The railway will also run longer trains in an attempt to control costs as weak volumes are expected to continue falling going into the fourth quarter.
Chinese imports continue free fall
Imports to the second largest economy in the world dropped 17.7 percent in September compared to the same month a year ago and have now fallen for 11 consecutive months.
Crowley sets tentative date for SeaFreight acquisition
The ocean carrier, which expects to purchase SeaFreight “on or about October 31,” asked the Federal Maritime Commission for an exemption to regulatory rules that would simplify the transfer of about 500 service contracts once the deal is completed.
Baltimore sets box cargo record in August
The mid-Atlantic port is on pace to blow past last year’s annual high for container volumes, according to the most recent data from the Maryland Port Administration.
SMC³ acquires trucking cost modeler TCG
SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.
Port of Rotterdam posts 5.4% rise in throughput
The Port of Rotterdam posted a cargo throughput of 351.5 million tons for the first nine months of 2015, a year-over-year increase of 5.4 percent, driven primarily by the increase in the handling of crude oil and oil products.
J.B. Hunt reports higher third quarter profits
Total operating revenues dipped slightly at the trucking and logistics provider as fuel surcharge revenues fell and customer demand remained “tepid,” according to J.B. Hunt’s most recent financial statements.
St. Lawrence Seaway shipments drop 12% YTD
A total of 22 million metric tons of cargo have been shipped through the St. Lawrence Seaway between its opening April 2 and Sept. 30, a year-over-year drop of 12 percent.
Tulsa Port of Catoosa volumes fall in September
The port handled less cargo in September than in August, the result of the depletion of stocks for some agricultural commodities that are typically shipped through the port, lower demand from international markets, and less demand for steel and pipe.
Alliance Airport begins runway extension
Industrial real estate developer Hillwood Properties started a multi-year project to extend two runways and taxiway at the north end of the Fort Worth Alliance Airport in northeast Texas.