Compared to its existing ships, the Atlantic Star will have double the container capacity and more room for vehicles and high and heavy roll-on/roll-off cargo, according to Atlantic Container Lines.
BMW taps K + N for spare parts services
The third-party logistics company will manage spare parts logistics services on behalf of the German automobile and motorcycle manufacturing company.
Oceanex to replace fire-damaged crane at St. John’s
Short-sea vessel operator Oceanex has ordered a new Liebherr habor crane for its St. John’s terminal to replace the one damaged by fire in mid-September.
SEKO opens first branch in Wales
The logistics services provider opened a branch at the Cardiff International Airport to connect local importers and exporters with new business opportunities throughout the world.
U.S. GDP growth slows in Q3
United States gross domestic product expanded at an annualized rate of 1.5 percent in the third quarter of 2015, according to the first estimate from the Department of Commerce’s Bureau of Economic Analysis.
XPO Logistics finalizes Con-way acquisition
The roll-up powerhouse third-party logistics provider announced Friday it has officially closed on the purchase of asset-based trucking carrier Con-way Inc., including subsidiary 3PL Menlo Logistics, for $3 billion.
UPS readies for record holiday shipment volumes
The parcel carrier expects to handle more than 630 million packages between Black Friday, Nov. 27, and New Year’s Eve, an increase of more than 10 percent over seasonal volumes in 2014.
Indonesia looks to join Trans-Pacific Partnership
Indonesian President Joko Widodo told President Obama his country “intends to join the TPP” during a meeting between the two leaders earlier this week, according to Reuters.
Obama signs 3-week highway patch, PTC deadline extension
The stop-gap funding measure also included an extension of the deadline for railways to implement Positive Train Control until 2018 at the earliest, a provision some Senate Democrats say shouldn’t have been included in a short-term transportation patch.
DOT awards $500m in TIGER grants
The U.S. Department of Transportation selected 39 infrastructure projects from 627 eligible applications requesting a combined $10.1 billion in Transportation Investment Generating Economic Recovery grant funding.