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| U.S., Canada to expand cargo pre-clearance to Peace Bridge |
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Wednesday, June 19, 2013
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A new test in the Pacific Northwest by U.S. Customs authorities to see how effectively and efficiently southbound trucks from Canada can be pre-cleared before crossing the border is limited to participants in the voluntary FAST security program, but will be open to all truck drivers when the pilot program switches after six months to a major crossing near Niagara Falls, the official in charge of the initiative said. On Monday, Customs and Border Protection officers began pr...
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| Concrete sector raises HOS issues in House hearing |
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Wednesday, June 19, 2013
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The U.S. Federal Motor Carrier Safety Administration’s new hours of service rules, which require truckers to take a 30-minute rest every eight hours and impose a 34-hour restart for truckers, goes into effect in less than two weeks. With the impending deadline fresh in their minds, the House Committee on Transportation and Infrastructure held a hearing Tuesday to get to the heart of the changes, what they will mean to trucking companies, and how they will affect the f...
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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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| 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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| Jaxport offers CEO job to former Horizon Lines exec |
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Tuesday, June 18, 2013
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The Jacksonville Port Authority's board of directors voted Monday morning to offer its chief executive officer position to Brian W. Taylor, a former executive vice president and chief operating officer of Horizon Lines, which is one of four carriers that offers shipping services between Jacksonville and San Juan, Puerto Rico. They also elected AT&T executive Joe York to serve as the next chairman, taking over from James Citrano on July 1. Taylor left Horizon in...
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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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| May ore loads on Great Lakes down over a year ago |
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Tuesday, June 18, 2013
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Shipments of iron ore on the Great Lakes totaled 6.4 million tons in May, an increase of 15.1 percent compared to April, the Lake Carriers’ Association said. However, the association noted the amount was a decrease of 6.6 percent compared to a year ago. Loadings also trailed the month’s long-term average by 4.8 percent. Shipments from U.S. ports totaled 5.8 million tons, a decrease of 2.9 percent compared to a year ago. The May total included 380,000 tons shipped t...
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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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| U.S-Canada begin truck pre-inspection pilot |
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Tuesday, June 18, 2013
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The United States and Canada on Monday began a limited demonstration program at the Blaine, Wash.-Surrey, British Columbia port of entry for pre-inspecting U.S.-bound trucks in Canada instead of on the U.S. side of the border, U.S. Customs and Border Protection announced. The first phase of the pilot program is designed as a "proof of concept" to determine the viability of assigning CBP officers to Canadian border facilities to pre-inspect trucks, drivers and car...
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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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| Washington Notebook: U.S.-EU trade talks to start next month |
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Tuesday, June 18, 2013
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U.S-EU free trade negotiations. The United States and European Union announced during the G-8 Summit in Ireland that they would begin formal trade negotiations the week of July 8 in Washington. U.S. and European Commission officials have been making preliminary plans for talks since the beginning of the year and the announcement follows final approval in recent days from the European Parliament. Completion of a Transatlantic Trade and Investment Partnership is expe...
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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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| Ag fee 'galling' to Canadian truckers |
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Monday, June 17, 2013
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The Canadian Trucking Alliance has voiced concerns over the cross-border trucking fees collected by the U.S. Animal and Plant Health Inspection Service (APHIS) and is worried they may soon increase. Truckers pay a fee of $5.25 to the U.S. agency every time they cross the border, according to the alliance, and a recent study that shows the fees aren't generating enough revenue could lead to a larger fee. The fees are assessed whether or not the carrier is carrying ...
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| EU gives green light to U.S. trade discussions |
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Monday, June 17, 2013
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The European Parliament has officially given the green light to begin formal talks between European and American officials toward the Transatlantic Trade and Investment Partnership. Official talks will now begin as soon as U.S. officials start negotiations, which means discussions will likely start next month or so, according to the European Union. EU member states also sent out a list of objectives the European Commission should follow when negotiating. ...
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| USDA takes steps to further balance sugar surplus |
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Monday, June 17, 2013
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The U.S. Department of Agriculture today announced actions to manage the domestic sugar surplus, as required by law, while operating the sugar program at the least cost to the government. “Record-breaking yields of sugar crops and a global surplus have driven down U.S. sugar prices and USDA is required to act to stabilize the domestic market. Today’s actions are designed to manage the sugar program while minimizing federal sugar program expenditures,” the department said. ...
