U.S. trade deficit falls 5.9% in June
During the month, the United States exported $194.4 billion in goods and services, up 1.2 percent from May, as the weakened U.S. dollar makes U.S. goods less expensive, and therefore more desirable, overseas.
During the month, the United States exported $194.4 billion in goods and services, up 1.2 percent from May, as the weakened U.S. dollar makes U.S. goods less expensive, and therefore more desirable, overseas.
Sulfur and petroleum fires from the 32-car derailment in Hyndman, Pa. last week have been extinguished, but the incident is still causing freight to be rerouted and delayed in the area, according to CSX.
U.S. Gulf Coast ports are expected to benefit more than East Coast ports in the near term, and to the detriment of West Coast ports, according to a recent report from JLL.
The global logistics provider saw net profits jump 12.1 percent year-over-year to $55.6 million for the second quarter, stating that much of the growth was contributed by the company’s infrastructure group.
The union representing workers at the Jakarta International Container Terminal called the strike on Aug. 3 and say the labor action could last until Aug. 10.
A new trade pact between the United States and China announced July 19 should increase exports of U.S.-grown rice through the West Coast, according to officials at the Port of Oakland.
The Justice Department on Friday filed permanent injunctions against three New York companies and their owners to stop importing and selling potentially dangerous toys until certain measures are taken by these firms to clean up the problem.
The master of a multi-purpose cargo vessel was arrested on Friday in New Zealand for exceeding the alcohol limit for a seafarer, according to Maritime New Zealand.
The Qatar-based company is expanding its operations within Oman to include warehousing and third-party logistics services since having transferred its transshipment hub to Sohar, Oman.
Vacancy in industrial warehousing across the nation recently hit a 17-year low of just 5.3 percent, while rental prices are up by more than one-third from 2012 levels, leaving customers asking what the right mix of costs are for their supply chains.
Russia’s implications as a member in the WTO The interagency Trade Policy Staff Committee (TPSC) will convene a public hearing as part of its annual report to Congress on Russia’s implementation of its obligations as a member of the WTO. EC: NSDF will not receive state aid The European Commission has found that NESEC Shipping Debt […]
In addition, the country’s largest carrier, Hyundai Merchant Marine, is reportedly looking to allocate more vessels to U.S. routes thanks to rising demand.
At least 32 rail cars from a CSX train carrying hazardous materials derailed early Wednesday, causing a petroleum fire and forcing the evacuation of a one-mile radius around the site, according to CSX officials.
The trial, which begins in September with a heavy-duty, all-electric truck, is part of a statewide effort to determine the feasibility of zero-emission freight hauling.
The Council of Supply Chain Management Professionals (CSCMP) is aiming to ensure a steady influx of young, up-and-coming supply chain professionals to its membership.
The two positions are among nine that fall under the jurisdictional responsibility of the Senate Commerce Committee, with the others being in the departments of Commerce and Homeland Security, as well as the FCC.
The containership Mercosul Santos collided with a tug boat pushing several barges upriver on the Amazon early Wednesday morning, leaving nine of 11 tug crew members missing.
The non-asset-based supply chain management and third-party logistics provider’s airfreight volumes soared 15.6 percent year-over-year during the quarter, fueled by the transpacific and intra-Asia trades.
The port terminal operator arm of Chinese conglomerate COSCO Shipping will merge three terminal operators into one business entity at the Port of Dalian, according to an official statement from COSCO Ports.
The U.S. Maritime Administration beat its target date of Sept. 30 to remove 57 obsolete ships from its reserve fleet holding area in Suisan Bay, Calif.