FASA

Located in the Chicago-metro area, the new facility will be operated by Odyssey subsidiary CMI Logistics and is expected to increase throughput by 20 percent, according to Odyssey President and CEO Bob Shellman.

The South Florida port finalized a transaction with Wal-Mart Stores East to divest 271 acres of land near Interstate 95 in Cocoa, Fla., for use as a distribution center and refrigerated warehouse complex.

U.S. and Mexican customs authorities hope to provide fully restored operations at the World Trade Bridge border crossing in Laredo, Texas, on Monday, May 29.

Southwest Airlines Co. names director of cargo sales, and United Council for International Business appoints senior vice president of ATA Carnet and trade services.

Due to the increased frequency of cargo moving between China and the U.S., the freight forwarder will first build warehouses in Hong Kong and Los Angeles for consolidation and rerouting purposes.

Recent data from the Baltic and International Maritime Council (BIMCO) and London-based maritime consultant Drewry suggests the underlying imbalance of supply and demand in container shipping may be improving.

The ocean shipping industry is still grappling with the post-Hanjin reality that another major carrier could go bankrupt, potentially stranding cargo on the water and leaving shippers, creditors, and service providers to once again pick up the pieces.

Total cross-border trade between the United States, Mexico and Canada in March exceeded $100 billion for the first time since October 2014, according to the Department of Transportation’s Bureau of Transportation Statistics.

A customs worker strike across Chile this week has caused major disruptions at border check points, ports, airports and freight terminals for truckers and motorists alike.