FASA

The American Association of Port Authorities says members are concerned about declines in federally funded port programs in the proposed fiscal 2018 budget, but encouraged by plans to support $1 trillion in infrastructure over 10 years.

The South Florida port will initiate a two-part expansion project to build five more berths and extend gantry crane infrastructure to accommodate larger vessels.

Retail giant Target’s chief executive Brian Cornell warned lawmakers on the House Ways and Means Committee during a hearing Tuesday that implementation of a border adjustment tax would hurt middle class Americans more than anyone else.

The French ocean carrier will implement a $150 booking cancellation fee from North Europe to the Red Sea, Middle East, India, Pakistan and Sri Lanka.

With Agility’s agreement to a misdemeanor in connection to a single $551 invoice and no criminal fine, the Kuwait-based third-party logistics services provider is another step closer to resuming its pursuit of new U.S. government contracts.

According to Angeliki Frangou, chairman and CEO of the Piraeus-based ocean carrier, thanks to a recovering market, Navios is “positioned to enjoy substantial free cash flow from an increase in charter rates.”

The Port of New Orleans has received the U.S. Department of Agriculture’s approval to participate in a cold treatment pilot program that allows for improved transit of time-sensitive imported fruits from South America.

The Athens-based containership charterer said it saw time charter revenues plunge “mainly due to reduced employment opportunities and time charter rates.”