Freight Management
NOL and APL Receive Industry Accolades
Neptune Orient Lines (NOL), and its container shipping subsidiary, APL, this week received top prizes at the Asia Logistics Awards 2006. NOL was lauded for Ethical Responsibility and APL was named Shipping Line of the Year at a gala ceremony in Singapore attended by more than 300 senior representatives of the global logistics and freight transportation industries. NOL’s supply chain management business APL Logistics was also a finalist in the Seafreight Forwarder and 3PL of the Year categories. The annual awards are based on votes cast by the readers of leading supply chain management publication Lloyd’s Freight Transport Buyer Asia, as well as the Asian readerships of Containerisation International and International Freighting Weekly. Once the votes were cast, an independent panel of judges chose the award finalists and the ultimate winners.
A Call for Transportation Management Upgrades
Reduce the Headaches: The Need for an Upgraded Transportation Management System In 2009, the United States alone shipped more than 2.2 billion pounds of goods such as coal, crude materials like wood, sand and gravel, and primary manufactured goods (United States Census Bureau). Undoubtedly, this required complex logistical planning for companies shipping their goods and left many transportation managers with headaches
Pilot Freight Wins Logistics Award
Pilot Freight, worldwide transportation & logistics provider, picks up its seventh 'Ryder Transportation Management Carrier Quality Award'. Every year Ryder recognizes carriers through this award who demonstrate excellence in on-time performance, claims handling, customer service, technology applicants, economic value and innovation. The Ryder awards recognize excellence through a variety of metrics including: on-time performance, claims handling, customer service, technology applicants
Sam Shipping Freight Portal
Sam Shipping has recently launched the comprehensive freight portal www.FreightMarket.com. The portal, designed to obtain quotes for shipments between South America to Asia, will offer a platform for exporters, importers, traders and freight forwarders to list their freight requirements. The portal also offers freight quotes from NVOCCs and freight brokers, as well as a timetable of airline and shipping line schedules
AAPA: Study Proves Need For Improvement
The American Association of Port Authorities (AAPA) welcomed the recent release of the U.S. Department of Transportation (U.S. DOT) "Report to Congress on National Highway System (NHS) Intermodal Freight Connectors." The report, requested by Congress under the provisions of the Transportation Equity Act for the 21st Century (TEA-21), reviews connectors to seaports, airports, and major intermodal terminals to determine: (1) their condition; (2) improvements or investments made or planned; and
NOL Shares Sag On Continued Rate Woes
Shares of Neptune Orient Lines Ltd (NOL), the world's sixth largest container shipper, sank as much as 2.5 percent on Thursday morning to their lowest level since March 2000 on freight rate concerns. By the midday break, NOL had crawled back to S$1.20, down one cent, from S$1.18 in moderate trade of 2.78 million shares. Analysts said there were increased worries for its earnings due to prolonged pressure in freight rates with no short-term recovery in sight for cargo demand due to slowing
Kim Pedersen Promoted at Geodis Wilson
Kim Pedersen, 47, has been appointed Executive Vice President of Geodis Wilson, heading up the Freight Forwarding Division. “In Kim Pedersen we have a person at the top of our freight forwarding activities who brings the capabilities, the experience and most importantly the right mindset to lead this important business unit of Geodis further into areas of strong and sustainable growth on a global scale”, says Marie Christine Lombard, CEO of Geodis.
Which way will container freight rates go? Carriers at crossroads, says Drewry
New Drewry special report examines drivers of container freight rates, provides five year forecasts of major east-west trades and offers suggestions for carriers and shippers on how to smooth pricing volatility. London, UK, 14th March 2011 – Container freight rates go up and then they go down - that’s just the way things are. This almost pathological acceptance that things cannot and will not change is a symptom of a deficiency within container shipping’s DNA that prevents
Ports of Indiana Announces New Strategic Initiatives
The Ports of Indiana today announced new key initiatives to expand its economic development role. After a year-long strategic planning process involving in-depth research and interviews with industry stakeholders, the organization made the decision to expand its current role and aggressively grow its core business. The Ports of Indiana's new initiatives include spearheading the evaluation of an inland intermodal rail port in Indiana and pursuing increased development financing authority.
