The Florida Ports Council elects chairman, vice chairman, and secretary and treasurer; the APP names president; Truckstop.com appoints chief commercial officer and chief relationship officer; and Gebrüder Weiss reveals executive retirements.
RMS: Damage from Harvey could reach $90b
Meanwhile, U.S. Customs and Border Protection (CBP) is strongly recommending that Texas exporters divert cargo as are ports, railroads and truck corridors are likely to remain shuttered through the end of week, possibly longer.
Cargo delays increase as Harvey moves northeast
The Federal Maritime Commission (FMC) is offering cargo and commercial dispute assistance as ports and railroads around the gulf coast are still out of operation through at least the end of the week due to flooding.
ZIM swings to profit in Q2 2017
Looking ahead, ZIM’s primary focus will be on profitability, and the Israeli ocean carrier will focus on markets where it has a competitive advantage, said Eli Glickman, the carrier’s president and chief executive officer.
Harrison to STB: CSX undergoing ‘profound, transformational’ changes
According to CSX CEO Hunter Harrison, the plan to transition the Jacksonville, Fla.-based Class I to his so-called “precision scheduled railroading” program requires a “complete and thorough examination of each and every detail of CSX’s network.”
Xeneta: Will container shipping ‘sabotage its own success’?
Despite a positive outlook for the rest of the year in the container shipping industry, the 78 new mega ships in the orderbook will likely push capacity and rates over the edge, according to market intelligence platform Xeneta.
COSCO SHIPPING International grows profits, revenues in first half 2017
As of June 30, 2017, COSCO SHIPPING International, the investment arm of China COSCO Shipping, had net cash of HK $6.42 billion, which it said will provide strong capital support for major acquisitions and expansion of existing businesses in the future.
Unions criticize Liberty’s labor switch
Ship and dockworker unions are protesting a decision by Liberty Maritime to employ deck and engineering officers from the AMO to operate its newest U.S.-flag ship, rather than using those of its longtime union, MEBA.
OOIDA: ELD mandate should be delayed while states get their act together
The Owner-Operator Independent Drivers Association says it supports a delay to the electronic logging device mandate due to a growing number of reasons, including what it characterized as a lack of preparedness by state law enforcement agencies nationw…