Meanwhile, the Navy tug bringing equipment to locate the wreck of the cargo ship at the bottom of the Atlantic ocean will take longer than expected to arrive at El Faro’s last known position because of bad weather in the area.
Prologis net income skyrockets in Q3
The industrial and logistics real estate specialist saw net earnings grow over 90 percent and revenues up nearly 40 percent, respectively, compared to the third quarter of 2014, according to the company’s most recent financial statements.
Port of Savannah continues record run
The South Atlantic port reported its seventh consecutive month of record container cargo volumes in September, according to the latest figures from the Georgia Ports Authority.
NY/NJ Port Authority approves new intermodal rail terminal
Terminal company GCT USA will complete the final design and build the new ExpressRail Port Jersey facility in Greenville Yard.
Grimaldi to acquire remaining shares of Finnlines
The roll-on/roll-off cargo specialist offers liner service to and from the Mediterranean, Africa and the Americas via Grimaldi’s network, which includes Atlantic Container Lines.
Environmental review planned for Terminal 5 expansion in Seattle
Potential tenants have indicated that a long-term lease commitment at Terminal 5 would require the ability to handle more than 1 million TEUs, according to the Northwest Seaport Alliance of the ports of Seattle and Tacoma.
Chinese automotive 3PL to use JDA for transportation solutions
Shanghai-based Anji-CEVA, which provides finished vehicle and parts logistics services to a major Chinese automaker, will use JDA’s management, modeling, and planning solutions.
South Carolina attracts more out-of-state manufacturers
An Italian pipe fitting manufacturer and an Illinois-based industrial component manufacturer respectively plan to open warehousing and production facilities in the state.
K + N opens first office in Dominican Republic
The third-party logistics provider opened an office in Santo Domingo, Dominican Republic.
House committee approves multi-year transport bill just one week ahead of deadline
The surface transportation reauthorization includes dedicated funding to support projects associated with goods movement, but doesn’t go far enough to address the growing infrastructure deficit in the United States, according to transportation advocates.