Trucking carrier Old Dominion Freight Line, Inc. reported less-than-truckload tons per day grew 4.4 percent and 3.1 percent year-over-year in October and November despite indications U.S. shipping would slow in the fourth quarter.
CSSC to build first-ever ‘smart ship’
China State Shipbuilding Corporation plans to build a 38,800-dwt bulk carrier in 2016 that will be “based on big data” and feature up-to-date information technology including real-time data transmission and collection, digital modeling and remote control.
OPEC to maintain production despite falling crude prices
The Organization of the Petroleum Exporting Countries met in Vienna, Austria Friday to discuss policy, and the group appeared unlikely to cut oil output levels, which could exacerbate global oversupply.
Congress sends 5-year $305b FAST Act to president
The Fixing America’s Surface Transportation Act of 2015, the first multi-year highway and infrastructure spending bill passed by Congress in over a decade, includes a provision for the reauthorization of the shuttered Export-Import Bank.
Congress set to vote on highway bill
The five-year surface transportation reauthorization includes many elements favored by freight advocates, but some are disappointed that Customs fees are being diverted to help pay for the bill.
CMA CGM deploys 18,000-TEU ship to U.S. West Coast
Port executives at the Informa Cargo Logistics America conference in San Diego on Tuesday all said they expected an increase in the size of containerships calling at their ports in the next year as carriers seek to drive down costs.
Port Authority of NY/NJ proposes $6.5b FY2016 budget
The proposal includes funding for a Port Commerce master plan and critical maintenance, repairs and upgrades to existing transportation facilities at area airports, seaports, tunnels, bridges and terminals.
CSX decreases full-year EPS outlook
The higher than expected decline in domestic coal movements during the fourth quarter of 2015 caused the railway to lower its full-year earnings per share projection.
IATA: Cargo volumes up 0.5% in October
October airfreight volumes rose 0.5 percent compared to October 2014, but were down 0.4 percent from September, according to data from the International Air Transport Association.
ITC imposes duties on Chinese melamine imports
The U.S. International Trade Commission has determined that domestic manufacturers of the industrial commodity melamine are harmed by imports from China.