FASA

The Federal Railroad Administration (FRA) has released a status report detailing progress by major freight and passenger railroads in the federally mandated implementation of positive train control (PTC) systems.

South Korea’s largest ocean carrier revealed its planning to secure ultra-large containerships, expand service coverage, enhance cost-competitiveness and prepare for new environmental regulations.

Hong Kong-based third-party provider Kerry Logistics Network’s full year profits jumped 13 percent to $2.12 billion Hong Kong (U.S. $269.6 million) as revenues rose 28 percent from the previous year.

Just four years after its initial launch, on-demand shipping startup Shyp shuttered operations earlier this week, becoming the latest in a string of cautionary tales for new entrants into the shipping and logistics space.

Commerce Secretary Wilbur Ross said that President Trump has ‘deliberately’ not scrapped the idea of reaching a bilateral free trade agreement with the European Union.

Under the terms of the preliminary agreement, global port operator Gulftainer Group would lease the Port of Wilmington for 50 years and invest more than $580 million in the port over the next nine years, most of which would be for a new container facility.