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Logistics

Wabtec and GE Transportation to Merge

Image: Wabtec Corporation

 Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries.   Under the agreement,

Protests at Santos Port Impacting Flow of Goods

Protests by truckers in Brazil demanding a reduction in diesel prices have impacted the flow of goods at Santos, Latin America's largest port, the port administration said on Monday.Santos port authority said the protests have restricted the arrival of goods to several terminals, as well as the dispatch

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U.S. trade war with China is "on hold" after the governments

IMO Promotes Single Window for Ports

Photo:  International Maritime Organization (IMO)

 What is a “single window” and why do ports need one? What are the best practices when it comes to electronic business and port logistics?    How is  International Maritime Organization (IMO) supporting developing countries to get ready for the Facilitation Convention amendments which make electronic

ESPO Congratulates Seven Wadden Sea Ports for PERS

Photo: ESPO

European Sea Ports Organisation (ESPO) congratulates the ports of Den Helder (Netherlands), Harlingen (Netherlands), Groningen (Netherlands), Den Oever (Netherlands), Niedersachsen Brake (Germany), Niedersachsen Cuxhaven (Germany) and Niedersachsen JadeWeserPort (Germany) for obtaining EcoPorts’ environmental performance standard (PERS).

Nolan Tapped to Take Over as TOTE CEO

Tim Nolan (Photo: TOTE)

Tim Nolan has been named the next president and CEO of U.S. domestic ocean carrier TOTE Inc., parent company Saltchuk announced today. TOTE is the parent company to TOTE Maritime and TOTE Services.Nolan, who is currently president of TOTE Maritime Puerto Rico, will succeed retiring president CEO Anthony

Maersk Revenue Up 30% YOY in Q1

 In Q1 2018, A.P. Moller - Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway.    A.P. Moller - Maersk reiterates its expectations for 2018 of an underlying profit above 2017 (USD 356m), however

One Million Ship Containers Missing after P&R Insolvency

© Claude Beaubien / Adobe Stock

Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors

Maersk: Disappointing Q1 Earnings Hit Share Price

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower.Earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to

INTTRA Adds Salam Pacific Indonesia Lines to its Carrier Network

Photo: INTTRA

 INTTRA, the largest neutral network, software and information provider at the center of the ocean shipping industry, announced an expansion of its rapidly growing carrier network with the addition of Salam Pacific Indonesia Lines (SPIL), its first carrier in Indonesia. The addition of SPIL represents

SWIVEL unveils a Logistics Control Tower

Photo: SWIVEL Software LTD

 SWIVEL Software announced, at the 3PL Value Creation Asia Summit in Hong Kong,  the launch of SWIVEL 360, a Logistics Control Tower that can provide both visibility and transparency between all parties in the supply chain.   With SWIVEL 360, all parties can get real time alerts and search the status of a shipment based on SKU or item code,

New Hyundai Container Service Serves Hamburg

The 'Hyundai Forward' is one of ten smaller Panamax container ships in the new AEX service Photo: © HHM/Hasenpusch

 The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April.    The first vessel of the AEX service to call at Eurogate Container Terminal Hamburg on 12 May was ‘Hyundai Forward’ with a capacity of the 4,700 TEU.    A total

Kalmar to Supply SmartPower RTGs to Port of Buatan

Image: Kalmar RTG

 Kalmar, part of Cargotec, has concluded a deal with Riau Andalan Pulp & Paper (RAPP) to supply three Kalmar SmartPower rubber-tyred gantry cranes (RTGs) for its container yard at the Port of Buatan in Indonesia.    The order was booked in Cargotec's 2018 first quarter order intake and delivery is

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.   The Chicago-based company is confident the world's two largest economies will "get through" the trade dispute,

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