SeaBridge Freight - New Cargo Service
SeaBridge Freight, Inc. of Jacksonville, FL announced that it will launch its “marine highway” short sea transportation service on December 1, 2008. SeaBridge Freight will initiate its bluewater container-on-barge operation between the Port of Brownsville, TX and Port Manatee, FL. The Company’s 600 TEU capacity barge (approximately 300 truckloads) will link the large and growing Texas/Mexico and Southeastern U.S. markets.
Poly Shield Launches New Sulfur Treatment System
Poly Shield Technologies Inc. announced the launch of its DSOX-15 system. The system, with its new approach to sulfur removal, is expected to enable ship operators to efficiently and economically comply with the new 2015 emission regulations set to take effect in January 2015.
Logistics Revenues Surpass Pre-recession Levels
The latest report from Ti, Global Transport and Logistics Financial Analysis 2013, reveals the winners and losers in the global logistics industry over what has been a tempestuous six year period. Analyzing the financial accounts of 20 of the world’s largest publicly quoted express
Hamburg Süd Recognized for Green Shipping
At the 27th Annual Asian Freight and Supply Chain Awards of Cargonews Asia, Hamburg Süd was awarded the title “Best Green Service Provider - Shipping Line” for the second time after 2012. The award ceremony took place in Beijing on May 9 in front of some 300
SBS Worldwide Appoints New General Manager
SBS Worldwide appointed Mike Barber as General Manager – Manchester. He will help SBS continue building the full range of forwarding and supply chain services it offers in the north of the U.K. Mr. Barber has 40 years’ experience in the forwarding and logistics industry
Hapag-Lloyd Cuts Losses in Q1 2013
The company reports its earlier loss significantly reduced in first quarter 2013 financial results. Financial highlights: Freight rate up 4.2% year on year Slight increase in transport volume Revenue growth of 3.1% Loss significantly reduced
Second Consecutive Decline for Stifel Logistics Confidence Index
The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month. Compiled by Transport Intelligence, the overall index, which combines the current situation with future expectations, was down 0.8 points from April to 50.7 in May and was 1
Global Freight Rates Plunge, Report Finds
Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight. Drewry’s Global Freight Rate Index fell 12% in April to reach its lowest level since February 2012, when container shipping was still recovering from the last
Hamburg Süd 2012: Better, but Not yet Good Enough
Hamburg Süd’s performance in brief Following the powerful recovery of the world economy in 2010 and a weaker 2011, global growth continued in the past financial year, albeit at a slower pace. Against this backdrop, container shipments increased once again
Geodis Wilson Honors Innovators
Geodis Wilson honored its employees who have shown particular creative prowess as the company announces the winners of its annual Innovation Masters Award recognizing outstanding internal innovative initiatives throughout the logistic service provider’s global network.
DNV Sees 27% Annual Revenue Increase
DNV said its continued focus on safety and service quality and the ability to provide leading-edge technology advice and solutions contributed to its market and financial performance in 2012. The company reported that revenues increased by 27% compared to 2011
NOL Reports $148 Million Year-On-Year Improvement
NOL Group reported first quarter 2013 Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items) loss of $85 million, a 64% improvement or $148 million, in the key profitability measure from a year ago. NOL attributed the improvement to a continuing focus on operational efficiency and
Globe Express Strengthens Local Market Presence
Market strategy focuses on delivering innovative supply chain solutions that complement Kuwait’s growing reputation as a major logistics hub. Globe Express Services announced that it has intensified its regional growth plans by providing a full array of innovative supply chain solutions
POLB Named Best in N. America
The Port of Long Beach earned “Best Seaport in North America” honors at the 2013 Asian Freight and Supply Chain Awards in Beijing. The 2013 Asian Freight and Supply Chain Awards recently hosted in Beijing by the Cargonews Asia shipping trade publication
APL Recognized as Best Intra-Asia Shipping Line
APL won the Intra-Asia Best Shipping Line accolade at the 27th Asian Freight and Supply Chain Awards (AFSCAs). Based on the highest number of votes received from readers of Cargonews Asia, the award lauds APL’s outstanding performance in schedule integrity, customer service support
Hamburger Lloyd Takes Over 4,600 TEU Containership Newbuilding in China
On Thursday, May 2, 2013, Reederei Hamburger Lloyd took command of the third of four 4,600 TEU Containership Newbuildings (hull No. H1025A) from CSSC Shanghai, Jiangnan Changxing Heavy Industry Co., Ltd. Another vessel of the same type (No. H1026A) is expected to follow in August this year