AAPA and CAGTC have issued separate statements decrying President Donald Trump’s proposed 2018 discretionary budget, which would eliminate funding for the Transportation Investment Generating Economic Recovery (TIGER) grants program.
DP World earnings surge in 2016 despite ‘challenging’ market
The Dubai, United Arab Emirates-based port terminal operator posted a profit of $1.13 billion on $4.16 billion in revenues for the year, increases of 27.6 percent and 4.9 percent, respectively, from 2015.
UP says 26% of tracks PTC ready
Roughly 18 percent of Union Pacific employees have been trained on positive train control operations, including engineers, conductors, dispatchers, maintenance of way engineering, mechanical, signal, telecom and information technology workers.
Intermodal rates see fastest growth in five years
Intermodal pricing in February 2017 increased 4.9 percent compared with the same 2016 period, just the fifth year-over-year increase since December 2014 and the largest since January 2012, according to the latest Cass Intermodal Price Index.
Truckload rates continue to fall in February
Truckload pricing slipped another 0.8 percent for the month compared to February 2016, the 12th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
BP, HES International to develop tank terminal in Rotterdam
Situated at the Maasvlakte in Rotterdam, the terminal will store and transport liquid bulk, including diesel, gasoil and gasoline.
Crowley inks deal with Penn Terminals
Crowley Maritime Corporation signed a multi-year stevedoring and terminal services agreement with Penn Terminals to accommodate its weekly Northeast container shipping service to and from Puerto Rico.
Port of Prince Rupert, Ray-Mont Logistics embark on Ridley Island expansion
Ray-Mont Logistics is adding a facility at the Port of Prince Rupert in British Columbia for the export of containerized crops from Western and Central Canada and the U.S. Midwest.
Special Coverage: A public pricing model for forwarders
Technology providers argue the pros and cons of a public pricing model for forwarders.
NYSHEX lands $8.5m in seed funding
The New York Shipping Exchange received the $8.5 million in Series A funding from a coalition of capital firms led by Goldman Sachs Principle Strategic Investments and GE Ventures.