The French ocean carrier will also drop a call in Qingdao and add calls in Charleston, Tangiers, and Singapore to its Pacific Express 3 loop between Asia and the United States Gulf and East Coast.
NEWS FLASH: DOT to solicit applications for FAST freight grants
The U.S. Department of Transportation is working to implement the Fixing America’s Surface Transportation Act and is ready to launch a new competitive grant program for freight projects as outlined in the legislation.
International Shipholding Corp. reports $180m loss in 2015
Most of the $179.7 million loss was due to impairment losses as the company sold off dry bulk ships operating in international market to reduce debt, according to the ocean carrier’s most recent financial statements.
USCG: Computer issues did not delay El Faro response
United States Coast Guard officials initially did not think the lost TOTE Maritime general cargo vessel was in danger of sinking, according to testimony from the Marine Board of Investigation hearing into the incident.
Intermodal rates drop for 13th straight month
Rates fell another 2.2 percent in January compared to last year, the 13th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
Truckload rate growth continues to slow in January
Truckload pricing grew just 0.4 percent for the month compared to January 2015, the fifth consecutive month of waning increases, according the latest Cass Truckload Linehaul Index.
U.S. antidumping sought for heavy-walled steel pipe imports
The Commerce Department will seek preliminary antidumping duties for imports of heavy-walled, rectangular-welded carbon steel pipes and tubes from South Korea, Mexico and Turkey.
WTO rules in favor of U.S. on India’s solar import rules
The World Trade Organization on Wednesday sided with a U.S. challenge to India’s so-called “localization” rules that the United States says discriminate against solar cell imports.
Struggle over control of Evergreen Group intensifies
Disagreements have erupted between the children of Y.F. Chang, the deceased founder and chairman of the Evergreen Group, which owns ocean carrier Evergreen Line and EVA Air among others.
LLamasoft: Supply chains focused too much on internal issues
A new poll from the supply chain design software developer found that companies are inhibited by lack of collaboration with external partners as well as a lack of end-to-end understanding of supply chains.