Container business may enter ‘settling down’ period
Ocean Network Express CEO Jeremy Nixon said the three major consortia that dominate the deep-sea container trades may undergo a period of “setting down.”
Ocean Network Express CEO Jeremy Nixon said the three major consortia that dominate the deep-sea container trades may undergo a period of “setting down.”
The logistics and transportation services provider snapped up Summit Northwest Corp and Freight Force and has no plans on letting up on its acquisition spree.
Lt. Gen. Todd Semonite, commanding general for the U.S. Army Corps of Engineers, told lawmakers he expects to complete five chief’s reports and recommend changes to two private sector-sponsored projects by mid-summer.
A FedEx worker suffered minor injuries when a device inside a parcel exploded early Tuesday morning at a distribution center in Schertz, Texas, according to statements from local law enforcement.
A Hapag-Lloyd containership struck a Gold Star Line vessel on Monday while berthing in Karachi.
The Senate confirmed Kevin McAleenan to serve as commissioner of U.S. Customs and Border Protection by a vote of 77-19 on Monday.
Sens. John McCain, R-Ariz., and Jeanne Shaheen, D-N.H., asked U.S. Trade Representative Robert Lighthizer to back an elimination of the catfish inspection program before the World Trade Organization’s consultation stage ends April 28.
President Donald Trump has shifted Ann Begeman out of the acting chair role at the Surface Transportation Board to become chair.
The Green Bay, Wis.-based national trucking company completed its conversion to a company-owned and managed chassis fleet by buying over 15,000 intermodal container chassis over the last four years.
Trade associations from the U.S. Chamber of Commerce to the National Retail Federation and even the International Monetary Fund have joined the chorus of voices warning against the imposition of widespread tariffs on steel and aluminum imports.
The U.S. Treasury Department sanctioned five Russian entities and 19 people in an effort to punish those allegedly involved in interfering in recent U.S. elections or causing cyber attacks that targeted financial and infrastructure systems.
The interim final rule from the Bureau of Industry and Security (BIS) set forth the guidelines that entities and individuals should follow in requesting product exclusions from U.S. tariffs on steel and aluminum imports scheduled to take effect Friday.
The acquisition of Peruvian logistics provider Cosmos Agencia Maritima (CAM) extends DP World’s reach in Latin America and continues the firm’s diversification into third-party logistics offerings.
Now by far the largest truckload carrier in the United States, Knight-Swift Transportation Holdings has made its first acquisition since its merger in fall 2017, purchasing Richmond, Va.-based Abilene Motor Express for an undisclosed sum.
Canada requested that the World Trade Organization (WTO) form a dispute panel to adjudicate its challenge over U.S. antidumping and countervailing duties on Canadian softwood lumber, a Canadian government spokesperson confirmed Friday.
The parcel and express carrier has begun to expand its U.S. market presence by offering a new delivery program that caters to urban e-commerce retailers and shoppers.
The port terminal operator subsidiary of conglomerate C.K. Hutchison Holdings Co. posted an annual container throughput of 84.7 million TEUs last year, 4 percent more than in 2016, and expects “modest growth in global trade in 2018.”
The U.S. Department of Agriculture and its counterpart in the South Korean government have reached an agreement on how to minimize the trade impacts when future cases of highly pathogenic avian influenza (HPAI) are detected in the United States.
According to the members of the 2M Alliance vessel sharing agreement, Maersk Line and MSC, a reduction in the number of port calls in its services connecting Asia with Europe will give the carriers more buffer time to adjust to weather or other delays.