The Commerce Department has postponed its final determinations for the antidumping and countervailing duty investigations into softwood lumber imports from Canada until Nov. 14.
PhilaPort secures federal funding for dredging project
The Delaware River Deepening Project, which has been in the works for 25 years, will increase the depth of the shipping channel in the Delaware River from 40 to 45 feet to accommodate new and larger cargo vessels.
Commerce finds subsidies on steel wire rod imports from Italy, Turkey
The U.S. Commerce Department has preliminary found that steel wire rod imports from Italy and Turkey received countervailable subsidy rates of 1.7 to 44.18 percent and 2.27 percent, respectively.
SeaIntel: Excess capacity could cause shuttering of Asia-Europe loops in Q4
At the current pace of capacity increases by major ocean carrier alliances, at least two services between Asia and Europe may need to be terminated to compensate for recent rate hikes, according to a new analysis from maritime consultant SeaIntel.
Hapag-Lloyd posts $55m net loss in first half 2017
Amid the German ocean carrier’s merger with United Arab Shipping Co., operating results increased with a 14 percent rise in transport volumes, while overall earnings dropped due to “one-off effects related to the UASC transaction.”
President Trump’s $1t infrastructure spending plan still in limbo
Politicians on both sides of the aisle have agreed on the importance of infrastructure improvement projects for the better part of a decade, but agreeing on how to fund such projects has been another story altogether.
WABCO acquires truck parts, tech supplier
WABCO Holdings’ $145 million purchase of RH Sheppard Co., a Pennsylvania-based, privately held supplier of commercial vehicle technologies, is expected to close by the end of the third quarter.
Port of Virginia hosts its first 14,000-TEU vessel
The CMA CGM Theodore Roosevelt’s Virginia port call broke a short-lived record for ship size that was established in May, when the 13,000-TEU COSCO Development set the new high water mark in Norfolk Harbor.
STB schedules public meeting on CSX rail service issues
The Surface Transportation Board has been monitoring CSX’s performance since mid-July, after widespread service problems were caused by CSX’s implementation of operating plan changes.