Although proponents of the proposed border adjustment tax argue American corporations have nothing to fear, many importers find that to be far-fetched.
In addition, the Lake Erie port’s board of directors approved a one-year agreement with Federal Marine Terminals, Inc.
The global logistics provider recorded a net profit of KD 59.1 million on revenues of 1.23 billion for 2016.
Shreyas Relay Systems Ltd. will acquire a 99.99 stake in Balaji Shipping Lines FZCO.
The German freight forwarder said the move is slated for October and will consolidate and centralize regional management functions in one central location.
The Danish container shipping line said the order will help it meet sustainability goals and stay ahead of new legislation by the European Union.
At least four people were killed and dozens more were injured Tuesday afternoon when a CSX train slammed into a charter bus full of tourists that had gotten stuck on a railroad crossing with a low ground clearance.
Israeli ocean carrier ZIM Integrated Shipping Services has nominated Eli Glickman to serve as its next president and chief executive officer following the departure of long-time CEO Rafi Danieli, the company said in a statement.
The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.
The Jacksonville Port Authority’s governing board on Wednesday voted to accept Chief Executive Officer Brian Taylor’s resignation, and appointed Eric Green, current senior director of government affairs for the North Florida port, to acting CEO.
Robert Lighthizer will testify before the Senate Finance Committee next week regarding his nomination to become the latest U.S. Trade Representative.
Hamburg shipowner Claus-Peter Offen will take over 100 percent of the Conti Group’s shares as well as most of its shares in in technical ship manager Bremer Bereederungsgesellschaft.
Starting April 17, the CMA CGM subsidiary’s new JTX service will sail between Japan and Singapore on a fixed day, weekly frequency, APL said in a statement.
Roadrunner Transportation Systems has formed a new temperature-controlled transportation division by combining M. Bruenger and R&M Transportation into a single operation, the company said in a statement.
The new tool from the Israeli ocean carrier tracks carbon dioxide and sulfur oxide gas emissions on ZIM vessels using Clean Cargo Working Group data methods.
The partnership between third-party logistics provider Kuehne + Nagel and the international airline will include air-side locations and airplane parts transport through 2020.
In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line, also established an independent trustee to manage funds to be used in the event one of the carriers within the group becomes insolvent.
Chinese telecom giant to pay more than $1 billion for violating U.S. export sanctions
Georgia Ports Authority and Maher Terminals, which operates the largest terminal at the Port of New York and New Jersey, have been granted approval to foreclose on Hanjin’s shipping containers and sell them.
Federal Maritime Commission Acting Chairman Michael Khouri said the change will eliminate requirements that were obstacles to efficiency and added unnecessary costs.
