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| Echo Global profit up 43% in 2011 |
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Wednesday, February 22, 2012
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Echo Global Logistics said it had a profit of $3.5 million in the fourth quarter of 2011, a 33.4 percent increase over the $2.6 million earned in the same 2010 period. Revenue in the quarter was $162.9 million, 43.1 percent higher than in the same 2010 period. The Chicago-based company said that for the full-year 2011 it had a profit of $12 million, 43.3 percent more than in 2010. Revenue was $602.8 million in 2011, 41.4 percent more than the prior...
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| Suri joins cargo-partner in India |
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Wednesday, February 22, 2012
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The international transport and logistics company cargo-partner has appointed Rakesh Suri as its new managing director India. Suri was most recently chief operating officer at Hellmann Worldwide Logistics India, and prior to that, director and COO of HTL Logistics India. Germany-based cargo-partner specializes in forwarding (including transportation and warehousing) for complex cargo movements.
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| Cheetah’s mobile platform updates Ward |
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Wednesday, February 22, 2012
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Cheetah Software Services, a provider of information technology, has delivered the next version of its mobile application to Ward Transport and Logistics, a regional trucking company. Running on the Android platform, Cheetah Mobile connects field workers with dispatch, customer service, management, and customers through two-way messaging, dynamic ETA updates, and POD verification. Ward is running Cheetah Mobile on Android tablets because they provide la...
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| U.S. Customs eyes two more CEEs by October |
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Wednesday, February 22, 2012
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The number of Industry Integration Centers for Excellence and Expertise within U.S. Customs devoted to centralizing the import process for trusted shippers could double to four this fiscal year, Acting Deputy Commissioner Thomas Winkowski recently said. Customs and Border Protection last fall established two Centers of Excellence and Expertise (CEE) - one in New York that deals with the pharmaceutical industry and one in Los Angeles responsible for electronics - as ...
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| Drewry: Expect reliability to fall as rates rise |
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Wednesday, February 22, 2012
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The advisory and research company Drewry said shippers should expect reliability levels to fall as rates rise, if recent research is an indicator. “When rates have been good for carriers, reliability has been below par, while the two best on-time results have occurred in periods when prices have been on the floor,” Drewry Supply Chain Advisors said in its February Logistics Executive Briefing. “While the historical results do leave plenty of room for improvement, it is c...
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| U.S.-South Korea FTA enters force March 15 |
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Wednesday, February 22, 2012
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The White House on Tuesday said the U.S.-South Korea free trade agreement will enter into force on March 15. The announcement followed the completion over the President’s Day weekend of work by the United States and South Korea to review each other’s laws and regulations related to the implementation of the agreement. The United States has exchanged diplomatic notes with South Korea in which each side confirmed that they had completed their legal requirements and proc...
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| CBP proposes changes to in-bond rules |
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Wednesday, February 22, 2012
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U.S. Customs and Border Protection on Wednesday published a notice of proposed rulemaking that would make substantial changes to the way imported merchandise is transported inland under a bond, enabling the cargo owner to defer payment of duties until it reaches the destination port or is exported. The primary fixes involve making the in-bond process electronic and tightening up procedures to better track merchandise and prevent diversion. In the past, CBP has...
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| Boeing enters supply chain finance guarantee program |
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Wednesday, February 22, 2012
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U.S. aircraft manufacturer Boeing will participate in the U.S. Export-Import Bank’s Supply-Chain Finance Guarantee program, which provides competitively priced working capital financing to suppliers of goods or services to U.S. exporters. Ex-Im Bank approved the Boeing supplier program in September 2011 with an initial capacity of $740 million. The bank can guarantee up to 90 percent of that capacity. Citibank N.A. will serve as the lender operating the program for Boein...
