The e-commerce company Custom Wristbands, along with its affiliates and chief executive, pleaded guilty in district court to a price-fixing scheme involving promotional products sold in the United States.
Excess capacity drove container freight rates down to near-record lows last year, but Drewry estimates 57 ultra-large containerships with at least 18,000 TEUs of capacity will be delivered to the global fleet in the next two to three years alone.
Carbon steel flanges from India and Turkey The Department of Commerce is issuing antidumping duty orders on finished carbon steel flanges from India and Italy. Infrastructure Projects The president has issued an executive order titled “Establishing Discipline and Accountability in the Environmental Review and Permitting Process for Infrastructure Projects” for consistency with the new CAP Goals. […]
Four Democratic senators are urging U.S. Transportation Secretary Elaine Chao to reconsider DOT’s withdrawal of a proposed rule that would have mandated testing commercial truck drivers and rail operators for obstructive sleep apnea.
The Jacksonville, Fla.-based Class I railway has reevaluated and revised three key metrics – train velocity, terminal dwell and cars online – in an effort to “better reflect end-to-end railroad performance,” CSX CEO E. Hunter Harrison said in a statement.
South Korea’s largest shipbuilder, Hyundai Heavy Industries, has asked that 5,000 workers take unpaid leave in the wake of CMA CGM signing a letter of intent with two Chinese shipyards to collectively build nine, 22,000-TEU containerships.
Although some demand can be attributed to structural factors, real estate markets in all major port gateways are seeing either rising or peak-level growth rates in leasing activity, while vacancy rates are at historic lows.
The Armonk, N.Y.-based technology company is collaborating with various companies across the global food supply chain to explore how blockchain technology can be used to make the food supply chain safer.
Secretary of Labor R. Alexander Acosta toured the 484-acre terminal and met with leadership from the International Longshore and Warehouse Union and the Pacific Maritime Association during the visit.
JAX LNG, a joint venture between Pivotal LNG and Northstar Midstream, received a Letter of Acceptance from the U.S. Coast Guard to begin operations by the end of 2017.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 138.5 in July 2017, up slightly from 138.4 in June, due to the mixed bag of high retail sales and low manufacturing production, said American Trucking Associations’ Chief Economist Bob Costello.
Singapore-based ocean carrier APL, now a subsidiary of CMA CGM of France, began purchasing slots on Maersk Line’s AC3 loop between Asia and the West Coast of South America this week, dubbing it the AE3-AW3.
The two vessels will be built by Texas-based Keppel AmFELS and will be deployed on the Hawaii-U.S. Mainland trade by 2020.
The Moscow-based all-cargo airline also saw volumes rise to 20 percent in its Asia Pacific network, a strong factor in its overall volume increase for the period.
The new cranes are part of a $60 million terminal expansion and modernization program to prepare Matson’s Hawaii operational hub for the arrival of four new ships the company has on order.
MST and Reederei is accused of failing to keep accurate pollution control records and falsifying records for the vessel Marguerita, according to a statement from the U.S. Department of Justice.
U.S. solar panel manufacturers SolarWorld and Suniva say their days are numbered without relief from a flood of cheap imports China and Taiwan.
China is leading a trading bloc in Asia – the Regional Comprehensive Economic Partnership (RCEP) – that would more than fill the void of the abandoned Trans-Pacific Partnership (TPP) agreement and could leave the United States on the outside looking in.
Postponement of determination on carton-closing staples The Department is postponing the deadline for the preliminary determination of carton-closing staples from China by 50 days. Biodiesel from Argentina and Indonesia The Department of Commerce has issued an affirmative preliminary determination in the countervailing duty investigation into biodiesel from Argentina and Indonesia. WTO Dispute Settlement Body WTO […]
Maersk Oil’s liquids-weighted production will provide the French energy giant with short-term benefits, with key United Kingdom and Norway assets boosting cash flow, and possibly cost-savings synergies in the North Sea, according to Energy Intelligence.
