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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NYK, “K” Line and MOL each reviewed the past year and plans for the future, including the new joint venture between the three companies, which they plan to form in July.
Federal Maritime Commission Chairman Mario Cordero says he is willing to discuss the agency's concerns with Port Authority of New York/New Jersey and OCEMA member carriers, leaving the door open for future approval of a revised agreement.
The World Container Index has increased by 62 percent since the bankruptcy of Hanjin at the end of August 2016, London-based shipping research and consulting firm Drewry said.