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Canadian Pacific announces $0.25 dividend

The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.35 Canadian payable April 25 to shareholders of common stock.

Shipping NewsPosted on: February 24, 2016

ATA: Truck tonnage index slips 1.4% in January

The seasonally adjusted For-Hire Truck Tonnage Index for January 2016 equaled 132.8, down from 134.7 in December but flat compared with January 2015, according to the American Trucking Associations.

Shipping NewsPosted on: February 24, 2016

Matson bucks market trend, posts ‘best year’ in company history

Despite a down year in ocean shipping markets, profits at Hawaii-based Matson jumped 46 percent year-over-year to $103 million in 2015 following the carrier’s expansion into the Alaska trade.

Shipping NewsPosted on: February 24, 2016

ICAO lithium battery ban on passenger planes set for April 1

The International Civil Aviation Organization, an arm of the United Nations, has issued an interim rule to member nations prohibiting the carriage of lithium-ion batteries as cargo on passenger planes.

Shipping NewsPosted on: February 23, 2016

FIATA: Lack of carrier coordination on SOLAS ‘alarming’

The International Federation of Freight Forwarders Association called on ocean carriers to provide clarity to shippers and forwarders about how to receive container weight verification documentation under the new IMO requirements.

Shipping NewsPosted on: February 23, 2016

Hapag-Lloyd earnings soar following CSAV merger

The German ocean carrier’s revenues increased from 6.8 billion euros in 2014 to 8.8 billion euros in 2015, primarily due to its merger with the container business of Chilean carrier CSAV in December 2014.

Shipping NewsPosted on: February 23, 2016

Carriers terminate Asia-Red Sea container service

Ocean carriers CMA CGM, UASC, Hanjin and CSCL will terminate their jointly operated REX3/ARC2 loop between China, Malaysia and the Red Sea.

Shipping NewsPosted on: February 23, 2016

DOT seeks members for work group on port performance

The United States Department of Transportation is under a mandate to develop statistics measuring port productivity and creating a working group to provide advice.

Shipping NewsPosted on: February 23, 2016

Port Hueneme harbor deepening moves closer to start

The Hueneme port authority is set to sign a partnership agreement with the U.S. Army Corps of Engineers that will finalize engineering reviews and set the stage for dredging to begin.

Shipping NewsPosted on: February 23, 2016

Freight forwarder network to use CargoSmart on-demand services

The shipment management solutions company will provide BuyCo For Growth, a network of 30 global forwarders, with cloud-based schedule, rate and execution tools.

Shipping NewsPosted on: February 23, 2016

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Gemini Shippers Association

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Fashion Accessories Shippers Association

www.fasa.nyc

137 West 25th Street, 3rd Floor
New York, NY 10001
info@fasa.nyc
212-947-3424