Angeles-Long Beach harbor.

International Longshoremen’s Association President Harold Daggett said he’s confident ILA members will be satisfied with a tentative agreement on a coastwide contract and that the union now will turn its attention “to achieving equally successful local contract agreements.”

The International Longshoremen’s Association and United States Maritime Alliance reached tentative agreement on a six-year coastwide master contract late Friday night, the Federal Mediation and Conciliation Service said.

The container terminals at the Port of Algeciras in Spain handled 4.1 million 20-foot-equivalent units in 2012, a 13 percent increase year-over-year.

Mitsui O.S.K. Lines, the parent company of the Japanese ocean carrier MOL, reported a net loss of $678.1 million in the third quarter of 2012, ending Dec. 31. Quarterly revenue was $12.9 billion.

USA Truck reported a net loss of $3.1 million in the fourth quarter of 2012, an improvement compared with the net loss of $4.4 million in the fourth quarter of 2011.

Ocean container carrier Alianca has received the first of four new identical vessels to be deployed in its Brazilian coastal service.

France-based Delmas Shipping, a containerized freight and roll-on, roll-off shipping company, has added a call at Itajai, Brazil, on its South American SAMWAF line, replacing the call at Sao Francisco do Sul, Brazil, in order to meet increased demand for refrigerated shipping services.

Stirling Capital Investments has completed construction of a 76,800-square-foot facility expansion at the Southern California Logistics Centre, a 2,500-acre industrial and commercial complex in Victorville, Calif.

Ocean carrier United Arab Shipping Co. will implement a general rate increase on all U.S. export cargo to the Middle East and Mediterranean, effective March 1. It will apply to all tariff ocean freight rates and service contracts.

Cosco Container Lines today announced an emergency bunker surcharge adjustment for both eastbound and westbound shipments in Far East to Northwest Europe and Mediterranean trade, effective March 1, until further notice.

Taiwan-based ocean shipping company Yang Ming Marine Transport today set up Yang Ming (Australia) with Inchcape Shipping Services to expand its market in Australia.

Outgoing Transportation Secretary Ray LaHood’s imprint on U.S. transportation goes far beyond cutting down on driving while texting and heralding high-speed rail.

Gov. Rick Scott’s Florida Families First Budget for fiscal year 2014 fully funds the Florida Department of Transportation’s Work Program $8.3 billion investments in port, highway, bridge and other transportation infrastructure improvements.

Old Dominion Freight Line today moved its service center in Toledo, Ohio, to an expanded 48-door facility with more yard space and a larger dock.

The announcement that Mediterranean Shipping Co. will invest in the Total Terminals International facility at the Port of Long Beach comes barely one month after the port announced that CMA CGM is taking an equity stake in the Pacific Container Terminal that is operated by SSA Marine.

Port of Tacoma, Wash., has hired Tom Bellerud to lead container terminal business development.

Mediterranean Shipping Company has increased its investment at the Port of Long Beach, according to J. Christopher Lytle, the port’s executive director, in his “State of the Port” announcement.

U.S. Lines has postponed its general rate increase for dry cargo from all origins to all destinations in the trans-Pacific westbound trade from Feb. 18 to March 1.

Mediterranean Shipping Co. will hike rates on all export cargo from North Europe, Baltic and Eire to Canada’s west and east coasts, effective March 1.