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The U.S. Justice Department said Oct. 24 that the owner and operator of the container vessel Dali, have agreed to pay US$102 million to resolve a civil claim brought by the U.S. for costs borne in responding to the catastrophic collapse of the Francis Scott Key Bridge in the Port of Baltimore.The settlement against Singaporean corporations Grace Ocean Private Ltd., and Synergy Marine Private Ltd., resolves the U.S. claims for ...
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U.S. Transportation Command, or USTRANSCOM, has awarded Trailer Bridge Inc. a stevedoring and terminal services contract for Danish ports, an indefinite-delivery/indefinite-quantity pact potentially worth more than US$60 million.Under the five-year single-source contract, Trailer Bridge will be responsible for providing all stevedoring and related terminal services ...
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A.P. Moller - Maersk has upgraded its full-year guidance for 2024, due to a third quarter operating profit of US$3.3 million, based on preliminary unaudited figures, the shipping giant said Oct. 21.APMM now expects full-year 2024 operating income of US$5.2 billion to US$5.7 billion, up ...
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J.B. Hunt Transport Services Inc. reported third quarter net earnings of US$152.1 million, down early 19 percent from US$187.4 million in the year-earlier period.Operating revenue slipped 3 percent in the latest quarter to $3.07 billion, which the Lowell, Arkansas-based motor carrier said was primarily driven ...
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Transits of the Panama Canal dropped 29 percent in the Panama Canal Authority’s fiscal year 2024, which ended Sept. 30, reports Simon Heaney, Drewry’s senior manager, container research.Transits of the Central American cut-through reached 9,936 in FY2024, down 29.4 percent from the 14,080 transits in ...
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U.S. Surface Transportation Board has approved applications from CSX Corp. and Canadian Pacific Kansas City, or CPKC, to acquire rail lines operated by Genesee & Wyoming Inc.’s Meridian & Bigbee Railroad.
The approval, effective Nov. 16, allows creation of a new direct CPKC-CSX interchange ...
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SeaPort Manatee is to receive US$9.5 million to jumpstart recovery from Hurricane Milton, Florida Gov. Ron DeSantis said Oct. 14.The emergency funding comes as fuel, food and other key goods are again beginning to flow from SeaPort Manatee to consumers throughout Southwest and Central Florida ...
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Demand for holiday-related goods nudged the Port of Long Beach to its most active September and busiest quarter on record, as shippers continued to move goods ahead of a labor contract deadline for East and Gulf coasts ports that resulted in a three-day strike at ...
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The National Retail Federation, a leading voice for the retail industry, forecasts winter holiday spending to grow 2.5 percent to 3.5 percent over 2023, or US$979.5 billion to US$989 billion in total holiday spending in November and December, compared with US$955.6 billion in 2023.“The economy ...
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The Port of Corpus Christi and its customers moved record-high 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, driven by increases in crude oil and dry bulk movements.The third quarter total was a 2 percent increase from the ...
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