U.S. District Court Judge Katherine Forrest found the parcel giant and third-party logistics provider violated state law by transporting hundreds of thousands of cartons of untaxed cigarettes into New York City from lower-tax areas.
Rep. DeFazio files $500b transportation infrastructure bill
The ranking member of the House Transportation and Infrastructure Committee, introduced the Investing in America: A Penny for Progress Act, which aims to raise roughly $500 billion in transportation infrastructure funding via 30-year Treasury bonds.
Executive Moves: YRC, CenterPoint and Actisense
YRC Worldwide appoints chief information officer, while CenterPoint Properties names eastern region senior vice president and Actisense hires operations supervisor.
FMC updates carrier agreeement library
Federal Maritime Commission Acting Chairman Michael A. Khouri said the updated carrier agreement library will help people save time and money.
Port of Houston invests in container terminals
The Port of Houston’s port commission approved contracts for the design of the Wharf 3 rehabilitation at the Barbours Cut Container Terminal and for the design of Container Yard 7 at the Bayport Container Terminal.
CMA CGM, PSA initiate phase 2 of Singapore terminal
Two more berths will be added to the Pasir Panjang Terminal 5, increasing annual handling capacity from two million TEUs to four million TEUs.
Special Coverage: Linking up with the Alaska Railroad
Promoters of a plan to connect the Alaska Railroad to the rest of the North American rail system say it could create new opportunities to exploit natural resources in the Far North and improve the lives of Canadians and Alaskans in remote inland locati…
Singapore grants Japan’s ‘Big 3’ approval to merge container operations
Separately, the three Japanese ocean carriers – NYK, “K” Line and MOL – on Friday filed an agreement with the Federal Maritime Commission to merge container operations.
European Shippers’ Council complains about ‘huge booking crunch’
Shippers exporting goods to Asia have experienced a large drop in available slots for containers with almost every shipping line, according to the European Shippers’ Council.
Schneider National launches IPO
The nationwide trucker and third-party logistics provider said it hopes to raise between $281 million and $359 million with the initial public offering, and provided details on how it plans to use the proceeds.