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Transportation 2023: MICHAEL W. COLEMAN
PRESIDENT AND CEO, CV INTERNATIONAL; CHAIR, VIRGINIA MARITIME ASSOCIATION, NORFOLK
In addition to leading CV International, his family-owned freight logistics and transportation company, Coleman is a Virginia Port Authority commissioner and chairs the century-old Virginia Maritime Association. He’s also a
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New rules
Shipping bill takes aim at inflation
Published
In theory, the Ocean Shipping Reform Act (OSRA) would, among other things, help reduce inflation by adding transparency to container handling fees. In practice, though, it’s not that simple. When
The ‘wrong inventory’
Virginia logistics, supply chain companies face glut of excess warehouse stock
Published
During the pandemic, consumers wanted things to make them feel comfortable at home — whether it was sweatpants, home décor or the latest fuzzy blanket. But as many workplaces have
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Choppy waters for ocean shipping
Published
What a difference a year makes. In March 2022, ocean freight rates were at record highs, with capacity straining under the weight of historic U.S. import demand. High inventories and
CV International subsidiary acquires Ga. shipping company
Capes Shipping Agencies purchased Ryan Ship Services
Published
Norfolk-based CV International Inc. subsidiary Capes Shipping Agencies announced Wednesday that it had acquired Savannah, Georgia-based Ryan Ship Services LLC. Financial terms of the transaction were not disclosed. “This merger
Commentary: Adjusting to a new shipping reality
Published
Ocean shipping patterns established during the first year of the pandemic have taken root, and it’s time for shippers to adjust strategies for the long term. That was the takeaway