The new code replaces two existing policies that previously governed the conduct of Port Authority of New York and New Jersey commissioners – the February 2009 Board of Commissioners Code of Ethics and the September 2015 Port Authority Recusal Policy.
Delphi Automotive to acquire nuTonomy for $450m
The automobile parts manufacturer will purchase software provider nuTonomy in the hopes that it will have 60 autonomous vehicles on the road in three continents by the end of 2017.
Union Pacific ups Q3 earnings despite Harvey disruption
The Class I railway recorded a net income of $1.2 billion for the quarter, up 6 percent year-over-year, amid a 5 percent boost in operating revenues that came despite a 1 percent drop in volumes.
ATA: Truck tonnage dips in September
The organization’s seasonally adjusted For-Hire Truck Tonnage Index fell 0.9 percent compared with the previous month to a reading of 144.4, following a revised 4.7 percent gain in August, according to the American Trucking Associations.
GLP moves forward with privatization plans
Global Logistic Properties (GLP) has dispatched to shareholders the scheme document in relation to the company’s proposed privatization and expects a full vote on the plan at a Nov. 30 meeting, the Singapore-based warehouse operator said in a statement.
CN to hire 600 crew members in Western Canada
Montreal, Canada-based Class I railway Canadian National (CN) plans to hire 600 new conductors and crew members to make up for higher-than-expected layoffs and strong North American freight demand, according to a report from The Financial Post.
Spot container rates rise on Shanghai to Europe, U.S. trades
On the Shanghai to Europe trade, spot container rates have finally stopped their weeks-long slide, rising 9.3 percent since last Friday to $744 per TEU as multiple carriers plan to implement rate increases on the trade Nov. 1.
COSCO SHIPPING Ports thrives in Q3 2017
China COSCO Shipping’s port terminal operator arm increased profits 53 percent for the quarter as throughput and revenues rose from the third quarter of 2016.
IMO, InfluenceMap go head to head over organizational lobbying
Following a statement from IMO Secretary-General Kitack Lim, InfluenceMap Executive Director Dylan Tanner has again called out the International Maritime Organization and industry lobbying groups in the fight for effective, enforceable climate regulati…
Commentary: Taking the measure of trade facilitation
The World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), which entered into force earlier this year, provides hope that trade bottlenecks can be cleared, as WTO members have committed to removing administrative and customs-related barri…