The White House released a list of objectives for a new infrastructure investment bill that reiterated President Trump’s objective of streamlining the project permitting process, but was scant on details of how the plan would be funded.
The agency will collect comments from stakeholders on costs, benefits, risks, and challenges to adopting positive train control systems through May 7.
Without compromise, there is a risk of no agreement on a meaningful strategy to cut down on carbon dioxide emissions, the International Chamber of Shipping said.
The containership owner and operator, which was established in 2017, closed out the year with a fleet of 41 vessels, 29 of which had been taken over by the end of the year, and has no plans on letting up.
Container volumes at the Port of Jacksonville in North Florida jumped 25 percent year-over-year to 100,346 TEUs in February 2018, thanks in large part to a 35 percent increase in shipments to and from Puerto Rico.
Norfolk Southern (NS) promotes vice president strategic planning and vice president industrial products; Port of New Orleans adds to board of commissioners; and CSAFE Global names new CEO.
The Texas port has pushed for more funding for its channel project as the booming energy industry in the area continues to grow.
Some say the current drop off in ocean freight rates is indicative of weakening fundamentals caused by persistent overcapacity, while others argue it’s just part of typical seasonal demand swings, but it’s likely a bit of both.
The board of the Diamond State Port Corp., which oversees the Port of Wilmington, is scheduled to consider Gulftainer’s proposal April 6, John Haroldson, director of marketing and trade development at the port told American Shipper.
Imports of steel to the United States stood at 2.36 million net tons in February, an 18 percent decline from the previous month and a 13 percent year-over-year drop, according to the latest data from the American Institute for International Steel (AIIS).
United States gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the “third” estimate from the Department of Commerce, down from 2.5 percent from its previous projection.
Fleets have reacted to concerns about the driver shortage by raising pay, improving benefit packages, and offering other enticements to recruit and retain drivers, said Bob Costello, American Trucking Associations’ chief economist.
The cargo divisions of Delta Air Lines and partner Air France/KLM have placed their cargo operations into a single warehouse at the Seattle-Tacoma International Airport.
Thanks to its merger with UASC last May, Hapag-Lloyd has strengthened its presence on routes between Asia and North Europe, and now has the strong fleet it needs to prosper, according to Hapag-Lloyd CEO Rolf Habben Jansen.
The Taiwanese ocean carrier turned a profit in 2017 amid significant increases in consolidated revenues and volumes as it encountered tailwinds from a recovering shipping market.
The Dubai-based port terminal operator will establish the Democratic Republic of the Congo’s first deep-water port, with the first phase of construction starting this year and taking about 24 months to complete.
The port terminal operating arm of Chinese state-run conglomerate COSCO Shipping reported a net profit of $512.45 million for the full year in 2017, a 183.2 percent increase from the prior year.
Teamsters employed with the East Moline, Ill.-based less-than-truckload carrier voted to ratify a new contract that will remain in place through March 5, 2021.
The CMA CGM subsidiary will use space on an existing loop between Asia, Mexico and the West Coast of South America, effective April 6.
Pricing on routes between Shanghai and the rest of the world fell another 4.3 percent last week, continuing a steady decline that began in early February, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
