Freight News
The U.S. Justice Department said Oct. 24 that the owner and operator of the container vessel Dali, have agreed to pay US$102 million to resolve a civil claim brought by the U.S. for costs borne in responding to the catastrophic collapse of the Francis Scott Key Bridge in the Port of Baltimore.The settlement against Singaporean corporations Grace Ocean Private Ltd., and Synergy Marine Private Ltd., resolves the U.S. claims for ...
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U.S. Transportation Command, or USTRANSCOM, has awarded Trailer Bridge Inc. a stevedoring and terminal services contract for Danish ports, an indefinite-delivery/indefinite-quantity pact potentially worth more than US$60 million.Under the five-year single-source contract, Trailer Bridge will be responsible for providing all stevedoring and related terminal services ...
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A.P. Moller - Maersk has upgraded its full-year guidance for 2024, due to a third quarter operating profit of US$3.3 million, based on preliminary unaudited figures, the shipping giant said Oct. 21.APMM now expects full-year 2024 operating income of US$5.2 billion to US$5.7 billion, up ...
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J.B. Hunt Transport Services Inc. reported third quarter net earnings of US$152.1 million, down early 19 percent from US$187.4 million in the year-earlier period.Operating revenue slipped 3 percent in the latest quarter to $3.07 billion, which the Lowell, Arkansas-based motor carrier said was primarily driven ...
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Transits of the Panama Canal dropped 29 percent in the Panama Canal Authority’s fiscal year 2024, which ended Sept. 30, reports Simon Heaney, Drewry’s senior manager, container research.Transits of the Central American cut-through reached 9,936 in FY2024, down 29.4 percent from the 14,080 transits in ...
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Descartes Systems Group, a leading provider of on-demand, software-as-a-service solutions, said it has acquired Sellercloud, a provider of omnichannel ecommerce solutions.New-Jersey-based Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers. Its Inventory Management Solutions and Order Management Solutions (IMS/OMS) help customers synchronize, plan and ...
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U.S. Surface Transportation Board has approved applications from CSX Corp. and Canadian Pacific Kansas City, or CPKC, to acquire rail lines operated by Genesee & Wyoming Inc.’s Meridian & Bigbee Railroad.
The approval, effective Nov. 16, allows creation of a new direct CPKC-CSX interchange ...
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The Oregon International Port of Coos Bay has been awarded a US$25 million U.S. Department of Transportation grant for the development of its Pacific Coast Intermodal Port, or PCIP.The funding, from the DOT’s Infrastructure for Rebuilding America program, or INFRA will support environmental compliance and ...
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SeaPort Manatee is to receive US$9.5 million to jumpstart recovery from Hurricane Milton, Florida Gov. Ron DeSantis said Oct. 14.The emergency funding comes as fuel, food and other key goods are again beginning to flow from SeaPort Manatee to consumers throughout Southwest and Central Florida ...
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Port Canaveral has signed an agreement with the Liebherr Group to acquire a third mobile harbor crane, a significant enhancement to its cargo handling capabilities.The 320-foot-tall Liebherr LHM 600, represents the latest addition from Liebherr's newly launched mobile harbor crane product line. It’s the third ...
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