Sections of the long-haul and drayage trucking communities are still unprepared for implementation of the fast approaching federal mandate to install electronic logging devices (ELDs) on all commercial trucks and buses by Dec. 18, 2017.
Navios Maritime acquires two 4,250-TEU containerships
The acquisition of the two vessels follows the announcement earlier this year that the company was buying 14 containerships with an aggregate capacity of 57,100 TEUs.
NTSB: 2015 Union Pacific collision a result of sleeping crew members
The National Transportation Safety Board (NTSB) has determined that the likely cause of a 2015 Union Pacific rail collision in Texas was sleeping crew members and a lack of a functioning positive train control (PTC) system.
Spot container rates fall on major trades
Since last week, spot container rates from Shanghai to Europe, the Mediterranean and the U.S. have all declined, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
Report: COSCO shareholders approve OOIL acquisition
COSCO Shipping’s $6.3 billion offer for the parent of Hong Kong-based ocean carrier OOCL is still dependent on several other preconditions, including anti-trust reviews by competition authorities in China, the European Union and the United States.
Werner revs up earnings, revenues in Q3 2017
The Omaha, Neb.-based transportation and logistics services provider’s net income increased 19 percent year-over-year during the quarter to $22.5 million amid an improved freight market, according to Werner Enterprises’ most recent financial statements.
U.S. Bank: Freight payment index jumps 8.3% in Q3 2017
The increase in payments for third quarter 2017 was the largest quarterly gain since 2014, and was accompanied by a 3.3 percent increase in shipment volumes despite a difficult hurricane season, according to U.S. Bank.
Port of Vancouver buys land for warehousing, distribution
According to the Vancouver Fraser Port Authority, the availability of large parcels of industrial land for logistics warehouses and cargo distribution centers is declining at an alarming rate.
APL, CNC to launch joint intra-Asia loop
Liner carriers APL and Cheng Lie Navigation (CNC Line) will launch the Korea China Straits (KCS) service on Nov. 18, which will deploy five Panamax vessels.
Stakeholders agree federal funds necessary for infrastructure investment
At a House hearing on infrastructure last week, Congress heard from highway and transit stakeholders, who all echoed the same sentiment: federal funds are necessary for infrastructure investment, yet they are shrinking.