FASA

Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.45 billion for the third quarter of 2017, up 26.5 percent from the corresponding 2016 period.

The North Atlantic port handled 573,458 TEUs in September, a 15.2 percent increase from 12 months prior, back when 18,000-TEU ships were not able to sail beneath the Bayonne Bridge.

Germany’s Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operator Deutsche Bahn, could be taken up again, according to a report from Reuters last week.

Self-steering mega container vessels, overcapacity and industry consolidation could lead to further reduction in the number of shipping lines, as well as the extinction of the standalone freight forwarder, according to a new report from McKinsey & Co.

The deadline for public comments to be received on a provision regarding electronically controlled pneumatic (ECP) brakes in a Pipeline and Hazardous Materials Safety Administration hazmat tank car final rule is 11:59 pm Eastern time, Nov. 1.

Chicago-based freight broker and third-party provider Echo Global Logistics recorded a net income of $2.4 million on revenues of $509.5 million for the quarter, according to the company’s most recent financial statements.

North America recorded an 8.9 percent jump in domestic freight in August and a 10.7 percent jump in international freight during August, according to recent data from Airports Council International (ACI).

Class I railroads Canadian National (CN) and Norfolk Southern (NS) have established a joint interline service to bypass interchange points in the historically congested rail hub of Chicago, reducing transit times by up to 48 hours.