The COSCO-PSA Terminal (CPT) in Singapore has opened a new berth as alliance services continue to increase volumes at the Southeast Asian port hub.
Executive Moves: UPS, Canadian Pacific, SeaCube Container Leasing and MPC Capital
UPS hires chief transformation officer; Canadian Pacific names vice presidents for its three business units within the sales and marketing team; SeaCube Container Leasing names chief commercial officer; and MPC Capital unveils changes in its shipping u…
Justice Department firms up FCPA self-disclosure policy
The U.S. Justice Department will make permanent a program that encourages companies to self-disclose violations of the Foreign Corrupt Practices Act (FCPA), but it’s not a get-of-jail-free pass for wrongdoing.
U.S.-Canada lumber dispute still smoldering
The Canadian government has requested consultations with the United States at the WTO in an effort to counter the U.S. Commerce Department’s recent implementation of antidumping and countervailing duties on imports of Canadian softwood lumber.
Judge postpones Waymo-Uber trial amid accusations defendant hid evidence
On Nov. 28, Judge William Alsup put the start of the trade secrets trial on hold after he was notified by the U.S. attorney’s office of a letter that purportedly detailed a covert effort by Uber to covertly gather intelligence on its competitors.
Commerce ups Q3 2017 U.S. GDP estimate
United States gross domestic product increased 3.3 percent in the third quarter of 2017, according to the “second” estimate from the Department of Commerce, up from the “advance” estimate of 3 percent.
MPC buys feeder fleet for $130m
Cido Shipping is reportedly selling 10 ships to MPC Container Ships, all of which were built within the last decade, boosting the fledgling vessel owner’s fleet to a total of 33 ships.
FedEx strikes deal with Textron for up to 100 aircraft
FedEx Express will purchase 50 clean-sheet Cessna SkyCourier 408 aircraft from Textron Aviation, with options to buy up to 50 additional aircraft, the parcel carrier said in a statement.
DHL orders 10 Tesla electric Class 8 trucks
DHL Supply Chain will test the trucks at its customer operations in major U.S. metro cities, and they will be used for shuttle deliveries and same-day customer deliveries when they become available in 2019, the company said in a statement.
Port of Seattle approves $895m 2018 capital budget
The Pacific Northwest port’s operating revenues for next year are projected at $670.5 million, which is $50.2 million (8.1 percent) higher than in the 2017 budget.