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| Freightliner buys Maersk’s European intermodal operator |
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Wednesday, June 19, 2013
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Freightliner Group has acquired European intermodal services provider ERS Railways B.V. from Maersk Line. The intemodal operator said the purchase of ERS supports its strategy of developing businesses in rail markets beyond its base market in the United Kingdom. Financial details of the transaction were not disclosed and is still subject to the necessary regulatory approvals. Rotterdam-based ERS was started in 1994 as an intermodal rail freigh...
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| Mexico near-shoring taking hold |
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Wednesday, June 19, 2013
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The Stifel Transportation and Logistics Research Group wrote Thursday it appears near-shoring in Mexico is taking hold, judging from discussion at the Nearshoring Mexico Summit held last week in Dallas by Armstrong and Associates. “We heard of the northbound load imbalance from several presenters,” Stifel wrote in a note to investors. “Most agreed that it falls in range throughout the year (depending on seasonality) of two northbound loads for every southbound load to four north...
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| Bumper fiscal 4Q for FedEx |
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Wednesday, June 19, 2013
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FedEx secured fourth quarter fiscal year operating profits of $1.1 billion, an increase of 11 percent over the same period in 2012, the company said Wednesday. For its full fiscal year ending March 31, FedEx had operating profits of 3.2 billion, marginally lower than the previous year. Fourth quarter revenue was $11.4 billion, up 3.6 percent year-on-year, while full year revenue was $44.3 billion, up 3.7 percent on the previous year. FedEx had net income of $679 mi...
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| Court upholds Ex-Im Bank support to Air India |
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Wednesday, June 19, 2013
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The U.S. Court of Appeals in Washington, D.C. on Tuesday rejected a request by Delta Air Lines to vacate the U.S. Export-Import Bank’s support of sales of U.S.-manufactured aircraft to Air India. The court has asked Ex-Im Bank to further explain its financing decision for the Air India transactions, but it chose to leave undisturbed the bank’s financing of the Air India transaction and did not question the bank’s flexibility in carrying out its statutory mandate. ...
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| U.S. Bank offers new fuel card for truckers |
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Tuesday, June 18, 2013
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U.S. Bank has unveiled its Over the Road Plus card, an expansion of its Over the Road card offering, which enables drivers to easily purchase fuel at thousands of truck stops and other retailers. The new card enhances U.S. Bank's offerings by adding checking services to use where the card is not accepted, pre-approval per-diems, and funding for emergency repairs. Fleet managers can, through a program tied to the card, manage fuel limits and gallons per fill up. “By...
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| Cargolux adds Columbus-Hong Kong route |
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Tuesday, June 18, 2013
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Cargolux has added twice-weekly, direct service from Hong Kong to Columbus, Ohio, using Boeing 747-8 freighters. The flights began Sunday, the same day the carrier unveiled new service into Brazil. Officials expect goods on the route to include cargo associated with the fashion industry. “We are pleased that we are expanding our North American network by adding Rickenbacker International Airport to our global portfolio of destinations,” Cargolux’s chie...
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| Pilot pushes Spanish expansion |
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Tuesday, June 18, 2013
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Pilot Freight Services has opened a new station in A Coruna, Spain, and plans to open additional offices in Barcelona and Madrid by the end of 2013. The company, which recently reported $500 million in revenue for 2012, opened its first European station in Amsterdam in 2011. "We've gotten a lot of positive feedback from the opening of our station in Amsterdam, as our customers have really seen the benefit of having Pilot employees on the ground in Europe. Ou...
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| Packaging facility to open in Mumbai |
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Tuesday, June 18, 2013
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The Sahil Group and Sahil Freight Express will open the 44,000-square-foot packaging and warehousing facility in Mumbai by Sept. 1. The owners are currently looking for a joint-venture partner to help operate the facility, which is located near the Mumbai and Nhava Sheva ports. In specific the partner should specialize in delivering packaging to customers in India and globally, primarily in the healthcare, automotive, telecommunications and aviation industries, an...
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| INTTRA releases ocean document mapping tool |
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Tuesday, June 18, 2013
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The portal-based ocean shipping e-commerce network INTTRA on Tuesday unveiled a new application designed to reduce the millions of manual transactions ocean carriers process annually. The product, called INTTRA Change, will allow shippers to submit electronic documents to carriers in the output format from their enterprise resource planning (ERP) system or transportation management system (TMS) while allowing carriers to receive it in an electronic-data-interchange (EDI) format...
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| TP Pulse: Shippers expect no big rate, capacity swings |
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Tuesday, June 18, 2013
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Shippers reported no major swings in rates and capacity on the eastbound transpacific lane, according to the results of the latest American Shipper Transpacific Pulse survey. Nearly 60 shippers were polled in the survey, conducted May 31-June 7. More than 70 percent of respondents said their rates had either remained the same or increased or decreased moderately in the last month. Only 8.5 percent said their rates had increased or decreased significantly. Another 13 percent said...
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| Analyst sees potential for FedEx |
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Tuesday, June 18, 2013
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Early aircraft retirement, a $1.7-billion profit improvement program and improvement in its express segment are reasons why Cowen and Co. is anticipating slightly better performance from FedEx stocks when the company releases its fiscal fourth-quarter numbers Wednesday morning. Cowen predicts a lower earnings-per-share number than most analysts, but sees the steps FedEx is taking in the market as hallmarks of an improving company. Modal shift is affecting FedEx, but Cowen still ...
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| Liebherr expands in Miami |
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Tuesday, June 18, 2013
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Austrian crane manufacturer Liebherr has opened a new $20 million sales and service center in Miami off Okeechobee and the Florida Turnpike. It will serve as a major hub for Liebherr’s maritime cranes division and further strengthen its business relations to Central and South America and the Caribbean regions, said Gernot Schranz, president of Liebherr Nenzing Crane Co. Liebherr called the 430,000-square-foot property ideal, stating the port of Miami and Miami Inter...
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| Executive moves |
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Tuesday, June 18, 2013
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Tay Yoshitani , chief executive officer of the Port of Seattle, and Phil Washington , general manager of the Regional Transportation District (RTD) in Denver, were appointed to the Washington-based Eno Center for Transportation’s board. Eno’s board also held elections for officers. Lillian Borrone , chairman; Mort Downey , secretary; and David Plavin , treasurer, were all re-elected to their positions for a one-year term. DSV Road Ltd. has appointed Jesper Hansen as...
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| Drewry Air Freight Index - April gains erased in May |
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Monday, June 17, 2013
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April's $0.06 uptick in east-west air freight rates evaporated in May, as the average rate per kilogram finished the month at $3.15, the same price as in March, according to Drewry's East-West Air Freight Price Index. Year-over-year, May's result represented a $0.10 drop in the price of air cargo. The price index takes 21 trade lanes and averages them together, coming up with a weighted index and an average price for a kilogram of cargo. The high point for freight i...
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| Asia/Middle East driving global contract logistics growth |
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Monday, June 17, 2013
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The U.K. consulting and research firm Transport Intelligence (Ti) said the global contract logistics market grew 3.4 percent by value in 2012, but warned that growth hides “increasing divergence in the performance of regional markets.” Ti’s latest report Global Contract Logistics 2013 , found growth in emerging markets is much higher than those in Europe or North America. The Middle East market grew at 5.7 percent, while the Asian contract logistics market grew at 6 percen...
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| Drewry says Med-North America trade soft |
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Monday, June 17, 2013
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The shipping consultants Drewry are predicting that the westbound cargo growth in the Mediterranean-North America trade "is likely to remain poor, so more schedules between the Mediterranean and ECNA (East Coast North America) will need to be rationalized soon. Operating services in isolation, such Hapag-Lloyd’s MGX schedule, and MSC’s loops A and B, appears to be a luxury that is no longer affordable." The London-based company said in its Container Insight Weekly publication t...
