American Shipper’s sister publication, the Adam Smith Project, wrote Monday about the dangers of recalibrating trade statistics to suit policy initiatives.
Chief Executive Officer Ted Fick resigned earlier this month amid a Washington State Auditor's Office investigation into an alleged $4.8 million in potentially illegal payouts to port employees.
Michael J. Ward and Clarence W. Gooden, chief executive officer and president of CSX, respectively, will retire from the company May 31, 2017, the Jacksonville, Fla.-based Class I railroad said in a statement.
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The Canadian labor union said its 800 members will be in a legal strike position as of Feb. 6 at 12:01 a.m. eastern time.
The container freight market is strengthening as carriers begin some 2017 negotiations, and Drewry said some shippers could see contract rates rise 20-40 percent in worst case scenarios.
The Allied Pilots Association, the union that represents American Airlines’ more than 15,000 pilots, said it has lost confidence in Chief Executive Officer Doug Parker’s leadership abilities due to “questionable economic and strategic decisions.”