The New Zealand port is scheduled to receive its first 9,500-TEU vessel in October, following the completion of its dredging project, which deepened the port’s shipping channels to 14.5 meters inside the harbor entrance and 15.8 meters outside the harbor.
IAG cargo launches two new freighter services
The cargo airline unveiled its new Madrid-Amsterdam service taking effect today, along with its new service from Frankfurt to London via Paris that’s scheduled to launch next week.
MOL rebrands two regional subsidiaries
The Japanese ocean carrier has changed the names of its MM Holdings (Americas) and Mitsui O.S.K. Bulk Shipping (Asia Oceania) divisions in an effort to unify its marketing efforts and improve customer service.
FRA: PTC status update underscores need for continued funding
The Federal Railroad Administration released a status update yesterday on implementation of Positive Train Control, highlighting the need for greater funding from Congress for railroads to implement the technology “as quickly and safely as possible.”
FTR: Truck trailer orders fall short of expectations in July
United States truck trailer net orders totaled 9,500 units in July 2016, a 20 percent decline from June and a 55 percent drop from the same 2015 period, according to freight transportation analyst FTR.
DP World grows earnings over 50% in first half 2016
The Dubai, United Arab Emirates-based global port terminal operator posted a profit of $608 million on $2.1 billion in revenues for the first six months of the year, increases of 50.2 percent and 10.2 percent compared with first half 2015.
Lineage Logistics acquires food service supply chain solutions company
The temperature-controlled warehousing and logistics company has acquired Consolidated Distribution Corporation, a leading foodservice supply chain logistics company and the largest independent multi-concept re-distribution provider in the nation.
Blue Cut Fire disrupts rail service to ports of Los Angeles and Long Beach
Southern California’s so called “Blue Cut Fire” has disrupted BNSF and Union Pacific rail traffic, including intermodal traffic moving to and from the ports of Los Angeles and Long Beach, but some train lines and highways are reopening.
WTO says Russian import duties violated the organization’s rules
The World Trade Organization said Russian import duties on paper, refrigerators and palm oil exceeded the amount it had agreed to when it joined the organization in August 2012.
Houston port commission increases dredge funding
The Port Commission of the Port of Houston Authority in a special meeting held yesterday approved a $1.5 million increase in funding for the U.S. Army Corps of Engineers’ maintenance dredging of a portion of the Bayport Ship Channel.