FASA

The alliance’s transatlantic TA1/NEUATL1 service is operated with five U.S.-flagged Maersk vessels with an average capacity of 4,611 TEUs, according to ocean carrier schedule database BlueWater Reporting.

The Omaha-based Class I railroad is eliminating 500 manager jobs and 250 railroad workers in a greater attempt to save up to $400 million a year in costs, according to multiple media sources.

Mediterranean Shipping Co. and Hapag-Lloyd are scheduled to launch a new loop between Europe and the East Coast of South America at the end of September that will deploy nine vessels with an average capacity of 9,000 TEUs.

Elizabeth Erin Walsh was sworn Thursday as the Commerce Department’s new assistant secretary for global markets and director general of the U.S. and Foreign Commercial Service.

The Chicago O’Hare International Airport’s second phase of its Northeast Cargo Center opened Thursday as cargo volumes at the airport continue to soar.

South Korea on Thursday agreed to lift its ban on imports of U.S. poultry products and added a temporary measure to allow U.S. fresh eggs to enter the country duty free.

The state legislature voted to award the Taiwanese technology firm a $3 billion package to build a 2 million square-foot facility in Wisconsin.

Although spot container rates declined from Shanghai to Europe, the Mediterranean and the U.S. East Coast since last Friday, rates from Shanghai to the U.S. West Coast experienced a slight increase, according to the Shanghai Containerized Freight Index.

The U.S. government has entered a new agreement with Colombia that will ease some of the previous requirements on U.S. paddy rice exported to the South American country, according to the U.S. Department of Agriculture.

The Thailand-based container shipping line posted a net profit of 163 million Thai baht (U.S. $5 million) for the second quarter of 2017 on revenues of THB 2.8 billion.