The Class I railway has discontinued various direct lanes for intermodal freight that originated or terminated in Columbus, Ohio and Detroit, Mich. as part of its transition to new CEO Hunter Harrison’s precision scheduled railroading model.
The Southwest Washington state port has entered into an agreement to lease its Bridgeview Terminal to Philadelphia-based commodities distributor International Raw Materials, which plans to to make Longview it flagship facility for dry-bulk cargo exports.
The port terminal operator arm of China’s COSCO Shipping posted rising container volumes for September 2017 over the same period a year ago, with an overall monthly throughout increase of 18.3 percent.
The all-cargo airline will be the first to offer a direct route between the two cities and expects to transport machinery parts, chemicals and transport equipment, IAG Cargo said in a statement.
U.S., Canadian, and Mexican government officials charged with renegotiating the North American Free Trade Agreement (NAFTA) expressed disappointment in the outcome of the fourth round of the talks completed on Tuesday, but vowed to stay at the table.
A group of 14 trade associations is calling on United Kingdom and European Union negotiators to ensure a seamless customs transition period once the U.K. officially exits the EU in March 2019.
Trilateral Statement regarding NAFTA Negotiations The three countries will have a longer intersessional period before the fifth round of negotiations. Closing Statement regarding NAFTA Negotiations The U.S. Trade Representative issued a statement on the conclusion of the fourth round of NAFTA negotiations, expressing his disappointment with the lack of progress thus made. Full reviews regarding […]
APL CEO Nicolas Sartini wants his company to successfully differentiate itself from competitors amidst a high-demand industry, and hopes the ocean carrier’s recently-announced guaranteed services solution will do just that.
E. Hunter Harrison, president and chief executive officer of CSX, said the Jacksonville, Fla.-based Class I railway’s results for the quarter reflected “the resiliency of precision scheduled railroading.”
Maersk Chief Operating Officer Soren Toft said that as growth in the shipping industry slows, merger and acquisition activity may begin to pick up again, according to a report from the Straits Times.
Class I railway Canadian Pacific’s (CP) net income for the quarter surged 47 percent year-over-year to $510 million Canadian (U.S. $408 million) amid higher revenues and volumes, according to the company’s most recent financial statements.
A total of 13,548 vessels transited the Central American waterway during FY 2017, a 3.3 percent increase compared to the previous fiscal year’s total, according to statistics from the Panama Canal Authority (ACP).
The Japanese ocean carrier and Chilean logistics firm have created a joint venture, KAR Logistics, to serve the growing car import market in Chile and the surrounding area.
A new deep-water port will be constructed in Anaklia, Georgia, located along the eastern Black Sea, according to the Anaklia Development Consortium.
The third-party logistics (3PL) solutions provider will offer 19.33 million shares in an initial public offering for an expected return of $107 million, .
The Middle Eastern transshipment hub port has completed its $35 million expansion project with the delivery of four new super post-Panamax cranes, the terminal stated via social media.
Ports along the St. Lawrence Seaway handled 24.3 million metric tons of cargo between March 20 and Sept. 30, an increase of nearly 3 million metric tons over the same period last year, spurred by strong growth in iron ore shipments.
DB Cargo AG CEO to resign at the end of October; LOC Group appoints CEO and group deputy chairman; and KCS names vice president, health, safety and environmental.
Panel report: restrictions on chicken imports The WTO issued a panel report regarding Indonesian restrictions on chicken imports. Determination regarding steel nails from Vietnam The ITA has determined that the mandatory respondents Truong Vinh Ltd. and Rich State Inc. received countervailable subsidies during the period of review. Rescinding administrative review on PET resin The Department […]
The typical American household could save between $54 to $288 a year if import tariffs, which still “represent a significant friction to trade,” were removed, according to a new report from the U.S. International Trade Commission (ITC).
