American Shipper’s sister publication, the Adam Smith Project, wrote Monday about the dangers of recalibrating trade statistics to suit policy initiatives.
Chief Executive Officer Ted Fick resigned earlier this month amid a Washington State Auditor's Office investigation into an alleged $4.8 million in potentially illegal payouts to port employees.
Michael J. Ward and Clarence W. Gooden, chief executive officer and president of CSX, respectively, will retire from the company May 31, 2017, the Jacksonville, Fla.-based Class I railroad said in a statement.
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Of the 98 ships in Hanjin's former fleet, 63 ships with close to 460,000 TEUs of capacity remain idle, 31 ships with 134,000 TEUs of capacity have been redeployed, and four ships with 15,000 TEUs of capacity were scrapped.
BlueWater Reporting has illustrated how ocean carrier alliances have taken over the Asia-Europe and transpacific trades over the years, as independent carriers have all but disappeared from these trades.
An internal investigation into roll-up transportation and logistics provider Roadrunner Transportation Systems’ financial reports has concluded that its 10-K SEC statements dating back to 2014 overstated earnings by between $20 million and $25 million.