FASA

Shippers and logistics service providers continue to improve the nature of their strategic relationships, recognize the value of technology and innovation, and forecast growth outside their traditional businesses, according to an eyefortransport report.

The U.S. International Trade Commission has determined that domestic manufacturers of stainless steel sheet and strip are harmed by imports of this product from China.

The Commerce Department has determined that imports of steel concrete reinforcing rebar from Japan, Taiwan and Turkey has been dumped on the U.S. market at less than fair value.

The New York-based consulting firm suggested shippers carefully reexamine their procurement strategies to ensure supplier diversity, make sure they use multiple alliances, and study carriers’ financials.

International Shipholding’s reorganization plan, in which it will be owned by SEACOR Ocean Transport Inc., is expected to become effective in the second quarter of this year.

The Japanese ocean carrier could face a fine of as much as 10 percent of its annual revenues for its alleged involvement in a price-fixing scheme for auto shipping in South Africa, according to multiple media reports.

The widening of the basin entrance now allows for bigger vessels to pass through safely and efficiently.

The appointment of outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of Class I railroad CSX is still contingent on a shareholder vote over $84 million in benefits and equity awards he forfeited by leaving CP six months ahead of sched…

Maersk and IBM said they intend to work with a network of shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution, which is expected to go into production later this year.

The container terminal operator is ordering 20 rubber tired gantry cranes and five post-Panamax quay cranes capable of servicing up to 13,000-TEU vessels for its Manila International Container Terminal.