Net orders for North American Class 8 trucks in January 2018 jumped 28 percent from the previous month and 116 percent compared with January 2017, according to preliminary data from freight forecaster FTR Transportation Intelligence.
Executive Moves: MSC, Port of Redwood City, Suddath and CIPS
MSC selects Terminal Investment Limited (TiL) CEO, Port of Redwood City executive director retires, the Suddath Companies appoints president of Global Logistics, and the Chartered Institute of Procurement & Supply (CIPS) names group CEO.
Despite billion dollar loss, HMM plans for more ships
However, the South Korean ocean carrier recorded a deeper net loss for the year, partly due to a 479.5 billion won loss in the book value of 10 containerships sold to Korea Shipping and Maritime Transportation in March 2017.
Trump plans ‘reciprocal tax’ on trade
President Donald Trump said Monday during an infrastructure meeting that he plans to implement the tax on countries that “take advantage of the United States,” but a senior administration official seemingly downplayed the words later in the day.
Uber reaches settlement with Waymo in trade secrets trial
Uber CEO Dara Khosrowshahi said that although her company and Waymo parent Alphabet “won’t agree on everything going forward, we agree that Uber’s acquisition of Otto could and should have been handled differently.”
Evergreen charters a dozen 11,000-TEU ships
The Taiwanese shipping company revealed Monday that it has entered into an agreement with Shoei Kisen Kaisha to charter 12, 11,000-TEU containerships.
ONE to join three Asia-WCSA loops
Upon completion of the merger of Japan’s NYK, “K” Line and MOL, the combined Ocean Network Express (ONE) will begin taking slots on three existing services between Asia and the west coast of Latin America.
NRF: U.S. container imports to grow 4.9% in first half 2018
The latest projection comes as ports covered by the National Retail Federation’s Global Port Tracker handled 1.72 million TEUs of imports in December and 20.5 million TEUs for 2017, year-over-year increases of 8.4 percent and 7.6 percent, respectively.
Hyundai Heavy Industries’ net loss sinks deeper in Q4 2017
The South Korean shipbuilder posted a net loss of KRW 572.3 billion for the quarter, compared to a net loss of KRW 351.8 billion for the fourth quarter of 2016.
CaroTrans expands Central American presence
The non-vessel-operating common carrier entered into a partnership with Globelink Aeroceano in Costa Rica and Guatemala, and Sicarga in Panama.