The Department of Homeland Security is proposing $1.6 billion to drive construction of 65 miles of new southern border walling, and $1.9 billion for Coast Guard recapitalization to “secure maritime borders and approaches.”
The Campaign for Accountability (CfA) alleges that Heath Hall, who recently resigned as deputy administrator of the Federal Railroad Administration (FRA), violated criminal law by making false claims about receiving outside income while in office.
SeaIntel Maritime Analysis highlighted how utilization and rates on both the Transpacific and Asia-Europe container trades fell in late 2017 when carriers failed to limit capacity.
The trucking trade group has petitioned the agency to allow drivers to stop their 14-hour clock to take a rest break for up to three straight hours, and to eliminate the 30-minute break they must take during their first eight hours of duty.
The e-commerce giant is partnering with Berkshire Hathaway and JPMorgan Chase to create a new company that aims to reduce healthcare costs for their U.S. employees, the firms said in a joint statement.
Federal Railroad Administration Chief Counsel Juan Reyes on Thursday defended his agency’s enforcement of positive train control, an anti-crash technology railroads are expected to implement by Dec. 31, 2018.
Despite the Southern California port’s container volumes falling 2 percent in January 2018 from 12 months prior to 808,728 TEUs, it was only the seventh time it had eclipsed the 800,000-TEU mark in any single month.
U.S. Customs and Border Protection processed $2.39 trillion in imports during the year, with the number of imported cargo containers at U.S. ports of entry totaling over 28.5 million, a 5 percent increase from the prior year, largely due to e-commerce.
The port said its increase in exports, which increased 2.1 percent to 74,883 TEUs, were boosted by a weak dollar.
Lower sulfur fuel is expected to reduce deaths and illness from small particulate matter, but its use could also contribute to global warming.
The U.S. Senate confirmed Ronald Batory as administrator of the Federal Railroad Administration and Ray Martinez as administrator of the Federal Motor Carrier Safety Administration.
The Japanese shipping company revealed Tuesday that employees at its car carrier unit subsidiary in China may have “committed unlawful expenditure or embezzlement.”
The National Transportation Safety Board last week released its final report on the investigation of the El Faro, a cargo ship that sank in October 2015 during Hurricane Joaquin while en route from Jacksonville, Fla. to San Juan, Puerto Rico.
Lima, Penn.-based third-party logistics provider Pilot Freight Services saw its revenues rise 10 percent year-over-year to $639 million in 2017, according to a recent statement from the company.
A U.S. District Court in Minnesota sentenced a former Canadian Pacific Railway employee to a year in prison on Tuesday for his deliberate attempt to sabotage the company’s computer system.
Terminals operated by Yildirim Group subsidiary Yilport Holding handled 4.3 million TEUs of containerized cargo in 2017, and the firm expects to move 4.73 million TEUs this year, Yilport said in a statement.
Short-line and regional railroad operator Genesee & Wyoming (G&W) posted a net income of $549.1 million for the year, a 289 percent increase from 2016, according to the company’s latest financial statements.
However, the South Korean ocean carrier recorded a deeper net loss for the year, partly due to a 479.5 billion won loss in the book value of 10 containerships sold to Korea Shipping and Maritime Transportation in March 2017.
Demand is poised to outstrip supply in all three segments of the international ocean shipping industry in 2018, but risks of an ill-timed “ordering spree” for new ships remain, according to a recent report from credit ratings provider S&P Global Ratings.
The Hoofddorp, Netherlands-based third-party logistics provider will seek an initial public offering that would value the company at $1.5 billion by April, according to a report from the New York Post citing “a source close to the situation.”
