The Federal Maritime Commission (FMC) is offering cargo and commercial dispute assistance as ports and railroads around the gulf coast are still out of operation through at least the end of the week due to flooding.
ZIM swings to profit in Q2 2017
Looking ahead, ZIM’s primary focus will be on profitability, and the Israeli ocean carrier will focus on markets where it has a competitive advantage, said Eli Glickman, the carrier’s president and chief executive officer.
Harrison to STB: CSX undergoing ‘profound, transformational’ changes
According to CSX CEO Hunter Harrison, the plan to transition the Jacksonville, Fla.-based Class I to his so-called “precision scheduled railroading” program requires a “complete and thorough examination of each and every detail of CSX’s network.”
Xeneta: Will container shipping ‘sabotage its own success’?
Despite a positive outlook for the rest of the year in the container shipping industry, the 78 new mega ships in the orderbook will likely push capacity and rates over the edge, according to market intelligence platform Xeneta.
COSCO SHIPPING International grows profits, revenues in first half 2017
As of June 30, 2017, COSCO SHIPPING International, the investment arm of China COSCO Shipping, had net cash of HK $6.42 billion, which it said will provide strong capital support for major acquisitions and expansion of existing businesses in the future.
Unions criticize Liberty’s labor switch
Ship and dockworker unions are protesting a decision by Liberty Maritime to employ deck and engineering officers from the AMO to operate its newest U.S.-flag ship, rather than using those of its longtime union, MEBA.
OOIDA: ELD mandate should be delayed while states get their act together
The Owner-Operator Independent Drivers Association says it supports a delay to the electronic logging device mandate due to a growing number of reasons, including what it characterized as a lack of preparedness by state law enforcement agencies nationw…
Maersk Line adds new transatlantic service to network
The Danish ocean carrier will join Hapag-Lloyd’s JMCSA service from Mediterranean ports to Montreal in September, just as Europe and Canada initiate the Comprehensive Economic and Trade Agreement (CETA).
FourKites partners with Mexican 3PL
The logistics software provider has formed a partnership with Vitti Logistics to provide the third-party logistics provider’s customers with real-time freight tracking across Mexico.
GAO: CBP should take holistic approach to FTZ oversight
The Government Accountability Office (GAO) has recommended that U.S. Customs and Border Protection (CBP) take a more holistic approach to its compliance oversight of the nation’s sprawling foreign trade zone industry rather than on a case-by-case basis.