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| U.S. exporters confused over Mexican tax regulations |
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Friday, June 14, 2013
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U.S. exporters are focusing their ire on the Servicio de Administracion Tributaria (SAT), Mexico’s tax agency for what they see as an increasing number of costly, time-consuming NAFTA audits and re-audits by the agency. These exporters say the current Mexican government had promised to streamline the audit process. “NAFTA rules of origin in this industry are very complex and require review of multiple levels of processing, which usually occurs at different com...
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| Impatex takes NetFreight to the cloud |
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Friday, June 14, 2013
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The U.K.-based supplier of customs software Impatex said Friday that its Web-based freight management and customs processing package NetFreight is now available in the cloud, following an alliance with freight industry hardware specialist Albacore Systems. NetFreight, launched in 2005 and acquired by Impatex in 2007, was designed as a browser-based system, operating either on a user’s in-house server, or on an external, hosted server. “In practice, most NetFreight ...
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| Cargill expands use of electronic bills of lading |
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Thursday, June 13, 2013
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The U.S. agribusiness Cargill said Thursday it has expanded its operational use of CargoDocs, an electronic bill of lading (eB/Ls) solution, to include agricultural shipments from South America. Cargill first used the solution on a shipment of grain from Houston to Veracruz, Mexico in March. Electronic Shipping Solutions (ESS), a provider of shipping and trade document and data solutions, is partnering with Cargill to include new trade routes from Argentina and Bra...
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| Ohio feed shipper bets on CNG |
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Thursday, June 13, 2013
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TruStar Energy will build a compressed natural gas fast-fill station for Kalmbach Feeds near the company's Ohio manufacturing plant. The station, which will allow two vehicles to fuel up simultaneously, is slated for completion in early November. Kalmbach Feeds, an animal feed distributor, is planning to transition its entire fleet to CNG in the next decade. "Regarding CNG, there has always been the discussion of whether to buy CNG trucks or wait until ...
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| DHL unveils new cold-chain product |
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Thursday, June 13, 2013
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DHL Global Forwarding has launched a temperature-controlled, high-visibility air freight service targeted at the life sciences and healthcare industries. DHL Thermonet uses Smartsenor RFID technology to ensure constant monitoring of temperature-sensitive shipments during transport, and customers can even ask add on the SmartSensor XP option, which will transmit temperature data from the goods surrounding the customer’s shipment. All the data is uploaded to the Internet for easy...
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| First supply chain students graduate from Malaysian institute |
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Thursday, June 13, 2013
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The Malaysia Institute for Supply Chain Innovation (MISI) has graduated its first class of students from its nine-month master's program, according to the MIT Center for Transportation and Logistics. The class of 2013 consists of 16 students from eight countries including India, China, Philippines, and the United States, many of whom have prior professional experience. More than 80 percent of the students secured new job offers before graduation. Employers include Accenture...
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| Swiss Interroll buys Colorado company |
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Thursday, June 13, 2013
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Switzerland-based Interroll has purchased Portec, a conveyor belt manufacturer based in Colorado, for an undisclosed amount. The cash purchase is expected to close on July 1. The acquisition is in line with Interroll’s strategic growth plans and gives the company a better foothold in the United States. The company, which counts Amazon and Coca-Cola as customers, also plans to open a 90,000-square-foot facility in Atlanta later this year. "The product p...
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| FMC reviews 13 OTI license applications |
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Thursday, June 13, 2013
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The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Marine Bulk Freight Forwarding, Huixquilucan, Mexico (Moises S. Leon, president). The agency received NVO/ocean freight forwarder license applications from Daisy Mae Concepcion, Orange, Calif. (Daisy Mae Concepcion V. Taleon, sole proprietor); John S. Kim a...
