Logistics News

Despite sanctions, Iranian volume up 11pc in 2010 to 3 million TEUJun 9, 2011

IRANIAN container volume increased 11 per cent year on year in 2010 to a record breaking three million TEU, with an overall 12 per cent general cargo hike in non-oil cargo to 97 million tonnes, reported London's CargoSystems.net. Private sector investment in Iran's port sector came to US$57 million, according to Seyed Ataollah Sadr, managing director o...

US imports up 8.7pc with Chinese exports driving big share of increaseJun 9, 2011

CONTAINERISED imports to the United States grew 8.7 per cent in April to 1.4 million TEU after a three per cent year-on-year decline in March. April imports from China boosted the overall result 10 per cent compared to same period 2010. Nearly 60,000 TEU was attributed to car part shipments from China, up 48 per centto 11,803 TEU, according to PIERS Data,...

APL president Eng Aik Meng resigns, north Asia chief Ken Glenn succeed...Jun 9, 2011

SINGAPORE-based NOL Group has announced the resignation of Eng Aik Meng as president of its APL container shipping business to be effective September 1, and the current North Asia president Kenneth Glenn will succeed him. "We understand Aik Meng's desire to begin a new phase in his career, and we thank him for his contributions to NOL," said Group CEO Ro...

Geodis Wilson acquires One Source LogisticsJun 8, 2011

Global freight forwarder Geodis Wilson has strengthened its position in the US market by taking over domestic transportation specialists One Source Logistics. “This acquisition is a strategic fit to Geodis Wilson”, said John Gallahan, regional vice-president Geodis Wilson Americas. “One Source Logistics significantly strengthens our c...

Virgin in Strategic cargo partnershipJun 8, 2011

Virgin Atlantic Cargo will manage Brisbane-based Strategic Airlines cargo activities, complimenting the London-based carrier’s existing partnership with V Australia. The new agreement supports Virgin Atlantic Cargo’s strategy of growing global size and reach by acquiring complimentary capacity, the airline said in a statement. Under the term...

West Coast ports hike OffPeak gate chargesJun 8, 2011

Marine terminal operators in Los Angeles and Long Beach have raised the traffic mitigation fee to US$60 per TEU to sustain the continued operation of off-peak gate movements. The adjustment was imposed at the weekend and is the first increase in the traffic mitigation fee (TMF) since 2006, the ports said. In a statement, the ports said hourly labour cos...

OWL receives the President’s “E” Award for export service excellenceJun 8, 2011

Ocean World Lines (OWL), a global, single source NVOCC (non-vessel operating common carrier) and subsidiary of Pacer International, announced that it has received the President’s “E” Award for outstanding contribution to U.S. exports by the U.S. Department of Commerce. This is the most prestigious award given by the U.S. government to comp...

Chongqing airport to build third 3,800-metre runway by 2015Jun 8, 2011

CHONGQING airport plans to build a third, 3,800-metre runway by 2015 to meet the demands of new larger, aircraft coming on stream, reports Xinhua. The airport also plans to spend CNY1 billion (US$154.4 million) on building a 170,000-square metre cargo terminal on a 36.4-hectare site inside the Chongqing Airport Bonded Area. The first phase project coveri...

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