Transport Intermediaries

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 »

Global Logistic Q4 net profit triples

AJOT | May 23, 2012 | Transport Intermediaries

Singapore's Global Logistic Properties (GLP) said its fourth-quarter net profit tripled from a year earlier, boosted by fair value gains on its properties in China and Japan. Read More »

Team of industry veterans launches new venture, A3 Freight Payment

AJOT | May 23, 2012 | Transport Intermediaries

A team of veterans of the freight payment industry has launched A3 Freight Payment, a new and exciting venture in the freight payment space. Read More »

Steady market growth for Damco in Q1

AJOT | May 21, 2012 | Transport Intermediaries

Damco, the global logistics business unit of the A.P. Moller'Maersk Group, increased its net revenue by USD 53m to USD 738m compared to Q1 of 2011. Gross profit also rose 8% against the same period last year. Read More »

Source Consulting now offers transportation management software designed to reduce shipping costs

AJOT | May 17, 2012 | Transport Intermediaries

In addition to in-house transportation cost management services, Source Consulting now offers innovative, cloud-based transportation management systems, Intelliship and HALO. Both SAAS (Software As A Service) solutions are designed to streamline a variety Read More »

Troy Container Line annoiunces new Miami container freight station

AJOT | May 16, 2012 | Transport Intermediaries

Troy Container Line, Ltd., one of the world's largest NVOCCs, has announced a change for its Miami Container Freight Station. Read More »

Agility Q1 profit falls 8.1 pct as costs rise

AJOT | May 15, 2012 | Transport Intermediaries

>Kuwait's Agility, the logistics firm facing U.S. fraud charges, reported an 8.1 percent drop in first-quarter profit as costs rose faster than revenue. Read More »

NVC Logistics

AJOT | May 15, 2012 | Transport Intermediaries

The white glove home delivery of televisions that are seven feet wide is not an easy task. Small doorways, tight turns, long carry distances and stairs are just a few of the hurdles to overcome. Add into this mix the size and weight of the unit, as well Read More »

Caterpillar to sell stake in a logistics business

AJOT | May 10, 2012 | Transport Intermediaries

Caterpillar Inc said Thursday it will sell a 65 percent stake in its third-party logistics division to Platinum Equity for $750 million, to focus on its core businesses. Read More »

SBA names Lasater as Washington state’s 
2012 Small Business Exporter of the Year

AJOT | April 24, 2012 | Transport Intermediaries

The U.S. Small Business Administration (SBA) 2012 Washington state Exporter of the Year is Liz Lasater, CEO of Red Arrow Logistics. Red Arrow is an Issaquah-based company that provides logistics and transportation services to Fortune 100 companies with f Read More »

New CEO of Eastern Europe in Damco

AJOT | April 23, 2012 | Transport Intermediaries

To enable the right focus on different market priorities, Damco has divided its Europe operations in two regions, East and West Europe. The decision is made in order to deliver growth, profitability and the goals of the overall strategy. Read More »

Mundo International Logistics appointed FESCO agent

AJOT | April 19, 2012 | Transport Intermediaries

Mundo International Logistics UK has been appointed as FESCO North West Europe's UK agent, meaning it can now offer an expanded range of container services across Russia and CIS. Read More »

KKR, Goldman Sachs to invest $52 million in India’s TVS Logistics

AJOT | April 18, 2012 | Transport Intermediaries

Private equity firm Kohlberg Kravis Roberts & Co (KKR) and Goldman Sachs will invest 2.69 billion rupees ($52 million) in India's TVS Logistics Services to help it expand business, the three companies said. Read More »

Ocean Freight Standards Advisory Board announces 25% growth in membership

AJOT | April 18, 2012 | Transport Intermediaries

INTTRA, the world's largest, multi-carrier e-commerce solution for ocean freight and founder of the Ocean Freight Industry EIPP Standards Advisory Board announced today the continued expansion of the Standards Advisory Board (SAB). This demonstrates th Read More »

Kewill expands market-leading parcel shipping line with Flagship Express(TM) SaaS-Based Solution

AJOT | April 17, 2012 | Transport Intermediaries

Kewill, a leading provider of solutions that accelerate global trade and logistics, has announced it has expanded its shipping solutions portfolio with the introduction of Kewill Flagship Express,,a SaaS-based shipping solution designed to provide small- Read More »