The largest domestic tank barge operator in United States has expanded its fleet with the acquisition of 27 inland tank barges and 13 inland towboats, plus one tank barge and one towboat currently under construction.
TIA: 3PL revenues fall despite increased volumes in Q4 2015
Total shipments for third-party logistics providers grew 8.5 percent in the fourth quarter, but total revenues fell 4.7 percent compared to the same 2014 period, according to a recent benchmarking report from the Transportation Intermediaries Association.
CP to sell Arbutus Corridor to Vancouver
The City of Vancouver has agreed to purchase the nine-kilometer rail route from Canadian Pacific Railway for $55 million, according to a statement from CP.
NRF: U.S. container imports spike in January
Ports covered by the Global Port Tracker report handled 1.5 million TEUs for the month, up 4.4 percent from December and 21.4 percent from “unusually low figures” in January 2015, according to the National Retail Federation and Hackett Associates.
Trinity Health taps XPO Logistics to run medical supply chain
In a landmark deal, XPO will lease and operate distribution centers and manage inventory over the next 10 years for Trinity Health, a multi-institutional health care delivery system that serves 88 hospitals and 126 continuing care locations in 21 states.
FMC reviews 18 OTI license applications
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
Maersk adds new port call in Egypt
The Danish ocean carrier is adding Sokhna to its portfolio of ports in Egypt.
GSF: Container carriers must address poor quality of service
Chris Welsh, Secretary General of the Global Shippers’ Forum told the ICHCA conference in Barcelona he wants an international forum to address the impact of ultra-large containerships and “super alliances” among ocean carriers.
U.S. restricts exports to China’s ZTE Corp.
Citing violations of federal export control regulations, the U.S. Commerce Department’s Bureau of Industry and Security has added a Chinese technology company and three of its affiliates to a list of entities prohibited from receiving U.S.-made exports.
Austrian Post to sell German logistics subsidiary
A transportation and logistics services provider for the pharmaceutical, healthcare and consumer electronics sectors in Germany, trans-o-flex generates annual revenues of around 500 million euros.