Business

AIR AMS Section 321 De Minimis IT Solution

Intellect Technologies, a leading U.S. Customs authorized service and global logistics technology solutions provider, has announced their latest innovation for their eCustoms platform. This state-of-the-art ACE/ABI compliant software solution introduces an eCommerce Section 321 DeMinimis Solution. What is Section 321? March 2016, US. Customs (CBP) published an interim final rule to change the duty-free value and taxes due of products imported into the U.S. from $200 to $800, known as DeMinimis Section ... [+]

Port of Virginia Sets New Annual Volume Record in 2018 Having Handled 2.85 Million TEUs

The Port of Virginia® set a new annual record for container cargo volume having handled more than 2.85 million TEUs in calendar year 2018, a slight percent increase over last year’s total. In 2018, the port’s TEU volumes were up .5% over the prior year. The ... [+]

World Container Index

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 5.7% to $1,689.95 per 40ft container (updated Thursday, 10 January 2019).   Two-year spot freight rate trend for the World Container Index: [+]

DB Schenker partners with Magento to boost e-commerce offering

DB Schenker recently announced a new strategic partnership with Magento, one of the world's leading providers of e-commerce platforms, to equip small and mid-size merchants with a powerful new extension. Combining DB Schenker’s fulfilment experience with global logistics markets with the powerful customization and flexibility of ... [+]

Port of Baltimore awarded $6.6m in federal funding

Maryland Governor Larry Hogan recently announced that the Maryland Department of Transportation Maryland Port Administration (MDOT MPA) will receive $6.6 million in U.S. Department of Transportation grant funding to contribute to a project that will deepen a second container berth to 50 feet at the ... [+]

Volga-Dnepr Group opens Operations Base at Houston George Bush Intercontinental Airport

Volga-Dnepr Group has opened an Operations Base at Houston George Bush Intercontinental Airport to give customers in North and South America faster and more economic access to its unique range of delivery solutions. The base is an expansion of the Group’s sales office, which was established ... [+]

GPA on track for 4.3m TEUS

The Georgia Ports Authority is on track to reach 4.36 million TEUS handled in 2018, its highest volumes ever in a calendar year. The performance would mean an increase of 8% (312,385 TEUs) compared to CY2017. "Cargo expansion related to growth in inland markets, as well ... [+]

Atran Airlines begins 2019 with the delivery of its fourth Boeing 737-400 BCF

Atran Airlines, the Russian air express carrier within Volga-Dnepr Group, has marked the start of the new year by taking delivery of a Boeing 737-400 BCF, enlarging its fleet to four freighters. The additional aircraft will support the carrier’s growing volumes, especially e-commerce shipments which now ... [+]

SEKO Logistics kicks-off a ‘transformative year’ in 2019 by acquiring GoodShip International

SEKO Logistics is starting a ‘transformative year’ for its global supply chain solutions business in 2019 by making the first full acquisition of another independent freight forwarding specialist in its 42-year history with the purchase of GoodShip International Inc., the Chicago-headquartered customs brokerage and compliance ... [+]

14 Port-Related Projects Awarded $229.23 Million in BUILD Infrastructure Grants

U.S. Transportation Secretary Elaine L. Chao announced on December 11 $1.5 billion in discretionary grant funding to 91 projects in 49 states and the District of Columbia. The grants, 14 of which will go to port-related projects, are made through the Better Utilizing Investments to ... [+]