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| Nicaragua canal targets big ships |
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Monday, June 17, 2013
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Developers proposing to build a new canal across Nicaragua are targeting operators of large ships that will not pass even through the new set of locks being build at the Panama Canal. "It has become imperative to develop and construct a wider and deeper interoceanic canal to support bigger load weight and generate greater efficiency," said Wang Jing, the chairman and chief executive officer of HKND Group, in a statement posted on his company's Website . Last w...
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| Menzies workers vote to strike |
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Monday, June 17, 2013
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Close to 90 percent of the union workers who voted have decided to strike at Menzies World Cargo. The Heathrow-based workers are upset their pay has been frozen for the last two years. “Our door is always open, but time is running out," Oliver Richardson of Unite, Britain's largest trade union, said in a statement. "Unless we get some movement in the next few days we will have no choice but to announce a strike date. It is completely unreasonable for a successful co...
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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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| Truckers celebrate C-TPAT reporting changes |
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Friday, June 14, 2013
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Canadian and U.S. truckers have complained about punitive measures following C-TPAT (Customs-Trade Partnership Against Terrorism) security breaches, and the Department of Homeland Security has agreed to make suspension or removal from the program not immediate. The department has also published a document outlining the measures it will take when security breaches occur. Carriers had been concerned about the lack of transparency involved in security-b...
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| Supreme Court strikes down parts of clean truck program |
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Friday, June 14, 2013
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The U.S. Supreme Court ruled Thursday in favor of the American Trucking Associations (ATA) in the group’s effort to turn back the Port of Los Angeles' efforts to regulate the drayage trucking industry. In 2007, the port created a Clean Truck Program that required trucking companies operating at the port to enter into concession agreements. The concession agreements made a number of requirements on drayage companies including these five: that they be emplo...
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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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| Ex-Im Bank helps small Tennessee exporters |
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Friday, June 14, 2013
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The U.S. Export-Import Bank has signed a City/State Partnership with the Tennessee Small Business Development Center to help boost jobs in the state by promoting exports. "The partnership will bring foreign markets within reach of Tennessee businesses and support thousands of local small-business jobs,” said Ex-Im Bank Chairman and President Fred P. Hochberg in a statement. The Tennessee Small Business Development Center (TSBDC) program is headquartered a...
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| GAO checks in on nation's bridges |
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Friday, June 14, 2013
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Last year, one in four of the more than 607,000 bridges that dot the United States was deemed deficient and is either racked with structural issues or is so obsolete it isn't suitable for traffic. In a recent report, the Government Accountability Office found there has been some improvement to bridge safety — the number of deficient bridges has decreased in the past decade — but there are still funding issues. And the overall funding picture is murky at best. &nb...
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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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| Midwest truck rates to rise |
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Thursday, June 13, 2013
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For the next few weeks, increased activity in the Southern Midwest due to the wheat harvest season will drive up rates, according to bulk freight industry watchers. Many carriers in the area will be tied up as part of harvest programs that pay double the usual truck rates. Wheat harvest season will start within the week in Northern Texas and Southern Oklahoma, according to reports. Some in the industry are predicting a larger-than-usual crop for Kansas. ...
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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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| U.S. facilitates exports to help Syrians rebuild |
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Thursday, June 13, 2013
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The U.S. State Department on Wednesday announced a new limited waiver of the Syria Accountability and Lebanese Sovereignty Restoration Act of 2003 (SAA) to allow the export and re-export, under license, of certain reconstruction-related items for the benefit of the Syrian people. Consistent with Section 5(b ) of the SAA and the May 11, 2004 Executive Order 13338, the waiver authorizes the Commerce Department’s Bureau of Industry and Security to issue licenses on a case-by-case b...
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| FAA searching for unleaded jet fuel |
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Wednesday, June 12, 2013
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The U.S. Federal Aviation Administration is asking fuel producers worldwide for help in transitioning the aviation industry to unleaded fuel. The administration is seeking a way to replace the current 100 octane low-lead fuel for most of the general aviation fleet by 2018. Parties have until July 1, 2014, to submit proposals. By September 2014, the FAA will choose 10 participants for phase-one laboratory testing. Two fuels from this first phase will move on t...
