Shipyard operator Keppel Offshore & Marine Ltd. and its U.S. subsidiary have agreed to pay a penalty of more than $422 million to resolve U.S. charges that it violated the Foreign Corrupt Practices Act, according to a statement from the Justice Department.
NEWS FLASH: CSX names Foote president and CEO
Jim Foote, who became CSX’s acting CEO after E. Hunter Harrison went on medical leave on Dec. 14, also joins the company’s board of directors.
Sea-Tac airport to compel all airlines to begin using sustainable fuels
Under a new plan, 10 percent of jet fuel available at the Seattle-Tacoma International Airport (Sea-Tac) will be required to be produced locally and from sustainable resources by 2028, and 25 percent by 2035.
Port of Gävle launches $83m expansion to double capacity
The expansion project, which will increase the Swedish port’s capacity to 600,000 TEU annually, is expected to be completed in the fourth quarter of 2019, according to the Port of Gävle.
XPO e-commerce volumes soar during November shopping holidays
The global logistics and transportation provider reported a 24 percent increase in e-commerce fulfillment volumes throughout last month’s Black Friday and Cyber Monday.
JaxPort box volumes up 23% so far in FY2018
Container volumes at the Port of Jacksonville in jumped 23 percent year-over-year to 204,492 TEUs in the first two months of the port’s fiscal year 2018, which began Oct. 1, according to recent data from the Jacksonville Port Authority (JaxPort).
FTR: Shippers Conditions Index continues to fall
Truck rates, both spot and contract segments, have increased for shippers as an immediate reflection of the tight truck market, according to freight transportation intelligence firm FTR.
U.S. ag exports harvest $140.5 billion in 2017
U.S. agricultural exports for fiscal year 2017 reached $140.5 billion, according to the U.S. Department of Agriculture (USDA), which attributed some of this success to expanded foreign market access and trade promotion activities.
Port of Newcastle looks to build container terminal
The privatized Australian coal port is looking to build a container terminal despite limitations from the uncapped capacity of the neighboring Port Botany.
Port Canaveral receives first direct shipment of autos from Asia
The roll-on/roll-off (ro-ro) vessel Höegh Sydney delivered over 800 automobiles from Asia to the South Florida port on Thursday.