FASA

The U.S. government has amended Obama-era regulations regarding trade with Cuba to bring them in line with President Trump’s June order to cut off potential American business ties with Cuban government entities.

The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6 million) on group revenues of 14.6 billion euros for the quarter, according to the company’s most recent financial statements.

A.P. Møller-Maersk CEO Soren Skou said the third quarter was “one of the busiest quarters that this company has ever seen with multiple moving parts” in the Danish’ conglomerate’s third quarter earnings call.

The Taiwanese ocean carrier also unveiled expansion plans in Southeast Asia and the Mediterranean amid an 11.1 percent percent year-over-year gain in transport volumes to 1.24 million TEUs for the third quarter.

The Seagirt Marine Terminal at the Port of Baltimore was closed to trucking transactions for parts of Monday and Tuesday, but has since reopened, according to the Maryland Ports Authority (MPA).

The ocean carrier announced it will split the AS1 while also making port adjustments to the CIX and CI3 services within its India Subcontinent container service network.

Truckload, intermodal and logistics provider Schneider National reported a net income of $36.9 million for the third quarter of 2017, up 0.2 percent compared to the same period in 2016, according to the company’s latest financial statements.

The project is a part of an initiative to assess the effectiveness of artificial intelligence technology, and aims to reduce fuel consumption and vessels’ environmental impact by verifying the technology’s accuracy, according to the Japanese ocean carrier.

Navis appoints general manager for Europe, the Middle East and Africa; and OmniTRAX names executive vice president, industrial development group.

The Port Authority of New York and New Jersey (PANYNJ) is projecting a surplus of revenues after operating expenses and debt service of $1.5 billion for next year, which would be up $12 million (0.8 percent) from 2017 levels.