FASA

The deal, which involves Hanjin’s Asia-U.S. assets, does not include Hanjin’s five, 6,500-TEU containerships or Hanjin’s 54 percent stake in Total Terminals International at the Port of Long Beach, according to several media reports.

President-elect Donald Trump announced a series of immediate actions he plans to take to increase jobs and wages for workers, including the withdrawal from the Trans-Pacific Partnership agreement.

Officials from the American Association of Railroads and American Short Line and Regional Rail Association told the RailTrends 2016 conference in New York federal regulators should hold off on any new rulemakings until the new administration takes over.

The Port of Montréal, located along the St. Lawrence River, launched its new container terminal Friday, boosting the port’s handling capacity by 450,000 TEUs.

Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL announced new freight rates on various trades.

Fellow Japanese ocean carrier “K” Line exited the Transpacific Stabilization Agreement Aug. 19, while MOL, the other major ocean carrier based out of Japan, left the group in 2008.

Danish ocean carrier Maersk Line said there is now consideration of “other cooperation possibilities,” while Hyundai Merchant Marine of South Korea said it expects a “formal agreement either in the end of November or early December.”

The board of directors of Omaha, Neb.-based Class I railroad Union Pacific has authorized the early repurchase of up to 120 million common shares by Dec. 31, 2020, approximately 15 percent of current outstanding stock.

The North Florida port’s new Intermodal Container Transfer Facility provides rail service to the Blount Island Marine Terminal and TraPac Container Terminal at Dames Point, connecting the terminals with Class I railway CSX’s main line.

The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.