Through September, combined import volumes at the ports of Seattle and Tacoma, known collectively as the Northwest Seaport Alliance (NWSA), have risen 3 percent to 1.13 million TEUs, while exports jumped 11 percent to 1.08 million TEUs.
CSX scales back operations in Columbus, Detroit
The Jacksonville, Fla.-based Class I railway has discontinued various direct lanes for intermodal freight that originated in Columbus, Ohio and Detroit, Mich. as part of its transition to new CEO Hunter Harrison’s precision scheduled railroading model.
International Raw Materials to lease Port of Longview terminal
The Southwest Washington state port has entered into an agreement to lease its Bridgeview Terminal to Philadelphia-based commodities distributor International Raw Materials, which plans to to make Longview it flagship facility for dry-bulk cargo exports.
COSCO Shipping Ports reports throughput growth in all regions in September
The port terminal operator arm of China’s COSCO Shipping posted rising container volumes for September 2017 over the same period a year ago, with an overall monthly throughout increase of 18.3 percent.
IAG Cargo to launch direct Madrid-San Francisco service
The all-cargo airline will be the first to offer a direct route between the two cities and expects to transport machinery parts, chemicals and transport equipment, IAG Cargo said in a statement.
Lockheed Martin completes test flights for LM-100J freighter aircraft
The aerospace company will market the LM-100J as a commercial multi-purpose air freighter for bulk and oversized cargo, Lockheed Martin said in a statement.
Industry seeks ‘frictionless’ post-Brexit customs environment
A group of 14 trade associations is calling on United Kingdom and European Union negotiators to ensure a seamless customs transition period once the U.K. officially exits the EU in March 2019.
CSX records modest Q3 earnings growth
E. Hunter Harrison, president and chief executive officer of CSX, said the Jacksonville, Fla.-based Class I railway’s results for the quarter reflected “the resiliency of precision scheduled railroading.”
CP drives up earnings in Q3 2017
Class I railway Canadian Pacific’s (CP) net income for the quarter surged 47 percent year-over-year to $510 million Canadian (U.S. $408 million) amid higher revenues and volumes, according to the company’s most recent financial statements.
Black Sea port construction to kick off in December
A new deep-water port will be constructed in Anaklia, Georgia, located along the eastern Black Sea, according to the Anaklia Development Consortium.