In addition to eliminating truck permit paperwork, the “Maryland One System” is expected to reduce the overweight hauling permit processing from days or weeks to hours.
Hapag-Lloyd takes delivery of 10,500-TEU vessel
The German ocean carrier took delivery of the 10,500-TEU Valparaiso Express from Hyundai Samho Heavy Industries this Wednesday, which will serve trade between the West Coast of South America and Europe.
Intermodal volumes continue decline in Q3
The Intermodal Association of North America reported that total intermodal loadings fell 4.6 in the third quarter of 2016 compared to the same period in 2015.
AAR: Rail carloads fall 5.1% in October
The Association of American Railroads said 1.07 million carloads were handled in October, down 5.1 percent year-over-year.
ABC starts Moscow-Heathrow freighter flights
AirBridgeCargo Airlines has launched a twice-weekly Boeing 747 freighter service that links the London Heathrow Airport to Moscow.
Executive Moves: ContainerPort Group and Milestone Chassis
ContainerPort Group appoints new CFO, while Milestone Chassis names manager for West Coast region sales.
MISC posts weak Q3 financial results
Although the Malaysian ship owner reported lower profits and revenues for the third quarter of 2016 compared to a year prior, the company did have some notable accomplishments during the quarter.
G&W profits continue to slide in Q3 2016
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $56.8 million on revenues of $501 million during third quarter 2016, year-over-year decreases of 10.4 percent and 8.3 percent, respectively.
Canada completely removes DOT-111s from crude-by-rail service
Effective Nov. 1, 2016, persons and organizations importing, handling or transporting crude oil into and within Canada are no longer legally allowed to use the older, less-reliable DOT-111 tank cars, Transport Canada said in a statement.
Seaspan posts $184m loss amid Hanjin turmoil
The Hong Kong-based containership lessor in Q3 2016 took impairment charges of $202.8 million related to ten ships under 5,000 TEUs in capacity and another $18.9 million related to the bankruptcy and subsequent default of Hanjin Shipping.