Kenneth Wagers is named COO and Troy Cooper is promoted to president.
Baltic Exchange, Freightos create container freight index
The companies believe FBX will set the stage for future derivative financial instruments.
Ports look for ways to collect, allocate tax funds
Oregon Congressman Pete DeFazio is “hopeful” money will be dispersed from the projected $10 billion Harbor Maintenance Fund balance.
OOCL teams up with Microsoft on AI development
The Hong Kong-based ocean carrier projects an annual cost savings of $10 million from improved network operations and efficiency.
Drayage drivers rally in California
Supporters and opponents address proposed changes to labor law.
Singapore awards $1.1b contract for Tuas Terminal
The second phase of development will increase port capacity by 21 million TEUs by 2027.
Soybean farmers in Washington to protest tariffs
American Soybean Association is stressing the importance of trade with China.
FMC blames chassis, driver shortage for no-shows
Senators are told, “American cargo owners are saying their equipment is getting stuck, their cargo is getting stuck at these inland places.”
House to vote on FAA reauthorization
A controversial provision that would have privatized the nation’s air traffic control system has been dropped.
Norfolk Southern Q1 earnings surpass estimates
The Class I railway increased its year-over-year net income, revenues and volumes.