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.
Registration takes less than 1 minute.
In addition, the United States Senate on Saturday passed S.612, the Water Infrastructure Improvement for the Nation Act, which included Congressional authorization for the 52-foot Charleston Harbor Deepening Project.
On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers between Red Hook in Brooklyn and Port Newark.
The South Carolina Ports Authority handled 1.996 million TEUs in 2016, beating its previous calendar year container throughput record set in 2005.