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The U.S. Transportation Command said it has deployed a container security system that detects tampering and helps protect military container shipments moving from Afghanistan to Pakistan. USTRANSCOM, based at Scott Air Force Base, Ill., said it is using a security system provided by GE Security Inc. called CommerceGuard for intrusion detection and tra...
The International Finance Corp., a member of the World Bank Group, said Wednesday it has agreed to provide a $95 million financing package for a 120,361-square-meter logistics center project in Russia's Novosibirsk region. The package to Megalogix comprises $40 million in debt financing for IFC's own account and $55 million in syndicated loans. Megalo...
Canadian logistics software company Descartes Systems Group Inc. today reported net income of $1.4 million for its fiscal second quarter ended July 31, down from $1.7 million in the corresponding period a year ago. The company, which reports its financial results in U.S. dollars, recorded $500,000 deferred income tax expenses in both the first and sec...
UTi Worldwide Inc. said it had profit of $33.7 million in its fiscal second quarter ended July 31, compared to $27.7 million in the same period in 2007. Revenue for the period were 20 percent higher than the comparable 2007 period, $1.26 billion versus $1.04 billion. Net revenue increased 14 percent to $416.0 million from $365.1 million. Volume gr...
Turkey is studying a rail linkup with the six member nations of the Gulf Cooperative Council, according to a report Tuesday from the news agency The Media Line. The link would expand upon a proposed $6 billion rail network already being studied that would link the GCC countries: Saudi Arabia, Bahrain, the United Arab Emirates, Kuwait, Qatar and Oman. ...
YRC Worldwide, whose combined companies control the largest share of the U.S. less-than-truckload market, has axed 200 non-union jobs amid continuing recession in the trucking industry, according to wire service reports. Chairman and Chief Executive Bill Zollars told Bloomberg News that the cuts were necessary to keep the company's size commensurate w...
Cargolux Airlines International S.A., Europe's largest all-cargo airline, has added a second weekly service between its home base in Luxembourg and Miami, and will introduce more capacity from Asia to Vienna in Austria from mid-September. The second Miami service has been operational since July 24 and is operated out of Luxembourg on Thursdays at 3:30...
FedEx Express customers in Europe will now be able to reach major U.S. East Coast cities by the next day compared to two-business days following an upgrade of standard International Priority service, the overnight package and freight delivery provider said Tuesday. The service upgrade will also allow later cut-off times for pick ups of up to six hours...
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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