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| Executive moves |
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Thursday, May 23, 2013
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Joseph Gallick , one of the primary public faces of Penske Logistics as senior vice president of sales since 1999, has left to become vice president of dedicated services for NationaLease, the Downers Grove, Ill.-based truck leasing firm. NationaLease has more than 100,000 trucks, tractors and trailers in its rental fleet, but is expanding into dedicated logistics services, including transportation and warehousing. Gallick is a member of the Council of Supply Chain Management Pr...
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| FMC reviews 10 OTI license applications |
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Thursday, May 23, 2013
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The U.S. Federal Maritime Commission has received 10 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Dove Global Logistics, Torrance, Calif. (Chol Min Kim, president); ICargo Global Logistics, Huntington Station, N.Y. (Edwin J. Arriaga, president); and TGP Logistics, Houston (Myrian T. Morales, vice president). The agency also received an NVO/ocean freight ...
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| Report: 3PLs see small revenue boost in 2012, similar for 2013 |
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Wednesday, May 22, 2013
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Third-party logistics providers will see 2013 revenues of $148.4 million, an increase of 4.6 percent, according to a recently released report by Armstrong & Associates. Revenues of third-party logistics providers in the United States increased by 6 percent, year over year, in 2012 to $141.8 billion. According to Armstrong & Associates, the compound annual growth rate for the 3PL industry fell by 0.3 percent from 1996 to 2012. The company expects this d...
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| Shipco sets up joint venture in New Zealand |
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Wednesday, May 22, 2013
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Non-vessel-operating common carrier Shipco Transport will start a joint venture with its longtime partner and agent Profreight in Auckland, New Zealand. Shipco New Zealand will take over all activities currently handled by Profreight in Auckland and will be staffed with the current Profreight employees. Gary Sayles will serve as managing director of the office. “We are looking forward to expanding our local relationships and developing new services,” Say...
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| Ecu-Line realigns Asia-Pacific management |
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Wednesday, May 22, 2013
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Non-vessel-operating common carrier Ecu-Line has made several changes to its Far East management. “This step has been taken as part of the long-term development strategy for the region,” the company said. Already in February, Uday Shetty was appointed the new chief operating officer for the Asia-Pacific region. Today, Ecu-Line said Mike Dye, currently regional chief executive officer for Asia-Pacific, will leave the company. Dye, who has headed the reg...
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| Subaru taps WWL for Georgia port facility |
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Wednesday, May 22, 2013
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Wallenius Wilhelmsen Logistics will manage vehicle processing for the 78,000-square-foot Subaru facility at the Port of Brunswick, Ga., starting in July. With the agreement, WWL becomes the automaker’s supplier for the Southeast United States. The contract includes import processing, accessory installation, transportation preparations and pre-delivery inspections. The company also manages Subaru holdings in Lafayette, Ind., and Baltimore. &n...
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| DHL keeps growing in India |
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Wednesday, May 22, 2013
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DHL Supply Chain announced that it will invest INR 650 million ($11.7 million) in its new 320,000-square-foot warehouse in Luhari, Delhi, anchored by Proctor & Gamble. The company is planning additional facilities in Ahmedabad, Bengaluru and Chennai in 2013. The new facility, and the forthcoming construction, is part of the INR 6.85 billion DHL pledged to invest in India last year to strengthen the logistics market. DHL has already built 350,000 square feet of ...
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| Executive moves |
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Wednesday, May 22, 2013
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Maritime services provider Inchcape Shipping Services (ISS) has appointed Les Morris to the new role of senior vice president of global sales. Morris has 30 years’ experience in sales and business development in the logistics and supply chain sector. He has held senior positions with Kuehne + Nagel and P&O. ISS said he has a track record in expanding global sales, making operational improvements and improving customer service. U.K.-based freight forwarder SBS Wo...
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| EU adds 37 million euros to fight piracy |
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Tuesday, May 21, 2013
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The European Union will contribute 37 million euros ($47.6 million) to the Program to Promote Regional Maritime Security, which will boost the fight against piracy in Eastern and Southern Africa. The money will be used to develop the legal system in the affected countries, strengthen financial oversight systems that could prevent the flow of money to pirates, share expertise and training, and provide security support. Anti-piracy awareness campaigns will also be set up in Somal...
