Maritime

The index remained practically unchanged since last Friday, inching up 0.3 percent to a reading of 797.62.

Annualized turnover rates at large truckload fleets fell another 2 percentage points to 81 percent in the third quarter of 2016, the lowest level since second quarter 2011, according to the American Trucking Associations.

The Chicago-based technology company more than doubled its headcount and tripled its office space after securing its first round of outside funding in September.

The chief and second engineers of the Top Ship cargo vessel were sentenced Thursday to jail for their role in obstructing a U.S. Coast Guard inspection in July 2015 on board the ship in North Carolina’s Port of Wilmington.

The Port of Virginia experienced its second busiest month ever in November for container volumes, handling 236,155 TEUs.

President Obama has sent his nomination of Ann Begeman for a second five-year term on the U.S. Surface Transportation Board to the Senate floor, according to a statement from the White House.

The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.

American Soybean Association elects president and vice president, while the IATA FIATA Air Cargo Program nominates governance manager, and Hill Dickinson hires global head of shipping.

The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.

H.R. 6455, the “Energizing American Maritime Act,” would require that up to 30 percent of exports of LNG and crude oil travel on U.S.-flagged vessels.

The Rhode Island Department of Transportation is asking for proposals from firms to design, build, operate and maintain electronic tolling facilities for the state’s truck-only tolling program, which has been met with protests from industry organizations.

Combined United States carload and intermodal cargo volumes ticked up 1.1 percent for the month following several consecutive months of year-over-year declines, according to data from the Association of American Railroads.

The four-year contract is scheduled to take effect on Dec. 19 and includes an initial increase in base wages for Captains and First Officers of more than 55 to 75 percent, with additional yearly wages.

Global airfreight demand grew at its fastest pace in 18 months thanks primarily to the August bankruptcy announcement by South Korean ocean carrier Hanjin Shipping, as well as some last-minute shipping resulting from higher-than-expected order levels.

The Xin Guang Hua was built by Guangzhou Shipyard International Company and is capable of handling 100,000 metric tons of cargo.

The shipping company’s first of six new vessels is expected to be delivered in the fourth quarter of 2017.

A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can’t pick-up and return cargo, containers and chassis for reasons beyond their control.

A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can’t pick-up and return cargo, containers and chassis for reasons beyond their control.

A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a member of Taiwan’s ruling Democratic Progressive Party.

The funds will be dispersed to 32 university transportation centers to advance research and education programs addressing critical transportation challenges in the United States, Transportation Secretary Anthony Foxx said in a statement.