In addition, the containership leasing company reported a profit of $20.7 million for the third quarter of 2016, down from $34.8 million a year earlier.
The new GENCO multi-tenant facilities are located in Memphis, Tenn. and Milton, Ontario, comprising 1.1 million square feet and 400,000 square feet, respectively.
Commercial Development Co. has acquired a 725-acre retired coal-fired power plant on the Ohio River, which the Ports of Indiana identified earlier this month as a favorable location for the development of the state’s fourth port.
RoadOne IntermodaLogistics names VP of Northeast sales, while BestTransport.com appoints president.
U.S. Customs and Border Protection auditors are becoming less lenient regarding trade law violations and are widening their enforcement net, partly due to pressure from Congress, which has repeatedly expressed concern about protecting domestic industry.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.
Geneva-based Mediterranean Shipping Co. has confirmed it is looking to buy the now insolvent South Korean shipping company’s 54 percent stake in the Southern California container terminal.
The total bill for bankruptcies and bailouts in South Korea’s ocean freight transportation and shipbuilding sector could also result in redundancies and layoffs of around 10,000 workers, according to a recent report from the International Monetary Fund.
OmniTRAX Logistics Services has agreed to purchase all assets belonging to Terracor Group, including three transload facilities in Texas and Montana, as well as a frac sand mining opportunity in Wisconsin, the company said in a statement.
The strong growth was largely due to an increase container trade between the port and Asia, which surged 19 percent year-over-year to 336,791 TEUs.
The Bonn, Germany-based parcel carrier said it will impose a 4.9 percent general average price increase for its U.S. account holders, effective Jan. 2.
APM Terminals (APMT) has ordered 12 remote-controlled ship-to-shore cranes and 32 automated rail-mounted gantry cranes to handle containers at the APMT MedPort Tangier facility now under construction at the Tanger-Med II port complex.
The European port reported a 1.9 percent year-over-year decline in cargo volumes for the first nine months of the year, largely due to the drop in coal and iron ore shipments.
The owner and the operator of the Gallia Graeca, a Greek ship that dumped oily bilge into the Pacific Ocean, were found guilty in June 2016 of violating the Act to Prevent Pollution from Ships, as well as for falsification of records and fraud.
Scheduled to commence in March 2017, the new direct route between its hub at London Heathrow and New Orleans International Airport will be the first of its kind, the global airfreight carrier said in a statement.
FedEx Express entered into an agreement with Korail Networks to utilize the Korea Train eXpress network to transport time-and temperature-sensitive healthcare shipments.
The Icelandic shipping company said its Blue Line service will drop a call at Hamburg in favor of a call at Bremerhaven, which offers excellent connections via Bremerhaven to Asia, Africa, South America and North America.
The Netherlands-based third-party logistics provider has appointed Peter Waller chief finance officer and member of its executive board.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued freight rate increases.
