A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
Under the newly expanded contract, Worldwide Flight Services will handle up to seven direct flights a week connecting Chicago O’Hare International Airport with Taipei and an estimated 56 million kilos in cargo annually, according to a statement from WFS.
The primary federal funding mechanism for transportation infrastructure projects will run out of money once the FAST Act expires in 2020, according to Bud Wright, executive director of the American Association of State Highway and Transportation Officials.
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T.J. England, the chief legal officer for Salt Lake City-based trucking carrier C.R. England, said it intends to immediately appeal the decision.
The United States Maritime Alliance, the employer group that negotiates the master contract with the International Longshoremen's Association, called the ILA’s planned work stoppage threat “disturbing.”