Surface Transportation Board Chairman Daniel R. Elliott III will no longer send an annual letter to the industry asking Class I and other railroads to comment on their end-of-year outlook for traffic volumes and operations.
The German ocean carrier revealed the merger between itself and UASC will create the world’s fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
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Ocean carriers MOL, NYK and “K” Line all reported losses in their container segments and lower revenues year-over-year for the first fiscal quarter, which ended June 30.
Meanwhile, the A.P. Møller - Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.
However, the Department of Homeland Security waived the 100 percent scanning law for the third time, which was originally scheduled to be implemented four years ago in reaction to 9/11.