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| Amber Road opens European headquarters in Munich |
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Wednesday, June 12, 2013
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The global trade management (GTM) solutions provider Amber Road said Tuesday it has opened an office in Munich, Germany, to serve as its Europe/Middle East/Africa (EMEA) headquarters. Strong demand for its global trade management solutions in Europe has fueled the company’s growth in the region, Amber Road said. Amber Road began offering services in Europe in Scandinavia in 2009, but has grown its European customer base to include companies such as ABB, Drägerwerke, Lantiq, Met...
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| Transplace releases freight allocation module update |
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Wednesday, June 12, 2013
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The third party logistics company and truck brokerage Transplace on Tuesday released its Freight Allocation Module 2.0, a Web-based application that optimizes transportation by allowing shippers to auction freight with approved carrier partners. FAM 2.0 offers authorized carrier companies improved visual presentation of available freight along with spot rate quotations in real time and is an application within Transplace’s transportation management system (TMS). The application...
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| Boeing sees need for 35,000 planes by 2032 |
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Tuesday, June 11, 2013
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With both passenger and cargo traffic expected to grow 5 percent annually moving forward, the global airline industry will need more than 35,000 new planes at a cost of $4.8 trillion over the next 20 years, according to Boeing’s Current Market Outlook . The largest amount of demand will come in the single-aisle category, with Boeing predicting a need for 24,670 planes at a cost of $2.29 trillion. The manufacturer predicts the least amount of demand will come for large, wide...
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| Panalpina rolls out LOG-NET order management system |
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Tuesday, June 11, 2013
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The ocean freight division of the forwarding company Panalpina said Tuesday it plans to begin offering customers an order management system based on the latest version of the customer-facing application, LOG-NET. Panalpina said the offering, called MyPanalpina+, is designed to give customers enhanced order processing capabilities, better freight management services and improved visibility of their supply chains. “The deployment of the new system demonstrates Panalp...
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| Executive moves |
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Tuesday, June 11, 2013
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MCC Transport has named Naresh Potty its chief commercial officer, based in Singapore. Potty will be responsible for overseeing commercial activities including trade and marketing, key client management and business and commercial processes for the intra-Asia liner company, a unit of the A.P. Moller-Maersk Group. He first joined the A.P. Moller–Maersk Group in 2000, holding various positions in line management, sales, marketing and general management. Pri...
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| Drewry says transatlantic trade 'continues to disappoint' |
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Monday, June 10, 2013
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Cargo volumes moving from North America to North Europe picked up in the first quarter, but are “unsustainable due to the austerity measures being taken by most European governments,” according to an article in the current edition of Drewry’s Container Insight Weekly . Drewry said exports from North America to North Europe improved significantly in the first quarter, with “average monthly cargo flow reaching 176,000 TEUs, up by 14 percent compared to the previous quarter, or 5 ...
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| TNT to lay off Italian workers |
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Monday, June 10, 2013
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TNT Express plans to layoff 850 workers in Italy and combine its smaller operations in the country into larger outposts at strategic locations. The moves, which are part of the company’s "Deliver!" reorganization program, will affect 20 Italian facilities. Service levels and network connectivity will not be affected by the downsizing, company officials said. TNT Express is also planning on investing in depot sorting and IT at the remaining facilities. ...
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| Damage collections for ISF non-compliance to begin |
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Monday, June 10, 2013
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U.S. Customs and Border Protection will begin full enforcement of the Importer Security Filing requirement on July 9, the agency announced Friday. On that date, the agency will begin to issue liquidated damages for ISF violations, such as filing incomplete, inaccurate or late documentation. The ISF rule went into effect on Jan. 26, 2009, but for the first year the program had no sanctions so that shippers and carriers could learn how to collect and file the ne...
