The American Waterways Operators has released a study documenting the contribution of the U.S. tugboat, towboat and barge industry on the nation’s economy.
U.S. freight volumes across all modes will see 2.8 percent growth in 2017 followed by a 3.4 percent average annual increase through 2023, according to forecasts from the American Trucking Association’s Freight Transportation Forecast 2017.
Infrastructure Advisory Council The President of the United States will establish an advisory council to investigate the nation’s infrastructure until December 2018. Investigation into roller bearings The International Trade Administration is initiating an less-than-fair-value investigation into tapered roller bearings from Korea. New low in trade restrictions The WTO has recorded the lowest monthly average in […]
The Malaysian port terminal operator saw net profit for the second quarter of 2017 fall 6.9 percent compared to the same 2016 period, primarily due to lower container throughput at its terminals.
Launched in November 2015, BCG xChange aims to make it more efficient for ocean carriers to reposition empty cargo containers and has now introduced a new feature allowing users to track the full journey of those containers.
Air cargo pilot program The Air Cargo Advance Screening pilot program will be expanded to run for six months. Reinforcing bar determination The Department of Commerce determines dumping of imports of steel concrete reinforcing bar fro Taiwan. Proposal for transparency WTO members suggest a proposal for transparency and access to information regarding governmental regulations on […]
Two U.S. government officials said the crew of the USS Fitzgerald committed multiple mistakes and failed to take action leading up to a deadly collision with the NYK-operated ACX Crystal, according to a report from CNN.
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.
