FASA

The South Korean shipping conglomerate has already reached a deal with Zodiac Marine, according to shipping publications Lloyd’s List and Tradewinds.

The Japanese ocean carrier exceeded its goal of a 10 percent reduction in its carbon dioxide emission rate per unit of transportation from ships by fiscal 2015, according to a statement from the company.

Ocean carriers CMA CGM of France, Germany’s Hapag-Lloyd and MOL of Japan announced upcoming general rate increases, while this past Friday, the Shanghai Containerized Freight Index rose 1.9 percent from a week prior to a reading of 588.59.

The derailment of a Union Pacific freight train on Friday, which burst into flames and spilled crude oil into the Columbia River near Mosier, Ore., was likely caused by track failure, UP spokesperson Raquel Espinoza said Sunday.

Port of Seattle picks head of environment and the Port of Brownsville elects chairman, while K+N names global head of air freight and IATA appoints chairman.

Rail theft has emerged as a more prevalent problem in Mexico, primarily in the states of Guanajuato and Querétaro, while fuel theft across the nation has also increased.

Announcements by terminal operators in Oakland and Los Angeles/Long Beach are “positive steps toward achieving the flexibility of compliance” with the new SOLAS verified gross mass rule, says Federal Maritime Commission Chairman Mario Cordero.

Net orders for North American Class 8 trucks in May grew 4 percent from April, but were still down 30 percent compared with May 2015, according to preliminary data from freight forecaster FTR Transportation Intelligence.

Combined United States carload and intermodal cargo volumes fell 6.8 percent in May compared with May 2015 and 7.6 percent for the first five months of 2016, according to data from the Association of American Railroads.