The International Maritime Organization’s new verified gross mass requirement puts a new spin on the shipper-carrier relationship, according to Virginia Thompson, VP of Product Management Global Trade Solutions at Integration Point.
KCS earnings up in Q1 2016 despite sliding revenues
Kansas City Southern’s net income grew 6.8 percent to $108.1 million in the first quarter of 2016 on revenues that dropped 40.4 percent compared to the previous year, according to the company’s most recent financial statements.
ATA: Driver turnover continues to rise at large truckload carriers in Q4 2015
Annualized turnover rates at large truckload fleets grew two percentage points to 102 percent, while turnover at smaller fleets surged 21 points to 89 percent in the fourth quarter of 2015, according to the American Trucking Associations.
WTO’s TFA gets boost with Russia, India on board
India and Russia have become the 76th and 77th countries, respectively, to ratify the World Trade Organization’s Trade Facilitation Agreement (TFA).
WCO further explains transfer pricing with case study
The World Customs Organization has produced a case study to help better illustrate how customs authorities take into account transfer pricing information during verification of a cross-border shipment’s customs value.
Etihad Cargo strengthens presence in Middle East
The cargo airline commenced a new service from Abu Dhabi, United Arab Emirates to Muscat, along with a new service from Abu Dhabi to Kuwait.
Virgin Atlantic Cargo re-introduces Chicago service
The cargo division of Virgin Atlantic will commence its seasonal service between Chicago and London Heathrow tomorrow.
Court rules ocean carriers, NVOCCs can extend maritime liens
The 3rd Circuit U.S. Court of Appeals decision, which relies on a 1866 Supreme Court opinion, is being heralded as a victory for ocean carriers.
14-year-old post-panamax containership sold for scrap
The sale of a relatively young 5,447-TEU post-panamax vessel “does not appear to be a one-off event,” according to the mapping, ship search and valuation service VesselsValue.
Soo Locks to undergo technological upgrade
The locks are scheduled to undergo a technological upgrade this summer to replace a half-century-old master control system that opens and closes the waterway passage.