As a complete overhaul of U.S. infrastructure looms, private investment in once far-fetched ideas and alternative technologies like Hyperloop might be the freight industry’s best chance at revamping outdated and overworked transportation assets.
NEWS FLASH: DCLI acquires TRAC domestic chassis fleet
The purchase of 72,000 53-foot chassis from rival TRAC Intermodal expands Direct ChassisLink, Inc.’s (DCLI) asset base as the company builds a single platform to manage marine and domestic chassis.
Trade associations rebuke claims of ‘obstructing’ IMO climate change talks
A new report from non-profit InfluenceMap accuses large corporations of “aggressively lobbying” the United Nations in an effort to stall or even block International Maritime Organization (IMO) environmental regulations.
CN profits slip 1% in Q3 2017
Montreal, Canada-based Class I railway Canadian National (CN) saw its net income drop 1 percent year-over-year to C$958 million (U.S. $750 million) in 2016 on revenues that rose 7 percent to C$3.2 billion.
Senators vow to move CBP commissioner nomination forward
Senate Finance Committee Chairman Orrin Hatch called acting Customs and Border Protection Commissioner Kevin McAleenan “one of the best witnesses to come before the committee in a long time” and vowed to move his confirmation forward “as soon as possible.”
NAM president urges Ex-Im Bank chairman nominee to withdraw
Jay Timmons, president and CEO of the National Association of Manufacturers, told former Rep. Scott Garrett, nominee to lead the Ex-Im Bank, “do America’s manufacturers—and President Trump—a favor: withdraw your nomination from consideration.”
Commerce, DHS partner to facilitate e-commerce, boost enforcement
The departments of Commerce and Homeland Security have entered an agreement to work together to facilitate international e-commerce and strengthen enforcement of U.S. customs laws related to these shipments.
DP World sees Q3 global container volumes jump 13.3%
The Dubai-based port terminal operator handled 52.3 million TEUs across its global portfolio during the first nine months of 2017, signaling a recovery in global trade, said DP World Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem.
U.S. steps up GSP compliance oversight
The U.S. government has launched a new initiative to ensure that developing countries benefiting from product-specific duty-free access to the U.S. market are in compliance with the eligibility requirements of the Generalized System of Preferences (GSP).
Port Houston container volumes jump 11% in 2017
Despite impacts from Hurricane Harvey in August, Port Houston’s year-to-date container and cargo volumes remained strong as the U.S. Gulf Coast port moves forward with its $700 million modernization plan.