Transportation: Page 505

Report: Ocean Container Weight Rule To Boost Some Rates By 14%

The new requirement was adopted by the International Maritime Organization, the United Nations body that regulates ocean transport, as part of the Safety of Life at Sea Convention, known as SOLAS.

Almost $184 million is allocated to improve and modernize the container terminals at Bayport and Barbours Cut, and another $35 million towards improvements at the general cargo and bulk terminals in the Turning Basin area.

Ocean Ports & Carriers

Ocean Carriers Struggle With Box Weight Verification Systems

The rule’s aim is to help shipping lines plan stowage of containers to maximize vessel balance and stability.

The rule, to take effect July 1, will require that ocean carrier customers provide Verified Gross Mass (VGM) data for each container before vessel onloading. VGM equals the total weight of the container and its contents.

Driverless HGVs: On Road To Cut Food Logistics Costs

Driverless heavy goods vehicles (HGVs) could soon be helping to lower the cost of food logistics, by enabling lower fuel consumption and reducing carbon emissions.

VersaCold Logistics Services Acquires Coastal Pacific Xpress

VersaCold acquires refrigerated carrier specializing in shipping perishable and ambient products through Canada and U.S.

CPX Services reefers 56ec2f1e3516f

FDA Unveils Funding For States For FSMA And Produce Rule Implementation

Food & Drug Administration (FDA)

Implementation of the produce rule is dependent on partnerships between FDA and the states, both to deliver education and technical assistance and to provide on-going inspection, compliance and oversight.

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Rail & Intermodal

BNSF Railway Rolls Out Capital Expenditures For Texas, Illinois And Kansas

Plans call for more than 2,400 miles of track surfacing and/or undercutting work, the replacement of 55 miles of rail and more than 480,000 ties, as well as signal upgrades as part of BNSF's implementation of positive train control (PTC).

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Air Freight Industry Alarmed By Amazon’s Air Transport Foray

Sandeep Fernandes, head of cargo management practice, Mercator, and Steven Polmans, head of cargo, Brussels Airport, gave presentations about Amazon’s air freight strategy at the World Cargo Symposium in Berlin.

Software Solutions

Brazil’s iFood Buys Technology Of Now-Defunct SpoonRocket

The company plans to use SpoonRocket’s robust logistics technology to optimize delivery time, enhance the restaurant-to-consumer experience, and continue its rapid expansion in Latin America and other emerging economies.

iFood has dominated the Latin America online food delivery market and despite a weakening economy in Brazil, iFood has propelled local businesses by helping more than 10,000 restaurants connect with customers in 100 Brazilian cities, ultimately accounting for $138 million worth of restaurant transactions in 2015.

Drayage Provider Total Transportation Services Files For Bankruptcy

The company said in a court filing that "downward pricing pressure from some of its major clients over the past year" along with mounting costs of litigation with independent drivers had proven more than it could manage.

Premium Transportation Services Inc., known locally as Total Transportation Services Inc. (TTSI), one of Southern California's largest port trucking companies, filed for chapter 11 bankruptcy protection on Monday in federal court in Delaware.

VersaCold Logistics Services Acquires Coastal Pacific Xpress In Canada

The acquisition comes just one month after the announcement of VersaCold's acquisition of Gary Heer Transport and the launch of its newest subsidiary, VersaCold North America Transportation Solutions Limited (VNATS).

VersaCold Logistics Services, Canada's largest supply chain solutions company focused exclusively on the handling of temperature sensitive products, has entered into an agreement to acquire Coastal Pacific Xpress (CPX), British Columbia’s largest refrigerated carrier specializing in the shipping of perishable and ambient products throughout Canada and the U.S.

Ocean Ports & Carriers

Maersk Line To Boost Asia-To-Northern Europe Rates $400 Per TEU

A.P. Moller- Maersk

The increase would take rates up by 190 percent on the current level, which is widely seen as loss-making. The shipping company also aims to raise freight rates from Asia to ports in the Mediterranean by $500 TEU.

Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive.

Risk/Compliance

U.S. Eases Restrictions on Travel To Cuba

The changes come days before Obama will land in Cuba, the first visit by a sitting American president in 88 years and a marquee element of his foreign policy.

The actions are some of the most significant regulatory changes the Treasury and the Department of Commerce have made on the way toward normalization that Obama and President Raúl Castro of Cuba announced in December 2014.

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