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| Executive moves |
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Monday, June 10, 2013
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Horizon Lines named William A. Hamlin executive vice president and chief operating officer. Hamlin joined Horizon in March 2011 as senior vice president of operations from Jamian McElroy & Hamlin, a consulting firm specializing in transportation and infrastructure, domestic and international security and environmental issues. He served as a partner at the firm from 2009 to 2011. Prior to that, he held various executive positions with Norwegian Cruise Line Holdin...
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| FMC reviews 5 OTI license applications |
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Monday, June 10, 2013
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The U.S. Federal Maritime Commission has received five ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from CFR Rinkens, Paramount, Calif. (Maximiliaan Hoes, manager). The agency also received NVO/ocean freight forwarder license applications from Sig Global, Gardena, Calif. (James J. Oh, president); Super You Global, Palo Alto, Calif. (Hu Wang, chief execu...
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| Stifel: Shipper TMS use leads to 'surgical' truck pricing |
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Friday, June 07, 2013
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The way truckload carriers price their services has been affected by increased usage of transportation management systems (TMS), the transportation and logistics research group of the investment bank Stifel Nicolaus said in an industry wrapup Friday. “(Truck) pricing has become more technical/surgical as the usage of Transportation Management Systems has become more widespread across the universe of shippers,” the group wrote. “The days of shippers living year after year w...
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| Chairman: Collaboration key for global air cargo group |
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Wednesday, June 05, 2013
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As the new chairman of the Global Air Cargo Advisory Group (GACAG), Oliver Evans wants to build on the momentum created over the past two years and pave a clear path forward toward conquering new challenges. Evans, chief cargo officer of Swissport International Air Lines, assumed his new role when he recently took on the chairman position at The International Air Cargo Association. Atlas Air's Michael Steen served as the first GACAG chairman. GACAG, formed in 2011,...
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| Nardi named president of NYSA |
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Wednesday, June 05, 2013
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John Nardi was appointed president of the New York Shipping Association (NYSA) on Tuesday by its board of directors. Nardi, who has been executive vice president of NYSA since 2011, succeeds Joseph C. Curto. Nardi played a key role on the NYSA bargaining committee as it engaged in year-long negotiations with the International Longshoreman's Association (ILA), resulting in a new, six-year contract. Nardi has worked for 30 years in the maritime industry ...
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| New tankers could be run on LNG |
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Tuesday, June 04, 2013
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Continuing interest by U.S. shipping companies in natural gas to power ships was highlighted by the announcement by General Dynamic's NASSCO shipyard in San Diego last week that four, 50,000 DWT Jones Act product tankers that it is building for American Petroleum Tankers will be "LNG-conversion-ready." The contract includes options to build four additional ships. Construction of the first tanker is scheduled to begin in the third quarter of 2014, with deliveries scheduled to beg...
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| CaroTrans enters Philippines partnership |
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Tuesday, June 04, 2013
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The NVOCC CaroTrans said it has entered into a strategic alliance with Multifreight Consolidator System, Inc. (MFCSI), an NVOCC in the Philippines market. CaroTrans said the two companies "will offer fast, reliable, less-than-containerload (LCL) and full containerload (FCL) import and export cargo services between North America and the Philippines. A direct, weekly service to Manila departed Long Beach on May 24th with a transit time of 22 days. A Manila to Los Angeles se...
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| Expeditors poised for strong second half |
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Tuesday, June 04, 2013
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A “pristine” balance sheet, an increasingly sunny outlook from management, and a focus on costs and margin improvement are indications that Expeditors International is poised for a strong end of the year, according to analysts at BB&T Capital Markets. Customers have said they will start shipping more during the second half of the year, and BB&T analysts think Expeditors will pick up on some of the business that left their company when they were getting undercut on pricin...
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| FMC reviews 17 OTI license applications |
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Friday, May 31, 2013
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The U.S. Federal Maritime Commission has received 17 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from All International Solutions, Gardena, Calif. (Alexis F. Robin, president); and Trans Atlantic Shipping of Connecticut, East Hartford, Conn. (Robert Boateng, president). The agency received NVO/ocean freight forwarder license applications from Atlas...
