American Shipper

Sharp increase in profit, revenues and volumes reflect the purchase of a majority interest in Orient Overseas (International) Ltd. last summer.

A chief operating officer is hired and board members are elected.

U.S. soybean exports have fallen in the past year in part because of the drop in exports to China due to tariffs and swine fever.

Passage of Mexican labor reform legislation was a key commitment included in the U.S.-Mexico-Canada Agreement.

DSV says it had “healthy top-line growth” and expects to close Panalpina acquisition in third quarter of 2019.

Deal signed to acquire 100 percent of the Offen Group subsidiary.

Capital Development will invest more than $172 million as part of the deal for the 1.075 million-square-foot facility.

“It became clear that we could become a stronger, more competitive organization by joining forces,” Trinity’s Jeff Banning said.

The interoperable messaging solution xTrade is designed to allow organizations to safely share information with suppliers and business partners.

The Shipping Act provides the FMC special oversight of government-controlled common carriers operating in U.S. trades to ensure “just and reasonable” rates.

Orient Overseas (International) Limited announced the sale for $1.78 billion of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners.

Hernán Rincón Lema is stepping down from airline holding company and Mike Stolzman is stepping in at port subsidiary.

Results of NYK, MOL and “K” Line suffer from loss by their joint venture, Ocean Network Express.

Tonya Davis allegedly said individuals had passed driver skills tests when she knew the exams had not been administered.

The event also marked the first berthing of a containership at the new ICAVE terminal.

But because so many containerships are relatively new, the pool of candidates for scrapping is limited.

The memorandum of understanding was signed during the recent Belt and Road Forum in Beijing to further develop links between China and Hungary.

“There is no appetite in Congress to debate USMCA with these tariffs in place,” the Senate Finance Committee chairman wrote in The Wall Street Journal.

The Treasury agency takes steps to implement a new sanctions list to punish foreign entities that interfere in U.S. elections, but the “final rule” is still in development.

A public session will be conducted after the U.S. and South Korean officials sit down in Washington in May.