Taxonomy: Infrastructure

Executive Moves: CSX and World Shipping Council

Chairman of the board elected to lead railway; managing director hired in Singapore.

Executive Moves: CSX and World Shipping Council

Chairman of the board elected to lead railway; managing director hired in Singapore.

Executive Moves: CSX and World Shipping Council

Chairman of the board elected to lead railway; managing director hired in Singapore.

 
   John J. Zillmer has been elected chairman of the CSX Board of Directors. He will assume the chairmanship when Edward J. “Ned” Kelly III retires in January, following the release of CSX’s fourth-quarter earnings.
   Kelly has served on the board for more than 16 years, including 10 years as either presiding director or chairman.
   “Particularly over these past two unprecedented years, Ned’s leadership has been principled, judicious and no less than extraordinarily consequential. We are indebted for his stepping up to extend his service through this critical period and will miss him,” said Paul C. Hilal, vice chairman of the board.
   Zillmer was among five new directors appointed to the CSX board in March 2017 as part of an agreement with Mantle Ridge LP. Zillmer formerly was the chief executive of Univar.
   “He is an expert in strategies for business optimization and process improvement. His operational transformation of Allied Waste Industries became an industry benchmark,” CSX said.

   Tim Wickmann has joined the World Shipping Council as its managing director.
   Wickmann, who has worked in various leadership positions in international liner shipping for the last three decades, most recently served as CEO of MCC Transport, the intra-Asian arm of Maersk Line, now called Sealand.
   He will work at WSC’s new office in Singpore. WSC also has offices in Brussels and Washington, D.C.

Current [U.S.] truckload supply now materially exceeds truckload demand, contract rates exceed spot rates, and conversations will likely be migrating towards ‘carrier of choice’ over the course of the year.

Spot container rates from China/East Asia to the U.S. West Coast stood at $1,531 per FEU as of May 10, up 10.6% year-over-year, while rates from China/East Asia to the U.S. East Coast totaled $2,926 per FEU as of May 10, up 22.2% year-over-year, according to the Freightos Baltic Index.

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Executive Moves: CSX and World Shipping Council

Chairman of the board elected to lead railway; managing director hired in Singapore.

Oct 09, 2018 on Dec 27, 2018AmericanShipper.com

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Executive Moves: CSX and World Shipping Council

Chairman of the board elected to lead railway; managing director hired in Singapore.

Oct 09, 2018 on Dec 27, 2018AmericanShipper.com