The new hybrid vehicles are 10 to 15 percent more fuel efficient than previous hybrid designs and offer four times the fuel economy of a gasoline-powered vehicle.

Jeff Smisek, who stepped down due to ongoing federal investigations into his dealings with Port Authority of New York and New Jersey, will be replaced by the chief executive officer of CSX Corporation.

Experts say farmers will try to sit on their inventories longer because of low prices, but if they decide to sell, railroads have the space to carry their loads.

“There have been no reports of vessels with confirmed hazardous ash, debris or residues onboard,” according to a bulletin from the United States Coast Guard.

The terminal operator announced it reached an agreement with Perez y Cia to acquire its majority stake in Grup Maritim TCB and its 11 container terminals, expanding APMT’s terminal network to 74 operating facilities.

Troy Cooper will replace Hervé Montjotin as chief executive officer and chairman of XPO Logistics Europe, according to a statement from the recently acquired Norbert Dentressangle.

Data from shipment management software provider CargoSmart found that Hong Kong’s average vessel delays and berthing times were shorter than those at Singapore and Shanghai.

DP World, Hutchison Port Holdings Limited, APM Terminals, PSA International, Shanghai International Port Group and Port of Rotterdam Authority have joined forces on the “Go Green” program to promote environmental awareness.

CARU Containers and private investment firm Transportation Capital Group announced the formation of CARU Specialized Leasing Pte Ltd., a new joint venture that will focus on non-commoditized containers.

Ocean carrier UASC will purchase slots on portions of the EURAF1 and the EURAF4 loops between the Mediterranean and West Africa starting next week.