The prime minister’s office billed the revamped regulations being developed as a brace against trans-shipment and other illicit foreign trade practices.
Imports of steel to the United States stood at 2.36 million net tons in February, an 18 percent decline from the previous month and a 13 percent year-over-year drop, according to the latest data from the American Institute for International Steel (AIIS).
United States gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the “third” estimate from the Department of Commerce, down from 2.5 percent from its previous projection.
The Global Shippers’ Alliance also expressed concerns over “de-globalization” during its general assembly in Hong Kong on Monday and Tuesday, pointing out how the percentage of gross domestic product depending on cross-border flows has declined.
Fleets have reacted to concerns about the driver shortage by raising pay, improving benefit packages, and offering other enticements to recruit and retain drivers, said Bob Costello, American Trucking Associations’ chief economist.
The State Department added Katibat al-Imam al-Bukhari and nine associated aliases to its list of Specially Designated Global Terrorists.
The cargo divisions of Delta Air Lines and partner Air France/KLM have placed their cargo operations into a single warehouse at the Seattle-Tacoma International Airport.
Thanks to its merger with UASC last May, Hapag-Lloyd has strengthened its presence on routes between Asia and North Europe, and now has the strong fleet it needs to prosper, according to Hapag-Lloyd CEO Rolf Habben Jansen.
The United States’ request for World Trade Organization consultations over allegedly unfair Chinese intellectual property policies coincided with tariffs proposed last Thursday by President Trump.
The Taiwanese ocean carrier turned a profit in 2017 amid significant increases in consolidated revenues and volumes as it encountered tailwinds from a recovering shipping market.
The Dubai-based port terminal operator will establish the Democratic Republic of the Congo’s first deep-water port, with the first phase of construction starting this year and taking about 24 months to complete.
The port terminal operating arm of Chinese state-run conglomerate COSCO Shipping reported a net profit of $512.45 million for the full year in 2017, a 183.2 percent increase from the prior year.
The United States and South Korea agreed to the provision as part of their modifications of the U.S.-Korea Free Trade Agreement, which originally entered force on March 15, 2012.
The International Trade Commission (ITC) will conduct investigations under Section 337 of the Tariff Act of 1930 on whether imports of those goods violate United States intellectual property law.
Teamsters employed with the East Moline, Ill.-based less-than-truckload carrier voted to ratify a new contract that will remain in place through March 5, 2021.
The CMA CGM subsidiary will use space on an existing loop between Asia, Mexico and the West Coast of South America, effective April 6.
Steel and aluminum imports from countries with which the United States has a free trade agreement with are likely not exempt from tariffs ordered earlier this month, according to Lou Abad, principal for KPMG Trade and Customs Services.
The United States and South Korea have agreed in principle to a set of amendments on the six-year-old deal, South Korea’s trade minister said Monday.
Pricing on routes between Shanghai and the rest of the world fell another 4.3 percent last week, continuing a steady decline that began in early February, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
A litany of Ways and Means Republicans criticized the Trump administration’s approach to a Commerce Department-led investigation into steel and aluminum imports that found such imports could harm United States national security.
