Class I freight railroads had installed positive train control on 16 percent of required track as of Dec. 31, 2016, up from 12 percent in the third quarter 2016, according to the latest PTC status update from the Federal Railroad Administration.
Union Pacific issues response to Illinois train derailment
There were no injuries to the crew or the public, no releases and no impacted motorist grade crossings from the train derailment that occurred early Wednesday morning in Lake Forest, Ill., Union Pacific spokeswoman Calli Hite said Thursday.
APL to launch new China-Philippines loop
The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will commence an intra-Asia service between China, Korea, Taiwan and the Philippines with the first sailing departing from Xingang on April 9, the company said in a statement.
Nordic Tankers, V.Group launch joint venture
Dubbed Dania Ship Management, the joint venture will specialize in ship management in the Scandinavia region.
Executive Moves: ATA, Xeneta and SmartTruck
American Trucking Associations promotes four staffers and hires new vice president of creative services and new director of marketing, while Xeneta appoints director of value engineering, and SmartTruck names vice president of sales and marketing.
2M Alliance, HMM sign strategic cooperation agreement
South Korean ocean carrier Hyundai Merchant Marine said it expects to save costs and boost competitiveness through the “2M+H Strategic Cooperation,” which was signed Wednesday in Sausalito, Calif.
Arcapita purchases $150m in Dubai logistics assets
Global investment management firm Arcapita said the transaction, together with the eight warehousing facilities it acquired last year in the Al Quoz Industrial Area of Dubai, is bringing the value of its UAE logistics portfolio to $250 million.
APL to join former G6 partners NYK, OOCL on Japan-U.S. loop
The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will purchase slots on the joint Japan Express (JPX) service operated by former G6 Alliance member NYK and OCEAN Alliance carrier OOCL.
Executive Moves: Ascent Global Logistics, GSC Logistics and OSM Maritime Group
Ascent Global Logistics appoints vice president of strategic accounts for Marisol International, while GSC Logistics hires senior manager of sales and business development and OSM Maritime Group name two new board members.
SLSMC upgrades Welland Canal
The St. Lawrence Seaway Management Corp. (SLSMC) has invested in various upgrades at the Welland Canal, which connects Lake Erie and Lake Ontario.