Some of Fortress Investment Group’s transportation-related holdings include Florida East Coast Railroad, Trac Intermodal, and Seacube Container Leasing.
Singapore-based Rickmers Maritime reported a net loss of $48.4 million for the fourth quarter of 2016, which was an improvement from the $129.6 million net loss for the fourth quarter of 2015.
Deutsche Post DHL Group and information and communications technology solutions provider Huawei Technologies are teaming up to develop a range of supply chain solutions using industrial-grade Internet of Things hardware and infrastructure.
Major container ports in the United States handled 18.8 million TEUs for the full year in 2016, up 3.2 percent from 2015, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.
The mid-Atlantic port handled a record amount of general cargo and containers in 2016.
As many as 40,000 people died in automobile crashes in the United States last year, an increase of 6 percent from 2015 and the most since 2007, according to a preliminary analysis by the National Safety Council.
In pier container volumes, or boxes handled, the port authority moved 104,792 boxes in January, surpassing the prior record of 104,003 containers in May 2015.
Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes region, recorded a net loss of $615,000 for its fiscal 2017 third quarter, which ended Dec. 31, 2016.
Starting March 20, 2017, the Deurganck dock in the Port of Antwerp, home to container terminals MSC PSA European Terminal (MPET) and DP World Antwerp Gateway, will be open round the clock on weekdays.
Alaska Airlines names new chief information officer, vice president finance and controller, and promotes two to managing director; while Siemens Postal, Parcel & Airport Logistics appoints chief digitalization officer.
Hyundai Merchant Marine has entered into a contract to acquire Hanjin Shipping terminals in Tokyo and Kaohsiung.
Meeting between Trump and Trudeau underscored integration of two economies, and differences to U.S.-Mexico relationship
The world’s second largest container carrier, Geneva, Switzerland-based Mediterranean Shipping Company, may acquire a stake in Ignazio Messina & Co.
Predictions vary on whether Trump is intent on ripping apart or revising NAFTA
The Jacksonville, Fla.-based Class I railway is asking for shareholder input after talks with hedge fund Mantle Ridge, which seeks to install outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of CSX, hit a wall this week.
The shipping marketplace and freight automation software provider raised $25 million through a “Series D” round of funding led by the logistics and supply chain company DB Schenker, which is also a uShip customer.
Marilee McInnis, director of international corporate affairs at Walmart, said although the retailer no longer does business with Hanjin due to the carrier’s bankruptcy, it is currently speaking with another Korean carrier regarding its shipping needs.
European Parliament members voted Wednesday to include maritime shipping in the European Emission Trade Scheme Directive by 2023, if there’s no comparable system operating in the International Maritime Organization by 2021.
The Canadian sailors’ union accepted a last-minute settlement offer put forward by the Government of Canada.
The French ocean carrier signed an agreement to develop digital booking for Alibaba sellers on services from China to the Mediterranean.
