The U.S Department of Transportation and Federal Aviation Administration are expected to use the program in the development of a regulatory framework to allow more complex low-altitude operations, plus identify ways to balance local and national intere…
IMO climate talks conclude with no concrete CO2 reduction goals
The second intersessional climate talks held last week by the International Maritime Organization (IMO) concluded with a structural agreement, yet no details on CO2 reductions were finalized.
OOIL revenues jump 26% in Q3 2017
Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.45 billion for the third quarter of 2017, up 26.5 percent from the corresponding 2016 period.
Port of NY/NJ box volumes skyrocket in September
The North Atlantic port handled 573,458 TEUs in September, a 15.2 percent increase from 12 months prior, back when 18,000-TEU ships were not able to sail beneath the Bayonne Bridge.
Germany considers selling Deutsche Bahn’s logistics arm
Germany’s Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operator Deutsche Bahn, could be taken up again, according to a report from Reuters last week.
McKinsey report predicts autonomous 50k-TEU ships by 2067
Self-steering mega container vessels, overcapacity and industry consolidation could lead to further reduction in the number of shipping lines, as well as the extinction of the standalone freight forwarder, according to a new report from McKinsey & Co.
PHMSA seeks comments on ECP brake provision in hazmat tank car rule
The deadline for public comments to be received on a provision regarding electronically controlled pneumatic (ECP) brakes in a Pipeline and Hazardous Materials Safety Administration hazmat tank car final rule is 11:59 pm Eastern time, Nov. 1.
Echo grows Q3 earnings, revenues
Chicago-based freight broker and third-party provider Echo Global Logistics recorded a net income of $2.4 million on revenues of $509.5 million for the quarter, according to the company’s most recent financial statements.
ACI: Global YTD airfreight traffic rises 8.7%, monthly demand up 10%
North America recorded an 8.9 percent jump in domestic freight in August and a 10.7 percent jump in international freight during August, according to recent data from Airports Council International (ACI).
CN, NS launch new joint service aimed at reducing transit times around Chicago
Class I railroads Canadian National (CN) and Norfolk Southern (NS) have established a joint interline service to bypass interchange points in the historically congested rail hub of Chicago, reducing transit times by up to 48 hours.