30 Aug Port of Charleston Visited by Its Largest Containership The Port of Charleston welcomed the largest containership to dock at the port Aug. 29, the 10,700 20-foot equivalent unit APL Yangshan. Read more...
30 Aug US Moves Toward Anti-Dumping Duties on Truck Tires from China WASHINGTON - Truck and bus tires from China were being dumped in the United States at below-market prices, a potential step toward the imposition of duties, the Commerce Department announced Aug. 29. Read more...
30 Aug GE Buys Software Company to Bolster Rail-Industry Supply Chain General Electric Co. agreed to buy ShipXpress Inc., a cloud-based software firm, to bolster its supply chain offerings for railroad customers. Read more...
30 Aug Consumer Confidence Climbs to Highest Level in Nearly a Year Consumer confidence increased to an almost one-year high in August as Americans became more optimistic about the labor market, according to a report from the New York-based Conference Board on Aug. 30. Read more...
30 Aug Ritchie Bros. in Agreement to Acquire IronPlanet for $758.5 Million Industrial auctioneer Ritchie Bros. Auctioneers Inc. and IronPlanet, an online equipment marketplace, have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for about $758.5 million. Read more...
30 Aug Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they'll probably find even less, spurring new fears about their ability to meet future demand. Read more...
30 Aug 167-Year-Old Railroad Tests Skies for Drone Age BNSF Railway Co. is flying drones as far as 150 miles along the New Mexico desert to inspect tracks, helping the Federal Aviation Administration develop rules for operating unmanned aircraft beyond the pilot's line of sight. Read more...
30 Aug Odyssey Logistics Constructing Transload Facility in Joliet, Illinois Odyssey Logistics & Technology Corp. said it has begun construction of a new 121,680-square-foot metals transload facility in Joliet, Illinois. The facility will be operated by Odyssey's subsidiary CMI Logistics. Read more...
30 Aug Seventh Largest Container Shipping Company One Step Closer to Bankruptcy SEOUL - Hanjin Shipping Co.'s banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn. Read more...
30 Aug New Texas Nonprofit Advocates for Local Trucking Companies A new nonprofit organization in Laredo, Texas, that aims to help and support trucking companies planned its grand opening for Aug. 30. Read more...