Sen. Bob Corker, chairman of the U.S. Senate Finance Committee, said it’s time to dismantle the longtime regulation that requires at least 50 percent of the nation’s overseas-bound food aid to be transported by U.S.-flag ships.
Port of Brunswick aiming for 1.4m car handling capacity
Georgia’s Port of Brunswick, currently the No. 2 auto port in the U.S., announced a planned 50 percent increase in roll-on/roll-off (ro-ro) capacity increase and future plans to expand automobile processing spaces at the annual State of the Ports address.
KCS keeps Q3 profits chugging despite Hurricane Harvey impacts
Class I railway Kansas City Southern’s (KCS) net income rose 7 percent to $129.9 million for the quarter on revenues that grew 9 percent to $656.6 million compared with the same 2016 period, according to the company’s most recent financial statements.
ICS: Proposed BC oil shipment moratorium ‘draconian,’ ‘unwelcome’
Under Canada’s House of Commons Bill C-48, oil tankers carrying more than 12,500 metric tons of crude oil or persistent oil as cargo would be barred from calling all northern British Columbia ports.
Marten’s profits slips in Q3 2017
The temperature-sensitive truckload carrier recorded a net income of $7.9 million for the quarter, falling 6.9 percent from the same 2016 period, according to Marten Transport’s most recent financial statements.
Houston to gain new multimodal distribution facility
Pontikes Development is breaking ground on a 3 million-square-foot distribution center near Port Houston at a time when available industrial and retail space in the region is in high demand.
Trucking industry still grappling with impending ELD mandate
Sections of the long-haul and drayage trucking communities are still unprepared for implementation of the fast approaching federal mandate to install electronic logging devices (ELDs) on all commercial trucks and buses by Dec. 18, 2017.
Navios Maritime acquires two 4,250-TEU containerships
The acquisition of the two vessels follows the announcement earlier this year that the company was buying 14 containerships with an aggregate capacity of 57,100 TEUs.
NTSB: 2015 Union Pacific collision a result of sleeping crew members
The National Transportation Safety Board (NTSB) has determined that the likely cause of a 2015 Union Pacific rail collision in Texas was sleeping crew members and a lack of a functioning positive train control (PTC) system.
Spot container rates fall on major trades
Since last week, spot container rates from Shanghai to Europe, the Mediterranean and the U.S. have all declined, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).