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| Ex-Im Bank offers credit pilot to small exporters |
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Wednesday, February 22, 2012
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The U.S. Export-Import Bank will provide small exporters with revolving credit through a new product called Global Credit Express (GCE). "This new product will provide additional liquidity for eligible American exporters and access to financing at a reasonable cost," said Bank Chairman Fred P. Hochberg, in a statement. Through GCE, small business exporters may be eligible for a revolving line of credit of up to $500,000 for 6 to 12 months. During t...
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| Shipping analyst sees brighter 2012 for Asia-U.S. trade |
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Wednesday, February 22, 2012
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Trenck A leading shipping analyst said last week he expects the transpacific trade to perform better in 2012 than it did in 2011. “I feel better about the U.S. short-term than many other areas of the globe,” Charles de Trenck, founder of Hong Kong-based Transport Trackers, wrote in his 2012 forecast. “The political cycle is also bound to distort the picture – and may hurt prospects for needed deeper budget cuts. The U.S. in 2012 will be a year of politics when it would be tough...
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| Export reform update at Silicon Valley seminar |
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Wednesday, February 22, 2012
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The U.S. Commerce Department’s Bureau of Industry and Security Undersecretary Eric L. Hirschhorn on March 1 will meet with leading Silicon Valley companies to update them on the reform of the country’s export control regulations. The two-hour seminar, scheduled from 6 p.m. to 8 p.m. at SAP in Palo Alto, Calif., is sponsored by Women in International Trade – Northern California. The seminar will include a preview of proposed rulings and how companies are impacted by the e...
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| Supply chain changes save Banner $41.5 million |
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Wednesday, February 22, 2012
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Phoenix-based Banner Health said it saved $41.5 million in a single year through a partnership that focused on reducing supply chain costs, eliminating clinical variations and improving the overall quality of care delivery. Banner said by partnering with Premier, a performance improvement alliance of more than 2,500 U.S. hospitals and 81,000-plus "other" healthcare sites, it gained access to a range of new practices and tools for its logistics management, including ...
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| MercuryGate looks to Asian markets |
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Wednesday, February 22, 2012
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MercuryGate International, a transportation management solutions (TMS) service provider, has announced a partnership with JFE Pfe Ltd., a supply chain services provider, to create MercuryGate Asia Pacific. MercuryGate has operated in the Pacific Rim region for some time, but said the move was to add a global face forits TMS in the region, as well as to better support existing customers there. Based in Singapore, MercuryGate Asia Pacific ...
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| LMI expands in U.S. southeast |
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Wednesday, February 22, 2012
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Government logistics services provider LMI will establish a southeast region office via its recent acquisiton of Belzon Inc., a government consultancy in Huntsville, Ala. LMI, which focuses on defense and intelligence, health care, homeland security, energy and environment, and civil government work, said the purchase was finalized, but did not disclose financial terms. Belzon has done work in logistics planning, readiness management, program ...
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| Wisconsin 3PL integrates TMS |
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Wednesday, February 22, 2012
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W.I.S. Logistics, a third party logistics (3PL) company in Wisconsin, has signed a deal to use Transite’s JaguarTMS as its transportation management system. W.I.S. said that support for online LTL rating, carrier selection, shipment tender, bills of lading and tracing were key in its decision. The 3PL offers a variety of services including consulting, distribution, transportation and logistics management for shippers across North America. The ...
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| Drewry opens Shanghai office |
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Wednesday, February 22, 2012
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London-based advisory and research company Drewry said Tuesday it has opened a new office in Shanghai. “Through this new site, Drewry is now better placed to serve key clients, while also using local market knowledge to support international clients,” the company said. “Drewry is no stranger to the Chinese market, having built long-established relationships over the past decade and completed numerous assignments for leading organisations, while also jointly organising the annual...
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| ICS chairman calls for shipbuilding moratorium |
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Tuesday, February 21, 2012
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Spyros M. Polemis, chairman of the International Chamber of Shipping, is calling for a moratorium on new ship construction. Speaking at the a shipping conference in Athens, which was sponsored by the Financial Times of London, Polemis said "until the crisis is over we do need a moratorium on new orders for ships that have no economic purpose. “Current markets would appear to be demonstrating just how seriously damaging the oversupply of s...
