After more than a decade of negotiations, the U.S. Department of Agriculture and its Chinese counterparts on Thursday finalized the language of a new protocol that will for the first time ever allow U.S. rice producers to export to China.
Leadership change imminent at terminal operator GCT?
Sources tell American Shipper CEO Stephen Edwards could be on his way out the door at Global Container Terminals, and an official announcement from GCT regarding what it has termed “leadership changes” is expected to come by the end of the week.
U.S. Bank freight index shows steady gains in shipments, spend
The freight payment solutions provider has been compiling a national and regional index since 2010, but in the second quarter of 2017 made the data public for the first time.
CP sees strong revenue growth in Q2 2017
Canadian Pacific Railway saw revenues jump 13 percent to $1.64 billion during the second quarter of 2017 compared to the same period last year, according to the Class I railroad’s most recent financial statements.
Portland Planning Board backs waterfront zoning change for port warehousing
A waterfront space near the Maine seaport may soon contain temperature-controlled warehousing and the new U.S. headquarters for Icelandic ocean liner Eimskip, according to a report from the Portland Press Herald.
UP Q2 2017 earnings speeds past analyst expectations
Omaha, Neb.-based Class I railway Union Pacific reported earnings per share of $1.45 for the quarter, up from $1.17 per share a year prior and surpassing the Zacks consensus estimate of $1.37 per share.
Executive Moves: Delta Air Lines Cargo and TTD
Delta Air Lines Cargo appoints director, cargo sales for the Asia-Pacific region; and the Transportation Trades Department, AFL-CIO’s executive committee elects president and secretary-treasurer.
MDOT applies for federal funding for Howard Street tunnel expansion, again
President Trump’s decision to replace the FASTLANE federal infrastructure grant program means the Maryland Department of Transportation must reapply for funding to expand a critical intermodal tunnel outside the Port of Baltimore.
Commentary: The digital domino effect
In an industry as interconnected as global trade and transportation, a serious security breach like the recent Petya cyber attack on Maersk can have far-reaching implications for shippers and fellow service providers alike.
NS to consolidate divisional operations this fall
The consolidation, which is expected to go into effect by Nov. 1, reduces the number of operating divisions on Class I railway Norfolk Southern’s system from 10 to nine and will affect a total of about 50 employees.