American Shipper

With a range of 200 miles, the drayage truck will operate from the ports of Los Angeles and Long beach to local warehouses.

The European Investment Bank and Netherlands-based ABN AMRO have agreed to provide 150 million euros (U.S. $162.8 million) to support investments that aim to make the European shipping fleet more environmentally sustainable.

The global railcar lessor’s diluted earnings per share stood at $1.44 for Q1 2017, down from Q1 2016, but still surpassing analyst expectations thanks to higher-than-expected gains on railcar sales.

The e-commerce provider will offer next-day delivery in Santiago and other major Chilean cities, with two-to-three-day delivery services across the rest of the country.

Falling costs and the value of data are spurring renewed interest in physical asset tracking in container logistics.

The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.

Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.

The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.

Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.

Total deal value in the transportation and logistics industry for the quarter dropped 38 percent despite deal volume growing 26 percent percent compared with the same 2016 period, according to a new report from PricewaterhouseCoopers.

Newbuild orders for shipyards in China fell 25.4 percent year-over-year to 5.54 million deadweight tons in the first quarter of 2017 amid continued weakness in demand, according to a report from the China Association of the National Shipbuilding Industry.

The construction of a new rail line to serve the Pacific Northwest seaport, scheduled for completion in November, will increase its current on-terminal rail footprint from 9,200 lineal feet to 12,500 lineal feet, the port authority said in a statement.

The Swiss-based third-party logistics provider’s net turnover for the quarter rose 7.2 percent from the corresponding 2016 period, while the seafreight and airfreight segments experienced a boost in volumes.

World Direct Shipping will continue bringing refrigerated produce and other goods into Port Manatee from the Port of Coatzacoalcos in Veracruz, while trade representatives from Colombia are seeking to boost ties with the Floridian Gulf Coast port.

Intermodal pricing increased 4.8 percent for the month compared with the same 2016 period, just the six year-over-year increase since December 2014 and the second largest since January 2012, according to the latest Cass Intermodal Price Index.

The international freight forwarder and third-party logistics provider recorded a boost in volumes for the quarter from a year prior as margins remained under pressure.

Truckload pricing slipped another 0.9 percent in March 2017 compared with the same month a year ago, the 13th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.

The task force, comprised of shipping CEOs and union reps, formalized 11 key policy goals to enhance the country’s maritime sector.

The logistics provider will expand its presence into Mexico via its subsidiary, BNSF Railway Servicios de Logistica, located in Queretaro, Mexico.

The logistics real estate owner will begin constructing a logistics center at the German port in May 2017.