SCI names new CEO, while the Louisiana governor appoints commissioner to the Port of New Orleans board.
The Panama Canal Authority said it is confident in the process it uses to move ships through the new locks at the canal, following an accident last week that damaged the Xin Fei Zhou after it made contact with one of the walls at the Agua Clara Locks.
Ocean carrier MSC has started investing in TRAXENS, a French start-up that produces technology for ocean container tracking.
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The Calgary-based Class I railroad cited lower-than-anticipated bulk volumes, the devastating wildfires in northern Alberta and a strengthening Canadian dollar as the primary reasons for the downward revision in earnings expectations.
The Omaha, Neb.-based trucking and logistics company released a second quarter earnings forecast well below analysts’ estimates, blaming sluggish freight demand and higher driver pay for the shortfall.
The U.S. Department of Transportation has announced 18 proposed grant awards totaling $759.2 million in funding for nationally significant transportation infrastructure projects under the Fixing America’s Surface Transportation (FAST) Act of 2015.