Kansas City Southern posted record second quarter revenues of $656 million, a 15 percent year-over-year jump, fueled by carload volume growth in four out of the Class I railroad’s six major commodity groups.
The Senate Appropriations Committee has approved the FY2018 Energy and Water Development Appropriations Bill, which allocates $6.2 billion for the Army Corps of Engineers, up $190 million from FY2017 and $1.2 billion from the president’s budget request.
The port authority’s fiscal year 2017 saw a 6.7 percent volume increase compared to the year prior, with all cargo, including containerized cargo, reaching record fiscal year highs.
The new weekly service is being supported by three dedicated vessels providing direct transits through the Panama Canal between Miami and a handful of cities in Ecuador and Peru.
The National Shipping Company of Saudi Arabia’s net profit tumbled 51.6 percent year-over-year for the first half of 2017, but looking ahead, it plans to complete the establishment of a joint venture with Bolloré Logistics Sas by the third quarter of 2017.
The Qatar-based shipping and logistics company has launched a service with two loops and five weekly sailings between Qatar and Oman, according to a recent tweet.
Philly Shipyard has declined to name the entity that it signed the agreement with, saying only that it’s “a blue chip U.S. shipping operating company.”
The port saw substantial increases in eight of the ten market segments during the first half of the year.
As part of the study, the speed of participating vessels will be reduced through waters in the Pacific Northwest when it’s feasible and safe to do so, between Aug. 7 and Oct. 6.
The United Kingdom port terminal will get two new 59.5-meter cranes, while ten existing cranes will be raised to a height of 46.5 meters, the port authority said in a statement.
The “Uber for shipping” start-up will be moving operations to San Francisco – and halting those elsewhere – in wake of decreased profitability, according to CEO Kevin Gibbon.
The U.S. Justice Department said Italian national Rosario La Marca, 54, will spend the next 37 months in prison for illegally smuggling counterfeit iPhones, iPads and iPods from China into the United States.
The Great Lakes region has seen steady economic growth, with cargo shipping increasing two million metric tons more in Q2 than during the same period last year.
The ground handling and air cargo services provider’s new 138,000-square-foot facility is equipped with two cold storages, 35 truck docks, and has adjacent aircraft parking with in-ground fueling and power units.
Genesee & Wyoming Australia appoints CEO, the Port Authority of New York and New Jersey’s board of commissioners selects a new vice chairman for the port authority, and Roadrunner Transportation Systems adds two members to its board of directors.
Although 19 states have passed laws regarding autonomous vehicles, they vary from state to state, posing challenges to the implementation of the technology, according to Larry O’Rourke, manager at global consulting and technology services firm ICF.
OFAC Sanctions Sixteen people and entities have been placed on the Office of Foreign Assets Control’s Blocked Persons list. Defense Trade Advisory Group meeting The meeting is open to the public and will discuss topics regarding electronic filing, defense service, technical data release and others. “U.S. Manufacturers to Europe & Beyond” The ITA will hold […]
In addition, the Danish ocean carrier has implemented “different and further protective measures” in its cyber security in the wake of the June 27 Petya virus attack that all but crippled the company’s IT systems.
Global Container Terminals, which operates facilities in the ports of New York/New Jersey and Vancouver, Canada, appointed Doron Grosman president and chief executive officer, replacing Stephen Edwards, who served in the position since September 2012.
Despite removing 900 locomotives and 60,000 freight cars from operation and cutting 2,300 workers this year, those numbers will continue to go up, the railroad’s new CEO Hunter Harrison said during an earnings call Wednesday.
