Vessel losses declined 16 percent last year compared with 2015 and the number of shipping incident casualties also dropped on a year-over-year basis, according to a new report from insurance provider Allianz Global Corporate & Specialty.
Over 250 members of Congress have written a letter to House Ways & Means Chairman Kevin Brady calling for a long-term fix to the Highway Trust Fund, which serves as the primary federal funding mechanism for road and bridge infrastructure.
Ports covered by the Global Port Tracker handled 1.61 million TEUs in April 2017, the latest month for which after-the-fact numbers are available, a 4.8 percent increase from the previous month and 11.3 percent jump from the same 2016 period.
The European Union’s competition watchdog opened formal investigations into the licensing and distribution practices of Nike, Sanrio and Universal Studios as they relate to cross-border e-commerce within the EU single market.
The Silicon Valley-based trucking applications technology provider has already raised $21.5 million from Renren and Wicklow Capital of Chicago, among others, and is currently talking with investors about a Series B funding round.
Oregon’s Port of Portland is selling about 19 acres of land for $5.24 million to Clayco real estate development subsidiary CRG, which plans to build a 344,000-square-foot facility on the site.
Irvine, Calif.-based temperature-controlled warehousing and logistics company Lineage Logistics has acquired Partner Logistics, a Netherlands-based provider of automated warehousing and frozen storage solutions.
The 10,081-TEU Maersk Shanghai, which sails on 2M Alliance’s TP11/America service, still pales in comparison to the 20,568-TEU Madrid Maersk, which has been making the rounds in Europe as part of the alliance’s AE2 loop.
The Dubai-based port terminal operator and the Central Asian nation signed two agreements that aim to connect sea, land and air transportation networks through DP World’s “Port Community System,” according to a statement from the company.
The e-commerce giant currently only has one other facility in New York state, a Prime Now hub in Manhattan.
U.S., Indonesia agree to expand trade The U.S. met with Indonesia under the Trade and Investment Framework Agreement (TIFA) this week and agreed on next steps for resolving bilateral issues and expanding trade relations. Commerce rescinding review on utility scale wind towers The Department of Commerce is rescinding its administrative review of the countervailing duty […]
Lawmakers from the Senate Commerce, Science, and Transportation Committee on Tuesday released six principles for bipartisan legislation on self-driving vehicles ahead of the committee’s hearing on the subject Wednesday afternoon.
The French ocean liner has announced its intention to acquire Brazilian cabotage company Mercosul Line, currently owned by Maersk Line but up for sale as a condition of its merger with Hamburg Sud, by the end of 2017.
Mediterranean Shipping Co. (MSC), the second largest container carrier worldwide, currently has three vessels under time charter from the now-insolvent Rickmers Group.
Container cargo volumes at the Southern California port increased 3.4 percent last month compared to the same period last year, making it the busiest May in the port’s 110-year history.
The ENGIE Zeebrugge made its first weekly delivery of liquified natural gas to two PCTC vessels at the Port of Zeebrugge this week, according to joint owner NYK Line.
In addition to the smaller StreetScooter van, Deutsche Post will partner with Ford-Werke to develop a larger Ford Transit-type vehicle with a battery-electric drive train and body construction based on DHL specifications.
American Petroleum Tankers took delivery of the liquid bulk carrier Palmetto State, the last in a series of eight environment-friendly vessels built by West Coast shipbuilder General Dynamics NASSCO.
The Atlanta, Ga.-based parcel giant’s $260 million package processing facility will be completed by late 2019, with a portion opening this fall for the busy holiday season.
The Dubai, UAE-based cargo airline launched its first weekly freighter service to Luxembourg Monday as part of a collaborative service agreement with Cargolux.