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| Expeditors' 4Q results reflect weak demand |
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Tuesday, February 21, 2012
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Expeditors International of Washington reported a profit for the fourth quarter ending Dec. 31 of $92.8 million, 4 percent less than the same 2010 period. Revenue for the quarter was $1.5 billion, down 5 percent, while net revenue was $476 million, a 5 percent increase. For the full year, the company had a profit of $385.7 million, a 12 percent increase over 2010. Revenue was $6.15 billion in 2011, up 3 percent over 2010, and net revenue was $1.9 billion, up...
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| TCC wins key decision in MQC claims pursuit |
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Tuesday, February 21, 2012
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The shuttered transpacific liner carrier The Containership Co. earlier this month won a decision in U.S. Bankruptcy Court that could help the line recoup lost revenue from its former shipper customers. On Feb. 10, a U.S. Bankruptcy judge in New York found in favor of Norway-based TCC in a motion filed by a group of its customers, who were seeking to have to breach-of-contracts proceedings moved before the Federal Maritime Commission. U.S. Judge Sean Lane denied the motio...
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| IBM buys Worklight for mobility strategy |
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Tuesday, February 21, 2012
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IBM has entered an agreement to buy Worklight, an Israel-based enterprise mobile applications development firm. IBM said Worklight will become an "important piece of IBM's mobility strategy," and estimates in the Israeli press put the company's value at about $70 million. Worklight builds HTML5 apps plus the middleware and security features to support them, including data management and analytics services. The HTML5 platform allows apps to wor...
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| TNT reports $230 million 4Q loss |
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Tuesday, February 21, 2012
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Days after it rejected an acquisition bid from UPS, the Dutch document and package carrier TNT Express said it had a loss of 174 million euros ($230 million) in the fourth quarter of 2011, compared to a profit of 4 million euros in the same 2010 period. Revenues were 1.87 billion euros in the fourth quarter, 2.3 percent more than the same period a year earlier. For the full-year 2011, the company lost 272 million euros, compared to a profit of 69 m...
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| Foss ship resumes voyage after repairs |
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Tuesday, February 21, 2012
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Delta Mariner , the ship that slammed into a bridge across a reservoir on the Tennessee River last month, has resumed its voyage to Port Canaveral. United Launch Alliance, the joint venture between Boeing and Lockheed Martin that charters the ship from Foss Maritime to move rocket components from its manufacturing location in Decatur, Ala. to Cape Canaveral and Vandenberg Air Force Base, Calif., said Delta Mariner , is expected to arrive in Port Canaveral on Feb. 23...
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| Dachser names Diaz U.S. air cargo head |
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Tuesday, February 21, 2012
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Dachser Transport of America (Dachser USA) has appointed Mickey Diaz as director of U.S. air freight. "This new position will better serve our customers, as Mickey is great asset for our shippers to meet the demands of logistics challenges faced in the U.S. market," said Frank Guenzerodt, president and chief executive officer of Dachser USA, in a statement. Diaz will continue her responsibilities with Dachser’s Latin America development. She has been in the ...
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| IAG cargo app goes live |
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Monday, February 20, 2012
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IAG Cargo, which combines British Airways World Cargo and Iberia Cargo, has launched a free iPhone and Android phone application that allows customers to track air freight documented on both carriers' air waybills. The app gives real-time tracking information on shipments via waybill numbers and barcodes, while also allowing companies to plan their next shipments. Customers can select their origin and destination, and the app will display a wide choice of...
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| Ports help Georgia land new Caterpillar plant |
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Monday, February 20, 2012
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Access to the ports of Savannah, Ga., and Charleston, S.C., played a key role in Caterpillar Inc.'s decision to build a new plant in Athens, Ga., the company said Friday. The 1 million-square-foot facility will manufacture small track-type tractors and mini-hydraulic excavators and employ 1,400 people when fully operational. The announcement also underscores the recent phenomenon of near-shoring, the slowly growing trend of some U.S. man...
