Business
Effective September 5, 2016, YRC Freight will implement a 4.9% general base rate increase for all non-contractual shipments in the United States and cross-border Canada. Domestic Canada rates will not be adjusted at this time.
The general rate increase is being made to offset industry-specific cost pressures such as driver shortages. YRC Freight remains committed to serving transportation needs across North America with our broad portfolio of standard, expedited and specialized ...
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In June the Port of Vancouver USA issued revenue bonds for $40 million–the first issuance of its kind in port history.
The port has issued general obligation bonds in the past, which are common type of municipal bond secured by the municipality’s pledge to use legally ...
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The Istanbul hub of Turkish Airways has received IATA CEIV (Center of Excellence for Independent Validators) Pharma certificates, for the transport of pharmaceutical and medical products.
The certificate was awarded to both passenger and cargo arms of the airline.
Turkish Cargo has totally 3000 m² special storage ...
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Carnival Corporation & plc, the world’s largest leisure travel company, has signed an addendum to one of its most strategic passenger terminal agreements, extending the contract through 2030 with an additional five years of sailings to and from Fort Lauderdale-based Port Everglades, one of the ...
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Gov. Nathan Deal recently announced that Cordele Intermodal Services (CIS), Georgia's first inland terminal, will partner with Kia Motors Manufacturing Georgia (KMMG), to handle up to 30,000 TEU containers per year to supply the Kia manufacturing plant in West Point. This partnership will save more ...
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The announcement that the Port of Philadelphia is the main port of destination for fruit departing Brazil was one of the best announcements on Tuesday, August 2, 2016, during the IX Workshop of the National Mango Board – NMB in the São Francisco Valley, sponsored by ...
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Colombian Ambassador to the United States Juan Carlos Pinzón welcomed Virginia Governor Terry McAuliffe and a delegation of senior state government officials and business leaders to Colombia for a three-day trade and marketing mission. The visit advances Colombia’s ongoing efforts to further strengthen economic relations ...
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“We are about half-way through the 2016 navigation season and our overall cargo tonnage numbers are down by 11%,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corp. “The lack of iron ore and coal has definitely been a contributing factor for this ...
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In response to challenging supply-demand imbalances, the Maersk Group continues to execute on factors that are within its control by reducing cost and delivering high operational performance.
The Group delivered a profit of $1.1 billion negatively impacted by the average container freight rates and oil price. ...
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Bloomberg News recently reports Trond Westlie, CFO of Maersk, recently voicing concerns over how a potential shift in US policy could threaten global trade.
He told Bloomberg:: “In general, trade barriers weaken global growth. Low trade barriers not only help trade growth, but also economic growth. ...
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