Transportation: Page 468

Ocean Ports & Carriers

Argentina Focuses on Drug Trafficking at its Main Grain-Exporting Port

Argentina, the world's No. 3 corn and soy exporter, has stepped up security in and around its main exporting hub of Rosario with the cooperation of a dozen commodities trading companies including industry giants like Cargill.

Port operators, as well as the coast guard, say the measures are mainly preventative and that there is little risk of drugs entering the highly-guarded commodity shipping terminals.

Spot Rates Slip But Stay Strong

DAT Freight & Analytics

With available capacity up 5% compared to the previous week, national average load-to-truck ratios weakened: the van ratio was down 3% to 2.7 available van loads per truck; the refrigerated load-to-truck ratio dropped 5% to 6.4.

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LPWA Technology and IoT to Change How the Cold Chain Operates

One of the most impactful new developments is a category of wireless technology called low-power, wide-area (LPWA) technology, along with other new innovations the emergent IoT will offer the cold chains of the future.

Many vendors utilize passive data loggers in order to keep costs down. But because of the extreme increases in battery life and reduced module costs offered by LPWA technologies, these savings can be pushed into other investments, like purchasing more active loggers.

Port of Virginia Approves Massive Expansion of Wharf, Rail and Stock Yards

Port of Virginia

The new deal provides for a roughly $320 million expansion that will nearly double the facility’s capacity. The buildout is expected to take about three years.

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OOIDA Files Another Appeal Targeting FMCSA's Sleep Apnea Provision

Federal Motor Carrier Safety Administration (FMCSA)

The Owner-Operator Independent Drivers Association claims the DOT slipped in a provision on sleep apnea screening into the final rule that was not included in the proposed rule, thereby bypassing the legal rulemaking process.

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Proposed Great Lakes Freight Line Official Predicts up to 85 Daily Trains

The project is being proposed to serve the six Class 1 railroads going through Chicago, though two have said they will not participate and none of the remaining four have said they would use the freight line if it was constructed.

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Department of Energy Grants $5 Million To Purdue University to Study Truck Platooning

Purdue University

Cummins, Peterbilt, ZF TMW and Peloton Technology will partner with Purdue University, the University of Arizona and the National Renewable Energy Laboratory (NREL) on the three-year project scheduled to start in March 2017.

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Is Rickmers Maritime the Next Container Shipper to Go Under?

The firm said it would not be able to pay an interest of S$4.26 million, which is due on Nov. 15, on a S$100 million ($71 million) bond that it has been trying to restructure.

Rickmers Maritime, a Singapore-listed trust that operates container ships, said it faces the risk of going out of business given the uncertain outcome of its discussions with bondholders and senior lenders about restructuring its debt.

Software Solutions

Koch Industries Seeks Minority Stake in ERP Provider Infor

Infor, one of the world’s largest suppliers of enterprise resource planning (ERP) software, helps companies automate their business processes and recently shifted its business model to software-as-a-service delivered over the cloud.

Korea Line Outbids Hyundai Merchant for Hanjin Assets

In a surprise decision, a Seoul court on Monday awarded Korea Line, a midsize bulk-shipping operator, the first right to purchase the assets of Hanjin’s Asia-U.S. route, as well as its stake in a California terminal.

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Trump's Infrastructure Plan is Getting Support, Except from Bond Market

President-elect Donald Trump has proposed a $1 trillion, 10-year infrastructure plan, which he touted during his victory speech.

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Deliveroo Drivers in UK to Fight 'Contractors' Label

As self-employed contractors, Deliveroo couriers are not entitled to the rights available to workers, including sick pay and the national living wage.

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