Extras
Logistics News
Business, Logistics, Government, Safety, Equipment

Private Equity Group Buys Stake In Evans Network of Cos.

Calera Capital has acquired a majority stake in the Evans Network of Cos., but CEO Bo Bates, the Evans family and management will retain a significant equity interest in the business, according to a Feb. 9 announcement.

February 9, 2017
Business, Logistics

World’s Biggest Shipping Company Voices Alarm at Trump Trade War

A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, is paying particular attention to noises coming from the United States that suggest the new administration is moving closer to a trade war with China.

February 8, 2017
Business, Logistics

Maersk Slumps as It Unveils Second Loss Since World War II

A.P. Moller-Maersk A/S unexpectedly lost money in 2016 as Denmark’s biggest company wrote down the value of some of the energy assets it plans to split off.

February 8, 2017
Editorial, Business, Safety, Government, Fuel, Logistics

Editorial: Let’s Get Started, Secretary Chao

While Republican leaders in Congress seem to be in no hurry to address the country’s infrastructure, there’s an entirely different feeling surrounding President Trump’s pick to be transportation secretary, Elaine Chao, who was confirmed easily last week.

February 6, 2017
Business, Government, Logistics

Washington State Audit: Port of Seattle Illegally Gave Out $4.7 Million in Raises

The Port of Seattle illegally gave out nearly $5 million in raises to hundreds of employees about a year ago, a Washington state audit has concluded.

Mike Rosenberg | The Seattle Times
February 5, 2017
Business, Government, Logistics

Secret Pay Raise, Improper Gifts: Inside Port of Seattle CEO's Abrupt Departure

The CEO of the Port of Seattle secretly gave himself a $24,500 raise, improperly accepted travel gifts and sports tickets from port customers and apparently steered port business to his father's company before leaving, officials revealed Feb. 3. There also were reports of a potential sexual-harassment complaint on top of an ongoing DUI case against him.

Mike Rosenberg | The Seattle Times
February 5, 2017
Business, Logistics

Container Rail Service to Port of Wilmington Could Start in March

The "Queen City Express," delivering freight directly from the Port of Wilmington to a transportation hub in Charlotte, could begin in early March, officials said.

Tim Buckland | Star-News (Wilmington, N.C.)
February 3, 2017
Business, Government, Logistics

Consumer Comfort Increases on Optimism About Economy

American consumer sentiment climbed last week as views on the economy matched the highest level since 2007, according to figures in the Bloomberg Consumer Comfort Index released Feb 2.

Austin Weinstein | Bloomberg News
February 2, 2017
Business, Logistics

California Town Vows to Rid Itself of Hanjin Shipping Containers by Year's End

Ontario, California’s legal team vows that hundreds of abandoned shipping containers, illegally stored at four industrial yards in the agricultural southern part of town, will be gone by the end of the year.

Neil Nisperos | Inland Valley (Ontario, Calif.) Daily Bulletin
January 31, 2017
Business, Government, Logistics

Consumer Confidence Eases From More Than 15-Year High

Consumer confidence retreated in January from a more than 15-year high as Americans tempered their economic expectations and waited for President Trump and lawmakers to deliver on promises to boost employment and jump-start growth, data from the New York-based Conference Board showed Jan. 31.

January 31, 2017
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