Jon Slangerup announced his resignation as chief executive officer of the Port of Long Beach and accepted a position as chairman and CEO of a leading aviation technology company.
Alabama & Tennessee River Railway increases train speed
The short line railroad affiliate of OmniTrax will raise the speed of trains on a 90-mile stretch of track between Birmingham and Gadsden, Ala. thanks to significant investment in track, related signals, communications systems and crossings.
NEWS FLASH: Shipper, terminal operator ask U.S. bankruptcy court to modify Hanjin order
Electronics manufacturer Samsung said in court filings that “cargo owners are being held hostage,” while Maher Terminals said it “is not required to extend free credit to Hanjin, and should not be forced to.”
Private equity firm invests in Nolan Transportation Group
Charlotte, N.C.-based Ridgemont Equity Partners closed on an equity investment in freight broker Nolan Transportation Group to support the firm’s “continued rapid growth,” the companies said in a joint statement.
BNSF to commence Pacific Northwest-Texas expedited intermodal service
The Berkshire Hathaway-owned Class I railway said its new intermodal service connecting Portland, Ore. and Seattle, Wash. with Dallas Fort Worth will provide comparable transit times to single-driver, over-the-road options.
BWR: Hanjin’s market share on Asia outbound trades
A chart constructed with data from BlueWater Reporting shows Hanjin Shipping’s impact on several prominent trades out of Asia, as several carriers are swooping in to launch new services, filling the void of the insolvent Hanjin.
Ackman resigns from CP board
Canadian Pacific Railway announced changes to its board of directors, including the appointment of Jill Denham and William R. Fatt, and the resignation of activist investor Bill Ackman.
U.S. Customs extends ACE deadline for post-release functions
The trade community now has until Oct. 29 to file liquidations, drawbacks, reconciliations, duty deferrals, collections, statements and automated surety interface forms in the new Automated Commercial Environment.
COTERIE PREVIEWS AT NEW YORK FASHION WEEK
The Coterie fashion trade show features some of the best brands in the fashion industry, but now it’s growing its own brand with creative, out-of-the-box events taking place during New York Fashion Week. The concept? To expand Coterie beyond the Javits trade show walls with an off-site style/fashion/music mix that helps …
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USCG completes review of first El Faro hearing
The U.S. Coast Guard’s Marine Board of Investigation has reviewed the transcripts for the first public hearing session into the loss of the TOTE Maritime general cargo ship, which sank last October and claimed the lives of 33 people on board.