Gary G Burrows
The International Air Cargo Association’s fourth comprehensive study on the air cargo industry’s sustainability position shows progress, but “we still have quite a bit of work to do,” said TIACA Chairman Steven Polmans.The survey, which involves supply chain partners from across the globe and from each industry sector and business size, reflects the work of the Sustainability Program and the development of new projects that support a sustainable air cargo ...
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Siemens Energy, a leading energy technology company, has selected Charlotte as the location for its advanced manufacturing facility to produce large power transformers.With an energy hub already located in Charlotte, Siemens Energy is expanding its operations with the US$149.9 million project, which will bring 475 new jobs to Charlotte.“Manufacturing large ...
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Cargo volumes to and from ports in the Gulf of Aden and Red Sea during the first seven months of 2024 declined 21 percent compared to the year-earlier period, according to BIMCO the international association for shipowners.“The number of ships arriving in these ports significantly declined as merchant shipping increasingly ...
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Maryland’s Port of Baltimore handled record cargoes in 2023, as the region rebounded from pandemic impacts and worldwide supply chain issues.The 52.3 million tons of foreign cargo for 2023 was 18.3 percent higher than the previous record of 44.2 million tons in 2019, while value improved 8.7 percent to US$80 ...
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After three years as a joint venture, the Jumbo-SAL-Alliance said Feb. 28 it is bringing American multipurpose and liner operator Intermarine into the group, which is renamed JSI Alliance.Dutch maritime heavy-lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL Heavy Lift formed the initial ...
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The U.S. Federal Maritime Commission on Feb. 23 established new requirements for how common carriers and marine terminal operators (MTOs) must bill for demurrage and detention charges, providing clarity on who can be billed, within what timeframe, and the process for disputing bills.The Ocean Shipping Reform Act, passed in 2022, ...
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CMA CGM on Feb. 29 said the French shipping and logistics company has completed the purchase of The Bolloré Group for 4.85 billion euros, based on estimated debt and cash on the completion date.Bolloré Logistics, the transport and logistics business unit of Bolloré Transport & Logistics, reported 2022 turnover of ...
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French-based CMA CGM Group said 2023 was a year of transition and normalization in the transport and logistics industry, and the company is positioning itself to weather an “uncertain 2024.”After “extraordinary years” in 2021 and 2022, CMA CGM said 2023 was marked by major inventory reductions as supply chains readjusted, ...
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Danish container line giant A.P. Moller – Maersk reported solid financial results for 2023, in line with the company’s financial guidance.Though volumes were up across most products and cost controlled efforts helped improve results, rates continued to erode, particularly in ocean. The company reported EBITDA of US$9.8 billion with revenue ...
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Elmont, New York-based Wen-Parker Logistics have announced a partnership with 4ocean.Founded in 2017, 4ocean was created with the mission to sell a product that would enable the company to fund a worldwide cleanup initiative.From this, their first product, the 4ocean bracelet, was born. Crafted using recycled materials, each bracelet purchase ...
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