Progress on a potential China-Canada trade agreement appears to slowly be inching forward, with Canadian Prime Minister Justin Trudeau saying a deal with China is a “big thing” and that Canadians understand how vital it is to “get it right.”
U.S. trade deficit rises 8.6% in October
The U.S. trade deficit totaled $48.7 billion in October, an 8.6 percent increase from September, according to the U.S. Commerce Department.
Port of LA looking to attract investors via new purpose-built website
A new corporate-style investor website, portoflabonds.org, was publicly revealed by the Port of Los Angeles Dec. 4, containing more than 2,000 pages of data and documents that provide extensive financial information on the Southern California seaport.
MOL begins ‘multi-dimensional analysis’ of causes of on-vessel incidents
Using IBM statistical analysis software, Japanese ocean carrier MOL will be able to examine mass volumes of data to support better decision making in solving business issues, the company said in a statement.
JFK Airport set for $132m cargo investment
New York City’s John F. Kennedy International Airport (JFK) has been approved to receive a new cargo handling facility and taxi lane upgrades as part of a 33-year lease agreement with cargo property developer Aeroterm.
Old Dominion posts improved operational metrics
The less-than-truckload (LTL) carrier announced an increase in LTL tons per day for November 2017 thanks to weight and shipment increases.
Hapag-Lloyd, Kuehne + Nagel agree to cut CO2 emissions 17% by 2020
The German ocean carrier and Swiss-based third-party logistics provider have signed off on what’s known as the Carbon and Sustainability Pact, an agreement that allows for potential additional emissions reductions on selected shipping routes.
ECT Euromax Rotterdam terminal to offer empty container services
Dubbed the Empty Transferium, the service will offer on-site inspection, cleaning, minor repairs and pre-trip inspection for both dry and refrigerated (reefer) containers at Port of Rotterdam’s ECT Euromax terminal in Maasvlakte starting in 2018.
CMA CGM sells 90% interest in Global Gateway South Terminal
Under the agreement, CMA CGM will remain a minority shareholder with a 10 percent stake in the Port of Los Angeles terminal and will continue to be a major user of the facility under a long-term contract.
Daseke acquires three smaller operators
The Texas-based trucking firm has purchased three trucking companies in the glass, explosives and steel hauling sectors, after closing on four other deals earlier this year.