Canadian Pacific Railway is continuing to pursue an acquisition of Norfolk Southern Corp., officially asking shareholders to force the NS board to engage in negotiations regarding a potential merger of the two Class I railroads.
Seaspan CEO: Current container industry outlook better than in 2008-09
The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing in other assets like containers themselves.
FEPORT: National guidance on SOLAS ‘still absent’
The European port organization said Wednesday member states are still unclear on how to go about implementing and enforcing the new International Maritime Organization container weight verification guidelines due to come into effect July 1.
ATSG to provide 20 cargo planes for Amazon
Air Transport Services Group has confirmed that it has reached agreements with Amazon Fulfillment Services to operate an airfreight network to serve the giant online retailer’s customers in the United States.
Drewry: Diminishing economies of scale for vessels beyond 18,000 TEUs
If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a new report from London-based shipping consultant Drewry.
BWR: CKYHE decreases Asia-North Europe capacity, shifts focus to Med
The ocean carrier alliance is terminating its Asia-North Europe NE8 loop this month, which will result in a 10.9 percent drop in its weekly deployed capacity on the trade, according to data from BlueWater Reporting.
APMT finalizes acquisition of Grup Maritim TCB
Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and the Canary Islands.
DOT proposes sleep apnea tests for truckers, railroad workers
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration and Federal Railroad Administration have proposed rules to screen, evaluate and treat truck drivers and railroad workers for obstructive sleep apnea.
U.S. meat exports increase in volumes, decline in value
The United States exported more volumes of beef, pork, and lamb in January compared to last year, but in terms of value, each segment experienced declines.
IATA: Airfreight volumes inch up 2.7% in January
Global airfreight volumes grew 2.7 percent year-over-year in January, but the freight load factor averaged 41.3 percent, a 1.8 percent decline from January 2015.