Gene Seroka, executive director at the Port of Los Angeles, said 2016 was an “epic” year, and in 2017, the port will focus on improvements in process management, information technology and land use.
Shares in the Jacksonville, Fla.-based Class I railroad jumped 23.4 percent on Thursday to close at $45.51 following reports outgoing Canadian Pacific CEO E. Hunter Harrison could be eyeing CSX as his next landing spot.
Amsterdam Airport Schiphol reported a cargo throughput of 1.66 million metric tons for the full year in 2016, a 2.5 percent increase compared with 2015 and a record for the airport.
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The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.
Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.