Media
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MINNEAPOLIS , MN —Continuing to strengthen its cross-border capabilities, C.H. Robinson Worldwide , Inc. has acquired certain assets of International Trade & Commerce, Inc. C.H. Robinson, one of the largest non-asset based third party logistics companies in the world, made the announcement late last week, noting that &nbs...
Charlotte , North Carolina — Maersk Line plans to launch its new chassis pool arrangement throughout the Northeast next month. As reported in LM last month, Maersk Line announced that it would implement a program to change its longstanding chassis fleet business model in the U.S. Now it is official. On Monday, Augu...
Louisville , KY — CEVA Logistics has launched the operation of an inbound manufacturing support facility for Ford Motor Company ’s Kentucky Truck plant. The Louisville operation, which is located in close proximity to the plant, provides small lot market place replenishment, container management as well as just...
JACKSONVILLE , Fla. — CSX Corporation told shareholders that d ue to a double-digit traffic decline, r evenue and earnings fell off steeply. Spokesmen for CSX said second quarter earnings of $308 million, or 78 cents a share, versus $385 million, or 93 cents a share, last year. Excluding the impact of discontinued operations...
Less-than-truckload transportation and logistics services provider YRC Worldwide wants an additional 5 percent wage cut, an 18-month pension contribution freeze and a reduction in health and welfare contributions termination period as part of its fight for survival. The wage cut, on top of a 10 percent wage giveback approved earlier this year, would ...
Mediterranean Shipping Co (MSC) is said to have pushed back deliveries for some of its mega boxships on order. MSC chairman Gianluigi Aponte told Italian media that deliveries of the largest containerships have been delayed by few months and up to a year. "For ships that were imminent, those for delivery in 2009 and 2010, we have been able to postpone f...
Ethiopian Shipping Lines (ESL) is in talks with a Chinese shipyard to buy cancelled newbuildings. The national carrier has been wooed by an unnamed Chinese yard looking to find a home for cancelled ships. It is offering nine vessels to ESL, with payments to be made over 10 to 15 years, local media reported. The company currently operates nine ships, cons...
Israel ’s Zim Integrated Shipping Services has received the first consignment of its twelve-vessel order with the arrival of ‘Zim Los Angeles’. The 8,400 TEU vessel is the first mega container vessel owned by the company and will be followed by the delivery of ‘Zim Djibouti ’ in two weeks’ time. This 10,000TEU co...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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