The U.S. trade deficit totaled $43.5 billion for September, a 1.7 percent increase from August, as rising exports were offset by an even higher increase in imports.
Combined U.S. carload and intermodal originations rose to 2.2 million units last month, up 3.1 percent compared to October 2016, according to data from the Association of American Railroads (AAR).
The Honolulu-based ocean carrier recorded a net income of $34.1 million on revenues of $543.9 million for the third quarter of 2017 amid strong demand for its China and southbound Alaska services.
The nation’s transportation and logistics sector added 8,400 jobs in October 2017, according to recent preliminary data from the U.S. Department of Labor.
The global third-party logistics provider recorded net profits of 17.8 million Kuwaiti dinars (U.S. $58.8 million) on revenues of KD 358.5 million for the quarter, increases of 17.4 percent and 15 percent year-over-year, respectively.
The private equity firm’s purchase of the 4 million-square-foot industrial real estate portfolio reportedly includes warehouses, distribution centers and other industrial sites.
The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according to Euronav’s most recent financial statements.
The terminal operator arm of Chinese state-run conglomerate COSCO Shipping will lease a container freight station (CFS) at the site of the new CSP Abu Dhabi terminal, which is slated for completion by 2019.
The airline was rejected by American Airlines earlier this year, but has now been able to secure a 9.6 percent share in Hong Kong-based airline Cathay Pacific.
MTC Logistics appoints chief information officer, general managers and plant manager; while the U.S. Meat Export Federation (USMEF) elects new officer team.
Investigation: wafer-level packaging semiconductor devices The ITC has instituted an investigation due to a complaint filed alleging Section 337 violations based upon the importation for sale within the U.S. of certain wafer-level packaging semiconductor devices. Revoking duty orders on high pressure steel cylinders ITC determines that revocation of CV and AD duty orders on high […]
With no agreement to diffuse the long-running trade battle between the United States and Canada over softwood lumber, the U.S. Commerce Department said it will proceed with imposing antidumping and countervailing duties on these imports.
In addition to smog reduction measures, the ports’ Clean Air Action Plan (CAAP) update aims to help California meet aggressive greenhouse gas reduction goals and achieve zero emissions for trucks and terminal equipment over the next two decades.
According to Liz Schmelzinger, U.S. Customs and Border Protection’s (CBP) director of the Customs-Trade Partnership Against Terrorism (CTPAT), it’s on her team to deliver benefits and educate participants about the important trade program.
Carrier consolidation and the deployment of larger containerships, coupled with lagging infrastructure has created significant issues for North American terminals, according to a new report from consulting firm AlixPartners.
Spot container rates increased on trades from Shanghai to the United States, Europe and the Mediterranean since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The port and City of Oakland say they anticipate issuing the so-called “West Oakland Truck Management Plan,” which aims to address truck traffic problems in the area, by the fall of 2018.
The PortMiami Perishables Committee, which represents the region’s bustling fruits and vegetable import industry, has asked the nation’s top agricultural official to intervene in turning back significant federal treatment fee increases.
The third-party logistics provider saw its net profits drop despite revenues increasing 12.8 percent as it absorbed debt and expenses from recent acquisitions.
Given a shift in focus to include growing partner government agency (PGA) controls, perhaps the term “customs broker” has become a misnomer in terms of the realities of the job, according to Megan Montgomery, executive vice president of the NCBFAA.
