Japan is leading the effort to foster an new free trade agreement among the remaining 11 members of the Trans-Pacific Partnership (TPP) at APEC talks this week following the withdrawal of the United States back in January.
Nearly two-thirds of businesses in the European Union expect to move some portion of their supply chain operations out of the United Kingdom as a result of Brexit, according to a survey from the Chartered Institute of Procurement & Supply (CIPS).
The U.S. government has amended Obama-era regulations regarding trade with Cuba to bring them in line with President Trump’s June order to cut off potential American business ties with Cuban government entities.
The Sugar Policy Modernization Act, which was proposed simultaneously this week in both the House and Senate, would require the sugar industry to pay back any taxpayer dollars they receive when they forfeit on government loans.
U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when leaked papers revealed that a Russian businessman on the U.S. sanctions list has ownership in a customer of Navigator Holdings, a company in Ross’s investment portfolio.
$190M in Positive Train Control grants A total of $197.01 million in the PTC grant funding, authorized under the Fixing America’s Surface Transportation (FAST) Act, will be provided to 17 projects in 13 states. Entities and subentities placed on the Cuba Restricted List The Department of State is publishing a List of Restricted Entities and […]
The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6 million) on group revenues of 14.6 billion euros for the quarter, according to the company’s most recent financial statements.
A.P. Møller-Maersk CEO Soren Skou said the third quarter was “one of the busiest quarters that this company has ever seen with multiple moving parts” in the Danish’ conglomerate’s third quarter earnings call.
The Taiwanese ocean carrier also unveiled expansion plans in Southeast Asia and the Mediterranean amid an 11.1 percent percent year-over-year gain in transport volumes to 1.24 million TEUs for the third quarter.
The Seagirt Marine Terminal at the Port of Baltimore was closed to trucking transactions for parts of Monday and Tuesday, but has since reopened, according to the Maryland Ports Authority (MPA).
The ocean carrier announced it will split the AS1 while also making port adjustments to the CIX and CI3 services within its India Subcontinent container service network.
Truckload, intermodal and logistics provider Schneider National reported a net income of $36.9 million for the third quarter of 2017, up 0.2 percent compared to the same period in 2016, according to the company’s latest financial statements.
The Port Authority of New York and New Jersey (PANYNJ) is projecting a surplus of revenues after operating expenses and debt service of $1.5 billion for next year, which would be up $12 million (0.8 percent) from 2017 levels.
Only 27 percent of shippers and 42 percent of service providers have an in-house data science team, which can limit the effectiveness of analytics initiatives, according to the latest Supply Chain Analytics Benchmark Study from American Shipper.
The total volumes included 127,000 import TEUs and nearly 139,000 export container loads, growth of more than 11 percent compared with the same month last year, according to data from the Port of Virginia.
The project is a part of an initiative to assess the effectiveness of artificial intelligence technology, and aims to reduce fuel consumption and vessels’ environmental impact by verifying the technology’s accuracy, according to the Japanese ocean carrier.
London-based shipping consultant Drewry estimates that the global chemical trade will increase 3.3 percent in 2017 due to strong growth in vegetable oil trade from Southeast Asia to South Asia.
The U.S. subsidiary of Germany-based Dachser SE has outgrown its original Dallas office and will be relocating in order to meet the increasing demand for air and sea freight services in the region, the company said in a statement.
Navis appoints general manager for Europe, the Middle East and Africa; and OmniTRAX names executive vice president, industrial development group.
Determination of sales of wire rod from Mexico The Department of Commerce is conducting an administrative review of the antidumping duty order on carbon and certain alloy steel wire rod from Mexico. CV subsidies provided for softwood lumber from Canada The Department of Commerce determines that countervailable (CV) subsidies are being provided to producers and […]
