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Expeditors International of Washington Inc., a global logistics company headquartered in Seattle, had profit of $85.6 million for the third quarter, a 15 percent increase over the $74.3 million earned in the same 2007 period. Revenue was $1.56 billion for the period compared with $1.41 billion in the same quarter of 2007. These results also show ...
Capitol Hill watchers are widely predicting that Sen. Joseph Lieberman will lose his chairmanship of the Senate Homeland Security and Governmental Affairs Committee after backing Republican Sen. John McCain instead of Barack Obama in the presidential race. Democrats are upset by the extent to which Lieberman publicly campaigned for McCain. Lieberman i...
The National Industrial Transportation League is the latest group to throw its support behind an economic stimulus bill weighted toward public works projects. The trade association, which represents companies involved in domestic and international freight transport, said it asked members of Congress to fund infrastructure projects such as roads, bridg...
Developing countries could react to the global financial crisis by leaning on customs services to raise more revenue and enforce stricter trade polices, Kunio Mikuriya, the World Customs Organization's secretary-general elect, said last week. There might be mounting pressure on customs administrations in developing countries to make more effort to sa...
The American Trucking Associations' said its seasonally adjusted for-hire truck tonnage index decreased 0.9 percent in September. It is the third consecutive month-to-month drop, and ATA Chief Economist Bob Costello said the recent decreases in truck tonnage are consistent with a recession. Costello forecasts a recession beginning in the 2008 third qu...
U.S. Customs and Border Protection officials believe they still have a narrow window to release a rule requiring advance international shipment data from importers despite a general Bush administration deadline for agencies to wrap up new rulemakings by the end of October. The agency has spent two years developing the so-called 10+2 rule designed to o...
According to The Baltic Course, the first stage of the implementation of the European standard railways Rail Baltica will begin already in 2010. It is foreseen to be finished in 2013. Rail Baltica project coordinator Pavel Telicka presented such prospects of the erection of the international railways at the conference held by the European Railways En...
The global financial crisis has created the need to adjust production and to improve productivity at the Nokian Tyres’ factory in Finland. Possible adjustment measures include lay-offs of approximately 1000 employees working at the Nokia factory in Finland from 21.12.2008 to 11.1.2009. In addition, Nokian car and van tyres division is upgrading...
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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