The aftermath of Hurricane Harvey, combined with the looming threat of Hurricane Irma, which is likely to reach South Florida this weekend, is causing trucking costs to surge, according to a report from the Wall Street Journal.
MarAd awards $9.8m in small shipyard grants
The U.S. Department of Transportation’s Maritime Administration (MarAd) will provide 18 small shipyards across the nation with grant funding ranging from $191,762 to $990,500.
HMM completes its first blockchain pilot voyage
The South Korean ocean carrier’s first blockchain technology adopted pilot voyage involved the transport of reefer containers from Busan, South Korea to Qingdao, China.
Teamsters rejects UPS proposal for personal vehicle deliveries
In a June proposal, UPS suggested that seasonal drivers utilize their personal vehicles for deliveries, a move the Teamsters union staunchly opposed in a letter earlier this month.
Hamad Port officially opens for business
The new Qatari seaport will help “circumnavigate Arab sanctions” that previously shunted Qatar’s global trade, according to multiple media sources.
China Merchants acquires 90% of Brazil’s Paranagua port
The acquisition of a 90 percent stake in TCP Participações S.A., the operator of the second largest port in Brazil, will cost the China Merchants Port Holdings $920 million as the Chinese company looks to kickstart its expansion into South America.
USDOT makes $500m in TIGER grants available
The U.S. Transportation Department on Wednesday said $500 million is now available in the Transportation Investment Generating Economic Recovery program for state and local infrastructure projects.
Cloud Logistics integrates Truckstop.com rate index
The integration gives transportation management system provider Cloud Logistics’ users access to lane- and equipment-specific rate benchmark data to incorporate in spot quote decisions.
Vietnam resumes U.S. distillers grain imports
Vietnam will once again start accepting imports of U.S. distillers dried grains (DDGS), after it had suspended these shipments in December 2016 due to a detection of quarantine pests.
Executive Moves: Saddle Creek and FlexiVan
Saddle Creek Logistics Services hires vice president of business development; and FlexiVan appoints president and chief operating officer, and executive vice president and chief commercial officer.