Annualized turnover rates at large truckload fleets fell another 2 percentage points to 81 percent in the third quarter of 2016, the lowest level since second quarter 2011, according to the American Trucking Associations.
The chief and second engineers of the Top Ship cargo vessel were sentenced Thursday to jail for their role in obstructing a U.S. Coast Guard inspection in July 2015 on board the ship in North Carolina’s Port of Wilmington.
The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.
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The Massachusetts Port Authority said the Conley Terminal will be upgraded with an additional berth and three new cranes, while the Boston Harbor will be dredged to accommodate 12,000-TEU vessels.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
Several ocean carriers have decided to launch various routes in order to fill the void from Hanjin’s halted operation.