°®¶¹´«Ã½

A new coalition of shippers and retailers led by UPS Inc., FedEx Corp. and Amazon.com plans to call on members of Congress to support the nationwide access of twin 33-foot trailers, a move likely to ignite a contentious debate among lawmakers during the 115th Congress.

For several top North American container ports 2016 was a record-setting year, and industry analysts are cautiously optimistic that 2017 will be even better despite the uncertainty in Washington that comes with a new presidential administration.

Investments in infrastructure are needed across every level of government to accommodate the massive increases in truck traffic and freight demand over three decades, outgoing Secretary of Transportation Anthony Foxx indicated in his final report as head of the agency.

A U.S. District Court bankruptcy judge has approved a $133 million dollar deal between Hanjin Shipping Co. and a terminal operating subsidiary of the Mediterranean Shipping Co. to purchase a majority share in Total Terminals International.

The fourth quarter marked a turnaround for the railroad companies from the lackluster year, according to earnings released last week, but a potentially major shakeup could result in an interesting 2017 for the industry.

CSX Corp. reported weaker earnings in the fourth quarter than the same period in 2015, although the freight carrier met analyst estimates compiled by Bloomberg News.

With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone.