American Shipper

Situated along Turkey’s Aegean coast, the deep-water container terminal is preparing to receive its first vessel call in March 2016.

The Federal Maritime Commission will also seek comment on revising service contract regulations.

The agreement provides increases to hourly pay rates, signing bonuses, changes to health-care and retirement plans, as well as “other positive modifications,” according to the Air Line Pilots Association, Int’l.

Trade Force Multiplier, a new company created by well-known international trade specialist Cynthia Allen, aims to help brokers, importers and exporters with automation and business process improvements.

According to the indictment, three FedEx employees allegedly rerouted wireless devices to two co-conspirators in a shipping theft scheme that defrauded FedEx of more than $1.7 million, the Department of Justice said in a statement.

Ocean carriers MSC and Maersk Line will downscale their transatlantic network for the winter season with the suspension of their jointly operated NEUATL4/TA4 between North Europe and the United States East Coast.

European regulators will continue scrutinizing the massive merger to determine if individuals and businesses will be negatively impacted by the tie-up.

Danish freight forwarder and logistics provider Leman agreed to the acquisition of all shares in Dalpa International Ltd yesterday.

The worldwide fleet grew at its slowest annual rate in over a decade in 2014, according to an annual study performed by the United Nations Conference on Trade and Development (UNCTAD).

The trucking and logistics company posted $32.1 million in net income on revenues of $534.4 million in the third quarter of 2015.

The German ocean carrier’s initial public offering valuation is affected by the underperforming container shipping market and underplays the company’s operational strength, according to the maritime consultant’s equity research division.

WorldBridge Logistics will use CargoSphere’s rate management platform and sharing tool Rate Mesh to quote more quickly and accurately across its network and global agent partners.

The seasonally adjusted For-Hire Truck Tonnage Index for September 2015 equaled 135.1, a year-over-year increase of 3.1 percent, according to the American Trucking Associations.

Saverco NV will attempt to buy the majority of remaining outstanding shares and privatize longtime Belgian vessel and cargo aircraft operator CMB.

The Danish ocean carrier added 12,900 PrimeLINE container refrigeration units to its fleet, the largest order ever placed for the units, according to Carrier Transicold.

The United Kingdom port will officially open its new food examination facilities Oct. 29.

The National Transportation Safety Board issued an update on its ongoing investigation into the sinking of the TOTE Maritime Puerto Rico cargo vessel.

The airline has appointed Senior Vice President and General Counsel Brett Hart acting chief executive officer while current CEO Oscar Munoz is on medical leave recovering from the heart attack he suffered last week.

The network will allow the Northwest Seaport Alliance of Seattle and Tacoma to better compete with other U.S. West Coast ports, Port of Seattle Commission Co-President Courtney Gregoire said in a statement.

Canadian National Railway and Canadian Pacific Railway are cutting rates by as much as 25 percent in an effort to entice shippers as crude oil prices continue to plummet, according to reports from Reuters.