Vinalines will trim its share holdings in the ports of Haiphong and Saigon in Vietnam as well as sell stakes in others at the behest of Prime Minister Nguyen Tan Dung, according to local media reports.
FTR: U.S. Trailer orders tumble in December
United States truck trailer net orders totaled 25,500 units in December, a 35 percent decrease from November and 43 percent decline from the same period in 2014.
Port of Singapore’s cargo throughput drops 1.1% in 2015
The port handled 574.9 million tons of cargo in 2015, a 1.1 percent decline from 2014.
U.S. steel exports continue slipping in November
The weak Canadian economy has been the primary factor behind the decline in steel exports, which fell 16.8 percent year-over-year for the first 11 months of 2015, according to the American Institute for International Steel (AIIS).
Kerry Siam Seaport undergoes fourth phase of expansion
The fourth phase of expansion has commenced at the Kerry Siam Seaport in Laem Chabang, Thailand.
Dayton Freight opens service center in Memphis
The less-than-truckload carrier opened its newest service center in Memphis, Tenn.
GRI Roundup: Maersk Line, CMA CGM and Hapag-Lloyd
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.
EC to investigate Antwerp container terminal operators
The European Commission has opened an inquiry into whether the Port of Antwerp violated EU state aid rules by reducing compensation payments for PSA Antwerp and Antwerp Gateway after failing to reach minimum tonnage requirements from 2009 to 2012.
Executive Moves: USA Truck, SAL, Cargo 2000 and AWO
USA Truck names new CEO and SAL picks Asia market head, while Cargo 2000 appoints technical manager and AWO promotes VP to COO.
CSX to develop new intermodal terminal near Raleigh, N.C.
The Jacksonville, Fla.-based Class I railway’s $272 million “Carolina Connector” project is contingent on securing $100 million in funding from the state of North Carolina.