Cargo revenues reached $200 million, while traffic rose 7.1 percent for the quarter.
French ports will be linked to Switzerland via rail
The French ports of Marseille Fos and Le Havre will be linked to Switzerland by rail in a project that aims to further connect the port hinterlands into the rest of Europe.
Drewry: World Container Index dips 0.2%
The World Container Index slipped 0.2 percent this week to $1,407.58 per 40-foot container, and is also down by 21.5 percent from the corresponding period in 2017.
PNCT secures $298m terminal infrastructure development bond
Port Newark Container Terminal will use the proceeds to refinance existing debt and finance its future terminal development project.
DCLI finalizes purchase of TRAC’s 53-foot domestic chassis fleet
Direct ChassisLink now owns, leases, or manages about 136,000 marine chassis, as well as roughly 80,000 domestic chassis, for a total fleet of over 216,000 chassis, making it the largest chassis provider to the U.S. transportation market, the company s…
Canada files broad WTO complaint against U.S. AD/CV duty process
However, U.S. Trade Representative Robert Lighthizer pushed back against Canada’s complaint, saying the allegations are “unfounded” and “ill-advised.”
Port of Oakland says 2017 was the busiest for container shipping in its 90-year history
The California port said that import growth drove its record performance, with imports fueled by a strong U.S. economy and increased consumer demand for retail products.
Report: Trump to unveil infrastructure plan in February
White House officials told leading senators that details on the long-awaited infrastructure package would be released after President Trump’s inaugural State of the Union address on Jan. 30, according to The Hill.
Port of Seattle takes steps to combat human trafficking
The Seattle Port Commission passed a resolution Tuesday, calling for a combination of training, resources, policies and partnerships to address the issue.
Global Trading Resources joins Janel Group
Portland, Ore.-based Global Trading Resources, Inc., an international freight forwarding and customhouse brokerage, has joined Janel Group, a Lynbrook, N.Y.-based global integrated logistics solutions provider.