American Shipper

The vessel owner and operator will use the proceeds from the offering for general working capital purposes, including vessel acquisitions.

Terminals operated by the Northwest Seaport Alliance (NWSA) of Seattle and Tacoma handled 250,762 TEUs for the month, a 16.7 percent decline from the same 2017 period.

The Athens, Greece-based dry bulk vessel owner recorded a net loss of $436.9 million for the fourth quarter of 2017.

The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index rose 2 percent in January 2018 compared with the previous month to a reading of 111.6.

The South Korean ocean carrier’s U.S. Premium Service that launched last May, which allows shippers to pay an extra 10-20 percent to get guaranteed space on ships and rapid discharge of their containers, has officially moved over 10,000 TEUs.

Pure Collection, a Harrogate, England-based cashmere apparel retailer, reportedly sent a large portion of the illicitly shipped merchandise to customers in Maine.

Although container volumes to and from the United States and Canada are both projected to continue to increase in the coming year, the countries will “have two very different tales to tell” in 2018, according to a new report from ocean carrier Maersk Line.

Japanese ocean carrier MOL received immunity for revealing the cartel, while the fines for CSAV, “K” Line, NYK and WWL-EUKOR were reduced for their cooperation with the investigation.

The Virginia House of Delegates Committee on Appropriations and Senate Finance Committee recently released their respective two-year state budget proposals, both of which contain funding for the widening and deepening of the Port of Norfolk Harbor Channel.

S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.

The cargo airline revealed its plans to begin shipping internationally in May by launching flights between the United States and Mexico.

The Honolulu-based ocean carrier posted a net income of $232 million for the full year in 2017, an increase of more than 185 percent compared with the previous year, according to Matson’s most recent financial statements.

Sparx Logistics in April will start an ocean and rail service to connect Asia with Houston using the Port of Lazaro Cardenas.

The German third-party logistics provider will expand into non-traditional services for the automotive sector, including the 3D printing of replacement parts and other “additive production” support.

Schiphol Cargo, the cargo operation of Amsterdam Airport, will be merged with the Aviation and Marketing Department, effective April 1.

Miami-Dade Aviation Department (MDAD) appoints new director and chief executive officer, while ECU Worldwide promotes regional sales manager.

A.P. Møller -Maersk CEO Søren Skou said the company is striving to become a “global integrator of container logistics” so that shippers can make arrangements by “just dealing with Maersk.”

Trucking companies are basking a bit in the rate renaissance that began in the fourth quarter of 2017, with Stifel’s conference last week showing it may only be the beginning.

FourKites snagged $35 million in a Series B funding round, including from existing investors, to help the freight visibility and analytics provider expand across modes and geographies.

Matt Motsick, who founded the rate management software company a decade ago, is now fronting the freight forwarding ERP provider Swivel.