Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

The massive $5.3 billion project comes with “considerable safety concerns,” which could lead to accidents and delays for shippers and higher claims for insurers, according to a new report from the London-based risk management consultancy.

The Seattle-based terminal operator’s new Tuxpan Marine Terminal in eastern Mexico received its first customer last Monday with the arrival of the 4,178-TEU Hammonia Venetia.

Meanwhile, beef export volumes in May rose 12.4 percent year-over-year, while beef export value fell 4.2 percent year-over-year.

The San Francisco, Calif.-based private equity investment firm said its purchase of the global supply chain solutions provider will allow Elemica to expand its client offerings and accelerate the time to market for new products.

Transportation and logistics companies cut 9,400 positions last month, following revised increases of 3,600 in May and 10,100 in April, according to recent preliminary data from the U.S. Department of Labor.

Terminal operators at the Ports of Los Angeles and Long Beach announced an increase to the Traffic Mitigation Fee, which is collected on cargo moving through terminals during peak hours.

Ocean carriers OOCL, COSCON and ANL announced a joint offering called the Asia Australia consortium, which will provide container service on three weekly loops between North Asia and Oceania market.

The French ocean carrier’s transatlantic service will use the SSA Marine Terminal at the Port of Tuxpan, which is well positioned for cargo moving to and from Mexico City.

With spot rates at historic lows, carriers “can ill-afford to flood the market with excess capacity,” the London-based maritime consulting firm said in the latest issue of Container Insight Weekly.