The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency’s investigation into why the TOTE Maritime general cargo vessel sank last fall, claiming the lives of 33 crew members on board.
South Korea vows more steps in revamp of ailing shipbuilders
The government said it will take more active steps to help the nation’s shipping and shipbuilding industries, suffering from oversupply and slowing demand, to reduce debt and weather a global slump.
U.S. trade deficit in goods plunges to 1-year in March
At $56.9 billion, the March deficit in goods was the smallest since February 2015 and lower than the median forecast of $62.8 billion, based on estimates from economists in a Bloomberg survey.
CN continues to grow profits in tough rail environment
Canadian National Railway increased net income 13 percent year-over-year to C$792 million (U.S. $627.53 million) in the first quarter of 2016 earnings on revenues that fell 4 percent to C$2.96 billion compared to the same 2015 period.
North American freight market a mixed bag in March
Shipment volumes grew 1.4 percent during the month, but expenditures declined 1 percent from February, according to the latest Cass Freight Index Report.
ATA: Truck tonnage index falls ‘back to earth’ in March
The seasonally adjusted For-Hire Truck Tonnage Index equaled 137.6 for the month, down 4.5 percent from an all-time high of 144 in February but up 2.2 percent compared with March 2015, according to the American Trucking Associations.
SCPA: Let ports provide VGM data
Jim Newsome, director of the South Carolina Ports Authority, is arguing for weighing containers at terminals to meet new international safety rules, but the Port of Long Beach says using on-site scales for that purpose is too much of a challenge.
CKYHE restructures Asia-U.S. East Coast service network
Meanwhile, the ocean carrier alliance members reconfirmed their current cooperation scheme on east-west trades until the end of March 2017.
Panama Canal to select first neopanamax ship for transit this Friday
The canal authority will conduct a lottery on Friday to select which of its top 15 customers will be in the spotlight with the historic first passage through the Central American waterway’s new, expanded locks.
Pasha to import cars through San Francisco
Pier 80 in San Francisco, Calif. could handle up to 150,000 automobiles annually as well as other sorts of roll-on/roll-off and breakbulk cargo, the ocean carrier said in a recent interview with American Shipper.