President Trump on Tuesday signed an executive order to “slash the time it takes to get vital new infrastructure projects approved and delivered,” Transportation Secretary Elaine L. Chao said in a statement.
For fiscal year 2018, which begins Oct. 1, the Panama Canal is projected to see record tonnage of 429.4 million tons, as well as 13,000 transits, including 2,335 Neopanamax vessels, according to the Panama Canal Authority (ACP).
A temporary mandatory slowdown for vessels 20 meters (65.6 feet) in length or longer has been put in effect by the Canadian government, meaning that ship speed must be reduced to no faster than 10 knots when traveling in the western Gulf of St. Lawrence.
The western Canadian port handled 69 million metric tons of cargo during the first half of the year, up 3.9 percent from the corresponding 2016 period thanks to higher container volumes and strong overseas demand for Canadian grain products.
South Korea’s largest ocean carrier is considering launching a regular liner service via the Arctic Sea, a move that could cut transits between Asia and Europe considerably.
The Canadian all-cargo airline attributed a 15.8 percent year-over-year increase in net earnings for the second quarter to improved aircraft utilization and declining operating costs.
The German port handled 70 million metric tons of cargo during the first six months of the year, a 0.2 percent decline from the corresponding 2016 period.
Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes region, saw revenues of $32.3 million for the first quarter of fiscal year 2018, which ended June 30, 2017, a 4.4 percent decline from a year prior.
Air Berlin’s largest shareholder, Etihad Airways, has withdrawn its financial support, causing the company to resort to government loans to remain in the air for another three months.
A total of 943 incidences of cargo theft were recorded in the Europe, the Middle East and Africa region during the second quarter of 2017 by the SensiGuard Supply Chain Intelligence Center, a sharp uptick from the 586 incidents during the same 2016 period.
A cargo plane pilot pleaded guilty in a Florida district court Tuesday to operating a Boeing 747 freighter under contract to the U.S. military while intoxicated.
World’s-largest container carrier Maersk Line reported a highly profitable second quarter based on stronger-than-expected rates, but expects to lose $200 million to $300 million recovering from June cybersecurity breach.
Memo on intellectual property and China A presidential memorandum on the violations of intellectual property rights by China. USTR statement on POTUS memo The USTR Robert Lighthizer responded in agreement to the presidential memo on China’s intellectual property violations. AD/CVD investigations into paper The ITC is initiating antidumping and countervailing duty order investigations into uncoated […]
The transaction is expected to close in late-September, but financial terms of the deal will not be disclosed, according to a joint statement from the companies.
Ocean carrier Pacific International Lines, terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance, the companies said in a statement.
The South Carolina Ports Authority’s project to deepen the main channel in Charleston to 52 feet is still on track to begin this fall, SCPA said in a statement.
The major U.S. retailer has purchased San Francisco-based Grand Junction to provide last mile and local delivery solutions for e-commerce customers.
Port officials have approved the purchase of a high-voltage cable system that can connect more vessels to Oakland’s landside power grid.
The transportation management software provider will integrate real-time rate, transit time, and other shipment milestone APIs into its existing interface.
The nation’s ports have almost reached their total capacity allotment, causing ocean carriers to decrease port visits or impose surcharges for Chittagong imports, and spurring the government to allow the private sector to assist in reducing the congestion.
