The International Cargo Handling Coordination Association reminded shippers and forwarders that the container weighing rule will go into effect Friday, with no three-month grace period as some have mistakenly understood.
The shipment management software provider officially launched its verified gross mass submission tool, which allows shippers and freight forwarders to use a centralized point to provide the verified container weight data to their carriers.
A.P. Moller-Maersk Group’s oil unit lost a bid for the renewal of its 25-year involvement in the Al Shaheen offshore field when the current agreement expires in July 2017.
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The Calgary-based Class I railroad cited lower-than-anticipated bulk volumes, the devastating wildfires in northern Alberta and a strengthening Canadian dollar as the primary reasons for the downward revision in earnings expectations.
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.
The Israeli ocean carrier experienced a net loss of $56 million in the first quarter of 2016, compared to profit of $12 million in the first quarter of 2015.