Transportation: Page 500

Ocean Ports & Carriers
Maritime Administration Awards $ 4.9 Million To Strengthen U.S. Shipyard Competitiveness
Provided through the Small Shipyard Grant Program, the funding supports industrial modernizations that increase productivity, allowing our Nation’s small shipyards to compete more effectively in the global marketplace.
MARAD received 118 grant applications requesting $80 million in assistance, far exceeding the $4.9 million made available for the grants.
Ocean Ports & Carriers
G6 Alliance To Send 10,000 TEU Ships Through Panama Canal
Hapag-Lloyd
The G6, which comprises APL, Hapag-Lloyd, HMM, MOL, NYK, and OOCL, will launch anew its new NYX service later this year, although it did not give a date for the launch.
The announcement comes in the week that the alliance discovered it is to lose another member next year, when OOCL joins the proposed Ocean Alliance with CMA CGM, Evergreen and Cosco Container Line. APL will also leave the alliance when its sale to CMA CGM is completed.
Warehousing
Hanjin Shipping Co. Seeks Restructuring To Avoid Bankruptcy
Hanjin, a unit of Hanjin Group, on Monday submitted a formal request to state-run Korea Development Bank, its main creditor, to restructure its debt and provide an aid package in return for self-rescue efforts such as asset sales.
Korea Development Bank said it would review the proposal with other creditors and decide by next week whether to offer assistance to Hanjin, which might include a debt rollover. If creditors reject the proposal, the company would be put under court receivership.
Ocean Ports & Carriers
International Maritime Organization Adopts Fuel Consumption Reporting Rule To Mitigate Climate Change
International Maritime Organization (IMO)
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption.
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption.
3PL/4PL
Food Exporters Ask Congress For Help On Weight Container Rule
U.S. shippers say they weren’t adequately consulted about the rule, which was adopted in 2014 as an amendment to the Safety of Life at Sea Convention, or SOLAS, by the United Nations’ International Maritime Organization.
Tyson, one of the world’s largest food companies, which shipped more than 40,600 refrigerated containers in 2015, has previously said that carriers’ proposed treatment of the new IMO measure could add millions of dollars to annual transportation expense.
Trucking
Spot Van Rate Slips 3 Cents In Last Week
DAT Freight & Analytics
However, demand was up in major markets, a signal that spot rates may soon rebound.
However, demand was up in major markets, a signal that spot rates may soon rebound.
Ocean Ports & Carriers
Shippers Ask Congress to Weigh in on New Container Rule
Exporters say a rule requiring them to verify the weight of containers will raise transportation costs
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Ocean Ports & Carriers
Big Ocean Carriers Form Asia-To-Europe Alliance
CMA CGM
The new grouping, to be called the Ocean Alliance, also will include Hong Kong’s Orient Overseas Container Line and Taipei-based Evergreen Marine.
The Ocean Alliance eventually will make room for Singapore’s Neptune Orient Lines Ltd., which agreed to be bought in December by CMA CGM.
Transportation
Uber Pulls Plug On Instant Food Delivery In New York City: Postmates Responds With 15-Minute Delivery
Uber Eats
“In order to bring you the most exciting selection, the highest quality food, and the fastest delivery time, we’ve decided to narrow our focus,” Uber wrote in an email to Eats users in New York City on Monday.
Uber is killing off its “instant” option in UberEats, its food-delivery service, just one month after the standalone app launched in New York City.
Sustainability
Anheuser-Busch/Asahi Group’s $2.9 Billion Pact Clears Way For AB’s SABMiller Purchase
Anheuser-Busch InBev
The purchase by Asahi, which covers the premium brands and their related businesses in Italy, the Netherlands, the U.K. and internationally, is conditional on the SABMiller deal going through.
With Peroni, Grolsch and Meantime, Asahi would diversify its footprint with sizeable positions in the premium beer segments of Italy, Britain and the Netherlands, and new distribution opportunities for its namesake Asahi Super Dry.
Cold Chain
Nordic Logistics And Warehousing Doubles Port Of Savannah, Ga. Capacity
Nordic Cold Storage, LLC
Nordic Logistics and Warehousing has doubled capacity at its Savannah, Ga., location, holding a ribbon cutting Friday for a new 200,000-square-foot cold storage and blast freezing facility.
Nordic Logistics and Warehousing has doubled capacity at its Savannah, Ga., location, holding a ribbon cutting Friday for a new 200,000-square-foot cold storage and blast freezing facility.
Rail & Intermodal
Software Veteran Proposes Major Project To Fix Midwest Rail Logjam
Frank Patton’s proposed 280-mile line would reduce the about 30-hour train travel times through Chicago to eight or 10 hours, would take about five years to permit and build and cost $8 billion.
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