FASA

Kansas City Southern posted record second quarter revenues of $656 million, a 15 percent year-over-year jump, fueled by carload volume growth in four out of the Class I railroad’s six major commodity groups.

The Senate Appropriations Committee has approved the FY2018 Energy and Water Development Appropriations Bill, which allocates $6.2 billion for the Army Corps of Engineers, up $190 million from FY2017 and $1.2 billion from the president’s budget request.

The port authority’s fiscal year 2017 saw a 6.7 percent volume increase compared to the year prior, with all cargo, including containerized cargo, reaching record fiscal year highs.

The new weekly service is being supported by three dedicated vessels providing direct transits through the Panama Canal between Miami and a handful of cities in Ecuador and Peru.

The National Shipping Company of Saudi Arabia’s net profit tumbled 51.6 percent year-over-year for the first half of 2017, but looking ahead, it plans to complete the establishment of a joint venture with Bolloré Logistics Sas by the third quarter of 2017.

The Qatar-based shipping and logistics company has launched a service with two loops and five weekly sailings between Qatar and Oman, according to a recent tweet.

Philly Shipyard has declined to name the entity that it signed the agreement with, saying only that it’s “a blue chip U.S. shipping operating company.”

The port saw substantial increases in eight of the ten market segments during the first half of the year.

As part of the study, the speed of participating vessels will be reduced through waters in the Pacific Northwest when it’s feasible and safe to do so, between Aug. 7 and Oct. 6.

The United Kingdom port terminal will get two new 59.5-meter cranes, while ten existing cranes will be raised to a height of 46.5 meters, the port authority said in a statement.