Press Releases
Port Tracker Says Container Imports Will Decline This Month | Journal of Commerce
Containerized imports at the major U.S. gateways will decline in February, but volumes will pick up in the spring, according to the Global Port Tracker. The analyst expects trade volume by mid-year to be up a modest 0.5 percent compared to the same period last year.
ISAF : DB Schenker Becomes An Official Supplier To The International Sailing Federation
ISAF is the governing body for the sport of sailing. It provides information on World Standings, Race Officials, Sailors, Olympic Classes
TIFIA Grant Requests Outpace DOT Supply 107-to-1 | Journal of Commerce
Requests to Department of Transportation for infrastructure loans in fiscal 2013 outpaced supply nearly 107-to-1, as Congress and President Obama push to increase funding for the agency’s program.
UPS Acquires European E-Commerce Provider | Journal of Commerce
UPS recently acquired Kiala, a Brussels-based provider of goods bought on the Internet, as the parcel giant attempts to tap growing e-commerce in Europe. Kiala delivers packages to delivery points where consumers can pick them up at their leisure, instead of having to be at home or the office to
Echo Global Logistics Sales Top $600 Million in 2011 | Journal of Commerce
New customers, higher truck freight volumes and significant rate hikes pushed revenue at Echo Global Logistics up 41 percent last year to $602.8 million. The third-party logistics operator more than doubled its profit in 2011. Non-GAAP net profit rose 118.4 percent year-over-year to $11.9 million
Port of LA Container Traffic Rises 5 Percent | Journal of Commerce
Containerized traffic at the Port of Los Angeles increased more than 5 percent year-over- year in January, as a ramp-up of Asian manufacturing ahead of the annual Chinese New Year celebration boosted exports. Imports increased 5.3 percent and exports were up 5.9 percent compared to January 2011 at
Shippers Doubt Asia-Europe Rate Push Will Take | Journal of Commerce
Excess vessel capacity and rate wars will doom liner efforts to hike rates on Asia-Europe services, said several shippers and forwarders. Most major carriers have now announced either rate or surcharge hikes of $700 to $800 per 20-foot equivalent unit to be applied on Asia-Europe services, starting
Stalled Indian Terminal Project Moves Ahead | Journal of Commerce
The path for the long-stalled development of a container terminal at the Port of Jawaharlal Nehru (Nhava Sheva) was cleared after the Indian Supreme Court rejected DP World’s appeal to review its rejected tender offer.
Boehner Pushes Surface Transport Vote Back a Week | Journal of Commerce
Facing shaky support for his surface transportation bill, House Speaker John Boehner said he will delay the vote on the $260 billion, five-year package until after President’s Day, according to published reports.
Poultry, Egg Exports Hit Record in 2011 | Journal of Commerce
U.S. poultry and egg exports jumped 17 percent to a record $5.1 billion in value last year, as shipments of chicken and turkey hit record levels. Overall poultry shipments rose 17 percent in value to $4.91 billion.
