Maritime

The containership was released early Thursday morning after Maersk provided a letter of understanding related to the underlying cargo case.

Crew on Maersk Tigris remains safe and are in good spirits, according to the Danish ocean carrier.

Grand Alliance chassis pool will be terminated and Direct ChassisLink will contribute those assets to its expanded pool.

The joint project is, in part, a response to China’s investment in Pakistan.

The Commerce Department on Tuesday reported U.S. exports of goods and services increased by $1.6 billion, or 0.9 percent, in March.

Malaysian ship owner saw operating profits fall 7.2% despite an 8.7% increase in group revenues.

The less-than-truckload holding company had $3.7 million in consolidated operating income during first quarter 2015, compared to a $32.4 million loss the previous year.

Growth in domestic container movements offset declines in trailer and ISO container volumes, according to the Intermodal Association of North America.

Transport America replaces retiring president, while CEVA Logistics selects COO of Global Air and Ocean Freight.

Agriculture Transportation Coalition urged Senate to press the FMC into taking action during a hearing Wednesday morning.

Announced on the heels of a port driver labor strike, Eco Flow will use “free-flow” to move containers out of terminals to off-dock yards.

Such an alliance could have a “competitive edge,” according to industry consultant Drewry.

Oil executive quoted as saying ship will be sold unless $10 million paid.

New Jersey Governor said he was “not unsympathetic to the merits of the bill,” but it was premature to consider withdrawal without a similar proposal in New York.

The ocean carrier benefited from better recovery of fuel costs and higher volumes in first quarter 2015.

The third-party logistics provider had revenues of $1.78 billion in first quarter 2015.

The ocean carrier expects to close on its acquisition of Horizon Line’s Alaska business in second quarter.

The carrier’s new Turkey Israel Express Service will connect the ports of Damietta and Port Said in Egypt with Mersin, Turkey and Haifa, Israel.

The stevedoring and ocean freight company’s new vessel Marjorie C can carry both containers and roll-on/roll-off cargo.

The truckload freight and logistics provider had net profits of $21.8 million in first quarter 2015.