FASA

U.S. Senate Minority Leader Charles Schumer, D-N.Y., called on the departments of Transportation and Energy to finish and quickly implement rules mandating that crude oil be made less volatile before being shipped across the country by rail.

The Chicago-based technology company, which has been a leading voice in driving acceptance of API connectivity, launched an offering that integrates multimodal data.

Proceeds of the offering are expected to be used to fund the acquisition costs of additional dry bulk vessels and general corporate purposes.

Federal Maritime Commissioner Mario Cordero, who will leave the agency in May to become Port of Long Beach Executive Director, said in addition to its regulatory role, the FMC has become a trade facilitator, fostering the movement of waterborne transport.

Memphis, Tenn.-based integrator FedEx leapfrogged arch-rival UPS to become the largest cargo carrier by freight revenues in 2016, according to the Transport Topics Top 50 Largest Global Freight Carriers list.

Alaska Airlines subsidiary Horizon Air and the International Brotherhood of Teamsters have reached a tentative agreement to amend their existing eight-year contract covering the company’s 620 pilots.

Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.