Absence of balanced SOLAS enforcement will lead to competition distortion and significant interruption to supply chains, European logistics organizations warn.
FTR: Truck trailer orders drop 35% in March
Freight transportation analyst firm FTR said U.S. truck trailer orders for March fell 35 percent over the previous month to 13,800 units.
Canadian bean shippers seek extension of rail legislation
Pulse Canada has asked the Canadian government to postpone the sunset provisions of the Fair Rail for Grain Farmers Act, which will take effect Aug. 1.
Executive moves: Jacksonville Port Authority, Lamar University
The Port of Jacksonville appointed a senior director of facilities development, while Lamar University named an executive director of its new Center for Advances in Port Management.
Container carriers unveil plans for new “OCEAN Alliance”
Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.
CP Rail boosts payout, sets buyback as profit tops estimates
Canadian Pacific experienced a 4 percent year-over-year drop in revenues for the first quarter of 2016 to C$1.59 billion.
Wan Hai, IAL launch intra-Asia loop
Liner carriers Wan Hai and IAL will launch a service between China and Southeast Asia next week.
essDOCs opens Shanghai office
The paperless trade solutions provider opened an office in Shanghai, marking its first office in the Chinese market.
Panama Canal taking reservations for neopanamax ships
The Panama Canal Authority began taking reservations for larger ships that will be able to transit through the Panama Canal once the new, larger locks open for regular business June 27.
Analyst calls reasons behind freight malaise a ‘mosaic’
BB&T freight analyst Tom Albrecht told the LeanLogistics user conference Tuesday that there’s no single driver of loose capacity in domestic transportation markets.