The airport handled more cargo tonnage in 2016 from a year prior, thanks to more international cargo transport, which was partially offset by declines in domestic cargo transport.

COSCO Shipping Ports Ltd. and CMA CGM Terminals Holding signed a worldwide memorandum of understanding to seek cooperation at ports worldwide, with preference being given to ports called by the Ocean Alliance.

The Pacific Northwest port has elected interim Chief Executive Officer Julianna Marler, who has held the post since May 2016 following the resignation of then-CEO Todd Coleman, to the permanent position of CEO and executive director.

Montreal, Canada-based Class I railway Canadian National saw net income tick up 2.9 percent year-over-year to C$3.64 billion (U.S. $2.78 billion) in 2016 on revenues that slid 4.6 percent to C$12 billion.

Hyundai Merchant Marine said it expects to receive funding from a new South Korean government shipping entity, which will buy and charter back vessels to the shipping company.

The Class I railway has also raised its quarterly dividend and has named six people to new positions and duties.

While the Shanghai Containerized Freight Index showed spot rates averaged 7 percent less in 2016 compared to a year prior, the China Containerized Freight Index illustrated an even greater drop, with declines especially prominant to the United States.

The Californian port said its plans to raise the height of six ship-to-shore cranes by 26 feet beginning in April, allowing them to reach containers stacked aboard the largest ships calling North America.

What has been accepted as standard practice for decades – large shippers cementing big volume annual contracts with carriers and smaller shippers, forwarders and NVOs picking up the scraps on the spot market – is now being heavily scrutinized.

The new Landstar U.S./Mexico Logistics Service Center’s yard is capable of holding over 450 trailers, 2.5 times the capacity of its previous Laredo facility.