The two ships will primarily transport cattle and sheep from Australia, New Zealand and the United States to China, according to The West Australian.
Port Everglades handles record container volumes in December
The Broward County, Fla. port posted a throughput of 104,590 TEUs for December 2016, a 15 percent increase from 12 months prior and the highest monthly total in the port’s history.
Hub Group’s 2016 earnings rise on stable revenues
The Oak Brook, Ill.-based multi-modal transportation management company saw net income grow 5.4 percent to $74.8 million for the full year in 2016 even as revenues remained relatively flat compared with the previous year.
AAR: U.S. rail traffic ticks up 0.5 percent in January
Combined United States carload and intermodal cargo volumes increased for the third consecutive month in January 2017 following several months of year-over-year declines, according to data from the Association of American Railroads (AAR).
DFW to install cold chain facility
The facility will be operated by AirLogistix USA and is expected to be operational this summer.
FMC study finds reduction in container alliances could cut rates
Federal Maritime Commissioner Rebecca Dye said the reduction from four to three major container shipping alliances should decrease rates on the transpacific trade, but the decline could be offset by upward rate pressure due to expected mergers.
COSCO SHIPPING Holdings warns of net loss
However, COSCO SHIPPING Holdings said it does expect to have earnings before interest and tax of approximately 700 million Chinese yuan renminbi for the fourth quarter of 2016, excluding the net loss it incurred from the demolition of vessels.
IATA: Airfreight market grows 3.8% in 2016
The International Air Transport Association noted the 3.8 percent year-over-year increase in traffic was nearly double the industry’s five-year average growth rate of 2.0 percent, with all regions except Latin America showing positive growth.
Executive Moves: NITL and WFS
The National Industrial Transportation League elects new chairman and board members, while Worldwide Flight Services hires chief information officer.
Port of Seattle CEO resigns amid payout probe
The commissioners of the Pacific Northwest port on Thursday accepted the resignation of Chief Executive Officer Ted Fick in special meeting called specifically to discuss his departure, according to a statement from the commission.