The Massachusetts Port Authority’s Paul W. Conley Container Terminal in the Port of Boston handled 248,391 TEUs in 2016, a 5 percent increase over the previous year.
U.S. files WTO complaint against Chinese aluminum
The United States has filed a trade enforcement complaint in the World Trade Organization today concerning China’s continued subsidization of its aluminum producers.
Fort Pierce port looks to develop 20 acres
Florida’s St. Lucie County is looking for a private partner to help it develop 20 acres of waterfront land inside the Port of Fort Pierce for commercial use.
COSCO to receive massive $26b loan from China Development Bank
The agreement, which will infuse $26 billion into the state-run ocean shipping conglomerate over the next five years, will serve China’s “One Belt, One Road” strategy, according to a statement from China COSCO Shipping.
GCT Bayonne to require early morning truck appointments
Starting next week, the terminal will be the first of six facilities within the Port of New York and New Jersey to roll out the port authority’s new Truck Management System.
DB Cargo partners with Toshiba to develop hybrid locomotives
The Mainz, Germany-based freight rail operator, formerly known as DB Schenker Rail, will participate in a feasibility study for the joint development and subsequent purchase of at least 100 new hybrid locomotives, the company said in a statement.
UP expands ‘GoTrain’ service to South Dakota
Union Pacific Railroad has agreed to interchange directly with short line Rapid City, Pierre & Eastern Railroad, which transports inbound fertilizer and outbound crops directly to and from farm producers across South Dakota.
VP report highlights Recovery Act’s transport infrastructure benefits
Outgoing Vice President Joseph Biden released a report Tuesday outlining the benefits of the 2009 American Recovery and Reinvestment Act on improving the nation’s transportation infrastructure.
HMM to hire up to 220 Hanjin employees
As many as 220 former employees of the now insolvent South Korean ocean carrier Hanjin Shipping will be hired following one-on-one interviews with management, Hyundai Merchant Marine said in a statement.
Xeneta: Container shipping could be entering a ‘seller’s market’
The contract freight rate benchmarking company warned, however, that stability will be hard to come by, and if just one or two carriers begin to drop rates and chase market share again, prices will likely fall across the board.