The two parities failed to agree on the specifics of the proposed transaction, resulting in the entire deal being terminated, FSL Trust said in a statement Sunday.
The chassis pool management company will launch its “quick and seamless” booking system for chassis and other related equipment starting Oct. 2, Consolidated Chassis Management said in a statement.
New York-based luxury goods retailer Richemont North America has agreed to pay a $334,800 civil penalty to settle four violations of the Foreign Narcotics Kingpin Sanctions Regulations, according to the Office of Foreign Assets Control (OFAC).
Two recent AS Daily stories – “House rejects effort to delay ELD mandate” (Sept. 11) and “New OOIDA-led coalition looks to revive ELD mandate delay” (Sept. 28) – both inaccurately said that a bill introduced by U.S. Rep. Brian Babin, R-Texas, the ELD Extension Act of 2017 (H.R. 3282), was rejected by the U.S. […]
Improved global trade, the e-commerce boom and an accompanying tightening of the industrial real estate market have helped air cargo volumes, which account for just 1 percent of world trade by volume but 35 percent by value, to new heights this year.
U.S.-Turkey Trade and Investment Council The U.S.-Turkey Trade and Investment Council met in Ankara under the auspices of the bilateral Trade and Investment Framework Agreement (TIFA) to discuss multilateral trade issues. U.S.-Singapore Free Trade Agreement Public comments are invited regarding the discussion of Chapter 18 (Environment) of the United States-Singapore Free Trade Agreement (FTA). Appeal against WTO […]
The third round of the North American Free Trade Agreement renegotiations concluded Wednesday in Ottawa, Canada, and the negotiators say they are making progress, “narrowing the gaps and agreeing to elements of the negotiating text.”
U.S. Sens. John McCain, R-Ariz., and Mike Lee, R-Utah, introduced legislation to permanently exempt Puerto Rico from the Jones Act, which requires that all goods shipped between American ports travel on U.S.-flagged ships with American crews.
Despite the loss, the Oslo, Norway-based subsidiary of Germany’s MPC Capital has raised another $100 million for vessel acquisitions and has reportedly acquired three more vessels, bringing its total fleet to 23 ships in just nine months.
Spot container rates from Shanghai to the Mediterranean have now declined for nine consecutive weeks, according to data from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Not only is the composite index of container freight rates from around the world down by 4.9 percent this week, but it’s also down 6 percent from the same period in 2016, according to London-based maritime industry consultant Drewry.
The immediate issuance of penalties beginning Nov. 1 will further “motivate” compliance with regulations surrounding wood packaging materials in international shipments, U.S. Customs and Border Protection (CBP) said in a statement.
A shipyard for the containership, which will be dubbed the Yara Birkeland, will be selected by the end of the year, and the plan is to launch the vessel in the first quarter of 2019.
The parcel carriers have been approved to begin international delivery services from China to the United States with a new product offering that provides full visibility and transit time reliability.
Exel Freight Connect, DHL Suuply Chain’s freight brokerage operation, has been renamed to DHL Transport Brokerage as part of a multi-year brand transition.
Unique Logistics International appoints managing director of Unique Logistics International, Atlanta; and Roanoke Insurance Group Inc. names new president.