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| Inspectors stop bee threat at U.S. port |
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Monday, February 20, 2012
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The U.S. honeybee population is safer today after U.S. Customs officers at the Port of Norfolk in Virginia recently intercepted a red mason bee hitchhiking in a container of household goods from the United Kingdom, the agency said. It is the first known interception of the red mason bee, which is commonly found in the United Kingdom, and is not established in the United States. Inspectors found the insect within a rolled rug and called in agriculture specialists to ident...
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| SAP launches consumer app |
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Monday, February 20, 2012
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Last week, SAP launched its first consumer app, Recalls Plus. Recalls Plus addresses the often cumbersome process of tracking consumer goods recalls via a new engagement system with share options and social networking. It also allows consumers to track recalls on individual products, product categories, and food allergens on mobiles. While doing this, SAP brings this information to consumers directly, bypassing all manufacturers a...
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| NY/NJ port authority puts toll violators on notice |
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Monday, February 20, 2012
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Deadbeat truckers, bus companies, vehicle rental businesses and motorists who have racked up thousands of dollars of unpaid tolls at bridges and tunnels in the New York City metropolitan area are now having their identities exposed to shame them into compliance. The Port Authority of New York and New Jersey on Friday published its list of top toll violators , who collectively owe about $5 million. Several small trucking firms involved in goods transportation are named. &nbs...
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| MSC offers through B/L to Richmond, VA |
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Monday, February 20, 2012
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Mediterranean Shipping Co., the second largest container line in the world, has created a bill of lading for shippers originating and terminating cargo at the Port of Richmond, Va., according to the Virginia Port Authority. The carrier is essentially making the shipping process more convenient by offering to take responsibility for arranging the inland move between Richmond and the Port of Norfolk, where MSC's ocean-going vessels pickup and discharge containers...
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| SPD starts Indian supply chain, 4PL platform |
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Monday, February 20, 2012
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SourceProcureDeliver.com (SPD), based in Mumbai, India, has launched a new supply chain and distribution platform. The service is initially aimed at suppliers looking to enter the Indian market. SPD said companies currently face a risky choice of either shipping stock against confirmed advance paid orders or entering the market on their own without an existing order base. SPD’s platform introduces a supplier to its target segment and tak...
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| WOW names business development director |
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Monday, February 20, 2012
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WOW Logistics has appointed Mike Gebhardt as its director of business development. Gebhardt, previously with OHL and Saddle Creek Corp., comes to WOW with a background in the warehousing and distribution industry. Based in Appleton, Wis., WOW is a third party logistics services firm with 7 million square feet of warehouse space in 23 locations across three states.
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| Motorola radios highlight device trends |
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Monday, February 20, 2012
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Motorola Solutions unveiled its SL Series portable radio and its new XPR 5000 mobile radio to address new issues in the modern logistics environment. The two devices fall under its MOTOTRBO umbrella that focuses on voice quality, extended battery life, and a large application developer program aimed at increased productivity and enhanced worker safety. The SL Series weighs less than the average smartphone, and Motorola said it's aimed the slim design at...
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| Unisys seeks India port deal |
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Monday, February 20, 2012
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Unisys Corp. is in talks with India’s shipping ministry to provide security systems to domestic ports to avoid traffic congestion and piracy threats, according to a report in India’s Economic Times . The project involves drawing a port-security roadmap for threats, as well as a vessel traffic management system, with a deal possibly signed by March, according to the report.
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| Performance Team transloads in Charleston |
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Friday, February 17, 2012
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Third-party logistics provider Performance Team will open a container transloading facility at the Port of Charleston to shuttle cargo from ocean containers to truck trailers for distribution throughout the Southeast. Performance Team will operate from the Wando Welch Terminal's container freight station and handle both import and export cargo. Performance Team said transloading cargo onsite will increase its efficiency, reduce costs, and...
