Canada's Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers' Council chairman to its board.
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The Panama Canal's third lane opened for business, following Sunday's transit of the 9,472-TEU COSCO Shipping Panama.
Terminal operators at the Ports of Los Angeles and Long Beach announced an increase to the Traffic Mitigation Fee, which is collected on cargo moving through terminals during peak hours.
German ocean carrier Hapag-Lloyd reached an agreement with United Arab Shipping Company on a merger that would make Hapag-Lloyd the fifth largest container carrier in the world.