American Shipper

WTO forecasts increased trade in 2017, but warns upward trajectory could nosedive if countries turn to import restrictions

Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.

Daewoo Shipbuilding & Marine Engineering bondholders have approved a debt-for-equity swap as a condition of a 2.9 trillion won funding package from the Korea Development Bank and Export-Import Bank of Korea.

Supply chain solutions provider JDA established a new TMS integration with MacroPoint, and extended its existing TransVoyant partnership to forecasting, replenishment and manufacturing.

The Omaha, Neb.-based Class I railroad’s investment plans stemmed from its $3.1 billion capital plan for 2017, which was approved early in February.

Memphis, Tenn.-based integrator FedEx leapfrogged arch-rival UPS to become the largest cargo carrier by freight revenues in 2016, according to the Transport Topics Top 50 Largest Global Freight Carriers list.

The United States exported 827,559 net tons of steel in February, a 1.1 percent increase from January and a 6.2 percent jump from February 2016.

Alaska Airlines subsidiary Horizon Air and the International Brotherhood of Teamsters have reached a tentative agreement to amend their existing eight-year contract covering the company’s 620 pilots.

Liner and breakbulk carrier NileDutch will use ClearMetal’s machine-learning approach to fleet and container utilization improvement.

DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.

The Belgian port experienced the best month on record for containers in March.

The global logistics startup Haven was previously known as an ocean freight marketplace, but used that platform as data discovery to build a collaborative workflow system.

Importers and customs brokers racing against the clock to comply with FDA’s new Food Supplier Verification Program

In the wake of ZTE’s record BIS penalties, export control experts see another case pending with Huawei

Trump apparently sees the benefit to small businesses of the Ex-Im Bank after all

In addition to bad weather conditions, rampant overbooking by carriers in the wake of newly restructured vessel sharing alliances is at the root of the delays, according to Nicolas Vittori, overseas network manager at France-based Setcargo.

President Donald Trump has announced his intention to nominate former House Rep. Scott Garrett to lead the U.S. Export-Import Bank despite his outspoken opposition to the agency and what he called its “long legacy of crony capitalism.”

Mountain View, Calif.-based connected and automated vehicle technology provider Peloton Technology recently closed a $60 million Series B funding round led by fleet management solutions provider Omnitracs and existing investors, the company said.

The Federal Aviation Administration (FAA). is currently operating under a bill that expires in September, and at the heart of the reauthorization debate is a proposal to disentangle air traffic control duties from the FAA.

However, an XPO spokesperson told American Shipper only 178 of the company’s 44,000 North American employees have voted in favor of the Teamsters since 2015, and none of its locations have a collective bargaining contract in place.