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| Zumiez takes e-commerce to Kansas |
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Friday, February 17, 2012
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Zumiez, a specialty retailer of sports related apparel, footwear, equipment, and accessories, will relocate its e-commerce fulfillment operations from the company’s headquarters in Everett, Wash., to the Kansas City area this May. Zumiez will lease a 153,000-square-foot space and create 100 new jobs in the area. Zumiez said it is moving to better address its online business needs and increase the speed of products it delivers throughout the United States. "T...
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| Analyst: $13.1 billion for smart transport |
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Friday, February 17, 2012
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A study by Pike Research, a market research and consulting firm, found that intelligent transportation systems (ITS) will continue to see increased investment worldwide despite tightening purse strings. Pike estimates global investments in smart transport technology will reach $13.1 billion from 2011 through 2017. ITS, also called smart transportation systems, includes electric vehicles, vehicles with advanced telematics systems, new and ...
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| FMC reviews 15 OTI license applications |
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Friday, February 17, 2012
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The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from AA Shipping, Houston (Barbara C. Mozie, president); Eagle Van Lines, Temple Hills, Md. (Christos Georgeakopoulos, vice president); J.K. Moving & Storage, Sterling, Va. (Charles S. Kuhn, president); NIT Logistics, Hackensack, N.J. (Esra Terer, corporate secretary); and TBIF, Bozeman, Mont. (Way...
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| Grant helps LTL carrier buy natural gas trucks |
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Friday, February 17, 2012
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Central Freight Lines, a less-than-truckload carrier based in Waco, Texas, announced Thursday it will test 15 compressed natural gas tractors with the help of a grant from the Houston-Galveston Area Council. If the Peterbilt tractors perform well under operational conditions, the company said it may buy another 200 of these low-emission trucks for use in South Texas. The regional coordination agency is using $17.5 million in federal funds to subsidize f...
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| OD puts solar panels on warehouse |
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Friday, February 17, 2012
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Old Dominion Freight Line's warehouse in Thomasville, N.C., will be able to offset more than 90 percent of its energy costs with the help of recently installed rooftop solar panels, the company said. The 1.8 megawatt system is the first foray into solar energy for the less-than-truckload carrier, which has an extensive network of cross-docks around the country. It can produce more than 2.2 kilowatt hours of electricity a year. The project is the t...
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| TNT rejects acquisition bid from UPS |
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Friday, February 17, 2012
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The Netherlands-based document and small package delivery company TNT Express said Friday it received and rejected an unsolicited acquisition bid from UPS. Atlanta-based UPS offered 9 euros per share, TNT said, or a total of about 4.99 billion euros ($6.4 billion). TNT said its supervisory and executive boards "carefully considered the indicative proposal and explored its rationale, merits and risks for shareholders and all other stakeholders...
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| Imperial, GIBS partner on supply chain program |
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Friday, February 17, 2012
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The Johannesburg, South Africa-based Gordon Institute of Business Science (GIBS) and Imperial Logistics, a logistics services provider, have launched a Supply Chain and Logistics Program to provide teaching and research in the fields of logistics, supply chain management, and transportation management. The goal of the program is to raise awareness of supply chain management systems for firms in the Southern and greater Africa regions, and also create supply chain ...
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| Torque appoints Boland freight head |
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Friday, February 17, 2012
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The Leeds, U.K.-based logistics company Torque has appointed Paul Boland as its new head of freight. Boland has been with Torque for more than 10 years and will oversee imports, exports, air/sea, and courier services. He will also take charge of the architecture and implementation of Torque’s purchase order management system, which will be rolled out across Europe, Asia and India later this year.
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| Menlo promotes in South Asia |
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Friday, February 17, 2012
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Menlo Worldwide Logistics, the logistics subsidiary of Con-way Inc., has promoted Thomas Koh to director of business development, and Chuan Peng Low to director of solutions and information technology for its South Asia organization. Both Koh and Low joined Menlo in 2005.
