The U.S. Department of Transportation is soliciting applications for fiscal year 2017 FASTLANE grants from public sector entities interested in developing freight infrastructure projects.
Volvo scores 100% compliance in truck recall
Volvo Trucks North America has repaired all of its heavy-duty trucks that were under recall for a steering problem.
Perishable exporters squeezed by smaller free-time windows
Perry Bourne, director of international transportation and supply chain management at Tyson Foods, is calling on terminals to help mitigate the impact of big ships on cargo flows.
NEWS FLASH: Kuehne + Nagel to use CargoSphere for rate management
The global freight forwarder will use CargoSphere’s ocean freight Rate Mesh network to drive access to more current, accurate rates and quicken its quoting capability to customers.
NEWS FLASH: Japan’s ‘Big 3’ to merge in July
Japan’s three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
NEWS FLASH: OOCL’s revenues tumble 13.8% in Q3
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 percent year-over-year.
SCFI jumps 11.3%
The Shanghai Containerized Freight Index increased 11.3 percent from last week to a reading of 884.95, thanks to sharp increases from Shanghai to Northwest Europe and the Mediterranean.
U.S. economy on the upswing after sluggish first half
U.S. gross domestic product increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of 1.4 percent in the second quarter.
Otto completes world’s first shipment by a self-driving truck
The technology startup Otto and Budweiser have completed the world’s first shipment by a self-driving truck.
German bank to take six Hanjin ships, recharter them to Maersk
In addition to the six 13,010-TEU Hanjin Shipping vessels to be chartered to Maersk Line, a group led by HSH Nordbank could also acquire another three ships and lease them out to Maersk’s 2M Alliance partner MSC, according to multiple media reports.