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The U.S. Commerce Department said Thursday that third quarter real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 0.3 percent, a sign that the country may be entering a recession. In the second quarter real GDP rose 2.8 percent. Most economist...
Con-way Freight, the less-than-truckload subsidiary of Con-way Inc., has promoted William R. Wynne to vice president of marketing. Wynne, a 20-year industry veteran, joined Ann Arbor, Mich.-based Con-way Freight in September 2007 as director of marketing. Prior to that, he headed the marketing for Ford Racing Technology. Source: American Shipper ...
Brussels-based Cargo B Airlines said Monday it will dry lease a 747-400 freighter from Nippon Cargo Airlines. The freighter, scheduled to be delivered toward the end of the year, will be employed on South American routes and will take over from an existing 747-200 that will be phased out during 2009, the airline said. We are currently operating th...
Canadian Pacific said it had third quarter profit of C$172.7 million ($134 million), down from C$218.6 million in the same 2007 period. Revenues were up to C$1.26 billion ($980 million) compared to C$1.15 billion in the same 2007 period. Our pricing gains and focused cost containment helped offset declines in bulk volumes, said Fred Green, preside...
UPS announced Monday it is the first transportation company to purchase a hydraulic hybrid vehicle that shows promise in significantly reducing fuel consumption and greenhouse gas emissions. The world's largest package delivery company said it plans to order seven of the prototype delivery vehicles and begin testing them in real-world driving conditio...
A congressional watchdog recommended that the U.S. Commerce Department suspend a special export compliance that exempts licensing requirements for certain approved Chinese importers until end-user verification requirements are firmly in place. Commerce launched the validated end user program in June 2007. The VEU covers a list of 31 entries on the Com...
A shipment of enriched uranium large enough to make six nuclear weapons recently made its way from Hungary to a facility in Russia, Associated Press reported last week. The shipment of nuclear material is part of a joint effort by the United States and Russia to recover spent fuel rods around the world that are considered vulnerable to security breach...
The U.S. government needs to streamline and ease bureaucratic rules that make it difficult for the private sector to access federal credit to build intermodal freight and other infrastructure projects, a former Maritime Administration official said last week. Several financing programs available for railroads, port operators and other entities to inve...
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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