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Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
Containerized cargo declined last month in L.A., grew slightly in Oakland and spiked in Long Beach as East Coast captures market share.
The funds, part of a $1.6 billion distribution of federal money for homeland security purposes, can be used for risk mitigation planning; maritime domain awareness; detection of explosives and other weapons; training and related measures.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.