FASA

The independent containership owner and manager agreed to purchase KVH Industries’ mini-VSAT Broadband 2.0 maritime communications solution for 18 of its newest vessels.

The U.S. Coast Guard and ship operator TOTE Maritime have scheduled press conferences for this afternoon to announce any new information on last week’s disappearance of the Florida-Puerto Rico cargo vessel.

The Japanese ocean liner carriers and three executives at the companies allegedly conspired to fixed prices on roll-on/roll-off cargo, according to the U.S. Department of Justice.

The U.S. Department of Transportation on Tuesday released $5 million in emergency relief funds to South Carolina to repair storm-damaged roads and bridges.

U.S. Commerce Secretary Penny Pritzker, who arrived in Cuba on Tuesday, will co-chair a regulatory dialogue with government officials from the long-embargoed Caribbean nation.

The tech startup’s freight procurement marketplace previously only included capacity from ocean carriers, but the company has successfully pilot tested air cargo procurement as well.

Turkon Line’s Med-USA loop will add NileDutch to the Mediterranean portion of the string and add a call at Tangier to the port rotation.

The internet of things solutions provider ORBCOMM will use WAM’s installed based of shipping lines and produce companies to add reefer container tracking to similar capabilities for other equipment types.

Investment bank Stifel Nicolaus upgraded its rating of FedEx Corp.’s stock to “buy” Monday, causing share value on Tuesday to increase over 1 percent from the previous day’s closing price.

The trucking industry will need to hire 890,000 new drivers, an average of 89,000 per year, in order to keep pace with demand, according to a new report from the American Trucking Associations.