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The value of trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 13.8 percent lower in November 2008 than in November 2007, dropping to $60.7 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. It’s the biggest year-t...
UPS reported fourth quarter net profit of $254 million compared to a loss of $2.6 billion in the same 2007 period. The company said fourth quarter 2008 revenue was $12.7 billion, down from $13.4 billion in the same 2007 period. UPS’s fourth quarter 2008 results include the impact of a $575 million non-cash impairment charge ...
Deutsche Bahn has signed an agreement to acquire PCC Logistics - Poland's largest privately owned rail company - for an undisclosed purchase price. PCC Logistics comprises several companies operating regionally and specialising primarily in the transportation of coal, chemicals and construction materials. The acquisition has been concluded pe...
Encompass Global Logistics, a fourth-month-old start-up based in Los Angeles, said Thomas DeMarino has joined the company as vice president business development and compliance. DeMarino was manager of ocean and air procurement for furniture retailer IKEA. He also founded the strategic purchase management team IKEA Global and was responsible for a...
Emergency shipment logistics specialist cargo-partner has opened a new office on the East Coast of India in Visakhapatnam. Also called Vizag, the city is home to one of India’s biggest ports, by tonnage, and becomes home to the 40th Asian office for cargo-partner, a subsidiary of the Lufthansa Group. Our presence in India is strongly li...
The U.S. cattle industry is cool on the U.S. Department of Agriculture's mandatory country-of-origin labeling (COOL) regulation, which takes effect on March 16. One of the biggest concerns is the potential market disruption to live cattle flows over COOL between the United States, Canada and Mexico. The U.S. beef export market to Mexico and Canada acc...
The Maryland Transportation Authority last week approved a toll increase for commercial trucks as part of a plan to raise $60 million per year to cover operating costs for the highway system. Truckers will face an increase of $3 to $13 at the state’s seven bridge and highway toll facilities, effective May 1. The agency said the increase is n...
Intermodal company Hub Group Inc. reported fourth quarter profit of $14.2 million compared to $18 million in the same 2007 period. Revenue for the quarter was $430 million compared to $445 million in the fourth quarter of 2007. Even in this difficult economic environment, during the fourth quarter we generated solid earnings, said David P. Ye...
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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