After getting the Virginia Port Authority’s financial house in order, VPA Executive Director and CEO John Reinhart is implementing an aggressive capital expenditure program that will expand capacity and add new berth space for large containerships.
Soo Locks infrastructure project valued at $2.4m
The U.S. Army Corps of Engineers has awarded the infrastructure project contract at the Soo Locks to Ryba Marine Construction, with a slated completion date of June 2018.
FourKites, 3GTMS partner on freight tracking tech
The two companies say they’re incorporating FourKites’ freight visibility platform with 3GTMS’ transportation management software into a single, unified offering.
Indiana port traffic up 19% in first half 2017
Shipments through the state’s three marine ports on the Ohio River and Lake Michigan reached nearly 5.7 million tons during the first half of the year, according to recent data from the Ports of Indiana.
NWSA continuing extended gates pilot through peak season
Under the program, the Northwest Seaport Alliance will reimburse marine terminal operators up to $2 million for some of the costs to operate additional hours during off-shift gate hours – i.e. after 5 p.m. on weekdays, or any shift on Saturday or Sunday.
House committee approves self-driving vehicle legislation, refines safety exemptions
The House Energy and Commerce Committee has approved the Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act (H.R. 3388), also known as the “SELF DRIVE Act.”
SCPA to utilize barges to reduce trucking congestion
South Carolina Ports Authority has applied for federal approval and funding for a new marine highway to eliminate trucking congestion in the Charleston port area, according to local news source The Post and Courier.
Panama Canal wins $192.8m arbitration ruling
A Miami-based arbitration board rejected a demand by Spanish-led Grupo Unidos por el Canal consortium for $192.8 million to cover cost overruns during the construction of a third set of locks for the 102-year-old waterway, Reuters reported.
CBP names new trade relations director
U.S. Customs and Border Protection has appointed Bradley F. Hayes to the position of executive director of trade relations in the Office of the Commissioner.
Baltic Exchange to shut down Baltex
The Baltic Exchange said it plans to close its freight derivatives platform Baltex on Dec. 29, following a recent announcement by LCH Clearnet that it would end its freight derivative clearing services by the end of the year.