The U.S. Bureau of Labor Statistics said U.S. import prices experienced a monthly increase of 0.1 percent due to higher fuel prices, while U.S. export prices ticked up 0.3 percent from a month prior.
Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore.
The United States asked the World Trade Organization to set up a dispute settlement panel to examine and put a final end to China’s export restraints on antimony, chromium, cobalt, copper, graphite, indium, lead, magnesia, talc, tantalum and tin.
The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit’s first CNG fueling station in Oklahoma City.
The French President Francois Hollande toured the new distribution center and said it was an example of France’s innovation in the logistics arena.
Cargo shipments on the St. Lawrence Seaway totaled 21 million metric tons between March 21 and Sept. 30, a 5.3 percent year-over-year decline, according to the Great Lakes Seaway Partnership.
The Swiss-based third-party logistics provider will handle freight forwarding for cosmetics maker Belcorp in Columbia.
The refueling station, scheduled for completion in early 2017, will be located at the main entrance of the Royal Seaforth Container Terminal and adjacent to the new Liverpool2 deep-water container terminal, which will have its formal opening next month.
The Sept. 19 AS Daily news report “Hapag-Lloyd invests in more reefer capacity” incorrectly stated that Hapag-Lloyd ordered all 5,750 refrigerated containers from Carrier Transicold. The company ordered 5,000 reefer units from Carrier, but the other 750 were supplied by Daikin Reefer.
The U.S. government has announced another round of amendments to the Cuban Assets Control Regulations and Export Administration Regulations, further eliminating many long-held U.S. trade restrictions against the Caribbean island nation.
Assets related to the South Korean shipping company’s services to the United States will be put up for sale as soon as tomorrow, multiple press reports said Thursday.
The Georgia Ports Authority said the Port of Savannah will be extra busy moving containers in the next week as shippers seek to retrieve and deliver a backlog of cargo resulting from hurricane associated closures.
Savannah River reopens to commercial traffic
The Class 1 railway’s earnings per share for the quarter surpassed analyst expectations, reaching $0.48 per share, but were still lower than the $0.52 per share for the third quarter of 2015.
The valuation provider VesselsValue said that during the past year, the value of a 2016-built Panamax containership with 4,250 TEUs of capacity tumbled 49.57 percent, while the value of a 2016-built ship with 7,000 TEUs of capacity fell 32.27 percent.
Truckload volumes are expected grow 1.8 percent per year on average through 2027, with even stronger growth predicted in less-than-truckload, according to the latest U.S. Freight Transportation Forecast report from the American Trucking Associations.
The Southern California port’s box volumes declined considerably after South Korean ocean carrier Hanjin filed for bankruptcy Aug. 31.
The deadline for reaching a new softwood lumber trade agreement between the United States and Canada expired on Wednesday, risking the assessment of hefty U.S. duties on these imports from Canada.
The Port of Damietta Authority signed an agreement earlier this week with China Harbor Engineering Company Ltd. for the construction and development of an additional container terminal at the Egyptian port.
PSA International has purchased Hong Kong-based Luck Glory International Ltd., which owns a 15.33 percent share of China United International Rail Containers, for an undisclosed price, the company said in a statement.