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| CEVA takes revenue hit in 1Q |
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Tuesday, May 21, 2013
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Third party logistics provider CEVA’s revenue dropped 6 percent, year over year, in the first quarter to 1.6 billion euros ($2.06 billion), and adjusted earnings dropped from 66 million euros to 31 million euros. Officials attribute the lackluster revenue performance to the challenging market and said the earnings drop came primarily because of the divestiture of some of CEVA’s holdings. Air freight volume was down due to modal shift leading to a 6.8-percent revenue drop in the...
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| Association to certify truckers against trafficking |
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Tuesday, May 21, 2013
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The Truckload Carriers Association and Truckers Against Trafficking have teamed up to educate and train truckers on how to recognize and report sex trafficking, a crime that has been reported in every U.S. state. TCA will now start giving tests to truckers around the country so they can become a Certified Trucker Against Trafficking. The test is being given without any costs to the trucker and is based on a video viewable here . The organization will also pro...
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| Developer adds California retail distribution space |
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Monday, May 20, 2013
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Port Logistics Group has added two new facilities spanning more than 1.1 million square feet to its retail distribution campus in City of Industry, Calif. The development now boasts more than 2.5 million square feet of space. The first new building, a 350,000-square-foot facility, will house new and existing clients. A 775,000-square-foot development has also been built for three new clients.
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| Vanguard expands LCL service in Indonesia |
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Friday, May 17, 2013
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Non-vessel-operating common carrier Vanguard Logistics Services has started new services from Batam, Indonesia to global destinations. Many Indonesian and multinational manufacturers operate on the small island of Batam, which is located 20 kilometers southeast of Singapore. All less-than-containerload cargo from Batam is traditionally moved via small barges to Singapore's Pasir Panjang Breakbulk port. It is then relayed by open truck to Keppel District Park at Tan...
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| Aljex and AES Logistics integrate on intermodal rates |
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Friday, May 17, 2013
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AES Logistics and Aljex Software said Thursday the two companies have integrated AES Logistics rates into Aljex hosted software for quick access by Aljex users. AES is a provider of transportation services and supply chain logistics including truckload, less than truckload (LTL), ocean and air cargo service. Aljex is a provider of hosted transportation management software for brokers, carriers and other transportation providers. "Integration with AES provides sourci...
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| Drewry says container rates at 15-month low |
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Thursday, May 16, 2013
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Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight which launched today. Drewry said its global freight rate index fell 12 percent in April to reach its lowest level since February 2012, when container shipping was still recovering from the last ocean carrier price war. The index, which is a weighted average of freight rates across the 600 trade routes covered by Drewry’s Container Freight Rate Insight, rea...
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| Report: Central America should embrace intermodal |
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Thursday, May 16, 2013
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Governments in Belize, Central America and the Dominican Republic should create an environment that embraces an integrated, intermodal sea-land network, according to a recent report by the Inter-American Development Bank (IDB). A stronger supply-chain network would help push global trade forward and would also encourage trade exchanges between the countries in the region. The two authors of the study, Amar Ramudhin and Don Ratliff, posit that a number of initiative...
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| Postal group signs deal with Amber Road |
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Thursday, May 16, 2013
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The Kahala Posts Group (KPG), an alliance of 10 postal administrations around the world, has signed a deal with the global trade management solutions provider Amber Road aimed at increasing their competitiveness in the international delivery market. KPG member organizations include the Australian Postal Corp., China Post Group, Correos y Telégrafos SAE, Groupe La Poste, Hongkong Post, Japan Post Co., Ltd., Korea Post, Royal Mail Group, Ltd, Singapore Post Limited and the U.S. Po...
