FASA

Shipment volumes for the month grew 0.5 percent from February and 0.9 percent from March 2016, while expenditures were down 1.2 percent sequentially but up 3 percent year-over-year, according to the latest Cass Freight Index Report.

The Canadian Class I railway’s profit for the quarter tumbled 20.2 percent year-over-year, despite modest increases in revenues and volumes.

Samskip Logistics USA’s acquisition of Rimar Consultants is increasing Samskip’s reefer portfolio.

Tank storage company and terminal operator Royal Vopak’s expansion at the Port of Santos will add 16 new tanks, boosting the terminal’s total capacity to 235,000 cubic meters.

The Oklahoman port handled 244,311 tons of cargo during the month, accounting for 21 percent of the total cargo shipped through the McClellan-Kerr Arkansas River Navigation System.

The Port of Virginia names new vice president of ocean carrier sales, while Tiger Cool Express promotes chairman and hires president, and SEKO Logistics appoints president of Aerospace & Aviation division.

Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.

The invitation-only event will be held May 3 as part of the port authority’s effort to develop a master plan.

The east-central Canadian province recorded a 262 percent year-over-year increase in reported cargo thefts during the first quarter of 2017, mostly occurring in the Greater Toronto area.

The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.5 percent this year, up from its January projection of 3.4 percent.