Transport Intermediaries

CS hires Irwin to head transportation banking

AJOT | June 18, 2012 | Transport Intermediaries

Credit Suisse Group AG has hired Rob Irwin as a managing director and global co-head of its transportation and autos group, the investment bank said in an internal memo to staff.

Irwin joins from JPMorgan Chase & Co where he had served as a managing d Read More »

Descartes signs definitive agreement to acquire integrated export systems business

AJOT | June 18, 2012 | Transport Intermediaries

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has signed a definitive agreement to acquire substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Limited (collectively referred t Read More »

Phoenix International exploring sale

AJOT | June 18, 2012 | Transport Intermediaries

Freight forwarder Phoenix International is exploring a sale that could fetch as much as $500 million from global logistics companies, several sources familiar with the matter told Reuters. Read More »

Purolator International names LiVecchi Director of Marketing

AJOT | June 18, 2012 | Transport Intermediaries

Purolator International, a leading provider of Canadian logistics services has named Elissa LiVecchi Director of Marketing, reporting to Jonathan Routledge, Vice President of Sales & Marketing for Purolator International. Read More »

S.L., a neutral NVOCC leader in the Spanish market, joins the INTTRA Network and achieves 600% impro

AJOT | June 18, 2012 | Transport Intermediaries

INTTRA, the world's largest, multi-carrier e-commerce network for ocean shipping, has announced that International Forwarding S.L. (IFS) has joined the INTTRA network. Headquartered in Spain, this multinational non-vessel operating common carrier (NVOCC) Read More »

U.S. Xpress appoints Bowman Senior Vice President, Sales

AJOT | June 18, 2012 | Transport Intermediaries

U.S. Xpress Enterprises, a leading provider of transportation services throughout North America, has announced it has recently hired Paul Bowman as the senior vice president of sales for its dedicated services business. This is a new position within the c Read More »

Shipco expands service portfolio between USA and Sweden

AJOT | June 18, 2012 | Transport Intermediaries

Shipco Transport will start a direct neutral LCL service from Atlanta, Georgia to Gothenburg, Sweden. The new service, with carrier OOCL, will greatly improve transit times from South Atlantic, US Gulf and Los Angeles origins. The biggest transit time imp Read More »

Damco wins IPL awards for excellence in logistics services and sustainability

AJOT | June 14, 2012 | Transport Intermediaries

>International Produce (IPL), part of the Walmart group, is the biggest single importer of fresh produce in the UK. At the 3rd annual IPL logistics conference held in the UK on May 9th, Damco won two prestigious awards for excellence in logistics and sust Read More »

DB Schenker named winner of Lufthansa Cargo’s

AJOT | June 14, 2012 | Transport Intermediaries

Lufthansa Cargo has awarded its 'Planet Award of Excellence' to its global partner DB Schenker. Presenting the award at this year's Global Partner Council in 'lesund, Norway, the German cargo airline paid tribute to DB Schenker's outstanding contribution Read More »

FPS Lanka launches warehouse and 3PL operations

AJOT | June 14, 2012 | Transport Intermediaries

Projects FPS, the recently-established project forwarding and third-party logistics arm of Famous Pacific Shipping Lanka, has launched a dedicated logistics center incorporating a document storage and archiving facility. Read More »

US business logistics costs rise in slow economic recovery

AJOT | June 14, 2012 | Transport Intermediaries

U.S businesses paid more to manage and transport goods in 2011 as truckers and railroads charged higher rates to cover their rising expenses, but the uneven economy has contained volume and rate increases, according to a study. Read More »

UTi Worldwide results below estimates

AJOT | June 14, 2012 | Transport Intermediaries

Transport logistics company UTi Worldwide Inc posted lower-than-expected profit and sales due to weak air freight volumes. Read More »

Shipco starts neutral direct service from Dominican Republic to Miami

AJOT | June 06, 2012 | Transport Intermediaries

Shipco Transport has started a new less than container load service originating in Rio Haina, Dominican Republic to Miami, Florida. The new service, with a transit time of 5 days, utilizes ocean carrier Antillean Marine Shipping Corp. Along with the new s Read More »

Deringer’s Direct LCL Consolidation from Taiwan to Chicago offers time/cost savings

AJOT | June 05, 2012 | Transport Intermediaries

A.N. Deringer, Inc., a leading logistics service provider, announces the continued expansion of its international transportation services. Deringer introduces its direct less than container load (LCL) consolidation service from Keelung and Kaohsiung, Tai Read More »

CMA CGM Logistics opens new office in East Rutherford, NJ

AJOT | May 31, 2012 | Transport Intermediaries

After opening offices in Germany, Jordan, Vietnam and Malaysia, the turn has now come to the USA for a new CCLog office. Read More »

Saddle Creek Corp. becomes Saddle Creek Logistics Services

AJOT | May 29, 2012 | Transport Intermediaries

Saddle Creek Corporation, a nationwide third-party logistics provider, announced that the company is changing its name to Saddle Creek Logistics Services, effective May 30, 2012. Read More »

Premium Article  Apex Freight Services leads industry with increased insurance coverage

AJOT | May 23, 2012 | Transport Intermediaries

Apex Freight Services, a Lafayette-based, third party logistics provider, now offers its customers industry-leading liability protection. The “Apex Umbrella” provides contingent auto, general liability and excess coverage of up to $26 million. Read More »

Premium Article  Trade Insurance: It’s Not Always about Numbers

Karen Thuermer | May 23, 2012 | Transport Intermediaries

When it comes to the movement of goods, an array of products are available to shippers to insure their goods against loss, damage, theft or mishandling. There is also insurance that can keep their business afloat and keep Read More »

Premium Article  Strong underwriting result underpins UK P&I Club finances in 2012

AJOT | May 23, 2012 | International Trade | Transport Intermediaries

The UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, announces its results for the year ended 20 February 2012. Read More »

Premium Article  U.S. cargo theft totals reach $130 million

Peter Buxbaum | May 23, 2012 | Intermodal | Transport Intermediaries

Food and beverages now the most frequent stolen item

By Peter A. Buxbaum, AJOT

It's hard to know how many incidents of cargo theft take place in the United States on a yearly basis, but one thing is clear; the number of incidents reported in 2011 Read More »