On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers between Red Hook in Brooklyn and Port Newark.
Two convicted in ‘Bridgegate’ scandal
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge and in the nearby town of Fort Lee to seek revenge against the town’s mayor.
Seaboard to launch new Peru-U.S.service
The Miami, Fla.-based ocean carrier will commence a new string between Paita, Peru and the United States Gulf and East Coasts starting Dec. 6, 2016, the company said in a statement.
SCFI slips 2.8%
Rates from Shanghai to the Mediterranean, which hold a 10 percent weight on the index’s overall reading, fell 6.3 percent from last Friday to $738 per TEU.
NAFTA trade stems 19-month decline in August
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico ticked up 0.7 percent in August 2016 following 19 straight year-over-year decreases, according to the Bureau of Transportation.
Atlas Air losses continue into Q3
The air cargo services provider reported a $7.5 million loss in third quarter 2016, it’s second straight quarter in the red, as nondeductible expenses related to vested warrants granted to e-commerce giant Amazon dragged on earnings.
WWL, DB Cargo to develop multi-modal logistics hub
The multi-modal logistics hub at the Port of Monfalcone in Italy, will provide solutions to support and manage the total outbound supply chain of vehicle manufacturers in Europe.
Port of Long Beach strikes deal to free up chassis
A chartered ship will evacuate 4,300 of an estimated 6,000 containers leased by Hanjin, freeing up chassis for use by other port customers.
WTO chief offers to serve a second term
Roberto Azevêdo, the World Trade Organization’s director-general, informed his membership that he’s willing to serve a second term.
NVO develops hybrid container for breakbulk cargo
St. Cloud, Minn.-based trucking and logistics firm Anderson Trucking Service created a prototype box that allows for the easy transfer of flatbed cargo for ocean shipping.