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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In a research note, analyst Michael Webber of Wells Fargo cited both internal company sources and the Oil Price Information Service, who say Kinder Morgan may sell a half interest in the 16-ship fleet.
The "K" Line container terminal will have its berth rebuilt and four cranes added so that it will be capable of working two ultra-large 18,000-TEU containerships simultaneously.
Federal Maritime Commissioner William P. Doyle praised the statement from ocean carrier group OCEMA, but noted officials "still need to address an important liability issue for the shippers" in order to implement new verified gross mass requirements.