Jerry Moyes, founder and chief executive officer of Swift Transportation Co., said he will retire from the 50-year-old nationwide trucking firm at the end of the year.
The U.S. steel export trade remained week in July since the majority of steel the nation exports is destined for Canada and Mexico, which have both been dealing with economic challenges.
Ocean carrier CMA CGM of France, Germany’s Hapag-Lloyd and Hamburg Sud, and MOL of Japan issued general rate increases on various trades.
Vargo appoints former Target supply chain VP to president of its Vargo Adaptive Software division, while The International Air Cargo Association elects a board member and the European Community Shipowners’ Associations names legal affairs director.
The now insolvent South Korean ocean carrier released a status update Monday on the 97 vessels it operates, which illustrated that 59 of these vessels are still waiting in open sea.
The South Korean ocean carrier has started discharging cargo in Long Beach following a court order from a U.S. bankruptcy court on Friday to protect the carrier.
Electronics manufacturer Samsung said in court filings that “cargo owners are being held hostage,” while Maher Terminals said it “is not required to extend free credit to Hanjin, and should not be forced to.”
Jon Slangerup announced his resignation as chief executive officer of the Port of Long Beach and accepted a position as chairman and CEO of a leading aviation technology company.
Although the Shanghai Containerized Freight Index remained fairly stable from last Friday, with the overall reading inching up 2.4 percent, rates spiked on the Shanghai to Mediterranean trade.
A chart constructed with data from BlueWater Reporting shows Hanjin Shipping’s impact on several prominent trades out of Asia, as several carriers are swooping in to launch new services, filling the void of the insolvent Hanjin.
Canadian Pacific Railway announced changes to its board of directors, including the appointment of Jill Denham and William R. Fatt, and the resignation of activist investor Bill Ackman.
Charlotte, N.C.-based Ridgemont Equity Partners closed on an equity investment in freight broker Nolan Transportation Group to support the firm’s “continued rapid growth,” the companies said in a joint statement.
The Berkshire Hathaway-owned Class I railway said its new intermodal service connecting Portland, Ore. and Seattle, Wash. with Dallas Fort Worth will provide comparable transit times to single-driver, over-the-road options.
The short line railroad affiliate of OmniTrax will raise the speed of trains on a 90-mile stretch of track between Birmingham and Gadsden, Ala. thanks to significant investment in track, related signals, communications systems and crossings.
The Massachusetts Governor’s Office signed a letter of intent with three offshore wind farm developers to lease the 26-acre multipurpose New Bedford Marine Commerce Terminal as a staging ground for wind turbine components.
Electronics manufacturer Samsung said in court filings that “cargo owners are being held hostage,” while Maher Terminals said it “is not required to extend free credit to Hanjin, and should not be forced to.”
The newly established Drone Advisory Committee, which includes stakeholders from the aviation and unmanned aircraft industry, will meet at least three times a year to discuss the safe integration of drones into U.S. airspace, the FAA said in a statement.
The U.S. Department of Transportation said the 18 infrastructure project grants awarded in fiscal year 2016 – collectively valued at nearly $800 million – will support $3.6 billion in infrastructure across 15 states and the District of Columbia.
The International Maritime Organization’s Ballast Water Management Convention now has enough vessel tonnage to bring the treaty into force, thanks to Finland signing onto the treaty.
The U.S. Coast Guard’s Marine Board of Investigation has reviewed the transcripts for the first public hearing session into the loss of the TOTE Maritime general cargo ship, which sank last October and claimed the lives of 33 people on board.
