Air Canada’s agreement with Cargojet will not be extended once it expires at the end of the year, Air Canada Cargo said in a statement.
Doyle to step down as FMC commissioner Jan. 3
Initially appointed to the U.S. Federal Maritime Commission by President Obama in 2013, Commissioner William P. Doyle says he’s proud of the work he did on U.S. West Coast dockworker labor relations, China taxation and financial safeguards for shippers.
ZIM turns profit in Q3
The Israeli ocean carrier had a net profit of $25.2 million for the quarter compared to a net loss of $37.6 million for the third quarter of 2016, thanks to increasing freight rates, higher volumes and cost utilization, president and CEO Eli Glickman s…
Port of Vancouver USA approves $68.5m 2018 budget
The port’s 2018 budget, which is $16.7 million lower than 2017 levels, projects operating revenues of $38.22 million, an increase of 3 percent over estimated 2017 operating revenue results.
Eimskip Q3 earnings sink amid higher revenues
The Icelandic shipping company’s net earnings totaled 8.8 million euros for the quarter, down 6.3 percent from the third quarter of 2016 due to adverse currency exchange fluctuations, but operating revenues shot up 32 percent to 177 million euros.
Milaha lunches feeder service between Sri Lanka, Bangladesh
Colombo and Chittagong will be the seventh and eighth new ports of call for Qatar-based maritime transport and logistics conglomerate Milaha this year.
CMA CGM: Four ships currently under construction will be French-flagged
The French ocean carrier’s future flagship, which is expected to be delivered in the first quarter of 2018, is being named after Antoine de Saint-Exupéry, a French writer, pilot, poet and journalist.
Intermodal rates inch up in October
North American intermodal pricing in October inched up 1.9 percent from October 2016, marking the thirteenth consecutive month of year-over-year increases, according to the latest Cass Intermodal Price Index.
ATA: Truck tonnage ticks up 3.3% in October
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 147.6 in October, up 3.3 percent from September’s reading of 142.9, according to the American Trucking Associations (ATA).