Legislation to expand the scope and authority of the STB, the federal regulatory body responsible for economic oversight of the nation’s freight rail system, now goes to the president’s desk for approval.
Canadian Pacific shareholder and activist investor Bill Ackman of Pershing Square Capital Management said the rival railway’s resistance to CP’s takeover bid is “reasonably likely” to result in a proxy battle.
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration announced the adoption of a final rule requiring the use of ELDs across the trucking and bus industries.
Industry associations are urging environmental leaders at the COP21 climate talks in Paris to reinstate language surrounding the shipping and aviation industries to the draft agreement, saying regulations should be done through the IMO.
Management at the top-5 freight brokerage told Stifel that the complexity of the truckload market will make it difficult for Uber-like platforms to disrupt the freight brokerage market.
Cargo vessels calling ports along the Great Lakes-Seaway system are scrambling to finish their pick-ups and deliveries before the St. Lawrence Seaway, which connects the Atlantic to the Great Lakes, closes Dec. 30 for the winter.
The Jacksonville, Fla.-based Class I railroad will switch from the New York Stock Exchange to Nasdaq’s Global Select Market to align with where trading activity is already taking place.
The two airlines plan to expand their partnership to include cargo cooperation on routes between the United States and Europe.
The Chengdu-Europe express railway service, which opened in April 2013, is expected to bring cars from Germany to China in the future.
U.S. Chamber of Commerce names executive director of transportation infrastructure, while Intelligrated appoints general director of China operations.
A deal that would combine China’s two largest container shipping companies could come as soon as Friday, according to multiple media reports.
Shippers attending the Informa Cargo Logistics America conference in San Diego last week expressed concerns about new container weight regulations and the need for better port productivity in the United States.
Import cargo volumes at the nation’s major retail container ports in October dipped 0.1 percent from a year ago, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Ocean carriers Yang Ming, Hanjin and Hyundai will end their jointly operated WLX/SA2 loop between Asia, the West Coast of Mexico and the West Coast of South America next week and join existing services in the trade to maintain port coverage.
Jiang Lijun, executive director and president of COSCO parent China COSCO Holdings Company Limited, will be replaced by Deputy General Manager Xu Zunwu.
New rules require that after July 1, 2016 shippers will have to provide the “verified gross mass” of containers before they are loaded on ships.
Shares in Neptune Orient Lines, parent of container carrier APL, fell 0.41 percent yesterday after trading had been temporarily suspended due to an acquisition offer from French ocean carrier CMA CGM.
The Chinese ocean carrier launched its Israel Adriatic Service last week between Egypt, Israel, Slovenia, Italy and Greece.
The United States signed a mutual recognition arrangement on Tuesday with the Dominican Republic that will allow for increased collaboration between the two countries in supply chain security.
The strong increase in iron ore shipments from Canadian ports was not enough to offset the sharp decrease in loadings from U.S. ports, which is where the majority of Great Lakes shipments originate.