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| ARINC releases new forwarder enterprise solution |
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Friday, May 31, 2013
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The Annapolis, Md.-based integration solutions provider ARINC Inc. this week introducted of e-Forwarder, a new solution that provides cargo operations management for small to midsized freight forwarders. The product is a client-server based platform that provides forwarders with a single, integrated solution for cargo management from initial cargo acceptance and waybill generation to final delivery to consignee. The solution allows users to efficiently manage both air and m...
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| Peruvian forwarder to use CargoWise cloud platform |
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Friday, May 31, 2013
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The Peruvian freight forwarder International Freight Shipping S.A.C. has adopted the cloud-based platform from logistics technology provider CargoWise. IFS in Peru, part of the IFS Group, will use CargoWise’s ediEnterprise. IFS has 5,000 international partners globally, and more than 1,000 active local customers. “After careful analysis of all available global freight forwarding systems we opted for ediEnterprise, through WiseCloud, because it provided all our staff...
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| Executive moves |
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Friday, May 31, 2013
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Air freight and express wholesaler AMI has promoted Darren Zieba to the newly-created position of global information technology project manager. Zieba will be based at AMI’s Chicago office and assumes responsibility for several major system projects, such as MyAMI and the global rollout of AMI’s online product Click2Ship. He will also head AMI’s central IT development team, based at its London headquarters. He has worked in aviation and air cargo IT for over 15 year...
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| UPS opens Chinese healthcare facility |
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Friday, May 31, 2013
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UPS has made a “significant expansion” to its Asian healthcare network by opening a 22,000-square-meter healthcare facility in Hangzhou, China, according to a press statement. The new facility, which was designed to meet the specific needs of pharmaceutical companies, features a fully automated tracking system. It is staffed by an on-site quality assurance team. "With many healthcare companies demanding rigorous supply chain solutions in China, we are seeing increas...
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| DHL confident in growth targets |
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Thursday, May 30, 2013
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At DHL’s annual general meeting, Frank Appel, the integrator’s chief executive officer, expressed confidence in previously announced earnings targets of 2.7 billion euros ($3.52 million) to 2.95 billion euros for 2013, despite the sour economy. Earnings targets for 2015 have been set at between 3.35 billion euros and 3.55 billion euros. Company growth will come from DHL’s new strategy, which is to help simplify customer services and expand the company’s network, fos...
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| PECO opens new PA depot |
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Thursday, May 30, 2013
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PECO Pallet has opened a new depot in Hazleton, Pa. The facility, located about 95 miles north of Philadelphia, offers services such as sorting, repairing, storing, and reissuing of pallets. It will be fully ramped up by July 1, the company said.
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| Descartes grows revenue, profits in 1Q |
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Thursday, May 30, 2013
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The logistics solutions provider Descartes Systems Group said its operating profit rose 9 percent year-on-year in its fiscal first quarter to $4.8 million. Descartes, whose quarter ended April 30, said revenue grew 14 percent to $34 million. Service revenue rose 9 percent to $30.1 million. Net income, meanwhile, rose 8 percent to $2.6 million. Fifty-one percent of Descartes’ revenue was generated in the United States, 37 percent in Europe, 10 percent in Canada, and ...
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| Wal-Mart fined for improper waste disposal |
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Wednesday, May 29, 2013
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Wal-Mart Stores has pleaded guilty to illegally disposing of hazardous materials at its U.S. retail stores and will pay $81 million for its six negligent violations of the Clean Water Act, according to the Environmental Protection Agency. In a related case, the company pleaded guilty in Missouri to disposing of pesticides that had been returned by customers in violation of the Federal Insecticide, Fungicide and Rodenticide Act. All in all, the company pleaded guilty in three cri...
