President-elect Barack Obama on Monday officially named Gov. Janet Napolitano of Arizona to head the Department of Homeland Security. She had been named in numerous media reports the past two weeks as Obama's pick for the position. Napolitano also previously served as Arizona attorney general and U.S. attorney for Arizona, where she le...
Economists finally declared what most Americans already knew from daily life: the United States is in a recession. What is more surprising is the fact that the nation has been in recession since December 2007, according to the National Bureau of Economic Research (NBER). The declaration of a recession was made despite the fact that the...
To demonstrate the technical feasibility of the system, Deutsche Bahn and the Netherlands-based infrastructure operator KeyRail tested 1,000-meter long freight trains on the Betuweroute between Oberhausen and Rotterdam for the first time last weekend. Project GZ1000 is being financed by the Federal Ministry of Economics and Technology. An increase in tran...
Deutsche Bahn CEO Hartmut Mehdorn said freight capacity will be cut by 40% in December 2008. Many reservations of freight trains have been cancelled. Deutsche Bahn will extend Christmas break and considers to reduce the number of temp workers. Deutsche Bahn seems to be affected by production cuts of automotive, steel, chemical and paper industry, Logistic...
Trucking company YRC Worldwide Inc. said Friday its Yellow Transportation, Roadway, Holland and New Penn units reached a tentative agreement with the Teamsters to modify their labor agreement. Bill Zollars, YRC Worldwide's chairman, president and chief executive officer, said the pact will establish a more competitive cost structure allowing us to a...
German rail operator Deutsche Bahn said it has conducted a test run with a 1,000-meter freight train -- 3,281 feet or more than a half-mile -- between the Port of Rotterdam and the city of Oberhausen, Germany. The project, funded by the German government, is designed to analyze the technical, operational and economic feasibility of using ve...
SAS Cargo said last week it has expanded its e-freight program to cover all shipments routed in and out of Sweden, Norway and Denmark since September, meaning the carrier has essentially gone paperless. The Scandinavian airline was a founding member of International Air Transport Association's e-freight initiative and had been pilot-testing t...
Cathay Pacific Airways on Friday said it would idle freighters, pare back the frequency of passenger services, and offer pilots voluntary unpaid leave to combat a serious downturn in business as a result of the global financial crisis. The Hong Kong-based airline also said it will defer the construction of the new Cathay Pacific Cargo Terminal at Hong Ko...
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