BTS reports a new all-time high for Freight Transportation Services Index

By LM Staff · December 15, 2017 The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) headed up 0.6% from September to October, following two months of sequential declines. According to BTS officials, the Freight TSI measures the month-to-month changes in freight shipments in ton-miles, […]

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CSX announces top executive E. Hunter Harrison is on medical leave

Class I railroad carrier CSX reported late yesterday that the company’s Chief Executive Officer and President E. Hunter Harrison is on medical leave, due to complications from a recent illness, and it added that COO James M. Foote has been named as acting CEO in the interim. Harrison, who joined CSX in March, has been […]

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Over Half of Warehousing Companies Will Upgrade Mobile Devices

In a new study, VDC Research looked at the evolution of mobility in warehousing. The study, “Taking Advantage of Apps and App Modernization in Warehousing,” found that: 53% of IT decision makers supporting warehouse operations view their mobility deployments as immature. 56% of organizations plan to upgrade their existing fleet of mobile devices as […]

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SJ Logistics, HMM launch joint Asia-Europe rail service

   SJ Logistics and Hyundai Merchant Marine (HMM) will jointly participate on a block train service to Europe via the Trans China Railway (TCR) from South Korea, an HMM spokesperson confirmed.     The rail service will be operated by SJ Logistics while HMM will participate on the ocean transportation portion, the spokesperson said. HMM will […]

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Drewry: World Container Index down 2% this week

   The World Container Index (WCI), a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, fell 2 percent this week to $1,133.96 per 40 ft. container (FEU), according to the latest assessment by Drewry, the UK-based shipping consultancy said Dec. 14.    The composite index is […]

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Hungry bellyholds help Brussels pass the 500,000 ton flown cargo milestone

Full bellyholds helped Brussels Airport pass the 500,000 ton milestone of flown cargo on December 7, doing so for the first time since DHL Express moved its European hub from the Belgian airport to Leipzig in Germany. “Although not an all-time high, this is a symbolic milestone for us and our cargo community”, said Steven […]

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CMA CGM to offer new line of cargo insurance products

   French container carrier CMA CGM Group is launching a new line of customer-focused cargo insurance products, including one that the firm says allows a quick compensation for businesses whose goods have been damaged or lost during transport for any reason, including natural disasters.    The compensation product, the firm said in a Dec. 14 […]

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Port Corpus Christi to handle 3,000 wind turbine parts by year’s end

   Port Corpus Christi anticipates handling more than 3,000 wind turbine components by the end of this year, a record over 2016, according to a statement from the Texas Gulf Coast port.    The port, which is one of the most active in handling these large, oversized parts, handled 2,603 wind turbine components in 2015 […]

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November boost for cargo hub Leipzig

Leipzig/Halle Airport’s monthly freight volumes exceeded 100,000 tonnes for the first time in November. Germany’s second-largest cargo hub handled 105,100 tonnes of freight last month as volumes rose by 9.4% in comparison with the same month in 2016. Cargo volumes also broke through the one million tonne barrier for the second time following 2016, with […]

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Executive Moves: YRC Worldwide, Bahri, GAC Group and the Tanker FFA Brokers Association

Source: Pressmaster/Shutterstock YRC Worldwide CEO intends to retire; Bahri appoints new CEO; the GAC Group names managing director of GAC North America – Logistics; and the Tanker FFA Brokers Association elects chairman.    James Welch, CEO of YRC Worldwide Inc., a less-than-truckload holding company headquartered in Overland Park, Kan., has informed the board of directors […]

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CSX CEO Harrison takes leave of absence for medical issues

   CSX Corp. President and Chief Executive Officer E. Hunter Harrison is currently on medical leave due to “unexpected complications from a recent illness,” the the Jacksonville, Fla.-based Class I railroad said in a statement Thursday.    CSX has named Chief Operating Officer James M. Foote as acting CEO in the interim.    “Hunter is a […]

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Panalpina establishes new supply chain business unit

LBR Staff Writer Published 15 December 2017 Third-party logistics provider Panalpina has established a new entity to focus more on expanding global supply chain management services. The company has created a new entity called Supply Chain Solutions to expand the existing team of experts and further invest in technology and infrastructure. Panalpina’s new unit will […]

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First Fuso eCanter delivered to DHL, DB Schenker, Rhenus and Dachser – LOGISTIK express News

15. Dezember 2017 08:18 Beitrag bequem vorlesen lassen: 🔊 Read English text On December 14, Daimler Trucks handed over the first units of its all-electric Fuso eCanter to European customers. The logistics companies DHL, DB Schenker, Rhenus and Dachser will use the all-electric light-duty truck in series production in their fleet. In the future these […]

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Navios Completes Acquisition of Four Containerships

[og_img] Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of four 2008-built Panamax containerships. These vessels are employed on charters with a net daily charter rate of $27,156. Importing and managing the logistics of your precious freight is no easy task. Compliance to U.S. Customs […]

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Transportation equipment financing to remain an attractive option for truckers

By Patrick Burnson, Executive Editor · December 14, 2017 2017 was a strong year for the equipment finance industry. According to a recent study conducted by the Equipment Leasing and Finance Association, it marked the seventh consecutive year that businesses increased their spending on leases, loans and lines of credit for equipment investment.  Anthony Sasso, […]

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