A study commissioned by the U.S. Grains Council and National Corn Growers Association found that U.S. grain exports exports supported $55.5 billion in economic output in 2015, with the top five states being Iowa, Illinois, Nebraska, Kansas and Minnesota.
Port of Savannah handles record container volumes in October
The Georgia port recorded a 32 percent increase in container trade in October, with a total of 410,000 TEUs moved through the Garden City Terminal, Georgia Ports Authority (GPA) announced Monday.
Great Lakes limestone trade grows 10.6% in October
October’s limestone loadings on the Great Lakes were also 7.5 percent ahead of the month’s five-year average, according to the Lake Carriers’ Association (LCA).
BNSF quarterly, YTD revenues rise
Through the third quarter of 2017, Berkshire Hathaway-owned Class I railroad BNSF posted an operating income of $5.3 billion, a $462 million (9 percent) increase over the first three quarters of 2016, according to the company’s latest financial stateme…
Executive Moves: AMI, Kalmar, VARGO and Wen-Parker Logistics
Air Menzies International gains new CEO; Kalmar appoints senior vice president, global terminal operators; VARGO hires systems engineer; and Wen-Parker Logistics adds new member to its board of directors.
A.P. Møller-Maersk reports $1.5b loss in Q3 2017
The Danish shipping conglomerate noted that the loss was largely due to discontinued operations in Maersk Drilling, which was sold during the third quarter, as well as in part to the June NotPetya cyber attack.
Commerce chief: ‘Nothing improper’ about Navigator interest
U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when leaked papers revealed that a Russian businessman on the U.S. sanctions list has ownership in a customer of Navigator Holdings, a company in Ross’s investment portfolio.
Alphaliner: COSCO to surpass CMA CGM after acquiring OOCL fleet, 29 newbuilds
In addition to the absorption of OOCL’s 710,000-TEU fleet and 29 newbuild vessels slated for delivery next year, COSCO Shipping plans to order 20 new containerships with funds from a nearly $2 billion share sale issued in October.
U.S. trade deficit inches up in September
The U.S. trade deficit totaled $43.5 billion for September, a 1.7 percent increase from August, as rising exports were offset by an even higher increase in imports.
AAR: U.S. rail traffic rises 3.1% in October on record intermodal volumes
Combined U.S. carload and intermodal originations rose to 2.2 million units last month, up 3.1 percent compared to October 2016, according to data from the Association of American Railroads (AAR).