Wilmington, Calif.-based Trapac disclosed its plans to lease an additional 57 acres and two vessel berths at the port during a meeting of Oakland’s Board of Port Commissioners last night.
On the Shanghai to Northwest Europe trade, rates increased 8 percent since two weeks ago, from $699 per TEU to $755 per TEU, while on the Shanghai to Mediterranean trade, rates slipped 3.1 percent, from $583 per TEU to $565 per TEU.
Marc Garneau, Canada’s Minister of Transport, this week announced the new Rail Safety Improvement Program, which aims to fund projects that will reduce incidents and derailments along the country’s railroad lines.
The U.S. Bureau of Labor Statistics said U.S. import prices experienced a monthly increase of 0.1 percent due to higher fuel prices, while U.S. export prices ticked up 0.3 percent from a month prior.
Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore.
The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit’s first CNG fueling station in Oklahoma City.
Cargo shipments on the St. Lawrence Seaway totaled 21 million metric tons between March 21 and Sept. 30, a 5.3 percent year-over-year decline, according to the Great Lakes Seaway Partnership.
The refueling station, scheduled for completion in early 2017, will be located at the main entrance of the Royal Seaforth Container Terminal and adjacent to the new Liverpool2 deep-water container terminal, which will have its formal opening next month.
The Sept. 19 AS Daily news report “Hapag-Lloyd invests in more reefer capacity” incorrectly stated that Hapag-Lloyd ordered all 5,750 refrigerated containers from Carrier Transicold. The company ordered 5,000 reefer units from Carrier, but the other 750 were supplied by Daikin Reefer.
Assets related to the South Korean shipping company’s services to the United States will be put up for sale as soon as tomorrow, multiple press reports said Thursday.
The Class 1 railway’s earnings per share for the quarter surpassed analyst expectations, reaching $0.48 per share, but were still lower than the $0.52 per share for the third quarter of 2015.
The valuation provider VesselsValue said that during the past year, the value of a 2016-built Panamax containership with 4,250 TEUs of capacity tumbled 49.57 percent, while the value of a 2016-built ship with 7,000 TEUs of capacity fell 32.27 percent.
Truckload volumes are expected grow 1.8 percent per year on average through 2027, with even stronger growth predicted in less-than-truckload, according to the latest U.S. Freight Transportation Forecast report from the American Trucking Associations.
The Southern California port’s box volumes declined considerably after South Korean ocean carrier Hanjin filed for bankruptcy Aug. 31.
The Port of Damietta Authority signed an agreement earlier this week with China Harbor Engineering Company Ltd. for the construction and development of an additional container terminal at the Egyptian port.
PSA International has purchased Hong Kong-based Luck Glory International Ltd., which owns a 15.33 percent share of China United International Rail Containers, for an undisclosed price, the company said in a statement.
Under a new agreement, the United Kingdom and China will more than double the number of passenger flights permitted between the two nations and allow for unlimited all-cargo flights, according to a statement from the UK’s Department for Transport.
OmniTRAX Sand Holdings, an affiliate of OmniTRAX, Inc., has entered into a joint venture with bulk storage and transportation services provider Arrows Up.
The Greenbrier Cos. and Astra Rail Management GmbH said they will form a new company to create a Europe-based freight railcar manufacturing, engineering and repair business.
The Port of Philadelphia on Friday is scheduled to receive the first loads of Brazilian beef to the United States in decades.
