The U.S Department of Transportation and Federal Aviation Administration are expected to use the program in the development of a regulatory framework to allow more complex low-altitude operations, plus identify ways to balance local and national interests.
The second intersessional climate talks held last week by the International Maritime Organization (IMO) concluded with a structural agreement, yet no details on CO2 reductions were finalized.
Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.45 billion for the third quarter of 2017, up 26.5 percent from the corresponding 2016 period.
The North Atlantic port handled 573,458 TEUs in September, a 15.2 percent increase from 12 months prior, back when 18,000-TEU ships were not able to sail beneath the Bayonne Bridge.
Germany’s Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operator Deutsche Bahn, could be taken up again, according to a report from Reuters last week.
Self-steering mega container vessels, overcapacity and industry consolidation could lead to further reduction in the number of shipping lines, as well as the extinction of the standalone freight forwarder, according to a new report from McKinsey & Co.
The deadline for public comments to be received on a provision regarding electronically controlled pneumatic (ECP) brakes in a Pipeline and Hazardous Materials Safety Administration hazmat tank car final rule is 11:59 pm Eastern time, Nov. 1.
Chicago-based freight broker and third-party provider Echo Global Logistics recorded a net income of $2.4 million on revenues of $509.5 million for the quarter, according to the company’s most recent financial statements.
North America recorded an 8.9 percent jump in domestic freight in August and a 10.7 percent jump in international freight during August, according to recent data from Airports Council International (ACI).
Class I railroads Canadian National (CN) and Norfolk Southern (NS) have established a joint interline service to bypass interchange points in the historically congested rail hub of Chicago, reducing transit times by up to 48 hours.
The Jacksonville, Fla.-based asset-light provider of integrated transportation management solutions recorded earnings per share (EPS) of $1.01 for the quarter, surpassing the street consensus estimate and Q3 2016’s EPS of $0.86 per share.
The North Liberty, Iowa-based trucking and logistics provider recorded a net income of $7.9 million on revenues of $182.1 million for the quarter, according to the company’s most recent financial statements.
Airfreight wholesaler Air Menzies International will utilize Crowley Logistics’ CrowleyFresh refrigerated warehouse as a consolidation center, while Crowley will also provide truck delivery and pre-screening services for export cargo.
Class I freight railroads in the United States employed 146,673 workers as of the middle of September 2017, a 0.44 percent decline month-over-month and a 3.81 percent decline year-over-year, according to data from the Surface Transportation Board (STB).
The Lake Oswego, Ore.-based railroad transportation equipment manufacturer’s revenues for its fiscal fourth quarter, ending Aug. 31, 2017, increased 39 percent from the previous quarter while fiscal year revenues dipped 19 percent from the year prior.
In order for the current short-term bounceback in the container market to turn into a true recovery, carriers must stop ordering new larger vessels and continue high levels of ship scrapping, according to speakers at the 2017 IANA Intermodal Expo.
Final phase of investigations into large civil aircraft from Canada The Commission has scheduled the final phase of antidumping and countervailing duty investigations into imports of 100- to 150-seat large civil aircraft from Canada. U.S. Dolphin Safe-Labeling requirements found compliant with WTO The WTO has rejected Mexico’s claim that the U.S. discriminates against Mexican tuna products […]
The regional port industry in New York and New Jersey was responsible for $25.7 billion in personal income and $64.8 billion in business income last year, according to a recent study from the New York Shipping Association (NYSA).
The World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which entered into force earlier this year, provides hope that trade bottlenecks can be cleared, as WTO members have committed to removing administrative and customs-related barriers.
The Danish global transport and logistics provider posted profits of 826 million Danish krone (U.S. $128.5 million) on net revenues of DKK 4.1 billion for the quarter, year-over-year increases of 49 percent and 2.4 percent, respectively.
