A new report details the events that led to the collision of the USS John S. McCain and oil/chemical tanker Alnic MC off the coast of Japan on Aug. 21, and the crash between the USS Fitzgerald and ACX Crystal on June 17.
NWF, MarAd release study on unscheduled lock outages
The National Waterways Foundation (NWF), in cooperation with the U.S. Maritime Administration (MarAd), released a study that examined the economic impacts of unscheduled lock outages and highlighted the benefits associated with reliable inland navigation.
Watco acquires Port of Catoosa stevedoring facility
The terminal and port services provider subsidiary of Watco Cos. has also signed a deal with the Port of Catoosa for sole operation of the main dock at the Oklahoma marine port, the company said in a statement.
Cummins revs up earnings in Q3 2017
Truck engine manufacturer Cummins, Inc. posted a net income of $453 million on revenues of $5.3 billion in the third quarter of 2017, up 56 percent and 26 percent, respectively, compared to the same period in 2016.
USPS to offer next-day Sunday delivery during holiday rush
The U.S. Postal Service will offer a new holiday delivery service in 20 major cities in partnership with undisclosed retailers in an effort to get ahead of the holiday rush, according to a report from the Associated Press.
Qualcomm posts 89% drop in net income in Q4 FY2017
The San Diego-based chip maker is currently engaged in a legal battle with Apple and owed billions in charges in cases determined by fair trade commissions in Taiwan and Korea, resulting in huge earnings declines for the period ending Sept. 24, 2017.
UPS to equip Class 8 trucks with collision mitigation technology
The parcel delivery and logistics provider will have advanced collision mitigation technology in 60 percent of its Class 8 fleet once installation is complete.
Amazon opening 1m-square-foot DC in Macon, Ga.
E-commerce giant Amazon currently has operating fulfillment centers in three other Georgia cities: Jefferson, Lithia Springs and Union City.
UPS building $90m parcel hub outside Denver
The facility, located in an industrial business park in Aurora, is expected to partially begin operations later this year, in time for the holiday shipping season, UPS said in a statement.
Executive Moves: Port of Oakland and Selandia Ship Management
The Port of Oakland’s board of port commissioners names board secretary; and Selandia Ship Management appoints chairman.