Trade Trends: Brexit bully pulpit
In negotiating the terms of the United Kingdom’s exit from the European Union, the EU may look to send a signal to other member nations that leaving the union is far more trouble than it is worth.
In negotiating the terms of the United Kingdom’s exit from the European Union, the EU may look to send a signal to other member nations that leaving the union is far more trouble than it is worth.
Gate-to-gate turn times at the mid-Atlantic port still haven’t completely returned to what is considered standard, although terminal operator Ports America Chesapeake did say that they are “returning to historical norms.”
The National Transportation Safety Board has added two additional reports that clarify the original voyage data recorder (VDR) transcript from 2016 and says it has up to four more additions for the docket by the end of the year.
Terminals at the Port of Virginia handled 234,230 TEUs last month, a 7.5 percent increased compared with the same month a year ago, despite a 2 percent dip in exports.
The software company, which provides backbone systems for forwarders and customs brokers, will use data from tariff research and compliance tool provider Digerati to guide its next generation of customs entries technology.
The U.S. Gulf Coast port is currently developing a new forest products terminal and is looking to dredge its east channel, according to Port Panama City Executive Director Wayne Stubbs.
The agreement, which is retroactive to July 2016, covers about 3,000 Canadian National Railway conductors represented by the Teamsters Canada Rail Conference – Conductors, Trainpersons and Yardpersons union.
The east-west freight rail corridor has exploded in volume, particularly from Asia to Europe, causing bottlenecks and delays as European terminals and its infrastructure cannot handle the increase in volumes, according to a report from the JOC.
Domestic transportation management systems provider MGN Logistics will connect to SimpliShip’s ocean and air freight marketplace via an application programming interface, the company said in a statement.
The multi-modal transportation management company’s new tool, dubbed Hub Group Connect, provides customers with shipment visibility and online tracking.
Initial coin offerings are all the rage in technology markets, and veteran analyst Johnson Leung says his new company 300cubits is intent on bringing blockchain-backed crypto coins to the liner shipping world.
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The block exemption order was issued Tuesday for vessel sharing agreements between liner shipping companies, and is scheduled to remain in effect until Aug. 8, 2022.
The Memphis, Tenn.-based parcel carrier has announced Christmas surcharges starting Nov 20, spurred by “old habits” and poor packaging processes by shippers, according to transport consultant Satish Jindel of SJ Consulting Group
A total of 209,883 TEUs moved through the Northern California port last month, a substantial improvement over the 206,600 TEUs the port handled during the same month last year, according to recent data from the Port of Oakland.
A U.S. district court has upheld the decision of the American Club to deny coverage to TransAtlantic Lines over costs associated with a suit resulting from lost cargo, ruling the association’s international deliberations were legally binding.
The modified toll structure offers better rates per loaded container on the return voyage for Neopanamax vessels deployed on the canal route, according to the Panama Canal Authority (ACP).
The Fort Worth Texas-based Class I railroad recorded a net income of $958 million on revenues of $5.25 billion, up 24 percent and 15 percent year-over-year, respectively, amid increased volumes and a higher average revenue per car/unit.
Effective Oct. 2, the terminal’s hours of operation will expand to 7:00 a.m. to 11:00 p.m., with the in-gate closing at 10:00 p.m., according to a statement from the U.S. Gulf Coast port.