Canada's Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers' Council chairman to its board.
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APM Terminals has been unwittingly entangled in a bribery scandal surrounding Guatemala’s former president Otto Perez Molina as a result of its purchase of Spanish port operator Grup TCB, according to a report from Danish news outlet Fagbladet 3F.
The expanded Panama Canal locks, which just opened June 26 to handle vessels up to 14,000 TEUs, are expected to reshape U.S. East Coast port operations.