FASA

BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”

Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.

The U.S. Department of Transportation released more than $90 million among Federal Aviation Administration grants to six airports to make improvements to runways, taxiways and aprons.

Net orders for North American Class 8 trucks totaled 13,800 units in October 2016 as a “significant cleanup of long-term, excess, orders by one OEM” weighed on ordering activity, according to freight transportation analyst FTR.

The Atlanta, Ga.-based parcel giant has entered into an agreement to acquire Marken, a global provider of supply chain services to the life sciences industry.

Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift

The international financial institution said the financing will be used to support Indonesia in addressing issues with the nation’s supply chain, such as long dwelling times at ports and lengthy trade clearance procedures.

The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.

On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers between Red Hook in Brooklyn and Port Newark.

Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge and in the nearby town of Fort Lee to seek revenge against the town’s mayor.