The Government Accountability Office (GAO) issued its report comparing the costs of road, rail, and waterways freight shipments that are absorbed by the government and not passed on to consumers. The analysis shows that on average additional freight service provided by trucks generated significantly more costs that were not passed on to consumers than the same amount of freight service provided by either rail or water. The report estimates that freight trucking costs that were not passed on to consumers were at least six times greater than rail costs and at least nine times greater than waterways costs per million ton-miles of freight transport. GAO-11-134 (2/28/11). (Source: Bryant’s Maritime News)
Canada's Clarke Inc. doubled the size of its freight-management division with the purchase of four U.S.-based companies. Clarke, which has freight transportation and logistics services throughout North America, said it had bought Focus Carriers of Memphis, Tennessee; Kenley Trucking Inc of Atlanta, Georgia; and Creative Logistics of Ripon, California. Purchase prices were not disclosed. - (Reuters)
Ingram Barge Company announced its participation in the new Barge Freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Government’s Environmental Protection Agency (EPA) and the country’s leading private industry freight carriers and freight users aimed at reducing carbon, oxides of nitrogen and particulate matter emissions. Ingram has been involved with the EPA in helping to develop
PwC US today announced the addition of John Donahue as a director in the firm’s transportation and logistics sector within the larger Industrial Products practice. With more than 25 years of experience in all aspects of the transportation and logistics industry, Donahue will be responsible for leading the freight-related segments for the firm’s transportation and logistics engagements. According to PwC, Donahue will help freight transportation companies implement new business
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.
Shares in Finnish shipping company Finnlines plunged on Wednesday after it said 2000 profit would be worse than expected due to tough competition, higher oil prices and strikes hindering business. On Wednesday shares were trading down 12.5 percent at 23.99 euros, under-performing already soft Helsinki shares. In February Finnlines posted a 1999 profit before extraordinary items of 67.3 million euros ($64.46 million) and said the outlook for 2000 was uncertain due to factors such as tighter
Provider of electronic invoicing and settlement solutions for the shipping industry, PayCargo, LLC, says it has brought back its highly successful PayCargo Credit Program. PayCargo provides a global, online freight payment system that allows shippers, carriers and freight brokers of all sizes to settle accounts faster and more safely than ever before. Since being spun out of a major financial services company earlier this year
U.S. Transportation Secretary Ray LaHood announced $7m is being awarded to the Mississippi Department of Transportation, the Virginia Port Authority and the Tennessee-Tombigbee Waterway Development Authority to support the transportation of marine cargo between U.S. ports. The announcement comes just five weeks after unveiling the America's Marine Highway program, a new initiative to move more cargo on U.S. waterways.
“Moving Goods: More, Better, Faster, Safer” is the theme for the American Association of Port Authorities’ 2007 Operations, Information Technology & Safety Seminar, slated for April 24-26 in Jacksonville, Fla. The seminar will focus on the integration and cooperation required today among those challenged with maintaining and improving freight-handling operations at public ports. Rapidly increasing trade volumes, heightened security requirements and changes in technology can compromise
Funding Commission authorises state aid to a Franco-Spanish Motorways of the Sea project and includes it among the twenty-two selected projects for Marco Polo financing The European Commission gave its green light for the public financing from France and Spain to the Fres Mos project. It will link the French port of Nantes-Saint Nazaire with the Spanish port of Gijon, and will be operated by GLD Atlantique. This Motorways of the Sea project will also receive an EU grant in the framework of
Irish Continental Group, the company behind Irish Ferries, posted a 9.6pc increase in revenue last year (2014) in taking Euro 290.1 million. ICG's ferry division grew by 14 percent - and its container & terminal division grew by 2.6 percent. Its pre-tax profits were €56
CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, announced a new all-water LCL (less than container-load) import service from Shanghai to Atlanta via the Port of Savannah. It is a 32-day transit
Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering flashpoint after a two-week truck drivers' protest. A union of autonomous truck drivers agreed to the port's proposal to raise payments
Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a key highway in top soy state Mato Grosso opened. Nationwide, there were 18 roadblocks over rising freight costs by the end of the day
Los Angeles area ports are using a Uber-style app called Cargomatic to help clear congestion from recent slowdowns, the Wall Street Journal reported yesterday. After labor strife created what may be delays of up to two months, container terminals on the Pacific coast have no choice
Striking truck drivers resumed some roadblocks in Brazil on Monday even as the government cracked down on protesters and promised to implement a law to lower toll costs and give other benefits to the transport sector. Nationwide there were 24 road blockages in four states
Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1, a move that should improve the flow of goods through Port of Long Beach, the nation’s busiest harbor complex
Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Road blockages were reported at 59 locations across six states on Friday down
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
Our transportation network consists of different modes like roads, railroads, ship channels and ports. But when it comes to transporting food, building materials, bulk commodities, items used in manufacturing and finished products, each of those modes must be firing on all cylinders and in sync
A main access road to Brazil's Port of Santos was cleared early on Wednesday after a truck driver strike dispersed, though other roads in the country remained blocked as protests stretched into a second week. Highway operator Ecovias said via Twitter that the protest on the Anchieta highway
Hyster Company has delivered its first container handlers with Tier 4 Final engines to a terminal at the port of Los Angeles. The three Hyster H1050HD-CH trucks are ideally suited for ports and terminals, providing outstanding lifting capacity and superior performance.
Following the plunge in dry bulk freight market, shipping companies are banking on increased iron ore exports from Brazil to China and India to shore up freight rates, reports the Hindu Businessline. Hauling ore from Brazil to China will cost almost double than that from Australia
Copenhagen Malmö Port (CMP) has engaged in a new collaboration to increase freight traffic by train to and from Northern Harbour. The new train service starts from the Netherlands and serves Malmö three times a week. Freight traffic by rail will now increase in Malmö and
Neptune Orient Lines (NOL) has sold APL Logistics (APLL) to Kintetsu World Express (KWE) for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million. The KWE Group considers the establishment of a management base that can compete on a