The Northern California port could possibly see record setting peak-season import volumes, but cargo should still flow smoothly in and out of its terminals, according to Port of Oakland Maritime Director John Driscoll.
AWO: U.S. tugboat, barge industry contributes over $33b in annual GDP
The American Waterways Operators has released a study documenting the contribution of the U.S. tugboat, towboat and barge industry on the nation’s economy.
ATA projects steady freight volume growth through 2023
U.S. freight volumes across all modes will see 2.8 percent growth in 2017 followed by a 3.4 percent average annual increase through 2023, according to forecasts from the American Trucking Association’s Freight Transportation Forecast 2017.
Westports Holdings Q2 profits falter on lower volumes
The Malaysian port terminal operator saw net profit for the second quarter of 2017 fall 6.9 percent compared to the same 2016 period, primarily due to lower container throughput at its terminals.
BCG xChange offers new container monitoring tool
Launched in November 2015, BCG xChange aims to make it more efficient for ocean carriers to reposition empty cargo containers and has now introduced a new feature allowing users to track the full journey of those containers.
PIL throws cold water on takeover rumors
Singapore-based ocean carrier Pacific International Lines’ ties to African trades might make it an attractive candidate for buyers interested in gaining a foothold in the emerging market, according to industry analysts.
Special Coverage: Wedding bells for COSCO, OOCL
COSCO finds even with a ‘perfect bride’ like OOCL, getting married is expensive.
Report: U.S. Navy vessel likely at fault in fatal collision with NYK containership
Two U.S. government officials said the crew of the USS Fitzgerald committed multiple mistakes and failed to take action leading up to a deadly collision with the NYK-operated ACX Crystal, according to a report from CNN.
KCS all aboard for record earnings in Q2 2017
Kansas City Southern posted record second quarter revenues of $656 million, a 15 percent year-over-year jump, fueled by carload volume growth in four out of the Class I railroad’s six major commodity groups.
Senate committee approves Army Corps of Engineers funding bill
The Senate Appropriations Committee has approved the FY2018 Energy and Water Development Appropriations Bill, which allocates $6.2 billion for the Army Corps of Engineers, up $190 million from FY2017 and $1.2 billion from the president’s budget request.