The new Landstar U.S./Mexico Logistics Service Center’s yard is capable of holding over 450 trailers, 2.5 times the capacity of its previous Laredo facility.
The nominations of Wilbur Ross as Secretary of Commerce and Elaine Chao as Secretary of Transportation have been approved by the Senate Committee on Commerce, Science, and Transportation, and now move to the full Senate for approval.
Brian A. Kenney, president and chief executive officer of GATX Corporation, said the company achieved record earnings per share for the full year of 2016.
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Members of the 2M Alliance - Maersk and MSC - reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve HMM buying slots on 2M vessels and 2M partners purchasing slots with HMM on selected routes.
Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.
COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.