With interest rates at their lowest levels in recorded history there is an abundance of capital seeking investment opportunities, particularly in freight movement infrastructure. It is not surprising that many previously studied, and postponed or rejected, investment ideas are re-surfacing. It is worth reconsidering potential opportunities from time to time because as the world […]
American Shipper has been analyzing the state of the freight payment industry since 2009 and in that time we’ve shone a light on numerous discrepancies between companies that handle payment of transportation and logistics in a systematic way versus those that handle it more manually. In this, the seventh version of our annual […]
Squeezing perishable exporters; The “Amazon Effect” and Operation New Hope
Importers need to double-check that products are properly classified and have accurate origination information on customs entries to avoid being the victim of stepped up U.S. Customs enforcement of unfair trade practices, according to Larry Ordet, a customs attorney at Sandler, Travis & Rosenberg. Congress last year passed the Enforce and Protect Act, […]
New U.S. Customs regulations will make it easier to catch companies trying to avoid anti-dumping and countervailing duties.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
The Danish liner carrier has resumed service to Iran after a five-year absence and just a year and a half after the Maersk Tigris was fired upon by the Iran Revolutionary Guard Corps Navy.
Roberto Azevêdo, the head of the World Trade Organization, warned that the benefits of international trade are increasingly getting lost among the incessant anti-trade rhetoric that’s being espoused worldwide.
Meanwhile, a judge in STX Offshore’s Korean bankruptcy proceedings has ordered the troubled shipbuilder to put its shipyard up for sale along with its profitable cruise ship subsidiary based in France, according to multiple media reports.
The transportation and logistics provider’s net income dropped 41 percent to $18.9 million compared with third quarter 2015 after a similar 43 percent year-over-year decline the previous quarter, according to the company’s most recent financial statements.
The Shanghai Containerized Freight Index ticked up 2.3 percent from last week, with rates from Shanghai to Northwest Europe, the Mediterranean and the United States remaining fairly stagnant.
Concurrent with the deal for Glencore Rail, the Australian subsidiary of short line and regional rail operator Genesee & Wyoming has issued a 49 percent equity stake to funds managed by Macquarie Infrastructure and Real Assets, the company said.
The Federal Highway Administration released $1 million in emergency relief funds to help start road and bridge repairs across South Carolina in the recent aftermath of Hurricane Matthew.
Christopher G. Salis, a former global vice president of SAP, along with two associates, were charged in a federal indictment Thursday for their roles in a scheme involving insider trading and money laundering.
The Deutsche Post DHL Group subsidiary launched a new 23,600-square-meter automated parcel sorting and processing facility in the Changi Airfreight Centre at Singapore Changi Airport to serve as a 24-hour express hub for South Asia.
The Mondovi, Wis.-based temperature-sensitive truckload carrier posted a net income of $8.44 million for the third quarter of 2016 and $25.16 million for the first nine months of the year.
Container volumes through the Port of Antwerp rose 4 percent year-over-year during the first nine months of 2016 to 7.6 million TEUs.
The American Maritime Partnership honored Sen. Kelly Ayotte, R-N.H., for championing the cause of the domestic maritime industry in Congress.
MatchBack Systems appoints commercial account manager for Europe, while Graybar names district VP in Seattle.
Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
