The Class I railway said the largest component of its 2018 capital investment plan will be to replace and maintain its core network and related assets.
Seaspan purchases two 2,500-TEU ships, charters them to Maersk
Hong Kong-based containership lessor Seaspan Corp. expects to take delivery of the second of two 2006-built container vessels by the end of the month and charter them to Danish ocean carrier Maersk on a four-year contract.
Kirby Corp. acquires fellow tank barge operator Higman Marine
The $419 million deal will see Kirby Corp. absorb Higman Marine’s transportation fleet of 159 inland tank barges with 4.8 million barrels of capacity, and 75 inland towboats, according to a statement from Kirby Corp.
Report: COSCO exec slain in Pakistan
Chen Zhu, general manager of COSCO Shipping Lines in Pakistan, was shot and killed in what local authorities are calling a “targeted attack,” according to multiple media reports.
Transportation stocks slide during ‘wild’ Wall Street session
The Dow Jones Transportation Average (DJTA) slipped 3.2 percent to 10,350.41 on Monday and continued to fall in early morning trading on Tuesday after reaching an all time high in mid-January.
DHL expands operations in southwestern U.S.
DHL Global Forwarding expanded its presence in key Southern border states in order to satisfy the needs of local customers that require airfreight, ocean freight, customs brokerage, warehouse and domestic services, the company said.
APL joins intra-Asia loop
Ocean carrier APL is joining CNC Line’s intra-Asia JTXCNC loop from Tokyo on Feb. 27.
Agility to participate in IBM-Maersk blockchain
The global third-party logistics provider said it will share and receive shipment information via the distributed ledger blockchain technology IBM and Maersk have built for the container shipping industry.
Hapag-Lloyd opens new Tema office
The German ocean carrier said it believes it’s important for it to have its own office in Tema with the development of its West Africa services, which call at Tema.
NWSA drayage drivers organize walkout as clean-truck engine rule looms
The proposed rule would obligate terminal operators at the ports of Seattle and Tacoma to limit truck entries to trucks with engines 2007 or newer, or trucks with equivalent emission controls.