The intermodal equipment leasing company may look for an individual buyer or try to go public, and ocean carrier United Arab Shipping Co. has selected TRAC as its sole chassis supplier in the United States.
Kasich lauds benefits of free trade
Republican presidential candidate John Kasich said in a televised town hall in Milwaukee, Wisc. he favors open trade, but would crack down on countries who try to game the system for their advantage.
Hyundai reports progress in improving finances
With progress being made on asset sales and creditors approving a three-month debt extension, HMM says it will now work to renegotiate ship charters as part of its ongoing “self-rescue” plan.
Xeneta: High-volume shippers aren’t paying the best shipping rates
Shippers with higher volumes have been locking into long-term contracts, preventing them from taking advantage of current low fuel prices, megaship capacities and more efficient supply chain management, according to the ocean procurement software provi…
Port of Wilmington, N.C. container volumes surge 7.7%
Thanks to $100 million investment in infrastructure improvements, the Port of Wilmington, N.C. will be able to handle 10,000-TEU vessels by this summer, the North Carolina State Ports Authority said in a statement.
ARC reflags ro-ro vessel to add to U.S. fleet
American Roll-on, Roll-off Carrier Group will replace the M/V Courage, which has damaged in a fire last June while crossing the North Sea and is being scrapped, with the 2006-built M/V Aida.
FAA fines Home Depot for air cargo hazmat violation
The Federal Aviation Administration has proposed a $52,000 civil penalty against Atlanta-based home improvement and construction retailer Home Depot for allegedly violating federal hazardous materials regulations.
Port of Prince Rupert invests in navigational projects
The Canadian port has invested in two navigational projects, which include a shore-based radar system project and a light at the mouth of Prince Rupert’s Fairview Channel.
Anheuser-Busch settles N.J. warehouse safety violations
A Jersey City, N.J. warehouse operation of Anheuser-Busch Inbev has reached a settlement with the Occupational Safety and Health Administration to improve safety.
Nordana extends partnership with Rickmers-Linie
Rickmers-Linie’s representative offices in China will support Nordana on marketing efforts throughout the country, along with coordinating documentation, including agency services through sub-agencies.