American Shipper

Oft-overlooked aspect of corporate compliance is thorough vetting of overseas visitors

Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.

After falling in 19 of the previous 21 months, railway employment levels in the United States in February 2017 ticked up 0.28 percent from the previous month, according to recent data from the U.S. Surface Transportation Board.

The Athens, Greece-based containership lessor has entered into a Securities Purchase Agreement with Kalani Investments for the sale of up to 150,000 newly designated series B-1 and B-2 preferred shares, according to a statement form the company.

The U.S. Department of Agriculture’s Food Safety and Inspection Service said it will step up pathogen testing on all shipments of raw beef and “ready-to-eat” products from Brazil, instead of imposing a ban on these imports.

The Port of Savannah’s Garden City terminal received the first of four new neo-Panamax ship-to-shore cranes, and the remaining three will arrive by late April.

The airfreight carrier’s cargo volumes from Europe to Asia Pacific jumped 23 percent in the first two months of 2017 thanks to “widely reported” capacity constraints in ocean shipping, according to David Shepherd, commercial director at IAG Cargo.

The Washington State Supreme Court decision affirmed an appellate ruling that found the port’s lease with Vancouver Energy for a proposed crude oil transfer terminal complies with the State Environmental Policy Act (SEPA).

The express airfreight carrier division of FedEx Corp. will commence a new freighter service between subsidiary TNT Express’ air hub in Liège, Belgium, to the FedEx World Hub in Memphis, Tenn. in early April 2017, the company said in a statement.

The new Liverpool2 container terminal, link-span bridge at the Port of Heysham, and the newly-opened Bay Gateway are expected to increase economic prosperity in Lancashire, the port operator said.

The inland river port in Oaklahoma shipped 256,488 tons of waterborne cargo in February, down slightly from one month prior.

The German cargo airline said improvements to the Cool Center are slated for completion later this year and will expand the center to 8,000 square meters.

The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.

USTR pick Lighthizer hammers home Trump trade agenda points during Senate hearing

There’s a looming mandate for container lines to run on ultra-low sulfur fuel. Is the industry ready for the implications?

Senators propose fix to IRS code to promote manufacturing jobs

Political dispute in Senate delays confirmation of Robert Lighthizer for U.S. Trade Representative

Panelists at JAXPORT conference wade through weighty trade and domestic policy issues facing freight world

The Memphis, Tenn.-based integrator posted a net income of $562 million on revenues of $15 billion for the third quarter of its fiscal year 2017, which ended Feb. 28, year-over-year increases of 10.8 percent and 18.1 percent, respectively.

One intermodal chassis provider, however, the North American Chassis Pool Cooperative, will maintain its current pricing for both pool and premium chassis despite increased labor costs and inventory and fleet enhancement efforts, NACPC said in a statement.