The Port of Savannah will weigh export containers at no cost to help shippers comply with new International Maritime Organization requirements for providing verified gross mass data to carriers.
The transportation management system software provider had been planning for the next stage of its growth since early 2016 by looking for opportunities to extend the reach and capabilities of its LeanTMS platform.
Air cargo craft operator Atlas Air Worldwide Holdings, which saw net income and revenues plummet year-over-year in the first quarter of 2016, said it expects earnings and cash flow to grow over time thanks to new agreements with e-commerce behemoth Amazon.
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Meanwhile, a global survey from the London-based Federation of National Associations of Ship Brokers and Agents finds many countries have failed to take action at national level to ensure the IMO container weight requirement can be met.
A total of 1.75 million tons of cargo were transported by U.S.-flag Great Lakes freighters during the month, a 112 percent increase from March 2015.
The South Korean shipping conglomerate is also considering sale of its tanker business as part of its "self-rescue" plan to increase liquidity and improve its finances, according to local media reports.