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Expeditors International of Washington Inc. reported second quarter profit of $71.2 million up 9 percent from $65.5 million in the same quarter of 2007. Revenue was $1.45 billion for the quarter up 16 percent from $1.26 billion in the same 2007 period. This was fundamentally a very strong and a very sound quarter, said Peter J. Rose, chairman an...
To accommodate increasing volumes of wind turbine components, the Duluth News Tribune reported that Lake Superior Warehousing Co. in the port of Duluth, Minn. received approval from the Duluth Economic Development Authority on Aug. 4 to lease 12 acres of property next to its facilities. The newspaper said that under the deal Lake Superior Warehousing ...
DHL has named Hans Hickler chief executive officer of its Global Customer Solutions organization. He will be responsible for customer relationship management of the group's largest customers worldwide, DHL said in a statement. In addition to this role, Hickler, based in Plantation, Fla., will also serve as chairman of the DHL Global Commercial ...
The Hong Kong operations of logistics company SEKO has set up a venture with the U.K. arm of SEKO, SEKO Synergy Ltd, to form a new Hong Kong-based company dedicated to increasing its market share in the Europe, Middle East Africa region. The new company, named SEKO Synergy Greater China Ltd, is located in the same building as SEKO Hong Kong and is exc...
Trailer Bridge Inc. reported a second quarter net loss of $329,000 compared to a net loss of $1.9 million in the same 2007 period, which included a non-recurring tax charge of $4.6 million. Revenue for the quarter was $33.9 million, 14.7 percent higher than the $29.6 million in the second quarter of 2007. Operating income was $2.2 million, down fr...
U.S. Customs and Border Protection has proposed new procedures by which harbor maintenance fee payments may be electronically submitted to the agency. The harbor maintenance fee was created by the 1986 Water Resources Development Act. The purpose of the fee, which is equivalent to 0.125 percent of a commercial cargo's declared value, is to help the g...
Republican lawmakers from the House Transportation and Infrastructure Committee urged the Ways and Means Committee membership to pass legislation that would exempt shippers who use domestic ocean transport services from paying the harbor maintenance tax. Under current law, all cargoes that are transported to a U.S. seaport are subject to HMT, a duty e...
Manitowoc Co. Inc., a Wisconsin-based company that makes diverse products from cranes to food service equipment, said it had signed an agreement to sell it shipyard division to the Italian shipyard Fincantieri in a deal valued at $120 million. Manitowoc Marine Group is a full-service shipbuilding, ship repair, and ship conversion organization that ope...
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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