The Jacksonville, Fla.-based Class I railway’s shareholders voted 93 percent in favor of making the $84 million payment in connection with the retention of E. Hunter Harrison as chief executive officer.
IATA: Air cargo ‘stuck in another century’
The International Air Transport Association wants to break free from outdated processes that hold air cargo back and has adopted a resolution that it believes will accelerate the modernization of this industry.
DP World bans Qatari vessels from calling its terminals
In addition, Maersk Line has ceased accepting cargo between Qatar and various countries, including the United Arab Emirates, Saudi Arabia, Egypt, Bahrain and Yemen, as diplomatic tensions rise.
Port of Oakland looks to move more cargo by rail
The Northern California port’s rail profile could soon improve thanks to recent investments, according to Chris Lytle, executive director of the Port of Oakland.
UPS study shows blurred lines between domestic and international retailers
According to the 2017 “UPS Pulse of the Online Shopper” report, 97 percent of online shoppers are buying on U.S. marketplaces and 47 percent made purchases from international retailers.
Great Lakes limestone trade dips in May
U.S. and Canadian shipments in the Great Lakes dropped 5.4 percent in May 2017 compared to the same period a year ago, according to data from the Lake Carriers’ Association.
Logistics tech provider project44 targets automated volume LTL quoting
The technology provider, which has championed the adoption of application programming interfaces (APIs) in multimodal freight, has unveiled a real-time, automated quoting solution for “tweener” less-than-truckload shipments.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
Executive Moves: IATA, SeaCube, Kuebix and BIMCO
The International Air Transport Association (IATA) appoints chairman of board of governors, while SeaCube and Kuebix both name new chief executive officers, and BIMCO elects president.
Port of Seattle, partners break ground on air cargo warehouses
The Pacific Northwest port, along with the City of Burien, Wash., and real estate company Panattoni Development, broke ground Tuesday on a 26.2-acre site that will house two industrial airfreight warehouses.