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| C-TPAT to be recast as 'all-threats' program |
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Thursday, February 16, 2012
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The U.S. Customs-Trade Partnership Against Terrorism could evolve beyond a program focused on supply chain security to one that encompasses all types of threats associated with international trade, David Aguilar, acting commissioner of U.S. Customs and Border Protection, recently said. Plans to widen the scope come as the program prepares to take a $5 million hit, according to the Obama administration's fiscal year 2013 budget proposal released this week. &nbs...
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| Port truckers in Seattle end protest |
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Thursday, February 16, 2012
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The Port of Seattle announced that cargo operations and deliveries returned to normal Wednesday as a contingent of port truck drivers ended a two-week work stoppage to protest pay and safety conditions. An estimated 300 to 400 drivers that shuttle containers between the port, local warehouses and rail ramps walked off the job Jan. 31 in an effort to get classified as employees instead of independent contractors and draw attention to alleged occupational hazards such...
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| U.S., EU seal organic food trade |
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Thursday, February 16, 2012
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The United States and European Union on Wednesday announced that starting June 1 organic products certified in Europe or the United States may be sold as “organic” in either region. The United States and Europe are considered the world’s largest producers of organic crops, with a collective value of $52 billion (40 billion euros). The agreement’s signing took place at the BioFach World Organic Fair, the largest trade show for organic products in the world. &...
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| Elemica launches TMS |
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Thursday, February 16, 2012
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Elemica, a supplier of supply chain integration and optimization services, has introduced its new Elemica Transportation Management solution (ETM) that’s based on Oracle’s transportation management service. The service is available as a subscription offering and promises to optimize logistics and transportation processes. The ETM provides visibility over the logistics order lifecycle and anticipates the needs of its customers, largely the chemical industry.
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| A2b, Kigo lace tighter together |
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Thursday, February 16, 2012
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A2b Fulfillment will now provide Kigo Footwear with inventory management and fulfillment support. An existing agreement required third-party logistics provider A2b to provide Kigo with warehousing, storage, and shipping services. Kristin Serrano, Kigo's chief operating officer, said the company’s recent growth necessitated outsourcing. She said the footwear manufacturer was “forced …to decide which tasks are the most important for us to do an...
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| Sylectus, MacroPoint partner on new service |
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Thursday, February 16, 2012
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Florida-based Sylectus, a unit of Qualcomm Enterprise Services, has reached agreement with MacroPoint to offer an “intuitive" fleet tracking application for trucking companies. Sylectus said the offering will allow 3PLs, fleet owners and managers, freight brokers, and carriers to track loads and drivers without requiring any new hardware or long-term contracts. The application will offer a “pay-for-play” model that can add location tracking to any existing transportation...
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| CargoWise pulls in Lasso |
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Thursday, February 16, 2012
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CargoWise, a technology provider for logistics service companies, has announced a new deal with Lasso Logistics to implement its hosted ediEnterprise service. Lasso, which operates supply chain and product services across Australia and China, said it chose CargoWise to improve efficiency in its international operations. Lasso’s move away from legacy systems and to a technology partner that can provide software growth is part of a growing trend...
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| Conviction upheld in waterfront mob case |
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Thursday, February 16, 2012
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The U.S. Second Circuit Court of Appeals has upheld the conviction of Michael Coppola who was found guilty by a jury of racketeering and sentenced to 16 years in jail in 2009. The court said Coppola was found guilty after a jury trial in the U.S. District Court for the Eastern District of New York "of conducting and conspiring to conduct the affairs of the Genovese organized crime family through a pattern of racketeering activity evidenced by the use of extortion ...
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| CMB considers next step for aviation group |
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Thursday, February 16, 2012
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Compagnie Maritime Belge (CMB) said it plans to grow its aircraft and aviation services company ASL Aviation Group. Antwerp-based CMB entered the passenger and cargo aviation business in 1998, and it’s been one of the fastest emerging operations in the company’s transport assets portfolio. CMB is known in the maritime industry for its fleet of post-Panamax-, cape- and handy-size bulk vessels. ASL is a joint venture between CMB (51 percent) and 3P Air Freight...
