Logistics systems provider Descartes Systems Group has acquired the assets of Progressive Computer Services, known as PCSTrac, for $11.25 million.
The fiscal year budget will help the port stay “laser-focused on targeted infrastructure improvements, technology solutions and strategic resource use,” according to Port of Los Angeles Executive Director Gene Seroka.
Although the Shanghai Containerized Freight Index rose on trades from Shanghai to North Europe to the Mediterranean, it declined on routes to the United States.
According to PIERS Data, South Korean ocean carrier Hyundai Merchant Marine handled 13,186 TEUs per week on the Asia to U.S. West Coast trade in April 2017, up 73 percent from 7,604 TEUs per week the previous year.
Saddle Creek names chief operating officer, Prince Rupert Port Authority appoints board member, the S.C. Department of Commerce names senior program director, and the American Trucking Associations’ executive director of the Intermodal Conference retires.
California is setting ambitious new environmental goals, but questions remain about whether truckers, marine terminals, and other links in the supply chain will be able to reach those goals, let alone at a price that keeps the state’s ports competitive.
Germany’s largest ocean carrier is looking to cut up to 12 percent of its almost 11,000 land-based employees, according to Rainer Horn, director of public relations at Hapag-Lloyd.
The Committee for Economic Development of The Conference Board said deferred maintenance and a growing gap between investment needs and available funds threaten the ability of our roads and bridges to deliver safe, reliable transportation.
The management board of HSH Nordbank AG has “surprisingly denied” approval of the term sheet for Rickmers Group’s planned financial restructuring, according to a statement from the company.
The Federal Aviation Administration will award up to $527.8 million in infrastructure grants to 584 airports across the country as part of the agency’s Airport Improvement Program.
The all-cargo airline handled 158,000 metric tons of cargo during the first quarter of 2017, an increase of 17 percent compared with the same 2016 period.
USA Truck hires vice president, revenue operations, Day & Ross appoints president and CEO, NxtPort names new chief technology officer, and ECS Group nominates CEO.
Washington, D.C.-based think tank Institute for Science and International Security warns some export control reform actions could make it easier for pariah nations or terrorist groups to obtain sensitive U.S. technologies for weapons.
Despite a $16 million aggregate financial loss for ocean carriers in the first quarter, London-based maritime consultant Drewry is projecting a $1.5 million profit for the industry and may even upgrade that prediction going forward.
The 70 acres of property at the Point Breeze Business Center is expected to be used as a container storage location, but can also be used for automobiles and roll-on/roll-off storage, the Maryland Port Administration said.
Meanwhile, Commerce Department’s Census Bureau reported that new orders for manufactured durable goods in April decreased 0.7 percent to $231.2 billion after four consecutive monthly increases.
The Athens-based shipowner attributed a sharp decline in earnings primarily to the impact of ocean carrier Hanjin Shipping’s bankruptcy, which resulted in $22 million in lost operating revenue, as well as a weaker charter market for containerships.
U.S. Transportation Department’s Deputy Secretary Jeffrey Rosen has been tapped by Secretary Elaine Chao to head the department’s Regulatory Reform Task Force.
“While we’ve always been a freight forwarder, the bulk of our business has been driven by northbound transportation into the Canadian market,” Purolator International President John Costanzo said of the new service.
Direct ChassisLink, Inc. names president, Kansas City Southern adds four new members to its board of directors, and Genesee & Wyoming appoints board chairman.
