Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.
G6 Alliance skips transatlantic sailings
The ocean carrier alliance will skip one sailing each on the AX1 and AX2 loops.
EXECUTIVE MOVES: DSW GETS A NEW CFO, NEIMAN MARCUS APPOINTS INTERIM CFO/COO
MICHAEL FUNG STEPS IN AS INTERIM CFO AT NEIMAN MARCUS Michael Fung has joined Neiman Marcus Group (NMG), effective as of November 2th, as Interim Chief Financial Officer and Chief Operating Officer, a position recently vacated by Donald T. Grimes. Fung brings almost 40 years’ experience to NMG, most recently serving as Interim CFO …
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CargoSmart reviews port performance before and after new VGM rule
The ship management software provider analyzed six ports throughout the world to better understand what impact the new verified gross mass amendment of the Safety of Life at Sea convention has had on the shipping industry since it took effect July 1.
Executive Moves: FourKites, Norfolk Southern, and CMQ
FourKites adds senior leaders, while Norfolk Southern appoints new board members and Central Maine & Quebec Railway names executive chairman and CEO.
FRA: Railroads report ‘uneven progress’ on PTC implementation
Positive Train Control has been fully implemented on 12 percent of freight railroad tracks, up from 9 percent in the second quarter of 2016, according to the latest PTC progress report from the Federal Railroad Administration.
Trump picks Elaine Chao as U.S. Secretary of Transportation
Elaine Chao has served as Secretary of Labor under President George W. Bush and Deputy Secretary of Transportation under President George H.W. Bush.
Commerce: U.S. economy grew more than estimated in Q3
U.S. gross domestic product increased 3.2 percent in the third quarter of 2016, according to the “second” estimate from the Department of Commerce, up from a preliminary estimate of 2.9 percent and a revised increase of 1.4 percent in the second quarter.
CMA CGM: APL gains ‘new momentum’
French ocean carrier CMA CGM said APL has improved its performance in the first three months under the ownership of CMA CGM, despite a challenging market.
House follows Senate in unanimously passing rail RESPONSE Act
The Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation Act, which provides training and resources for emergency responders to handle potentially hazardous incidents, will now be sent to the president for final approval.