Despite a slight decline in demand, FedEx remains the top cargo airline in the world, according to the latest annual World Air Transport Statistics report from IATA.
AGT acquires interest in Montreal terminal
AGT Food and Ingredients Inc., through its wholly-owned subsidiary AGT Terminal East Inc. (AGTTE), has acquired a minority interest in CanEst Transit Inc. at the Port of Montreal.
COSCO subsidiary to invest $200m in container fleet
COSCO Shipping Development Co., the Chinese shipping conglomerate’s container leasing arm, has entered into a contract to purchase 154,000 units of second-hand containers from a third party seller, according to multiple news sources.
Special Coverage: Pacific Northwest port expansion
The Port of Prince Rupert in Canada is undergoing several simultaneous upgrades to expand capacity amid drastic cargo volume growth.
Maersk to waive detention, demurrage fees stemming from Petya attack
Meanwhile, the world’s largest ocean carrier also says that it is now up-to-date on short-term quotes, is progressing on issuing invoices and that its delivery process for imports is operational.
The Netherlands investigates possible price-fixing by port bunker firms
The investigation involves vessel fueling companies that are active in the ports of Amsterdam, Rotterdam and Antwerp, with several companies suspected of conducting illegal price-fixing agreements, authorities say.
Endangered species: TIGER on the chopping block in new House spending bill
Transportation Investment Generating Economic Recovery (TIGER) grants, issued annually, are given to multi-modal and multi-jurisdictional projects that are difficult to fund through traditional federal highway aid programs.
Transfix snares $42 million in funding
The digital truckload brokerage’s latest capital infusion indicates logistics investment won’t be slowing any time soon, as venture capital firms continue to back advanced online freight marketplace models.
FMC turns supply chain initiative attention to exports
The Federal Maritime Commission on Tuesday hosted nearly 40 industry representatives to spend the next two days sharing strategic information on how to keep the export-side of the U.S. supply chain humming.
SC Ports breaks cargo records in FY2017
South Carolina Ports Authority saw its throughput jump 10 percent to 2.14 million TEUs during its fiscal year 2017, which ran from July 1 to June 30.