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| U.S. imports drop 2% in May |
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Wednesday, June 12, 2013
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U.S. containerized import volume in May fell 2.2 percent year-on-year but was still the highest volume of imports so far in 2013, according to statistics from the trade intelligence firm Zepol. “For the first two months of the year imports were up 7 percent over 2012, but in the last five months imports are only up 0.04 percent overall,” said Zepol’s Chief Executive Officer Paul Rasmussen. “With holiday orders being placed soon, we’ll likely see increased imports...
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| TIGER requests exceed available funding |
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Wednesday, June 12, 2013
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The U.S. Department of Transportation said Tuesday that the fifth round of TIGER grants is oversubscribed once again, with 568 applications from around the country seeking more than $9 billion for infrastructure projects for a program that only has $474 million in available funding. The deadline for public and private entities to submit applications was June 3. States, local governments, port authorities, metropolitan planning organizations, transit agencies and other grou...
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| EU paves way to Single European Sky |
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Wednesday, June 12, 2013
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The number of flights in the European Union are predicted to increase by 50 percent in the next 20 years, and the European Commission has taken action today to jumpstart its Single European Sky solution to this pending capacity issue. The commission recently proposed updating the Single European Sky regulations and amending rules governing the European Aviation Safety Agency. The proposals, which are grouped under the name, SES2+, are to lead to better safety and oversight, enh...
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| Environmental groups sue over LA rail terminal |
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Tuesday, June 11, 2013
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Enviornmental groups, including the Natural Resources Defense Council filed a lawsuit on Friday in Los Angeles Superior Court challenging plans to build the Southern California International Gateway railyard project . NRDC complained the project "violates the California Environmental Quality Act and the state and federal Civil Rights Acts, and will increase cancer rates, chances of children developing asthma, and add to chronic air pollution plaguing the region." &nb...
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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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| G20 lagging behind in trade, study finds |
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Tuesday, June 11, 2013
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Of the 20 nations in the G20, a group that has pledged to roll back protectionist trade measures, only Canada ranks among the top 20 trade markets in the world, according to the International Chamber of Commerce’s 2013 Open Markets Index . The biennial index, which was created to follow up on open-trade pledges by governments, ranks 75 countries according to openness to foreign investment, trade-enabling infrastructure, trade policy and overall trade openness. The countries are ...
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| Great Lakes coal loads fall 11.3% in May |
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Tuesday, June 11, 2013
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Shipments of coal on the Great Lakes totaled 2.6 million tons in May, a decrease of 11.3 percent compared to a year ago, according to the Lake Carriers’ Association. Coal loads from Lake Superior ports totaled 1.6 million tons, just slightly below the level of a year ago. Included in that total were 250,000 tons loaded in Superior, Wis., and transshipped to Québec City for loading into oceangoing colliers. Exports to Europe from Superior total 536,000 tons through May, the asso...
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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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| 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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| Express carriers to help shape U.S. export policy |
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Monday, June 10, 2013
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The Express Association of America (EAA), representing the four largest integrated express carriers, DHL, FedEx, TNT and UPS, said it is forming an Export Committee to manage policy issues that effect shipping products from the United States. “Over the past year, the U.S. government has made significant changes to the export controls regime for dual-use items and also is discussing changes to the information requirements for all products being exported,” Michael Mullen, executi...
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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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| Trade nominee faces Senate confirmation panel |
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Friday, June 07, 2013
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President Obama’s nominee for U.S. Trade Representative, Michael Froman, spent Thursday on Capitol Hill telling the Senate Committee on Finance that his goals of promoting growth and bolstering the economy will be achieved by renewing Trade Promotion Authority and making sure pending free-trade agreements come to fruition. Obama tapped Froman, who has been serving as deputy national security advisor for international trade and economics, to run the agency on May 22. According to...
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| Seaspan sees big demand for efficient ships |
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Friday, June 07, 2013
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Gerry Wang, the chief executive officer of Seaspan, one of the world’s largest builders and charterers of containerships, told financial analysts that while freight rates are depressed, there is no shortage of demand for efficient new vessels. Referencing the price war on the Asia-Europe trade, he said ships are still loading up by 75-80 percent, and said in other industries it might be possible to make money by increasing prices, but “because of some stupidity” among operators...
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| VPA gates to open late June 12 |
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Friday, June 07, 2013
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Port operations will be put on hold for a half day on June 12 at the Port of Virginia so that port management and users can talk with longshoremen about market conditions, industry trends and efficiency at the port, the Virginia Port Authority announced this week. The meeting will be held in Portsmouth at 8 a.m., and terminal gates will be closed until noon. The date was chosen because vessel traffic that day will be light, Hampton Roads Shipping Association Presid...
