The all-cargo airline handled 158,000 metric tons of cargo during the first quarter of 2017, an increase of 17 percent compared with the same 2016 period.
The Japanese ocean carrer signed an agreement with Thermal Powertech Corp. India Ltd. on Thursday to provide energy resources for the electric company’s ongoing projects to power India.
USA Truck hires vice president, revenue operations, Day & Ross appoints president and CEO, NxtPort names new chief technology officer, and ECS Group nominates CEO.
Washington, D.C.-based think tank Institute for Science and International Security warns some export control reform actions could make it easier for pariah nations or terrorist groups to obtain sensitive U.S. technologies for weapons.
Despite a $16 million aggregate financial loss for ocean carriers in the first quarter, London-based maritime consultant Drewry is projecting a $1.5 million profit for the industry and may even upgrade that prediction going forward.
Representatives in the House Ways and Means Trade Subcommittee have introduced a bill aimed at improving U.S. competitiveness by reforming trade enforcement, encouraging domestic job growth and discouraging outsourcing.
The Ocean Network Express, comprised of Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha, is scheduled to commence April 1, 2018.
The 70 acres of property at the Point Breeze Business Center is expected to be used as a container storage location, but can also be used for automobiles and roll-on/roll-off storage, the Maryland Port Administration said.
Meanwhile, Commerce Department’s Census Bureau reported that new orders for manufactured durable goods in April decreased 0.7 percent to $231.2 billion after four consecutive monthly increases.
The Athens-based shipowner attributed a sharp decline in earnings primarily to the impact of ocean carrier Hanjin Shipping’s bankruptcy, which resulted in $22 million in lost operating revenue, as well as a weaker charter market for containerships.
A bipartisan group of 10 U.S. senators is urging Commerce Secretary Wilbur Ross to seek “fair competition” for U.S. imports of Mexican sugar, “rather than restricting commerce and increasing prices.”
U.S. Transportation Department’s Deputy Secretary Jeffrey Rosen has been tapped by Secretary Elaine Chao to head the department’s Regulatory Reform Task Force.
“While we’ve always been a freight forwarder, the bulk of our business has been driven by northbound transportation into the Canadian market,” Purolator International President John Costanzo said of the new service.
Bound for the North Atlantic trade, 96 new reefer container were delivered to Samskip in Rotterdam with additional reefers to be delivered by June 5.
Set to commence in July, the new route operated by Virgin Australia will offer bellyhold capacity on five Airbus A330-200 flights a week between Asia and Australia.
The Japanese shipping company joined up with the Norwegian technology company to bring automation and “big data” analysis on-board at sea.
Direct ChassisLink, Inc. names president, Kansas City Southern adds four new members to its board of directors, and Genesee & Wyoming appoints board chairman.
Rep. Alan Lowenthal, D-Calif., says he wants freight infrastructure to “declare its independence” from the Obama administration’s Fixing America’s Surface Transportation (FAST) Act because it is too closely tied to highway funding for states.
A group of 32 chief executive officers wrote a letter to the White House, saying they are willing to work with the administration to “modernize” the deal rather than on an overhaul that starts from scratch, the Wall Street Journal reported.
Heavy rains and flooding throughout the Great Lakes and St. Lawrence River region have authorities considering shutting down the seaway for shipping until water levels recede.
