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Christopher Koch, senior advisor to the World Shipping Council, says container shipping faces a cost-control crusade and “green storm” of environmental regulations.
Under strategic plan, the Mobile, Ala.-based company will focus on Jones Act shipping, pure car-truck carriers, and its rail ferry between the United States and Mexico.
Stock in both Canadian Pacific Railway Ltd. and Norfolk Southern Corp. shot up yesterday amid rumors the second-largest Class I railroad in Canada is mulling a potential takeover of NS.
The FAST Act, which provides $253 billion in funding over five years for highway and bridge infrastructure, motor carrier safety, hazmat safety, passenger rail programs and transit, now goes to the House and Senate for a full vote.
With world leaders convening in Paris for global talks on how to slow climate change, the shipping industry says it is doing its part and ocean carriers say more efforts are underway to lower carbon dioxide output from vessels.
Jamaica will use SOGET's port community system to provide a single platform for submission of key logistics and compliance data as the country looks to grow its container volumes after the completion of the Panama Canal expansion.