Through its subsidiary MOL Information Systems, the Japanese ocean carrier will conduct a joint study on the analysis and use of big data in ocean shipping with Yokohama National University.
The U.S. Transportation Department’s Federal Highway Administration said it will release $14.2 million in grants to a total of seven states through a grant program that was established by the Fixing America’s Surface Transportation (FAST) Act.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
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The Obama administration is ratcheting up fuel efficiency and greenhouse gas emission standards for heavy duty commercial vehicles.
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.
The 3rd U.S. Circuit Court of Appeals affirmed the dismissal of a federal complaint filed against the Waterfront Commission of New York Harbor over a hiring dispute.