U.S. owners have spent $624 million on 52 distressed vessels so far in 2017 via auction or at bank sales, according to commercial ship valuation service VesselsValue.

September 2017 marked the twelfth consecutive month of rising intermodal rates as hurricanes Harvey and Irma contributed to a 12-14 percent increase in diesel prices, according to data from the latest Cass Intermodal Freight Index report.

The Hong Kong-based air carrier will acquire the remaining shares in its cargo airline subsidiary in a deal that will see Cathay Pacific sell eight freighters to the minority stake holder, DHL International, and then lease them back.

The overall safety belt usage rate for drivers of all medium- and heavy-duty trucks and buses rose from 84 percent in 2013 to 86 percent in 2016, according to a report from the Federal Motor Carrier Safety Administration (FMCSA).

September’s truckload rates grew 4.2 percent year-over-year, setting a new all-time high for the index, according to the latest Cass Truckload Linehaul Index report.

AFS Kenya, one of the largest cargo handlers in the country, operates a special facility in Nairobi to support customers moving perishable cargoes.

A total of 5.9 million tons of iron ore were shipped on the Great Lakes during the month of October, which bettered the month’s 5-year average by 6.8 percent, according to data from the Lake Carriers’ Association (LCA).

Construction on the 63,000-square-meter freight hub in north central Germany is expected to break ground at the beginning of 2018.

The U.S. Federal Maritime Commission has received 21 ocean transportation intermediary license applications and changes for review.

The technology company, which has been at the forefront of driving application programming interface (API) usage in trucking and logistics, is adding full truckload visibility to its existing less-than-truckload (LTL) and small package tools.