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| NetSuite opens doors to Descartes, Freightgate |
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Thursday, May 16, 2013
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The logistics information technology solutions providers Descartes Systems and Freightgate have both signed deals with NetSuite, a provider of cloud-based financials and enterprise resource planning (ERP) software suites. Descartes said it has signed a SuiteCloud Developer Network agreement, with the integration of NetSuite's SuiteCloud and Descartes' Logistics Technology Platform intended to enable customers to more effectively collaborate with their trading partners and carrie...
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| Ingram Micro's reverse logistics facility in Costa Rica |
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Thursday, May 16, 2013
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The world's largest wholesale technology distributor Ingram Micro said this week it is opening a new facility in Costa Rica for its Ingram Micro Mobility mobile device lifecycle services and logistics solutions subsidiary. The facility is designed to support Ingram Micro Mobility’s growing business in Latin America. Initially, the facility will be fully dedicated to supporting the company’s mobile device lifecycle services, specifically device recovery and technical repair. &nb...
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| Rickmers raising 200 million euros through bond sale |
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Thursday, May 16, 2013
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Rickmers Holding GmbH & Cie. KG, the parent of the Rickmers Group of shipping companies, intends to issue corporate bonds of up to 200 million euros ($258 million). The Hamburg-based shipping company is looking to expand its containership chartering business in the face of declining interest by many traditional banks in the shipping industry and the collapse of the "KG" system of limited partnerships in Germany that were used to finance many ships in the past. &...
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| FedEx Trade Networks breaks ground on NY facility |
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Wednesday, May 15, 2013
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FedEx Trade Networks has broken ground on an 83,000-square-foot facility at the Riverview Solar Technology Park in Tonawanda, N.Y. The first wave of employees is set to move in near the end of this year. FedEx is paying $5.2 million to build the 22-acre facility, which will include 55,000 square feet of office space. New York State has committed $2.56 million in tax credits to the project, and FedEx will receive another $1.9 million in tax relief from Erie County. ...
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| Yusen Logistics opening new Chicago warehouse |
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Wednesday, May 15, 2013
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Yusen Logistics (Americas) will open a new 229,000-square-foot warehouse in Chicago on May 20 that will employ 170 people. The warehouse will include 185,000 square feet dedicated to distribution and container freight station services, a climate-controlled area of 15,000 square feet, with separate freezer and refrigerated units totaling 3,000 square feet to accommodate the company’s growing perishables customer base. The new facility is located near the cargo entra...
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| Weiss-Rohlig relocates NA headquarters |
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Wednesday, May 15, 2013
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This fall, Weiss-Rohlig will relocate its North American headquarters to an 87,975-square-foot facility currently under construction in Elk Grove Village, Ill. Upon completion of the building, which is under construction by CenterPoint Properties, Weiss-Rohlig will initially lease 57 percent of the space. The move will bring Weiss-Rohlig, currently based in Des Plaines, Ill., closer to Chicago O’Hare International Airport. - Jon Ross
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| CEVA opens City of Pharma in Italy |
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Tuesday, May 14, 2013
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CEVA has opened the 20,000-square-meter "City of Pharma," a healthcare warehousing and handling facility, in Stradella, Italy. The area can be doubled in a short time to address future market demands, the company said. The integrated logistics hub places many different companies from the same industry in one location. According to a press release, this configuration will allow CEVA to better respond to fluctuations in the market. City of Pharma takes an approa...
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| DHL celebrates modest 1Q increases |
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Tuesday, May 14, 2013
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During the first quarter, DHL increased its revenues by 0.6 percent, year over year, to 13.4 billion euros ($17.4 billion), and before-tax earnings rose by 4 percent to 427 million euros ($553.9 million). Net income increased by 45 percent, year over year, but net profits fell to 498 million euros ($646 million) from a total of 529 million euros ($686.2 million) during the first three months of 2012. Frank Appel, DHL’s chief executive officer, noted these relativel...
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| Coyne: Third runway necessary at Heathrow |
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Monday, May 13, 2013
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A third runway at London Heathrow Airport is the only way to prevent a cargo capacity crisis, according to Larry Coyne, CEO of Coyne Airways. In a speech last week in London, Coyne said U.K. logistics firms are vulnerable to losing out on business to companies in mainland Europe if the capacity crunch is not addressed. His speech came in reaction to the push for an airport on Thames Island in London, a proposal that calls for a two-runway airport with rail and seapo...
