Cargotec subsidiary MacGregor has been contracted to supply two bulk carriers for Algoma, a Canadian Great Lakes shipping company, with gravity self-unloading systems.
Port of Baltimore terminal first in U.S. to offer container weighing service
Terminal operator Ports America says it will accept containers without the required container weight data and, if necessary, allow boxes to be weighed afterwards for compliance with the International Maritime Organization’s new verified gross mass rule.
Railex goes into expansion mode, seeks investors
The produce third-party logistics specialist is soliciting an additional partner to help support its geographic and service expansion.
New app to enable street turns at Port of Oakland
A drayage driver has developed a mobile phone application designed to allow truckers to swap empty cargo containers in the field instead of at marine terminals.
TNT Express posts Q1 loss in lead up to FedEx acquisition
The Netherlands-based third-party logistics company reported an operating loss of 1 million euros (U.S. $1.13 million) on revenues that fell 2.2 percent year-over-year for the first quarter of 2016 to 1.59 billion euros.
Hanjin Shipping to raise $357b from sale of assets
South Korea’s biggest container carrier plans to raise about 410 billion won (U.S. $357 million) selling assets amid a debt revamp as a prolonged industry slump and low freight rates weigh on earnings.
NS profits jump 25% in Q1 2016
Number four U.S. railway Norfolk Southern reported net income of $387 million for the first quarter compared with $310 million during the same 2015 period, according to the company’s most recent financial statements.
EUROGATE expands terminal network
The EUROGATE consortium signed a contract with Cypriot Transport Ministry today for the takeover of Limassol Container Terminal.
Canada to extend grain-by-rail rules for CN, CP
Canadian National and Canadian Pacific have expressed disappointment with the decision by the Canadian government to extend for another year rules that set minimum shipment levels for grain and fine railways that don’t meet them.
Authorities recover fireworks stolen from freight train
Commercial grade fireworks were pilfered from a CSX train on Thursday, but federal authorities say agents with the Bureau of Alcohol, Tobacco and Firearms have found the material.