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| Norbert Dentressangle acquires Fiege operations |
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Wednesday, May 29, 2013
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Norbert Dentressangle has purchased the Italian, Spanish and Portuguese logistics operations of Fiege for an undisclosed amount. By picking up Fiege Borruso and FLI spa, a pharmaceutical operation, in Italy, Norbert has doubled the size of its holdings in the country, making it the fourth largest logistics company in Italy. Fiege, which will still retain some logistics and air freight business in the country, generated Italian revenues of 95 million euros ($122.9 million) last y...
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| Private equity firm invests in Transplace |
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Tuesday, May 28, 2013
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The third party logistics company and truck brokerage Transplace said Tuesday it has tapped New York-based private investment firm Greenbriar Equity Group LLC as its new equity partner. Greenbriar acquired Transplace from an affiliate of CI Capital Partners, who joined with Transplace management in 2009 to buy the company from its original owners. Transplace was founded in 2000 by six of the largest freight carriers in the United States and provides full transp...
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| DHL to invest $180 million in Asia by 2015 |
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Tuesday, May 28, 2013
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DHL Supply Chain will invest 140 million euros ($180 million) in its Southeast Asian operations, adding seven new facilities among other projects, by 2015. The seven new facilities will be located in parts of Singapore, Malaysia, Thailand and Vietnam and will all be open by the end of the year. The company has already completed a 17,000-square-foot facility in Cimanggis, Indonesia. In addition to new developments, the company plans to invest in new information ...
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| New pharmaceutical facility in Luxembourg |
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Tuesday, May 28, 2013
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Luxair Cargo has opened the 4-million-euro ($5.12 million), 3,000-square-meter Healthcare and Pharma Center expansion at Luxembourg Airport on the strength of increased pharmaceutical business with Panalpina. Built within the company’s existing facility, the new development includes both a “controlled-room temperature” area and a space where the temperature is kept between 2 and 8 degrees Celsius. Over the past four years, Panalpina has seen a steady inc...
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| DCLI adds chassis to CCM's South Atlantic pool |
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Friday, May 24, 2013
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Starting June 1, the container chassis provider Direct ChassisLink, Inc. (DCLI) will contribute all of its chassis in the South Atlantic region to the Consolidated Chassis Management (CCM) pool, known as the South Atlantic Consolidated Chassis Pool (SACP). CCM said the addition of more than 7,000 former Maersk-owned chassis will increase the pool size to over 50,000 units, making the SACP the single largest cooperative chassis pool in the United States. DCLI was sol...
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| Cass: Linehaul rates up 2% in April |
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Friday, May 24, 2013
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Truckload linehaul rates rose 2 percent in April, continuing a slow but steady price increase seen the beginning of the year, according to Cass Information Systems. Intermodal only showed a slight bump of 0.3 percent in per-mile costs. Linehaul rates started the year with a 2.4-percent rise, which grew to 3.3 percent in February. Rates were up 2.2 percent in March. While rates are going up, the climb isn’t as steep at the increases seen from February to April l...
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| e-Invoicing standards group making progress |
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Friday, May 24, 2013
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The Ocean Freight Industry EIPP Standards Advisory Board (SAB), an independent organization of containerized shipping executives, on Thursday said it has made progress on several key electronic invoicing initiatives following its sixth bi-annual meeting in Hamburg, Germany, earlier this month. During the two-day gathering, the SAB reached several important milestones to advance the use of electronic invoicing in the industry. The group successfully formalized best practices...
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| Executive moves |
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Friday, May 24, 2013
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Americold, a temperature-controlled warehousing and logistics provider to the food industry, appointed Jed Milstein to executive vice president and chief human resources officer, and Jeff Hogarth to senior vice president for Asia-Pacific. Milstein joins Americold after serving as executive vice president of human resources for TransCentra, a billing and payments provider. Prior to this, he was the head of HR for Cerberus Operations and Advisory Co. Hogarth, a 23-yea...
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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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