The Canadian government will provide C$867 million (U.S. $643.1 million) in federal loans and loan guarantees to the country’s forestry industry as it battles U.S. countervailing duty measures against softwood lumber shipments bound for the United States.
FAA fines United for non-airworthy plane
The Federal Aviation Administration has proposed a $435,000 civil penalty against United Airlines for allegedly operating a plane that was not in airworthy condition.
Report: Port of Itajai closed for bad weather
Import and export operations at the Brazil seaport have been halted due to strong winds and rains, negatively affecting refrigerated cargo for many local and international shippers, reports Reuters news service.
Drewry: New alliances spur influx of larger ships on transpacific trade
The number of containerships deployed between Asia and the U.S. West Coast with capacity for 13,000 TEUs or more has nearly doubled since the start of 2017, but carriers are still hesitant to introduce mega-ships on the trade.
Panama Canal to modify tolls, decrease containership rates
Panama Canal Authority executives have been meeting with industry leaders around the world to gain feedback on its current toll structure, a proposed modification of which would decrease rates for containership but increase them for LPG and LNG tankers.
MPC Container Ships purchases additional vessels
The newly formed MPC Capital subsidiary has acquired two 2,834-TEU containerships in addition to the seven vessels purchased late last month.
G&W finalizes Heart of Georgia Railroad acquisition
Darien, Conn.-based short line and regional railroad operator Genesee & Wyoming has completed its acquisition of the shares of Atlantic Western Transportation, parent company of the Heart of Georgia Railroad.
Trump’s Paris agreement departure troubles trade groups
President Donald Trump’s decision to withdraw the United States from the Paris Climate Agreement on Thursday has U.S. industry organizations worried about the impacts on future international trade.
Walmart begins testing associate delivery service
The Bentonville, Ark.-based retail giant started testing the delivery service, which will utilize in-store employees as drivers, at three stores in the United States.
Descartes jumps deeper into ‘pool’ distribution
Logistics systems provider Descartes Systems Group has acquired the assets of Progressive Computer Services, known as PCSTrac, for $11.25 million.