U.S. gross domestic product increased 3.2 percent in the third quarter of 2016, according to the “second” estimate from the Department of Commerce, up from a preliminary estimate of 2.9 percent and a revised increase of 1.4 percent in the second quarter.
CMA CGM: APL gains ‘new momentum’
French ocean carrier CMA CGM said APL has improved its performance in the first three months under the ownership of CMA CGM, despite a challenging market.
House follows Senate in unanimously passing rail RESPONSE Act
The Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation Act, which provides training and resources for emergency responders to handle potentially hazardous incidents, will now be sent to the president for final approval.
Alphaliner: Decision expected this week on future of Hamburg Süd
The industry analyst said it believes Maersk Line and CMA CGM are “frontrunners” in acquiring the German carrier.
Carrier Corp. backs off plans to shift production to Mexico following Trump victory
The heating, air-conditioning and refrigeration solutions provider said it is backing off plans to shift production from a plant in Indiana to Mexico after striking a deal with President-elect Donald Trump and the state of Indiana.
Crowley wins multi-year DOD contract
Crowley Logistics Inc. has been awarded a multi-year contract by the U.S. Transportation Command to provide transportation and related services supporting U.S. Department of Defense activities in the U.S. and Canada.
<em>Reuters</em>: Brazil port workers to begin 24-hour strike today
Port workers in Brazil are expected to begin a 24-hour strike today, according to a report from Reuters news service.
Special Coverage: Former military base in Oakland gets revamped for logistics use
The Prologis Oakland Global Logistics Center, a new warehouse complex being constructed on a former military installation, adjacent to both the Port of Oakland and the San Francisco-Oakland Bay Bridge.
ILA to meet with management in February
The International Longshoremen’s Association said collective bargaining issues will be discussed at the informal meetings in Delray Beach, Fla. from Feb. 13-16, and locals from Maine to Texas are invited to participate.
NEWS FLASH: Trump picks Elaine Chao as U.S. Secretary of Transportation
Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.