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| CaroTrans starts Baltic/CIS service from New York |
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Monday, May 13, 2013
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Non-vessel-operating common carrier CaroTrans said Monday it is expanding its network into the Baltic and Commonwealth of Independent States (CIS) markets, including services into Russia. The first of what CaroTrans said will be “many future services” is a direct, weekly less-than container load (LCL) and full container load (FCL) export service from New York to Klaipeda port in Lithuania. The first sailing of the service departed New York on April 22 with arr...
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| Air Canada, Airbus form biofuels partnership |
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Monday, May 13, 2013
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Airbus, Air Canada and BioFuelNet Canada have formed a partnership to look into the long-term production of biofuels for Air Canada, with the first assessment due by the end of the year. The group is tasked with studying the different biofuels materials and processes, measuring the overall success of each method, and exploring any emerging technologies in the field. Air Canada has previously operated two flights fueled by a blend of jet fuel and biomass. The first, ...
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| Study says logistics firms suffer from high pricing pressure |
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Monday, May 13, 2013
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Three-fourths of global logistics companies are unable to get the prices they deserve for their services, according to the findings of the Global Pricing Study 2012 , conducted by strategy and marketing consultancy Simon-Kucher & Partners. The causes, managers say, are a price-aggressive competitive environment and a prevalence of standardized products. The study incorporated responses from 151 people in the transportation and logistics sectors throughout Europe, Asia, North...
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| Agility signs up Kuwait petroleum firm |
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Monday, May 13, 2013
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Agility has signed a five-year, $24.4 million contract with Kuwait National Petroleum Co. for transportation services. In addition to moving oversized and traditional petroleum shipments over Agility’s air, land and sea networks, the company will provide origin logistics, customs clearance, freight forwarding and procurement services. “The contract plays to many of our core strengths,” Tarek Sultan, Agility’s chairman and managing director, said in a st...
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| Crowley enters LNG market |
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Friday, May 10, 2013
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Crowley Maritime said its petroleum services group is entering the liquefied natural gas (LNG) market by acquiring Carib Energy, a Coral Springs, Fla.-based company that was founded in 2011 to export LNG to industrial facilities in the Caribbean and Latin America. Carib Energy plans to export LNG in 40-foot tank containers, which it says allows it to serve markets that do not justify or cannot receive large tanker ships of LNG. Crowley said its acquisition is ...
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| UPS adds winglets to 767 fleet |
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Friday, May 10, 2013
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UPS will add winglets to its 54-plane Boeing 767 fleet, including the five 767s currently on order, by the end of 2014. The integrator has already installed winglets on its 747s and MD-11s; UPS’ Airbus A300-600s have similar devices attached to their wings. The move will save each plane 4 percent of its current fuel expenditure by reducing drag during flight. The winglets also reduce noise emissions and improve performance during take off, according to a compa...
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| Descartes' white label booking system for IAG Cargo |
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Friday, May 10, 2013
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Logistics information technology solutions provider Descartes Systems has extended its relationship with IAG Cargo to include air cargo booking through Descartes' cloud-based Global Freight Exchange (GF-X) Private Label solution. Descartes' solution will support iagcargo.com, the carrier's free electronic booking portal for freight forwarders. Descartes' GF-X allows air carriers to distribute real-time product, routing, capacity and rate informa...
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| IAS plans expansion |
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Friday, May 10, 2013
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IAS Logistics will expand its Texas hub-and-spoke trucking operation to Los Angeles, Chicago and Miami. No timeline for the expansion has been released. The carrier's services currently operate from Texas' biggest airports, and in each new city, IAS will focus on building out from major airports. From the new city offerings, the IAS team will provide truck charter, integrated bonded trucking and storage, and a fleet capable of handling shipper-built ...
