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NRF: U.S. container imports to grow 4.7% in first half 2017

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.

Shipping NewsPosted on: February 16, 2017

HMM acquires two more Hanjin terminals

Hyundai Merchant Marine has entered into a contract to acquire Hanjin Shipping terminals in Tokyo and Kaohsiung.

Shipping NewsPosted on: February 16, 2017

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.

Shipping NewsPosted on: February 16, 2017

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.

Shipping NewsPosted on: February 16, 2017

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.”

Shipping NewsPosted on: February 15, 2017

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.

Shipping NewsPosted on: February 15, 2017

Port of Baltimore ups volumes in 2016

The mid-Atlantic port handled a record amount of general cargo and containers in 2016.

Shipping NewsPosted on: February 15, 2017

Executive Moves: RightShip and CLX Logistics

RightShip chief executive officer resigns, while CLX Logistics hires supply chain consultant.

Shipping NewsPosted on: February 15, 2017

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.

Shipping NewsPosted on: February 15, 2017

SIUC strikes deal with Canadian government

The Canadian sailors’ union accepted a last-minute settlement offer put forward by the Government of Canada.

Shipping NewsPosted on: February 15, 2017

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Fashion Accessories Shippers Association

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