FASA

The U.S. Department of Transportation’s economic analysis of electronically controlled pneumatic brakes was based on insufficient data and may have overestimated the benefits of DOT’s proposed mandate, according to the Government Accountability Office.

The Korea Herald reported South Korean liner carrier Hyundai Merchant Marine is reviewing U.S. trade assets of the former competitor.

Wilmington, Calif.-based Trapac disclosed its plans to lease an additional 57 acres and two vessel berths at the port during a meeting of Oakland’s Board of Port Commissioners last night.

Meanwhile, the Port of Los Angeles signed a partnership with the U.S. Department of Commerce and the Center for Global Supply Chain Management to advance the use of technology at ports in order to make them more globally competitive.

On the Shanghai to Northwest Europe trade, rates increased 8 percent since two weeks ago, from $699 per TEU to $755 per TEU, while on the Shanghai to Mediterranean trade, rates slipped 3.1 percent, from $583 per TEU to $565 per TEU.

Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore.

The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit’s first CNG fueling station in Oklahoma City.

The French President Francois Hollande toured the new distribution center and said it was an example of France’s innovation in the logistics arena.

The Swiss-based third-party logistics provider will handle freight forwarding for cosmetics maker Belcorp in Columbia.