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| Ex-Im Bank loan for Brazilian airline maintenance |
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Friday, May 10, 2013
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The U.S. Export-Import Bank approved a final commitment for a $45.5 million loan guarantee to VRG Linhas Aereas S.A. (GOL), a Brazilian airline. The financing will support the export of engine maintenance services by Delta TechOps (Delta), a subsidiary of Delta Airlines. This transaction will support about 400 jobs, according to Ex-Im Bank. GOL engines will be shipped from São Paulo, Brazil, to Atlanta for heavy maintenance to be performed by Delta’s maintenance, r...
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| DHL adds Asia-Europe intermodal links |
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Thursday, May 09, 2013
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DHL Global Forwarding has added daily intermodal services from Shanghai and a weekly service from Chengdu to the European border. The offerings will use a combination of rail and truck transportation. According to DHL officials, customers will see faster shipments of up to 21 days compared with ocean shipments and lower transportation costs. This service offers the option of booking variable capacity — "ranging from a single container to a whole t...
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| Courier group changes name |
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Thursday, May 09, 2013
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The Messenger Courier Association of America (MCAA) has changed its name to the Customized Logistics & Delivery Association (CLDA). The rebranding effort was announced today by CLDA president, Rob Johnstone, at the association’s annual meeting in New Orleans. “The name change comes as part of an overall rebranding effort to better reflect what our members do,” Johnstone said in a statement. “Several years ago, the MCAA board began wrestling with the...
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| Spanish version of U.S. trade finance guide released |
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Thursday, May 09, 2013
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The U.S. Commerce Department’s International Trade Administration has released a Spanish language version of its Trade Finance Guide: A Quick Reference for U.S. Exporters . The guide was created specifically to help U.S. small and midsized businesses overcome one of their major export challenges, how to get paid from export sales, thereby helping turn their export opportunities into actual sales, the department said. “Since the publication of its first edition in 20...
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| Former Marine Corps logistics workers plead guilty to bribery |
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Thursday, May 09, 2013
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Two former employees of a Marine Corps logistics base in Albany, Ga., have pleaded guilty to taking bribes totaling nearly $750,000 over a three-year period to provide local carriers with business from the base, according to the U.S. Justice Department. The two men — Mitchell D. Potts and Jeffrey S. Philpot — face maximum prison sentences of 15 years and fines. They have already paid back the bribes and restitution to the Defense Department. During the scheme, ...
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| FMC review 6 OTI license applications |
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Thursday, May 09, 2013
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The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Jolaco International Procurement, Katy, Texas (Frederick D. Coker, president); and Mohammad Abdullatif Bagegni, Pelham, N.H. (Mohammad Bagegni, sole proprietor). The agency also received a NVO/ocean freight forwarder license application from Defined Lo...
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| Milwaukee port’s wind turbine pays off |
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Thursday, May 09, 2013
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A wind turbine commissioned in February 2012 at the Port of Milwaukee resulted in $5,000 net revenue for the port within the first nine months of operation, according to a recent update by the port authority and the City of Milwaukee's Office of Environmental Sustainability. The Northern Power 100-kilowatt turbine provides 100 percent of the port administration building’s electricity needs with the excess sold to We Energies. The estimated annual savings to the city are $14,000 ...
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| XPO buys Interide Logistics, realizes strong 1Q |
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Wednesday, May 08, 2013
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XPO Logistics recently purchased Salt Lake City-based Interide Logistics, a $28 million company, for $3.7 million in cash and stock. The company will keep Interride’s boss, Sean Snow, at the helm and will help him scale up operations at the firm’s other locations in Minneapolis and Louisville. In February, XPO purchased Covered Logistics and Transportation for $11 million in cash and stock. Two weeks earlier, it inked a deal to take over East Coast Air Charter for ...
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| Panalpina says ocean freight buoys 1Q results |
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Wednesday, May 08, 2013
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Panalpina had a consolidated profit of 14.3 million Swiss francs ($15.3 million) in the first quarter compared to a loss of 40.9 million francs in the first quarter of 2012. Net forwarding revenue was 1.6 billion francs in the first quarter of 2013, 4 percent more than in the same 2012 period. “Our results for the first quarter of 2013 are in line with what we could expect in a continuously difficult market,” said Monika Ribar, chief executive officer of the compan...
