Major container ports in the United States handled 18.8 million TEUs for the full year in 2016, up 3.2 percent from 2015, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.
HMM acquires two more Hanjin terminals
Hyundai Merchant Marine has entered into a contract to acquire Hanjin Shipping terminals in Tokyo and Kaohsiung.
SoftBank to acquire Fortress Investment
Some of Fortress Investment Group’s transportation-related holdings include Florida East Coast Railroad, Trac Intermodal, and Seacube Container Leasing.
Rickmers Maritime records $48.4m loss for Q4 2016
Singapore-based Rickmers Maritime reported a net loss of $48.4 million for the fourth quarter of 2016, which was an improvement from the $129.6 million net loss for the fourth quarter of 2015.
American pilots issue vote of ‘no confidence’ in CEO
The Allied Pilots Association, the union that represents American Airlines’ more than 15,000 pilots, said it has lost confidence in Chief Executive Officer Doug Parker’s leadership abilities due to “questionable economic and strategic decisions.”
Rand Logistics posts quarterly results
Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes region, recorded a net loss of $615,000 for its fiscal 2017 third quarter, which ended Dec. 31, 2016.
Port of Baltimore ups volumes in 2016
The mid-Atlantic port handled a record amount of general cargo and containers in 2016.
Executive Moves: RightShip and CLX Logistics
RightShip chief executive officer resigns, while CLX Logistics hires supply chain consultant.
CSX calls shareholder meeting to discuss Harrison ‘requests’
The Jacksonville, Fla.-based Class I railway is asking for shareholder input after talks with hedge fund Mantle Ridge, which seeks to install outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of CSX, hit a wall this week.
SIUC strikes deal with Canadian government
The Canadian sailors’ union accepted a last-minute settlement offer put forward by the Government of Canada.