The Ocean Network Express – consisting of Japanese ocean carriers “K” Line, MOL and NYK – will have a containership fleet of close to 1.4 million TEUs when it launches, giving it about a 7 percent market share based on today’s fleet, according to Drewry.
The Montreal-based Class I railway has been ordered to pay a federal fine of $2.5 million Canadian (U.S. $1.9 million) and a provincial fine of C$125,000 in relation to a diesel fuel discharge on the North Saskatchewan River in April 2015.
Meanwhile, UPS Freight rates are scheduled to increase by 4.9 percent effective June 26, the Atlanta-based parcel giant said.
The Commerce Department has determined that Chinese hardwood plywood is being dumped on the U.S. market at less than fair value.
The World Trade Organization has updated its website to offer shippers a clearer and more up-to-date view into its members’ legislation and practices as they relate to rules of origin.
Pilot Freight Services names new chief executive officer and president, while the Port of Tacoma hires new director of engineering, and Americold hires executive vice president and chief commercial officer.
President Donald Trump’s announcement in Miami on Friday that he will roll back the Obama administration’s U.S.-Cuba trade policies has left many industry groups in a sour mood.
The Greenwich, Conn.-based third-party logistics provider will focus on companies that will bolster its existing business lines, particularly in contract logistics, rather than adding new services, according to a Wall Street Journal report.
The International Chamber of Shipping is urging the United Nations’ International Maritime Organization to back a proposal that seeks to change the installation deadline for the Ballast Water Management Convention.
The U.S. Department of Agriculture, as part of its recently announced reorganization, has appointed Jason Hafemeister to acting deputy undersecretary for trade and foreign agricultural affairs.
The flight from Afghanistan to India, which officials from both countries hope will be the first of many, departed Monday carrying approximately $5 million worth of goods, according to a report form Reuters news service.
TOTE Services hires vice president, marine operations, government & commercial; while the Port Authority of New York & New Jersey names new director of tunnels, bridges and terminals.
The Federal Bureau of Investigation (FBI) is examining a false threat that a “dirty bomb” was on the Maersk Memphis at the Port of Charleston’s Wando Welch terminal, according to a report from Reuters news service.
Three previous chief operating officers at the Federal Aviation Administration (FAA) have expressed their support for President Donald Trump’s proposal to shift the air traffic control function of the FAA to a self-financing, non-profit organization.
Clayton Harris III, executive director for the Illinois International Port District at the Port of Chicago, is pushing for the passage of House Bill 1797, which would forgive a $15 million debt the port assumed in 1980.
Global third-party logistics provider annual revenues reached $802 billion in 2016, and are on track to exceed $962 billion by 2020, the consulting firm said in its latest 3PL market trends report.
The all-cash transaction for the specialty supermarket chain is valued at around $13.7 billion and expected to close during the second half of 2017, the companies said in a statement Friday.
Over 250 members of Congress have written a letter to House Ways & Means Chairman Kevin Brady calling for a long-term fix to the Highway Trust Fund, which serves as the primary federal funding mechanism for road and bridge infrastructure.
Ports covered by the Global Port Tracker handled 1.61 million TEUs in April 2017, the latest month for which after-the-fact numbers are available, a 4.8 percent increase from the previous month and 11.3 percent jump from the same 2016 period.
The Silicon Valley-based trucking applications technology provider has already raised $21.5 million from Renren and Wicklow Capital of Chicago, among others, and is currently talking with investors about a Series B funding round.
