FASA

The terminal operator has joined a group of Nova Scotia business leaders and investment company Cyrus Capital Partners L.P. in plans to build 315-acre marine container terminal on the Strait of Canso.

While Xeneta said rates could continue to fall due to the Panama Canal expansion, London-based firm Drewry said it projects freight rates will rise modestly over the next 18 months.

After a weak first quarter in 2016, east-west capacity rebounded slightly in advance of the traditional summer peak season, but overcapacity, decreased volumes and low rates continued to drive carriers into the ever-changing alliance game.

House lawmakers and port authorities want the U.S. Customs and Border Protection to allocate more new personnel to ports, allowing for cargo and cruise passengers to be cleared faster for entry.

Non-vessel-operating common carrier American Fast Freight has acquired Global Transportation Services, an international freight forwarder, customs broker and logistics services provider.

The Packer Avenue Marine Terminal at the Port of Philadelphia will receive two new super post-panamax container cranes, which are expected to arrive and become fully operational in late 2017.

The Obama administration’s “open data” rules, which were released about three years ago to open the public to federal government data, included a mandate that federal agencies create APIs so software developers could have better access to the federal data.

Beware of forwarding and logistics providers that downplay the impact of new technology in the industry, but also don’t bet on established forwarders going quietly into the night.

The monthly index, which portrays confidence levels in ocean freight and airfreight markets, was still below the neutral 50-point mark in June, indicating a tough market for forwarders.

A division of Norfolk Southern Corp. has reached a settlement with the U.S. Department of Labor’s Office of Federal Contract Compliance Programs to resolve allegations of race-based hiring discrimination.