Electronics manufacturer Samsung said in court filings that “cargo owners are being held hostage,” while Maher Terminals said it “is not required to extend free credit to Hanjin, and should not be forced to.”
Private equity firm invests in Nolan Transportation Group
Charlotte, N.C.-based Ridgemont Equity Partners closed on an equity investment in freight broker Nolan Transportation Group to support the firm’s “continued rapid growth,” the companies said in a joint statement.
BNSF to commence Pacific Northwest-Texas expedited intermodal service
The Berkshire Hathaway-owned Class I railway said its new intermodal service connecting Portland, Ore. and Seattle, Wash. with Dallas Fort Worth will provide comparable transit times to single-driver, over-the-road options.
BWR: Hanjin’s market share on Asia outbound trades
A chart constructed with data from BlueWater Reporting shows Hanjin Shipping’s impact on several prominent trades out of Asia, as several carriers are swooping in to launch new services, filling the void of the insolvent Hanjin.
Ackman resigns from CP board
Canadian Pacific Railway announced changes to its board of directors, including the appointment of Jill Denham and William R. Fatt, and the resignation of activist investor Bill Ackman.
U.S. Customs extends ACE deadline for post-release functions
The trade community now has until Oct. 29 to file liquidations, drawbacks, reconciliations, duty deferrals, collections, statements and automated surety interface forms in the new Automated Commercial Environment.
USCG completes review of first El Faro hearing
The U.S. Coast Guard’s Marine Board of Investigation has reviewed the transcripts for the first public hearing session into the loss of the TOTE Maritime general cargo ship, which sank last October and claimed the lives of 33 people on board.
U.S. pork, beef export volumes pick up in July
During the month, Japan and South Korea continued to be top performers for beef exports from the United States, driven by strong demand for chilled beef.
Federal drone advisory committee to meet next week
The newly established Drone Advisory Committee, which includes stakeholders from the aviation and unmanned aircraft industry, will meet at least three times a year to discuss the safe integration of drones into U.S. airspace, the FAA said in a statement.
Technology for the forwarder/NVO meeting point
CoLoadX, an internet platform to enable forwarders to price effectively and allow non-vessel-operating common carriers to expand their sales scope, went live this week.