American Shipper’s sister publication, the Adam Smith Project, wrote Monday about the dangers of recalibrating trade statistics to suit policy initiatives.
Chief Executive Officer Ted Fick resigned earlier this month amid a Washington State Auditor’s Office investigation into an alleged $4.8 million in potentially illegal payouts to port employees.
Michael J. Ward and Clarence W. Gooden, chief executive officer and president of CSX, respectively, will retire from the company May 31, 2017, the Jacksonville, Fla.-based Class I railroad said in a statement.
A spokesperson from Hyundai Merchant Marine (HMM) told American Shipper the loop is expected to commence April 2 from Laem Chabang, operating with seven, 6,800-TEU vessels supplied by HMM.
The container lines were fined a total of 2.39 million Chinese yuan renminbi (U.S. $347,212) for failing to record or recording inaccurate data on their freight rates.
The French ocean carrier will buy space on a service between North Europe and the West Coast of North America, as well as on a service between Japan and California.
The joint venture will consolidate and expand bulk cargo handling services of both companies in the U.S. Southeast and Gulf region.
News broke on the planned logistics center on the heals of the announcement that the 18,300-TEU Margrethe Maersk, docked at the Cai Mep International Terminal Monday, the largest ship to ever frequent Vietnam.
The International Longshoremen’s Association is calling for a shutdown of ports along the Atlantic and Gulf Coasts, and a march in Washington.
With Trump administration reportedly considering statistically separating re-exports, let’s not ignore positives of such trade
Democrats want legislation linking presidential business ties to trade decisions
Report highlights warehouse labor tightness caused by e-commerce surge in key cities
Export control exemption for Chinese telecom company due to expire next week
The Berkshire Hathaway-owned Class I freight railroad will pay $50,000 in civil penalties related to a March 2015 crude oil train derailment in Galena, Ill., according to a statement from Illinois Attorney General Lisa Madigan.
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission to provide guidelines on detention and demurrage charges.
Hyundai Heavy Industries (HHI) is putting its restructuring plans on a shareholders’ meeting agenda for Feb. 27, but HHI workers plan to strike from Feb. 22-27 in attempts to block the meeting.
On a bright note, Philip K. Brewer, the president and chief executive officer of Textainer, said the container lessor is pleased with the progress it has made in recovering equipment from Hanjin, which was a major customer.
However, the Northwest Seaport Alliance said it may see lower cargo volumes for February, and volumes with Alaska are expected to decline for the full year of 2017 due to soft market conditions.
Intermodal pricing increased 3.8 percent for the month compared with the same 2016 period, just the fourth year-over-year increase since December 2014 and the largest since October 2014, according to the latest Cass Intermodal Price Index.
Truckload pricing slipped another 0.3 percent for the month compared to January 2016, the 11th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
