Ocean carrier Yang Ming said it anticipates the Taiwanese government's share in the carrier will increase well beyond the current 33.3 percent held by the Ministry of Transportation and Communications of Taiwan.
The new president immediately put the world on notice that his administration will combat unfair trade practices, which many interpret as a return to protectionism.
Just 10 percent of longshoremen requested by terminal operator employers came to work on Friday, bringing vessel operations to a near standstill at the Northern California port, according to port spokesman Mike Zampa.
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Outgoing Vice President Joseph Biden released a report Tuesday outlining the benefits of the 2009 American Recovery and Reinvestment Act on improving the nation’s transportation infrastructure.
Trucking carrier J.B. Hunt Transport and Class I BNSF Railway have filed for arbitration in their negotiations regarding how revenues are divided under a joint service agreement for intermodal transport.
The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal Maritime Commission.