Penn Intermodal Leasing LLC and Matlack Leasing LLC are pleased to announce the appointment of Mark Longenecker as General Manager of both businesses. Mr. Longenecker joined Penn/Matlack in 2015 as Finance Manager. In April 2017, he was promoted to Director … Continue reading
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Cyber Attack Causes Cargo Delays for World’s Largest Tank Container Shipping Entity
Posted on Thursday July 20, 2017 by
If you thought it was just data centers and financial institutions that were prone to cyber mayhem, think again. In June, the world’s largest tank container shipping conglomerate was the victim of a cyber attack that brought down its worldwide … Continue reading
South Coast Air Quality Management District (California) Proposes Tax and Creates Uproar Among Shipping, Distribution, and Logistics Groups
Posted on Tuesday May 2, 2017 by
The South Coast Air Quality Management District (SCAQMD) is currently under considerable scrutiny due to its proposed tax, which is projected to raise $1 billion per year for up to 15 years in order to fund air quality improvements in … Continue reading
Summary of the ACC’s Chemical Industry Outlook for 2017
Posted on Wednesday April 5, 2017 by
The business of making chemicals is a $797 billion industry. It’s one of the U.S.A.’s most important manufacturing industries, since it contributes over 14.0% of all exports and 15.0% of the world’s chemicals. The American Chemistry Council (ACC) predicts the … Continue reading
Tanker Scrapping Posed to Increase Due to IMO Regulation
Posted on Tuesday February 21, 2017 by
Globally, tanker asset earnings have remained above breakeven levels for the last few years, so tanker scrapping, the removal of tankers from productive use, has been relatively low when compared to other industrial equipment segments. However, the recently released International … Continue reading
Trade, Economy, and Transportation Predictions for 2017
Posted on Thursday January 19, 2017 by
AmericanShipper.com published a recent article by Walter Kemmsies, the managing directory, economist, and chief strategist for JLL Ports Airports and Global Infrastructure. Kemmsies identified a handful of trends relevant to the transportation industry which he believes will impact the industry … Continue reading
Minnesota Toxic Free Kids (TFK) Act Releases Update to Chemicals of High Concern List
Posted on Monday September 26, 2016 by
Earlier this month, the Toxic Free Kids Act concluded its second review and revision of the two lists the Act created to identify chemicals that pose harmful risks to human health – specifically, pregnant women and children – and the … Continue reading
Penn Intermodal Leasing Announces Winners of 2016 Scholarship Essay Contest
Posted on Wednesday September 7, 2016 by
PHILADELPHIA — September 7th, 2016 — Penn Intermodal Leasing is proud to congratulate the winners of our 2016 Scholarship Essay Contest. A total of $1,750 in prize money was awarded in order to raise awareness among college age students of current … Continue reading
ITCO Releases 4th Fleet Survey Showing Industry Growth
Posted on Tuesday August 30, 2016 by
The International Tank Container Organization (ITCO) released its 4th fleet survey, which saw that the tank container industry grew by 7.2% since the previous year’s survey. The world’s fleet now stands at 458,200 containers, up by 43,780 from the 3rd … Continue reading
Brexit Upsets Chemical Trade, Industry Leaders Express Shared Concerns
Posted on Thursday July 28, 2016 by
Britain’s exit from the European Union, otherwise known as “Brexit”, was controversial. Leaders in manufacturing, particularly in chemical-related industries in the United Kingdom foresee new obstacles for trade and regulatory complexity between the United Kingdom, the European Union, and the … Continue reading
