FASA

Jack Hellmann, chairman, president and CEO of short-line and regional railroad operator Genesee & Wyoming, said the company is continuing to evaluate various acquisition and investment opportunities across its global footprint of railroads.

The U.S. Army Corps of Engineers has awarded a second $213 million contract to Great Lakes Dredge and Dock Co. to carry out the remaining dredging of Charleston Harbor’s entrance channel to 54 feet, allowing it to handle larger containerships.

In addition to continued growth in gross domestic product (GDP), new orders for manufactured durable goods rose $5.1 billion to $238.7 billion last month, according to data from the U.S. Bureau of Economic Analysis and Census Bureau.

In other news, China COSCO Shipping’s tanker unit, COSCO Shipping Energy Transportation, will order 14 tankers, according to a report from maritime news outlet Splash 24/7.

Phase II of the $35 million South Terminal Modernization project, construction of which is slated to begin in April 2018, will upgrade the facility’s dock structure and electrical system, the Pacific Northwest port said in a statement.

The technology startup provides application program interfaces (APIs) across parcel carriers to allow small businesses to quote shipping costs more accurately for domestic and international orders.

The containership owner posted operating revenues of $113.6 million for the third quarter of 2017, a 1.6 percent increase compared to $111.8 million for the three months ended Sept. 30, 2016, according to the company’s most recent financial statements.