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| ITC: U.S. makers hurt by washers from South Korea, Mexico |
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Wednesday, February 15, 2012
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The U.S. International Trade Commission has determined that there is a “reasonable indication” domestic manufacturers of large residential washers imported from South Korea are allegedly subsidized and sold in the United States at less than fair value. The ITC also determined similar washers imported from Mexico, while not subsidized, are also sold at less than fair value in the United States. The commission made its determination in a 4-1 vote on Fr...
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| Wind turbine tower imports hurt U.S. makers, ITC says |
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Wednesday, February 15, 2012
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The U.S. International Trade Commission has determined there is a “reasonable indication” that domestic manufacturers of utility-scale wind turbine towers are injured by imports allegedly subsidized by China and from both China and Vietnam sold in the United States at less than fair value. The commission made its determination in a 5-0 vote on Friday. As a result, the Commerce Department will continue its investigations on imports of these products, wit...
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| Leavitt, Park City build food and drug visibility |
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Wednesday, February 15, 2012
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Leavitt Partners and Park City Group have paired to create a joint solution to improve supply chain visibility for food and drug safety. The partnership will leverage Park City’s product "synchronization" technology that maintains inventories, tracks product movement, and is used to settle financial transactions among buyers. Leavitt Partners, a health care and food safety consulting firm, said the firms will start with a database of seller and b...
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| Kewill receives validated Oracle integration |
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Wednesday, February 15, 2012
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Kewill, a provider of global trade and logistics services and a Gold-level member of Oracle PartnerNetwork (OPN), announced it has achieved Oracle Validated Integration of Kewill Flagship with the Oracle E-Business Suite 12.1. Kewill Flagship provides an enterprise parcel shipping service for Oracle’s E-Business Suite users and the validated integration allows for the system to give easier implementations, lower costs, and improved ease of use. The validated...
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| APL Logistics offers shipment planning tool |
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Wednesday, February 15, 2012
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APL Logistics on Wednesday unveiled a new shipment planning platform aimed at changing the way large freight buyers coordinate their transportation activities. The company’s ShipmentOptimizer will allow shippers to generate the best shipment plan according to three variables: Cargo arriving at final destination on the preferred date. Maximization of space and load utilization. Minimization of overall transportation costs on a door-to-door basis. "This technology inn...
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| UP's $200 million Investment In South Louisiana |
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Wednesday, February 15, 2012
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Union Pacific plans to invest $200 million in South Louisiana to meet current and expected shipper demand from the petrochemical plants along the Mississippi River. Louisiana Gov. Bobby Jindal and UP Chairman James R. Young announced the investment Tuesday. Jindal said "rail lines are the backbone of the chemical and manufacturing industries in Louisiana, and Union Pacific's expansion will allow the railroad to better serve key plants along the Mississi...
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| Obama signs FAA bill |
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Wednesday, February 15, 2012
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President Obama signed into law Tuesday legislation reauthorizing the Federal Aviation Administration for $63 billion over four years and paving the way for accelerated development of the NextGen air traffic control system. The FAA Modernization and Reform Act of 2012 sets the direction and spending priorities of the agency for the first time in a decade. The previous multi-year blueprint expired more than four years ago, requiring almost two dozen short-term extens...
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| E-commerce half of UK parcel peak by 2016 |
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Wednesday, February 15, 2012
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Internet retailers and other e-commerce services will generate half of the United Kingdom's parcel volumes in the pre-Christmas peak within five years, according to Global Freight Solutions (GFS). The study by GFS, a U.K. parcel and carrier manager, found the number of packages sent by e-commerce firms during November and December last year increased 15 percent from 2010. Director Simon Veale said Web retailers accounted for 37 perce...
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