Archives



Business

Maersk, WMU Partner to Fight Corruption

A new partnership between Maersk Line and the World Maritime University will provide anti-corruption training to maritime officials from around the world. The project, titled CORA, has been long underway, explains Kristin Berglund, Senior Legal Advisor in Maersk Line. With approvals now in place from both the World Maritime University (WMU) as well as Maersk Line management, detailed planning can commence, and students will be exposed to the new modules from ... [+]

HANSA HEAVY LIFT Opens Two New Offices, Appoints New Commercial Agent

HANSA HEAVY LIFT is continuing its global expansion program with new offices in Brazil and the UAE and with the appointment of a new commercial agent in Colombia. The new office in Rio de Janeiro, Brazil is headed by Marcello Marano, Business Development Manager, while the ... [+]

CSX and Partners Celebrate Groundbreaking, Construction of Pittsburgh Intermodal Rail Terminal

CSX joined with Allegheny County officials, local and state partners and members of the Stowe Township and McKees Rocks communities on December 4 to celebrate the construction of the Pittsburgh Intermodal Rail Terminal. The $60+ million facility, which is expected to commence operations in 2017, ... [+]

2 Million TEUs: New Record Set by Port of Houston Authority

As of December 10, the Port of Houston Authority has surpassed 2 million TEUs handled for 2015, setting a new record and solidifying its position as the leading container port on the U.S. Gulf Coast. The unprecedented performance so far in 2015 beats the previous record ... [+]

PFG Streamlines Distribution with Descartes Cloud-Based Mobile Solutions

Descartes Systems Group recently announced that Performance Food Group Company (PFG),one of the largest foodservice distributors in the United States, is streamlining its national distribution operations using Descartes Food Perform™ and Descartes Electronic Vehicle Inspection Reporting™ (Descartes eDVIR™). "With one of the largest private truck fleets ... [+]

China Approves Consolidation, Reorganization of COSCO and China Shipping Group

China has approved the consolidation and reorganization of China Ocean Shipping Group (COSCO) and China Shipping Group to create one of the world’s largest container lines with a combined revenue of more than $40 billion. This move is an indication of China’s intention to overhaul inefficient ... [+]

Air Cargo Continues to Flat-line

The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo volumes measured by freight tonne kilometers rose just 0.5% in October compared to a year ago. Year-over-year expansion fell back from September’s faster growth rate, and total cargo ... [+]

IATA: Cargo continues to flat-line

The International Air Transport Association (IATA) has released data for global air freight markets showing that air cargo volumes measured by freight tonne kilometers rose just 0.5% in October compared to a year ago. Year-over-year expansion fell back from September’s faster growth rate, and total ... [+]

Dry Bulk Shipping Not Expected to See Profitability Before 2017

The gloomy outlook for the dry bulk shipping market continues to afflict shipowners and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry. Ship owners continue to struggle to recover their ... [+]

Congress Passes Surface Transportation Bill, Reauthorizes Ex-Im Bank

News hailing from December 3: Congress has passed a long-term reauthorization of the Export-Import (Ex-Im) Bank and surface transportation bill. Groups, such as the Washington Council on International Trade (WCIT) and its members – farmers, manufacturers, retailers and service providers from across Washington state – celebrate ... [+]

More »