Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most recent financial statements.
Gerry Wang, chief executive officer of Seaspan, expressed how he believes the industry will gradually improve if scrapping remains high and new ship orders remain low.
Canada's Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
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The Northern California port’s container volumes were hindered by a slowdown in empty containers moving through the port.
The San Rafael, Calif.-based global logistics and transportation services provider is transforming its multi-use terminal at the Port of Los Angeles into a laboratory for clean energy technologies.
The European Commission said new rules will take effect this December, which are aimed at increasing price transparency in container shipping.