Chinese telecom firm ZTE says the Commerce Department’s latest embargo will “severely impact the survival and development” of the company as well as cause harm to its U.S.-based partners.
The February reading of FTR’s Trucking Conditions Index, along with steadily increasing orders for Class 8 trucks and trailers, “reflects an environment for carriers that has never been better,” according to the freight transportation analyst.
Wall Street analysts tracking the Class I railroad said the $639 million still fell short of expectations.
Officials from the French Atlantic port have proposed more than 500 million euros (U.S. $613.5 million) in investments following a 14 percent increase in container traffic in 2017.
But Vietnam’s national shipping company sees growth ahead after public stock offering this summer.
Turkey-based Yilport Holding has started the first phase of dredging the channel to Ecuador’s marine terminal, which it took over in March 2017.
Report says the government will place orders for 200 vessels over the next three years.
The intermodal equipment provider and chassis pool operator has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to the development of blockchain for the freight transportation industry.
Matthew M. Sturges formerly was majority staff director for the House Transportation and Infrastructure Committee.
The U.S. Justice Department said Christopher M. Holbrook used excessive force against an individual in Las Cruces, N.M., and then falsified his report.
The Los Angeles Harbor Commission appoints a new president and the Port of Vancouver USA hires a director of economic development, while Acuitive Solutions names its chief operating officer.
The French container carrier and shipping company announced Friday that it had reached a deal to acquire an equity stake of nearly 25 percent of the global logistics company.
The French container carrier and shipping company announced Friday that it had reached a deal to acquire an equity stake of nearly 25 percent of the global logistics company.
Amid posting a 19.3 percent year-over-year drop in net earnings, the Class I railway faces a “potentially devastating” work stoppage.
AutoMobile International Terminal’s vehicle processing roll-on/roll-off facility is expected to be completed by the end of 2019.
The shipping analyst said shipments of soybeans from the United States to China were down by 18 percent or 2 million tons in first two months of 2018.
San Francisco’s Red and White Fleet is running on a biofuel made at a Singapore refinery.
Sweden-based West Atlantic Group will operate the plane, which it expects will “improve reliability, lower aircraft operating costs and provide a better environmental footprint.”
Perishables specialist Streamlines will offer weekly service for containerized reefer cargo from U.S. South Atlantic to North Europe ports.
The freight forwarder and third-party logistics provider increased year-over-year consolidated profits and revenues in Q1 with airfreight volumes inching up amid lower ocean freight volumes.
