The first cargo train departed the Tianjin Pilot Free Trade Zone in Northern China early Monday morning for Minsk, Belarus, carrying 104 containers of construction materials, according to a report from Xinhua News Agency.
International Civil Aviation Organization re-elects council president, International Air Transport Association selects regional vice president for Africa and the Middle East, and Canaveral Port Authority elects chairman.
The deal, which involves Hanjin’s Asia-U.S. assets, does not include Hanjin’s five, 6,500-TEU containerships or Hanjin’s 54 percent stake in Total Terminals International at the Port of Long Beach, according to several media reports.
Danish ocean carrier Maersk Line said there is now consideration of “other cooperation possibilities,” while Hyundai Merchant Marine of South Korea said it expects a “formal agreement either in the end of November or early December.”
Officials from the American Association of Railroads, along with the American Short Line and Regional Rail Association, said that federal regulators should hold off on any new rulemakings until the new administration takes over.
The $10 million acquisition is expected to close early next year and will substantially expand the port.
The Port of Montréal, located along the St. Lawrence River, launched its new container terminal Friday, boosting the port’s handling capacity by 450,000 TEUs.
Port of Los Angeles Executive Director Gene Seroka said the system will enable supply chain partners to receive a ship’s cargo information well in advance of arrival.
Fellow Japanese ocean carrier “K” Line exited the Transpacific Stabilization Agreement Aug. 19, while MOL, the other major ocean carrier based out of Japan, left the group in 2008.
The board of directors of Omaha, Neb.-based Class I railroad Union Pacific has authorized the early repurchase of up to 120 million common shares by Dec. 31, 2020, approximately 15 percent of current outstanding stock.
The North Florida port’s new Intermodal Container Transfer Facility provides rail service to the Blount Island Marine Terminal and TraPac Container Terminal at Dames Point, connecting the terminals with Class I railway CSX’s main line.
Redwood Logistics appoints chief logistics officer, while INTERTANKO elects chairman for another two years.
The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
How dangerous is a spray can of compressed air? It’s just air, right? Wrong. These pressurized cans actually contain hazardous gases, which differ from product to product, and must be handled with the utmost care when prepared for air transport, explained Hank Baird, general manager of ATP Training, a subsidiary of AllTransPack. […]
Keeping U.S. export reform going; The little FTA that could.
A Seoul court pushed back the deadline for receiving a rehabilitation plan for Hanjin Shipping from Dec. 23 to Feb. 3, according to South Korea’s Yonhap News Agency.
The Pacific Merchant Shipping Association will start publishing the average container dwell times at 12 marine terminals in the ports of Los Angeles and Long Beach on a monthly basis to help supply chain efficiency efforts.
The Shanghai Containerized Freight Index fell 1.3 percent from last Friday to a reading of 825.10.
Officers were elected this week to head the Waterways Council and National Waterways Foundation.
Atlanta-based shipping and logistics provider UPS said it will invest more than $175 million to expand its main Columbus, Ohio ground package hub, which is located on 90 acres on the city’s west side.
