FASA

The index, a composite of container freight rates on eight major routes to/from the U.S., Europe and Asia, is also down 9 percent compared with the same period in 2016, according to London-based maritime consultant Drewry.

The Commerce Department said it will begin to collect countervailing duties on imports of biodiesel from Argentina and Indonesia based on findings that the two countries provide subsidies to these producers and exporters.

The 669,218 TEUs handled by Long Beach port terminals last month resulted in the busiest October ever for container traffic at the Southern California port.

Based in New South Wales, Australia, Transitainer Global, which has been in the U.S.-Australia trade since 1986, will see its U.S. headquarters in Long Beach, Calif. taken over by New York-based logistics provider OL International.

The Gulf Coast port also saw increases in breakbulk and the return of roll-on/roll-off service for the first time since 2005, Port of New Orleans CEO Brandy D. Christian said at the annual State of the Port address Thursday.

FedEx Express is making a firm purchase of 30 ATR 72-600F aircraft, with options to buy up to 20 additional ATR 72-600Fs.

The Federal Transit Administration (FTA) and Federal Railroad Administration (FRA) have selected 17 projects to receive a total of $197 million for the Positive Train Control Grant Program for FY2017.

The eight new last-mile distribution hubs are part of the transportation and logistics provider’s plan to expand its last-mile footprint to 85 hubs by late 2018.

The air carrier will receive four additional Boeing 777 freighters by 2019 for use on its Asia and North America routes later this year.

The U.S. Federal Maritime Commission voted to move forward with issuing a notice of proposed rulemaking in the Federal Register calling for industry feedback into simplifying the agency’s rules and procedures for NSAs and NRAs.