India has made “significant changes” to some of its trade and investment policies since Prime Minister Narendra Modi assumed office in May 2014, according to the U.S. International Trade Commission.
Hurricane Particia causes little damage to Mexican ports
The ports of Manzanillo and Lazaro Cardenas reopened over the weekend after being struck by what was at one point reported to be the strongest hurricane ever measured in the Western Hemisphere.
FMC reviews 11 OTI license applications
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
Executive Moves: Greenbrier Cos. and Coastal Cargo Co.
The Greenbrier Cos. names chief strategic officer, while Coastal Cargo Co. appoints head of Houston operation.
House to vote on 3-year extension of PTC deadline as part of stop-gap highway bill
The extension of the Dec. 31 deadline for implementation of Positive Train Control for an additional three years has been added to a three-week transportation funding measure in the House as Congress scrambles to complete long-term legislation.
UPS pilots vote to authorize strike
The International Brotherhood of Teamsters has promised to support the Independent Pilots Association’s decision and stand with UPS pilots in the strike.
FMC to examine service contracts, NSAs
Federal Maritime Commission Chairman Mario Cordero sees the public comment and investigation period as an opportunity to create efficiencies and reduce costs within the ocean liner industry.
Maersk fires profit warning
The world’s biggest container line downgraded its profit expectations for 2015 by 27 percent Friday, saying the market won’t recover this year from weaker demand and deteriorating rates.
CMA CGM decreases frequency on Europe-Africa loop
The French ocean carrier adjusted the frequency of its EURAF5 loop between North Europe, the Mediterranean and West Africa from weekly to fortnightly.
OOCL Q3 revenues drop 12.2% on Asia-Europe woes
The container line posted a 32 percent dive in Asia-Europe revenues in third quarter 2015, with revenues in the trade down more than 21 percent for the first nine months of the year.