Representatives from the air cargo industry told House lawmakers Tuesday that the current method and number of data elements supplied to CBP’s Air Cargo Advance Screening program are sufficient.
Samskip to acquire Nor Lines AS
The takeover will boost Samskip’s terminal, warehousing and haulage services in Norway, but is still subject to approval by Norway’s competition authorities.
Newbuild vessel orders sink in 2017
The number of newbuild vessel orders placed during the first half of this year is less than half of the amount placed during the same period two years ago, according to recent data from ship valuation service VesselsValue.
NS net income surges 23% in Q2 2017
Fueled by a 15 percent increase in income from railway operations and a record operating ratio, Class I railway Norfolk Southern’s earnings during the quarter shot up 23 percent to $497 million, according to the company’s most recent financial statements.
AAR’s Hamberger calls on STB to promote, defend Staggers Act
Association of American Railroads President and CEO Edward Hamberger called on the Surface Transportation Board to withdraw pending proposals he says are not consistent with the deregulatory goals outlined in the Staggers Rail Act of 1980.
Harren & Partner to acquire German heavy lift carrier
Bremen-based shipping company Harren & Partner reached a deal with “K” Line, Tokyo to acquire SAL Heavy Lift on Thursday.
More noses needed for air cargo screening
The air cargo industry is urging Capitol Hill lawmakers to keep up pressure on the Transportation Security Administration to expand its freight screening capabilities through the use of third-party explosive detection canine teams.
ATA: Truck tonnage index falls 4.3% in June
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 138.5 in June, down 4.3 percent from the prior month’s reading of 144.7, according to the American Trucking Associations.
FTC probes Amazon pricing practices
The Federal Trade Commission is investigating allegations that the e-commerce giant is using “deceptive discounting” measures in online sales, according to a report from Reuters news service.
DP World volumes grow nearly 11% in Q2 2017
The Dubai-based port terminal operator handled 34 million TEUs across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing 8.2 percent year-over-year, according to recent data from the company.