Archives



August 2020

July 2020: Air Cargo Prices per kg dropping by 9%

World ACD reports that since air cargo developments started to completely go "off the charts" in March 2020, every month the question arises whether the next month will be a bit more normal, whatever 'normal' may mean. Going by the worldwide month-over-month (MoM) figures for July, one could be tempted to answer positively: July's volume was 8.2% above June's, while last year's July figure was 5.5% MoM. However, the July-volume ... [+]

Maersk revamps Europe to Middle East & Indian Subcontinent

A.P. Moller - Maersk announces improvements to its network between Europe and the Middle East & Indian Subcontinent (West Central Asia). The aim is to enhance reliability while building a network that helps customers with more resilient and agile supply chains. The updated network will connect more cargo via ... [+]

NFI Acquires CAI Logistics

NFI has completed the acquisition of CAI Logistics, the non-asset logistics division of CAI International, Inc. that generates more than $100 million in annual revenue. By acquiring CAI Logistics, NFI expands its suite of supply chain services, specifically enhancing its brokerage, intermodal, and global freight forwarding capabilities across North ... [+]

PANYNJ Financial Results for First Half

The Port Authority of New York and New Jersey released its six-month financial results which revealed an approximately $777 million decline in revenues through June 30, 2020 as compared to the agency’s budget, with additional losses against 2020 Budget expected through the balance of the year. Since the full force ... [+]

Port of Los Angeles to work Manufacturers/Technology Association

The Port of Los Angeles and the California Manufacturers & Technology Association (CMTA) have formed a partnership to help support both organizations’ efforts to manage and further streamline the supply and provision of personal protective equipment (PPE) during the current COVID-19 pandemic. The Memorandum of Understanding (MOU) also calls for ... [+]

Port of Los Angeles July Volumes Strongest of 2020

The Port of Los Angeles moved 856,389 TEUs in July, the busiest month thus far of 2020. It was also the second-best July in the Port’s history, trailing July 2019 by 6.1%. “Fewer canceled sailings and 11 additional ‘ad hoc’ or unscheduled ship calls helped drive both imports and exports higher ... [+]

Saudi Cargo expands scheduled flights; adds Shanghai to network

Saudia Cargo has expanded its cargo network with the addition of Shanghai station to its flight schedules which commenced August 15. Saudia Cargo now operates two flights a week, Saturdays and Tuesdays, originating from Riyadh’s King Khalid International Airport and Jeddah’s King Abdulaziz International Airport to the new destination using a ... [+]

New South Port Connector Road for Port of Brownsville

Construction for the South Port Connector Road began on August 10, a critical project aimed at improving urban traffic and access to the Port of Brownsville. The $25.6 million project is made possible by a partnership of the Brownsville Navigation District (BND), Cameron County, the Cameron County Regional Mobility Authority (CCRMA), ... [+]

Fumigation requirements to Australia

CMA CGM informs its customers that in response to the rapid expansion of brown marmorated stink bug (BMSB) throughout Europe and North America, Australia authorities have issued guidelines and instructions for the 2020/2021 high risk season (Sept. 1, 2019 to April 30th, 2020) to prevent infestations. As with previous BMSB risk ... [+]

Hector Midolo – new CEO Latin America for Bolloré Logistics

Bolloré Logistics announces the appointment of Hector Midolo as CEO Latin America. Hector Midolo is an accomplished logistics executive with a career of increasing responsibility and a proven track record of over 30 years in the region. He has a well-developed, diverse background bringing a strong commercial acumen and operations ... [+]

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