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| Textainer performs well in 1Q |
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Wednesday, May 08, 2013
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Textainer turned in revenues of $128.8 million in the first quarter, a 9.6-percent, year-over-year bump, and saw its income from operations rise by 11.9 percent to $76.1 million. Adjusted before-tax earnings for the quarter came in at $108.5 million, a 20.1-percent rise. Even with these strong results, utilization declined by 1.1 percent in the first three months of the year, year over year, but that trend seems to be reversing itself, according to Textainer Presid...
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| Pep Boys begins transload service in Savannah |
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Wednesday, May 08, 2013
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National Retail Systems is adding transloading to the suite of logistics services it performs for Pep Boys, a large automotive aftermarket service and retail parts chain. NRS said Tuesday it will deconsolidate ocean containers at its Pooler cross-dock facility four miles from the Port of Savannah and repack them into larger, 53-foot containers for the trip to Pep Boys' distribution center in Atlanta. The third-party logistics provider currently handles domesti...
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| What's better: Slow erosion in freight rates, or a sudden drop? |
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Tuesday, May 07, 2013
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Container carriers might actually be better off if freight rates crashed suddenly rather than gradually erode for months, contends SeaIntel Maritime Analysis. In the current issue of its SeaIntel Sunday Spotlight , the firm analyzed the prospects for carriers' profitability in 2013 seen in the light of current rate declines. “This leads to the, somewhat counter-intuitive, conclusion that carriers should potentially lower rates drastically in order to become pro...
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| Steel Shipping Container Institute gets makeover |
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Tuesday, May 07, 2013
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The former Steel Shipping Container Institute on Monday announced it has adopted a new name, the Industrial Steel Drum Institute (ISDI), along with a new logo and Website. The new Website provides purchasers of industrial packaging, warehouse and corporate risk managers, fire protection professionals, and others with information about the benefits of steel drums, how steel drums are made, and resources available to the industry. “Industrial packaging has evol...
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| Catapult opens Hamburg office |
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Tuesday, May 07, 2013
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In response to increased demand from Europe, logistics software provider Catapult International has opened an office in Hamburg, Germany. This expansion complements Catapult’s other offices located throughout the world. In addition to Hamburg and its Kansas City headquarters, the firm now has locations in Cebu, Philippines; Hong Kong; and San Francisco. “Growth and the ability to provide the needed support to our clients in Europe are vital and continue to be a lar...
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| Kalmar buys Spanish crane refurbish firm |
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Tuesday, May 07, 2013
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Kalmar, part of Cargotec, has acquired total ownership in the Spanish crane refurbishment and maintenance company Mareiport, S.A. The acquisition is an important step for Kalmar to become a larger global crane refurbishment and services provider. Kalmar has held a 30-percent share in Mareiport since 2007. Mareiport is a privately owned company established in 1985 in Algeciras, Spain. The company has been providing maintenance services for ports and terminals an...
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| Purolator adds U.S. branches |
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Tuesday, May 07, 2013
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Purolator International, a provider of U.S.-Canada logistics services, has opened three new branch offices in Columbus, Ohio; Newark, N.J.; and Phoenix, bringing their total number of 33 branches. The three new offices follow the addition of seven branches during 2012 in Baltimore, Charlotte, Denver, Indianapolis, Pittsburgh, San Diego and St. Louis. “Purolator’s growth comes at a time when U.S. business is increasingly looking to Canada as a source of new customer...
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| PaperWorks to use Transplace TMS |
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Tuesday, May 07, 2013
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The logistics transportation management services provider Transplace said Monday that Philadelphia-based PaperWorks Industries, a North American packaging company, will use its transportation management system (TMS) to manage shipments in North America. The TMS will be used for outbound shipments from two PaperWorks mills to customers located throughout the country, as well as select inbound shipments from the manufacturer’s fiber supplier network. The company’s paperboard...
