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Shipping line Hapag-Lloyd said it will begin to apply a booking cancellation fee, or BCF, for North American exports, starting July 1.The carrier will charge a US$25 fee per container if customers cancel, reduce or roll bookings three calendar days or less prior to the port cutoff as shown on the booking confirmation.Bookings are also subject to BCF and automatic cancellation/rolling/reduction in case any cutoff is not met including port ...
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Galveston Wharves said is spending more than US$90 million to update decaying or underused infrastructure and to maximize undeveloped acreage to grow its cargo business, as part of its 20-year strategic master plan.“We’re on the cusp of a new era of cargo growth for Galveston,” ...
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A bipartisan U.S. Senate bill would create a government-wide approach to monitoring, tracking and strengthening U.S. supply chains.The Promoting Resilient Supply Chains Act, introduced by Sen. Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science and Transportation; and Sen. Marsha Blackburn (R-Tenn.), a ...
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Swiss WorldCargo, the cargo unit of Swiss International Air Lines (SWISS), has launched a new route between Zurich and Toronto, Canada, as part of expanding its long-haul network served by SWISS and Swiss WorldCargo.The addition of Toronto to its international network will support SWISS airfreight ...
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A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of ...
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Hapag-Lloyd hasl unveiled its Strategy 2030, a comprehensive roadmap charting the course for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency in a rapidly evolving maritime industry.Over the past five years, the company has made significant progress in customer satisfaction, financial stability, ...
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The U.S. Department of Transportation’s Federal Aviation Administration has awarded another round of funding for 90 airport-related infrastructure grants, totaling US$186.7 million across 34 states.The projects are funded under President Biden’s Bipartisan Infrastructure Law Airport Infrastructure Grants (AIG) program, part of the US$25 billion total ...
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The Port of Brownsville has secured the first tenant, Westa Inc., at the port’s new 118-acre business park.Westa Inc., a major player in the agricultural industry, will invest US$20 million to establish an advanced wheat flour mill and wheat storage silos at the Port of ...
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Maryland’s Department of Transportation said May 2 that it estimates it will cost US$1.7 billion to US$1.9 billion to rebuild Baltimore’s collapsed Francis Scott Key Bridge, which was struck by a container ship in March.The state DOT said the estimate “is in line with similar ...
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Stevedoring, marine services and logistics provider Associated Terminals’ management group has purchased S.H. Bell Co. and its subsidiaries.S.H. Bell, founded in 1933, will continue to operate independently in its existing trade and under its name, and the management team will remain in place to manage ...
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