The new joint venture company between Japan’s “Big 3” shipping lines is slated to commence operations April 1, operating as the sixth largest entity in the container shipping market.
Rail coalition urges Trump to appoint new STB members
The board is authorized to have five members, but currently stands with just two – Acting Chair Ann Begeman and Vice Chair Deb Miller.
J.B. Hunt drives up net earnings in Q4 2017
The Lowell, Ark.-based intermodal and trucking provider recorded net earnings of $385.3 million on revenues of $1.99 billion for the fourth quarter of 2017, up 228 percent and 16 percent year-over-year, respectively.
Executive Moves: Seabury Maritime, Hactl and Truckstop.com
Seabury Maritime PFRA appointed managing director, advisory; Hong Kong Air Cargo Terminals Ltd. selected next chief executive; and Truckstop.com named vice president of small and medium business sales.
Commerce finds subsidized steel flange imports from China, India
Steel flange exporters in China receive government subsidies of 174.73 percent, while in India, these exporters receive government subsidies ranging from 5 percent to 239.61 percent, according to the U.S. Commerce Department.
PSA inks environmental sustainability agreement with Sunseap
PSA Corp. signed a 21-year solar power purchase agreement with Sunseap Group in an effort to increase environmental friendliness across its facilities in Singapore.
Commerce investigates dumped Chinese ribbon imports
The U.S. Commerce Department has taken up antidumping and countervailing duty investigations into decorative ribbon imports from China on behalf of a Pennsylvania manufacturer of these products.
BDP International opens Kenya offices
The global logistics and transportation solutions provider has opened offices in Nairobi and Mombasa to serve customers in East Africa, the company said.
SCPA’s container volumes rise 9% in 2017
In addition to handling a record 2.2 million TEUs in 2017, South Carolina Ports Authority has various projects underway, some of which will be completed in 2018.
Canada lifts temporary speed restriction in Gulf of St. Lawrence
The temporary speed restriction in the western Gulf of St. Lawrence was lifted because there have been no sightings of North Atlantic right whales in the area of the slowdown in recent weeks, Transport Canada said last Thursday.