The A.P. Moller-Maersk Group’s experience with Petya (or NotPetya) should be a wakeup call for the entire shipping and logistics industry; small shippers and forwarders can no longer afford to think they are insulated from the effects of such an attack.
Tapered roller bearings from Korea The ITC has determined that tapered roller bearings from Korea have been sold in the U.S. at less than fair value. U.S.-Korea FTA Joint Committee The U.S. Trade Representative Robert Lighthizer has announced a special session meeting of the Joint Committee under the U.S.-Korea (KORUS) Free Trade Agreement on August 22. […]
Jacksonville, Fla.-based ocean carrier TOTE Inc. says the launch of the proposed new loop is dependent primarily on acquiring two things: newbuild vessels for the trade and a Hawaii marine terminal from which to operate.
Transit rates for container vessels in the northern and southern Suez ports will be reduced effective Oct. 1, with vessels carrying more containers receiving larger reductions.
Mediterranean Shipping Co. and Hapag-Lloyd are scheduled to launch a new loop between Europe and the East Coast of South America at the end of September that will deploy nine vessels with an average capacity of 9,000 TEUs.
All transportation sectors have shown volume increases in July 2017, with the exception of rail, which seems to have succumbed to the strength of the U.S. dollar, according to the latest Cass Freight Index Report.
Although spot container rates declined from Shanghai to Europe, the Mediterranean and the U.S. East Coast since last Friday, rates from Shanghai to the U.S. West Coast experienced a slight increase, according to the Shanghai Containerized Freight Index.
A suspected car thief climbed a giant container crane at Pier 100, which is part of the China Shipping North America-run West Basin Container Terminal, and stripped off his clothes before falling to his death, according to the Los Angeles Fire Department.
The alliance’s transatlantic TA1/NEUATL1 service is operated with five U.S.-flagged Maersk vessels with an average capacity of 4,611 TEUs, according to ocean carrier schedule database BlueWater Reporting.
The Omaha-based Class I railroad is eliminating 500 manager jobs and 250 railroad workers in a greater attempt to save up to $400 million a year in costs, according to multiple media sources.
South Korea on Thursday agreed to lift its ban on imports of U.S. poultry products and added a temporary measure to allow U.S. fresh eggs to enter the country duty free.
Elizabeth Erin Walsh was sworn Thursday as the Commerce Department’s new assistant secretary for global markets and director general of the U.S. and Foreign Commercial Service.
The U.S. government has entered a new agreement with Colombia that will ease some of the previous requirements on U.S. paddy rice exported to the South American country, according to the U.S. Department of Agriculture.
The Chicago O’Hare International Airport’s second phase of its Northeast Cargo Center opened Thursday as cargo volumes at the airport continue to soar.
The state legislature voted to award the Taiwanese technology firm a $3 billion package to build a 2 million square-foot facility in Wisconsin.
The Thailand-based container shipping line posted a net profit of 163 million Thai baht (U.S. $5 million) for the second quarter of 2017 on revenues of THB 2.8 billion.
In addition to being a slight year-over-year decrease, last month’s shipments trailed July’s long-term average by 8.4 percent, the Lake Carriers’ Association said.
First round of NAFTA renegotiations Opening statement of USTR Robert Lighthizer at the first round of NAFTA renegotiations include plans for rules and countries of origin, labor provisions, trade deficit provisions, and more. Six names on OFAC blocked list The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of […]
If Maersk, the world’s biggest liner carrier, is a harbinger for the industry at large, container lines should be more optimistic than in recent years.
Britain would prefer to eliminate border checks on imports and exports with the European Union after it officially leaves the EU in 2019, according to a report from the Wall Street Journal.
