The acquisition of Long Beach, Calif.-based California Cartage creates the largest family-owned, vertically integrated third-party logistics provider in North America, according to NFI.
USCG report blames El Faro sinking on vessel captain, crew and owner
The cumulative effects of anxiety, fatigue and vessel motion from heavy weather degraded the crew’s decision making and physical performance of duties during the fateful voyage, according to a report from the Coast Guard’s Marine Board of Investigation.
USDOT looks to streamline environmental review process for multimodal projects
Under a new proposed change from the U.S. Department of Transportation, multimodal projects would be required to follow only one process, rather than multiple agency processes, Transportation Secretary Elaine Chao said in a recent speech.
Congressional Dems file twin sleep disorder testing bills
Legislation filed in both the U.S. House and Senate on Thursday (S. 1883/H.R. 3882) would require the U.S. Department of Transportation to test train and commercial vehicle operators for sleep disorders like sleep apnea.
GLP to acquire Gazeley in $2.8b deal
Industrial logistics real estate developer GLP’s acquisition of Gazeley is expected to be funded by approximately $1.6 billion of equity and $1.2 billion of long-term, low-cost debt.
Massport begins Boston Harbor Dredging Project
The Massachusetts Port Authority (Massport) has officially begun dredging and construction projects approved by the U.S. Army Corps of Engineers in Boston harbor at a total cost of $350 million.
Port of Baltimore sets fiscal year TEU, tonnage records
Cargo volumes at the mid-Atlantic port were boosted by a strong June and a busy second fiscal quarter, according to recent statistics from the Port of Baltimore.
Airfreight industry flying high in 2017
Improved global trade, the e-commerce boom and an accompanying tightening of the industrial real estate market have helped air cargo volumes, which account for just 1 percent of world trade by volume but 35 percent by value, to new heights this year.
MercuryGate adds analytics platform to TMS
The transportation management software (TMS) provider recently unveiled a new embedded analytics business intelligence tool designed to help users better utilize the data generated by MercuryGate’s system.
PANYNJ sees all-time monthly cargo high in August
The Port of New York and New Jersey handled 631,404 TEUs during the month, which was not only 7.8 percent more than in August 2016, but easily beat the previous all-time monthly record the port logged in July 2015, according to statistics.