FASA

The Athens-based ship owner has entered into an agreement with an undisclosed third party to sell up to seven of its containerships for a total value of $104 million, according to a statement from the company.

Eight of the 20 carload commodities tracked by the Association of American Railroads (AAR) were on the rise in September 2017 compared to the same period a year prior, according to recent data from the association.

A meeting of the Port Commission of the Port of Houston Authority on Wednesday revealed that Executive Director Roger Guenther has the authority to lower tariff charges, according to the Houston Chronicle.

The White House moved forward this week to further talks with South Korea to amend the free trade agreement between the two countries, known as KORUS.

Port operator APM Terminals ended its operations at the Port of Tacoma on Sept. 30, and transferred its lease to a new joint venture between terminal operator SSA Marine and ocean carrier Matson Lines, dubbed SSAT, on Oct. 2.

The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) issued three separate training grants totaling $23.8 million to help improve the safety of hazardous materials (hazmat) transportation nationwide.

Large crop harvests this season, along with limited barge space due to portions of the Ohio and Mississippi rivers being closed, has sent spot rates for barge transportation through the roof in October, according to a report from The Farm Journal.

The Commerce Department deferred issuing a preliminary determination this week in its antidumping duty investigation of imports of Chinese aluminum foil, citing that more time is needed to analyze China’s non-market economy status.

With the next potential hurricane already sweeping through Central America, the U.S. Coast Guard has set port conditions and restricted vessel traffic for Gulf Coast ports from Louisiana to Florida.