Friday, April 29, 2016
Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).
The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).
Posted on 04/29 at 12:11 PM
March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.
Posted on 04/29 at 11:32 AM
global trade •
OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.
Posted on 04/29 at 09:40 AM
Supply Chain •
The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.
Carloads saw a 17.1 percent annual decline to 230,599, and intermodal containers and trailers were off 6.3 percent at 261,347.
Thursday, April 28, 2016
Trucking CEO's speak out on how regulations affect productivity at NASSTRAC Shippers Conference and Transportation Expo in Orlando this week.
Quarterly revenue was up 3.2 percent annually at $14.4 billion, with earnings per share up 13 percent at $1.27 for the fifth straight month of UPS growth (ahead of Wall Street expectations of $1.22 per share), as well as setting a new record for the first quarter.
Wednesday, April 27, 2016
In the wildly unstable ocean cargo carrier arena, it appears that the CKYHE Alliance is going to remain in place…for the time being.
Tuesday, April 26, 2016
Another mobile phone app has been developed to get truckers out of line at the Port of Oakland. The difference this time: it’s the brainchild of a harbor driver.