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| Extra Logistics starts Web services |
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Tuesday, May 07, 2013
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The logistics and international freight forwarding company Extra Logistics said Monday it has launched Web-based ocean and air freight booking services. The online services are designed to enhance Express’ network 22 cargo receiving terminals in both U.S. and affiliate offices in 97 countries. Customers now can submit shipment details for import/export air and ocean freight to put their international shipments in motion. The services also include instant less-than-...
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| Executive moves |
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Tuesday, May 07, 2013
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Jesper Praestensgaard, who has been responsible for the global markets and global accounts departments on Hapag-Lloyd’s executive board since January 2011, will be leaving the company in June. Until further notice, Michael Behrendt, board chairman of Hapag-Lloyd, will assume responsibility for the departments. Yusen Logistics (Americas) has hired John Palma to lead its central region transportation sales team as regional sales director. Prior to joining...
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| Cass: Freight shipments, expenditures fall in April |
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Friday, May 03, 2013
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U.S. freight volume fell by 3.5 percent and freight expenditures dropped by 1.6 percent in April on a month-to-month basis, according to the Cass Freight Index Report . Compared to April 2012, shipments were down by 1.3 percent, and expenditures declined by 0.5 percent. While both shipments and expenditures have fallen below the same-month levels from last year, shipment activity is even lower than in April 2011. According to the report, the declines in activ...
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| Con-way has disappointing 1Q |
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Friday, May 03, 2013
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Con-way’s first quarter results came in below expectations, with the carrier turning in net income of $14 million, an $11.6-million decline compared to the first quarter of 2012. Revenue dropped from $1.37 billion to $1.34 billion, and operating income was down by more than $24 million. Douglas W. Stotlar, the carrier’s president and chief executive officer, called the results disappointing, but also said the company’s margins are moving in the right directio...
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| Descartes acquires Norwegian customs solutions company |
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Thursday, May 02, 2013
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Logistics IT solutions provider Descartes Systems said Thursday it has acquired KSD Software Norway AS (KSD), a leading Scandinavia-based provider of electronic customs filing solutions for the European Union, in a $33 million deal. The EU customs compliance market is characterized by a complex framework of member states, each with different regulations, languages and systems, Descartes stressed. "EU customs compliance is complex," said Svenn Widerberg, CEO of KSD....
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| TIA drops $8,000 bond deposit requirement |
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Thursday, May 02, 2013
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After a vote to eliminate a collateral deposit requirement from the Transportation Intermediaries Association’s services bond program, the organization will refund more than $2 million to members who paid the deposit fee when purchasing bonds. The TIA board eliminated the $8,000 deposit requirement due to the program’s success. Members who hold $250,000, $100,000 and $75,000 bonds will receive the refund. When the board initiated the bond program in 2012, it left t...
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| Greencarrier buys Trana Spedition |
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Thursday, May 02, 2013
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Sweden-based Greencarrier Freight Services has acquired the Swedish logistics firm Trana Spedition for an undisclosed amount. Trana, which had 2011 revenues of SEK 72 million, will continue operating under its current name, and the firm’s management will stay with the company. Kenneth Sankala, Trana Spedition’s former chief executive officer, will now serve as managing director of operations. “Trana Spedition recognizes the many opportunities this acquisition will ...
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| Allegretti to chair American Maritime Partnership |
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Thursday, May 02, 2013
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Allegretti The American Maritime Partnership (AMP), a trade organization for the U.S. shipping industry, said Thomas Allegretti has been elected as its new chairman. Allegretti is president and chief executive officer of the American Waterways Operators, a trade group for the tug and barge industry. He succeeds James Henry, chairman and president of the Transportation Institute, who will serve as AMP’s vice chairman. “It is an honor to serve ...
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| Executive moves |
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Thursday, May 02, 2013
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Kenco, a provider of logistics, real estate services and material handling equipment, has appointed Todd A. Johnson to senior vice president of operations for Kenco Logistic Services. Johnson has 29 years of experience in the supply chain industry, including stints at UPS, Exel, and Trammell Crow. Most recently, he was with Menlo Worldwide Logistics for 15 years. AIT Worldwide Logistics has hired Myung Kim as business development director. Kim come...
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