American Shipper

The Washington-based National Foreign Trade Council has appointed Rufus Yerxa as its new president, effective May 9.

The Kenyan port’s new container terminal boosted its container handling capacity by 50 percent.

The privately owned port terminal operator did not release specific statistics underlying throughput growth across its network.

As part of the UPS Temperature True Cryo service, biomedical parcels holding samples and specimens can be packed in special tanks that keeps items in a deep freeze for up to 10 days.

The Shanghai Containerized Freight Index has posted continuous declines since the start of 2016, while the World Container Index has fallen 62 percent in the past year and is currently down 60 percent from its five-year average.

The self-described ocean shipping e-marketplace late Wednesday night released details of a new tool aimed at helping shippers to comply with International Maritime Organization verified gross mass requirements.

Deutsche Post DHL Group’s consolidated net profits (after non-controlling interests) fell 25.6 percent year-over-year to 1.5 billion euros on revenues that rose 4.6 percent to 59.2 billion euros compared with 2014.

Ports are catalysts for economic development, Secretary of Transportation Anthony Foxx and his colleagues said after visiting Tradepoint Atlantic, a 3,100-acre transportation and logistics hub being built on the grounds of the former Bethlehem Steel Mill.

After posting a $4.3 billion loss for 2015, Daewoo Shipbuilding & Marine Engineering Co., which just two years ago employed 55,000 workers, plans to further reduce its workforce from 42,000 to 30,000.

The record February volumes at the Southern California port reflected orders that were made prior to Lunar New Year lull, according to the Port of Long Beach.

Canadian Pacific Railway is continuing to pursue an acquisition of Norfolk Southern Corp., officially asking shareholders to force the NS board to engage in negotiations regarding a potential merger of the two Class I railroads.

The Trade Facilitation and Trade Enforcement Act of 2015 streamlines Customs and Border Protection procedures, reduces certain cross-border shipping costs, and strengthens enforcement of intellectual property rights, antidumping and countervailing duties.

The New Zealand port released a draft proposal for a new berth, which would require dredging and the construction of a new wharf.

Third party logistics services provider Dachser has set up a new central organization called Corporate Solutions, Research & Development to further develop industry-specific logistics solutions and bundle its research and development activities.

The German ocean carrier will become a member of the Deutsche Börse index, a Blue Chip Equity Index composed of 50 small and medium-sized companies.

Once UPS’s package sorting and delivery facility in Herne is upgraded, it will have an operating area of 25,000 square meters and a package sorting capacity of over 36,000 pieces per hour.

The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing in other assets like containers themselves.

The European port organization said Wednesday member states are still unclear on how to go about implementing and enforcing the new International Maritime Organization container weight verification guidelines due to come into effect July 1.

Air Transport Services Group has confirmed that it has reached agreements with Amazon Fulfillment Services to operate an airfreight network to serve the giant online retailer’s customers in the United States.

If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a new report from London-based shipping consultant Drewry.