Although iron ore shipments from U.S. Great Lakes ports rose 5.4 percent in October from a year prior, loadings from Canadian ports tumbled 33.4 percent.
NWSA lengthens extended gates program
The Northwest Seaport Alliance has lengthened its extended gates program to support the peak shipping season’s strong agricultural exports.
SCFI declines for second straight week
Since last week alone, the index has fallen 4.1 percent to a reading of 825.10, with rates declining from Shanghai to Northwest Europe, the Mediterranean and the United States.
Executive Moves: Port Tampa Bay and DHL Supply Chain
Port Tampa Bay appoints VP of operations, while DHL Supply Chain names managing director for its Hong Kong and Macau business.
Port of Charleston achieves incremental box growth since mid-year
During the first four months of the South Carolina Ports Authority’s fiscal year, which began July 1, 2016, container volumes reached 689,753 TEUs, a 1.7 percent increase from the same period in 2015.
Watco to acquire 20 U.S. bulk terminals from Kinder Morgan
The Pittsburg, Kan.-based transportation and terminal services provider’s purchase includes 14 inland waterway facilities, four rail and truck terminals, and two deep water port operations across the southern and midwestern United States.
Descartes acquires 4Solutions
Descartes Systems Group has acquired 4Solutions, an Australia-based provider of cloud-based business-to-business supply chain solutions, for about $2.7 million
Rickmers posts 198.7m euro loss for first nine months of 2016
The German shipowner and breakbulk ship operator said it sees no signs of a recovery in the general economic conditions for the final quarter of the year.
CSX cuts Q4 2016 earnings expectations
Cindy Sanborn, chief operating officer of the Class I railway, told investors and analysts at the Baird 2016 Industrial Conference in Chicago the company expects an $0.08 impact to fourth quarter earnings per share due to costs from debt refinancing.
UPS upgrades Jacksonville ground package hub
The Atlanta, Ga.-based parcel giant will spend $196 million to expand its Jacksonville, Fla. ground package hub to add more than 260,000 square feet to the building and automation.