The U.S. Department of Agriculture and its counterpart in the South Korean government have reached an agreement on how to minimize the trade impacts when future cases of highly pathogenic avian influenza (HPAI) are detected in the United States.
Global Ports sinks into the red in 2017
The Limassol, Cyprus-based port terminal operator posted a net loss of $53 million compared with a $61 million profit in 2016, despite rising volumes and relatively steady revenues, according to the firm’s most recent financial statements.
Cargojet profits soar in 2017
The Mississauga, Canada-based all-cargo airline posted net earnings of $23.7 million Canadian (U.S. $18.1 million) for the year compared with just C$2.4 million in 2016, as revenues rose 15.7 percent to C$382.9.
MSC subsidiary to launch new rail service
Medway will introduce a freight rail service between Spain and Portugal, expected to begin April 4.
Salt Lake City to gain inland port?
Utah Gov. Gary R. Herbert indicated his intent to sign a bill that would allow for an inland port in the northwest quadrant of Salt Lake City, which would be connected to multiple major cities via Class I railway Union Pacific.
LA/Long Beach terminals to consider PierPass future
PierPass President John Cushing said he suspects marine terminal operators at the two ports will make a decision within the next few weeks.
E2open ups ante in pursuit of Amber Road
Having had a $350 million offer for global trade management solutions company Amber Road rejected in February, E2open’s CEO wrote a letter this week to the company’s board of directors to engage on a deal.
DP World reports prosperous 2017
The Dubai-based container terminal operator increased its profits, revenues and throughput in 2017 from the prior year.
Concerns raised about Coast Guard, MarAd budgets
House members expressed concern about the stability of the Coast Guard budget, as well as the cuts to the Maritime Security Program and PL-480.
FMC affirms adequacy of Trump’s FY 2019 budget request
Acting U.S. Federal Maritime Commission Chairman Michael Khouri told House lawmakers at a hearing Wednesday that President Donald Trump’s fiscal year 2019 budget request of $27.49 million for the agency is sufficient to maintain its operations.