Supply chain

FedEx Express, a subsidiary of FedEx Corp., recently opened a new facility in Al Garhoud in Dubai, United Arab Emirates, to meet increased shipping demand and expand the company’s presence in the Middle East.

The world economy is generating headwinds for Canada; nevertheless, the outlook is brightening, a Royal Bank of Canada economist says.

Third-party logistics provider Kenco appointed Steve Perry as vice president of human resources of Kenco Management Services on Nov. 6.

Natural gas provider Clean Energy Fuels recently reported a net loss of $16.3 million in the third quarter, compared with a net loss of $11.4 million in the third quarter of 2011.

Seattle-based global logistics provider Expeditors International of Washington today reported profit in the third quarter was $88.49 million, a decrease of 17.0 percent compared with $106.6 million for the same quarter in 2011.

Expectations that exports will lead the U.S. economic recovery are increasing the burden on exporters and freight forwarders to update their internal compliance programs to abide by commercial regulations and security requirements.

Vikash Patel, General Electric Power and Water senior global logistics leader, left the company to form Logisticus Projects Group, the new company announced.

U.S. beef and pork exports are trending lower in volume but up in value from the record year in 2011, according to the U.S. Meat Export Federation.

Few voters heading to the polls today will make their decision based on freight transportation and trade policy issues, but that won’t stop the election results from affecting shippers and transport providers in the years to come.

The same-day delivery industry is growing faster, driven by next-day retail replenishment and e-commerce, an industry association survey claims.

Cryoport today appointed Jerrell Shelton as president and CEO, effective immediately.

Freight forwarding and supply chain management company Damco recently appointed Ivan Thuynsma as global head of mining and Leo Bischoff as global head of technology.

The Export-Import Bank of the United States is offering help to exporters in areas that have been declared federal disaster areas because of the impact of Hurricane Sandy.

Panalpina Group reported net profit of approximately US$4.4 million for the third quarter of 2012, compared with approximately US$33.7 million in the same quarter a year ago.

Transportation and warehousing employment increased 2.2 percent in October from a year ago, but was essentially flat from the previous month.

State-owned Container Corp. of India boosted second quarter net profit 32 percent from a year earlier to $44 million, driven by higher earnings from its core export-import intermodal operations, the company said in a statement.

Three key economic indicators suggest that Chinese manufacturing is recovering after being hit by months of decreased European and U.S. demand.

In an attempt to prevent freight rates from eroding during the slack season, shipping lines that carry U.S. imports from Asia plan to increase rates on dry goods on Dec. 1 and refrigerated containers in January.

Hurricane Sandy is pounding the East Coast with severe winds and record-breaking surges.

Shippers in Asia should expect delays for air and ocean shipments to the U.S. in the wake of super-storm Sandy, which devastated parts of eastern U.S., including New York and New Jersey on Monday.