Shanghai Pudong Int’l Airport Cargo Terminal, the largest airfreight handling services provider at Shanghai Airport, in the first seven months of 2016 saw volumes grow 2 percent to 919,461 metric tons compared with the same 2015 period.
The Northern Sea Route, which can cut 12 to 15 days off voyage times between Asia and North Europe compared to the traditional Suez Canal routing, is currently only usable during the summer season, but could be open year-round by 2020.
Major freight railroads in the United States employed 152,718 workers as of the middle of July 2016, up 0.19 percent from the previous month but down 10.71 percent year-over-year, according to data from the Surface Transportation Board.
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APM Terminals has agreed to a $43.2 million “reparation” payment to avoid losing its concession at Puerto Quetzal in Guatemala despite the fact that alleged offences occurred before the company took over the terminal earlier this year.
Charles “Wick” Moorman, who was the former CEO of Class I railroad Norfolk Southern Corp. until June 2015, will head Amtrak effective Sept. 1.
The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition in the liner shipping industry and falling freight rates.