American Shipper

The new super post-Panamax container crane capable of moving cargo on and off 14,000-TEU ships was damaged during set-up.

Express carrier UPS said it will invest more than $400 million to build a 1.2 million-square-foot regional package sorting facility on Atlanta’s west side.

The integrated third-party logistics provider grew net profits in third quarter 2016 despite revenues slipping 7 percent year-over-year to 312 million Kuwaiti dinars (U.S. $1.03 billion), according to the company’s most recent financial statements.

FedEx Trade Networks, the freight forwarding subsidiary of FedEx Corp., has opened an office in Penang, Malaysia.

The Jersey City, N.J.-based bulk freight shipping services provider reported net income applicable to common stockholders for the fiscal year 2017 second quarter, which ended Sept. 30, tumbled 77.5 percent year-over-year to $2.6 million.

Envirotainer appoints CEO, while B&H Worldwide names regional director for Europe, the Middle East and Africa.

Hurricane Matthew caused extensive damage at the Freeport container terminal, forcing carriers to reroute vessels and take other steps to deliver cargo.

Peter Keller, executive vice president of TOTE, which has put two containerships fueled with liquefied natural gas into service between Florida and Puerto Rico, chairs the group, SEA/LNG.

In addition, the Singapore Exchange confirmed the appointment of Mark Jackson as chief executive officer of the nearly 275-year-old Baltic Exchange, effective Jan. 31, 2017, according to a joint statement from the firms.

Singapore’s sovereign wealth fund will acquire P3 Logistics Parks, Europe’s largest logistics real estate developer and property manager, from TPG Cambridge and Ivanhoé Cambridge, P3 said in a statement.

The World Trade Organization has agreed with the United States to establish a dispute settlement panel to examine China’s export duties and quotas on 11 raw materials.

U.S. steel exports reached 795,318 net tons in September, falling 2 percent from September 2015, while U.S. steel imports totaled 2.74 million net tons, falling nearly 20 percent from last September.

The Washington state port said the available property for developing a marine terminal to handle bulk minerals or automobiles is about 40 acres on the southern portion of Terminal 5.

Dunavant Global Logistics Group has opened an operation in Shenzhen and Hong Kong, in addition to acquiring longtime Mobile, Ala.-based customs broker John M. Brining Inc.

Jeffrey S. Musser, the president and chief executive officer of Expeditors International, said the company shipped record volumes in both air and ocean freight during the quarter.

Union Pacific Railroad has increased train speed from 40 mph to 60 mph on a 4-mile stretch between Plaza Parkway and River Road in Modesto, Calif., according to a statement from the company.

U.S. Customs and Border Protection agriculture specialists at the George Bush Intercontinental Airport in Houston found multiple egg masses and pests inside a commercial shipment of fresh Brazilian papayas.

CSX names vice president-industrial products, while Target appoints former Walmart logistics executive to senior VP of network planning and operational design, and the European Sea Ports Organization elects its next chairman.

Donald Trump used harsh anti-trade rhetoric during his campaign, leaving many to wonder if tariffs and other trade barriers will be implemented at the expense of export and logistics jobs.

The Bonn, Germany-based parcel carrier and logistics provider posted a third quarter 2016 net profit of 618 million euros, a significant increase from just EUR 49 million in third quarter 2015, even as revenues slipped 3.9 percent to EUR 13.9 billion.