The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can't pick-up and return cargo, containers and chassis for reasons beyond their control.
A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a member of Taiwan’s ruling Democratic Progressive Party.
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The Georgia Ports Authority said almost one-third of its fleet of container stacking machines (45 out of 145), manufactured by Konecranes, have been purchased with or converted to, electric power capability.
Montreal, Canada-based Class I railway Canadian National saw net income for the third quarter of 2016 fall 2.9 percent to C$972 million (U.S. $727.6 million) on revenues that slid 6 percent to C$3.01 billion compared with the same 2015 period.
Two former aides to New Jersey Gov. Chris Christie could face 20 years in prison over their role in “Bridgegate,” which involved tying up traffic on the George Washington Bridge and in the nearby town of Fort Lee to seek revenge against the town’s mayor.