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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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| Intermodal grew 3% in May |
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Friday, June 07, 2013
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Last month, intermodal traffic rose 3 percent, year over year, to 1.21 million containers and trailers, according to the Association of American Railroads. May’s weekly average for intermodal traffic stood at 242,823 containers and trailers, the highest result the AAR has recorded. Carloads finished the month at just more than 1.4 million units, a 0.7-percent increase over May 2012. Out of the 20 major commodities tracked by AAR, 11 increased in May, with the bigge...
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| Brazil offers ship-efficiency grant |
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Friday, June 07, 2013
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The Brazilian government has launched a $41 million real ($19.24 million) grant program intended to boost its competitiveness in the shipbuilding industry by generating new technology and equipment for vessels. According to a statement, the goal is to increase jobs in shipbuilding as well as increase the efficiency of the ships themselves. Individual proposals, which must be submitted by June 21, will be capped at $3.3 million real. “Proposals will be selected...
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| Yucatan cucumber exports rise |
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Friday, June 07, 2013
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Grup Maritim TCB, a global marine terminal operator, said Mexican cucumber exports to the United States and Europe from its terminal at Puerto Progresso on the Yucatán peninsula reached a record high of 1,490 TEUs during the harvest season between November and April. The containers held about 30,000 tons of the vegetable. The previous export record was 1,271 40-foot containers in the 2008/09 season.
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| Japanese retailer buys U.S. logistics firm |
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Thursday, June 06, 2013
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The Japanese online retailer Rakuten is set to acquire Las Vegas-based online fulfillment firm Webgistix for an undisclosed amount. Rakuten Chief Executive Officer Hiroshi Mikitani unveiled the deal at an e-commerce event in Chicago. Webgistix’s five facilities located throughout the U.S. will give the Japanese retailer a large footprint in the country. According to new reports from the conference, Mikitani hopes to expand Rakuten to 27 countries in the...
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| FCA use grows as shippers seek more control |
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Thursday, June 06, 2013
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Shippers are increasingly using the free carrier (FCA) Incoterm in their freight contract rather than the free on board (FOB) designation, according to an executive with Ryder. In a blog entry this week , Lee Williams, director of business development for the retail division of Ryder Supply Chain Solutions, wrote that companies sourcing in Asia are turning to the FCA designation to start taking more control of their supply chain. Using FCA essentially means the buye...
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| ICS: Green regulations could cost $500 billion |
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Thursday, June 06, 2013
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Masamichi Morooka, the chairman of the International Chamber of Shipping (ICS), said this week that new legislation to protect the environment could potentially cost the shipping industry $500 billion between 2015 and 2025. “As many companies struggle to survive during the difficult years ahead, we must persuade governments to avoid placing yet more straws that risk breaking the shipowner’s back — and the straws to which I refer are the impending costs of environmental legislat...
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| Kings Point names advisory board |
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Thursday, June 06, 2013
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The U.S. Merchant Marine Academy, which has been rocked by a series of controversies in recent years, most recently evicting the school's alumni association from campus , has a new advisory board. U.S. Transportation Secretary Ray LaHood named seven persons to the board, which he said will "help the academy achieve its strategic plan goals. Their experience and expertise will further its mission to educate and graduate the best-qualified merchant marine...
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| Educating to prevent cargo theft |
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Thursday, June 06, 2013
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To combat the estimated $5 billion yearly cost of cargo crime in Canada, the Insurance Bureau of Canada and the Provincial Auto Theft Network have banded together to offer annual training sessions. Red Flags at the Roadside II, held Wednesday, focused on cargo theft prevention and investigation. Officials hope to deter criminals from Canada’s $65 billion trucking industry, which, according to a report from FreightWatch International, saw an 18-percent jump in theft between 2011 ...
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| Cass: Freight voulmes up in May |
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Wednesday, June 05, 2013
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North American freight volumes rose by 2.9 percent last month when compared to April, while expenditures stayed relatively flat, with an increase of .04 percent, according to the May issue of the Cass Freight Index Report . Compared to the same month last year, however, May’s shipment volume declined by 0.3 percent; expenditures also dropped, showing a 2.6-percent decline. Rail, and the shipment of crude oil, had a lot to do with increased volumes in May. Cru...
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