The industrial real estate services and investment management firm said it anticipates low interest rates, healthy consumer spending and strong e-commerce will boost industrial and logistics real estate growth in 2017.
The company’s $1.3 billion investment will be made throughout Mexico, and will involve building distribution centers and expanding existing ones.
The index remained practically unchanged since last Friday, inching up 0.3 percent to a reading of 797.62.
Annualized turnover rates at large truckload fleets fell another 2 percentage points to 81 percent in the third quarter of 2016, the lowest level since second quarter 2011, according to the American Trucking Associations.
The Chicago-based technology company more than doubled its headcount and tripled its office space after securing its first round of outside funding in September.
The chief and second engineers of the Top Ship cargo vessel were sentenced Thursday to jail for their role in obstructing a U.S. Coast Guard inspection in July 2015 on board the ship in North Carolina’s Port of Wilmington.
The Port of Virginia experienced its second busiest month ever in November for container volumes, handling 236,155 TEUs.
The United States exported higher amounts of beef and pork in terms of volumes and value in October compared to a year prior, but lamb exports were on the decline.
President Obama has sent his nomination of Ann Begeman for a second five-year term on the U.S. Surface Transportation Board to the Senate floor, according to a statement from the White House.
The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.
American Soybean Association elects president and vice president, while the IATA FIATA Air Cargo Program nominates governance manager, and Hill Dickinson hires global head of shipping.
The Oct. 19 AS Daily news report, “Crowley gets green light for sea-air transshipment in Miami,” suggested that the Miami forwarder was the first to offer such a service to the United States. However, American Shipper has learned that some forwarders employed the intermodal mode in Seattle during the 1990s until the early […]
The Air Cargo Advanced Screening rulemaking is making its way through the interagency process, but will be grounded until the Trump administration reviews it.
Taneli Ruda, head of ONESOURCE Global Trade, said companies can exert little control over the macro conditions that impact trade, but they can use today’s low-growth trade environment as an opportunity to review and optimize their processes.
Despite a populist backlash championed by Donald Trump against the outcome of free trade deals, Sen. Johnson and other Republicans are cautioning against protectionism.
The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
H.R. 6455, the “Energizing American Maritime Act,” would require that up to 30 percent of exports of LNG and crude oil travel on U.S.-flagged vessels.
The Rhode Island Department of Transportation is asking for proposals from firms to design, build, operate and maintain electronic tolling facilities for the state’s truck-only tolling program, which has been met with protests from industry organizations.
Combined United States carload and intermodal cargo volumes ticked up 1.1 percent for the month following several consecutive months of year-over-year declines, according to data from the Association of American Railroads.
The four-year contract is scheduled to take effect on Dec. 19 and includes an initial increase in base wages for Captains and First Officers of more than 55 to 75 percent, with additional yearly wages.
