FASA

The improved productivity resulting from the institution of variable pricing would be worth $2 billion to $3 billion annually, according to estimates from management consulting firm McKinsey & Co.

The state’s Transportation Economic Development Fund will disburse nearly $1 million in funding to support “economically important” construction projects tied to private plant expansions.

Carriers will face continued competition from operators of both container and handy-size bulk ships, according to the London-based ship consultant’s latest Multipurpose Shipping Market Review and Forecaster report.

The Marseille Fos port authority’s Fos port-industry zone will become the site of France’s first demonstration plant for a ‘Power to Gas’ project.

The European shipping and transport company launched a daily rail freight shuttle between Italy and Rotterdam and Zeebrugge as part of a comprehensive multimodal link between England and Italy.

Inchcape Shipping Solutions became NileDutch’s new agent in Alexandria, Egypt.

Ocean carriers CMA CGM, Hapag-Lloyd, MOL, OOCL and Hamburg Sud issued general rate increases on several trade routes.

The French Competition Authority has ordered a total of 20 companies to pay nearly $740 million in fines for alleged anti-competitive behavior in the French parcel delivery sector.

The U.S. Army Corps of Engineers has agreed to conduct the design and engineering phase of the project, and the $1.1 trillion omnibus bill passed by Congress on Friday includes funding to dredge the harbor to 52 feet.

The bilateral agreement on passenger and cargo aviation, which took two years to negotiate, is designed to increase opportunities for carriers by opening new routes between the neighboring countries.