The U.S. government has established an air transport agreement with the Mexican government designed to increase trade and travel between the two nations.
Oliver Seidl replaces outgoing Chief Financial Officer Lutz Freytag, who will resign his position Nov. 30 after nine years to “tackle new challenges and dedicate more time to his personal pursuits,” the company said.
A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.
The deferred airfreight transportation services and drayage provider attributed the loss primarily to one-time costs associated with its acquisition of TQI, which accounted for $27.4 million ($0.90 per diluted share) of the second quarter 2016 net loss.
The U.S. Justice Department said executives at LATAM’s predecessor, LAN Airlines, set up a fictitious $1.15 million consulting agreement in October 2006 with an advisor to Argentina’s Ministry of Transportation secretary.
The Baltic Exchange, which publishes indexes for the dry bulk shipping and tanker industries, sent an agreement to its 48 shipbroking panelists asking them to sign the agreement, which would facilitate the finalization of an offer by the SGX.
DHL Global Forwarding will provide breakbulk logistics services to a large mine in the African nation.
Logistics costs for businesses in the United States grew in 2015, while spending actually slowed by nearly half from the 5.1 percent compound average rate over the previous four years and was flat relative to the overall economy.
U.S. Customs and Border Protection has created a dedicated team to monitor violations of coastwise shipping rules as supporters tout the Jones Act’s homeland security benefits.
Major freight railroads in the United States employed 152,426 workers as of the middle of June 2016, down 0.2 percent from the previous month and 11.55 percent year-over-year, according to data from the Surface Transportation Board.
The 8,530-TEU CSCL container vessel Xin Fei Zhou scraped its side against the wall of one of the recently inaugurated locks of the important Central American waterway, according to a report from the Associated Press.
The intermodal center, which is scheduled to commence operations in the late summer of 2018, will enable shippers from surrounding states to more easily reach the Port of Savannah by rail instead of truck, the Georgia Ports Authority said.
The Hong Kong-based container carrier transported 1.5 million TEUs in the second quarter of 2016 on revenues of $1.1 billion.
The U.S. Commerce Department made its affirmative final determinations in the antidumping and countervailing duty investigations of imports of certain cold-rolled steel flat products from several nations.
Asset-light third-party logistics provider Landstar System posted a net income of $61.5 million on $1.49 billion in revenues for the first half of 2016, decreases of 12.8 percent and 8.8 percent, respectively, compared with the same 2015 period.
South Korean ocean carrier Hanjin is required to submit a plan for raising 1.1 trillion won to Korea Development Bank by the end of the month.
The GPS tracking and fleet management solutions provider has launched its latest platform, DIRECTOR, which offers features like fuel use tracking, messaging and routing, driver behavior analysis and data reporting.
Colona, Ill.-based Tennant, which has been in business for more than 70 years, is known for its transport of over-dimensional construction and agricultural equipment.
The Polish port saw general cargo volumes surge 31 percent year-over-year to 7.2 million metric tons.
The newly merged shipping conglomerate formed from the former companies COSCO and China Shipping has agreed to stop carrying shark fins on their ships, which are used as an ingredient in a popular soup served at banquets in China.
