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Agriculture shippers are eager for Capitol Hill lawmakers to approve the pending U.S.-South Korea free trade agreement now that the South Korean government has agreed to accept imports of American beef products. While this is momentous news for the U.S. beef industry, it also clears one of the major obstacles to the approval of a formal free trade agr...
The U.S. Export-Import Bank on Friday approved a $2.2 billion Indian Infrastructure Facility that will support U.S. exports to India. The loan covers Indian projects in sectors such as power and renewable energy generation, oil and gas development, small aircraft, airport development and health care. The move will see eight Indian financial instit...
An APL container loaded with export bananas was torched by rebels as it moved from the Philippine town of Compostela to Davao City, Philippine news outlets reported over the weekend. The alleged assailants apparently disengaged the reefer container from the truck (which was owned by APL Logistics), then poured gasoline on it and set it ablaze to prote...
Going into court, Peter Scharf's defense may have seemed a little unconventional: I forgot the machine gun was in the trunk of my Porsche. A federal jury on Thursday, however, agreed with Scharf. Jurors took two hours to acquit the 43-year-old Nevada man on two federal charges of automatic weapons transportation and smuggling. Scharf was arres...
Japan Airlines agreed to plead guilty and pay a $110 million fine for its role in an international air cargo price fixing scheme, the U.S. Justice Department announced. In February 2006, the Justice Department and European Commission launched a global investigation of possible price fixing of cargo fuel surcharges and other fees in the U.S. and Europe...
British Airways World Cargo will increase its fuel surcharge to 0.66/$1.00/1.00 euro, effective May 1. The airline said the increase follows a second consecutive week that its fuel index has been above the level 20 threshold. Fuel prices continue to rise, making it necessary to increase our fuel surcharge, in line with the index, said Adam Carson,...
IBM and OATSystems have announced that Airbus has selected them to provide a software solution for a multi-million dollar, multi-year RFID project that will help streamline Airbus’s supply chain and manufacturing operations and significantly reduce its aircraft production and maintenance costs. The project represents the manufacturing industry’s single la...
The two companies will continue working as distinct entities keeping their respective brands and range of services. German company DHL has acquired company Cargus, operating on the local courier services market, Mediafax informs. The acquisition the value of which has not been disclosed will be completed after the parties involved have received the ap...
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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