The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
When the new locks slide open to receive traffic for the first time in late June, the reverberations will be felt from Asian gas terminals to Great Plains farms and ports from Miami to Long Beach to Santiago.
Dubai-based DP World Ltd. raised $1.2 billion from the sale of Islamic bonds and said a tender offer to buy back securities received 48 percent more bids than the target.
The Danieli Group, a major supplier of parts and plants to the metals industry, will use the global trade management software provider’s on-demand solution.
The Russian cargo airline launched its new Houston-Abu Dhabi freight service this week.
The third-party logistics provider has partnered with Jinbei Automotive to build a 42,000-square-meter facility in the Shenyang Tiexi district of northeast China, the DB Schenker’s second largest logistics center in the country.
The National Customs Brokers and Forwarders Association of America has recently announced its slate of officers for 2016-2017.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
South Korean ocean carrier Hanjin asked Seaspan and others for a reduction in existing charter rates for a period of three and a half years in exchange for securities in a restructured Hanjin.
For years, industry has been working with Congress and the Executive Branch to develop, and ultimately pass, bipartisan Customs reauthorization legislation. It is essential to codify the changes to U.S. Customs and Border Protection (CBP) that have taken place since the agency moved from Treasury to the Department of Homeland Security (DHS) following Sept. […]
The automotive industry is the engine—the V8, 440-horsepower manual transmission engine with overdrive—of Mexico’s industrial growth, and this looks to be the new state of play for the famously export-dependent country. The relationship that the auto industry has with Mexico’s economy is strikingly balanced: There is a mutual dependence that exemplifies what free […]
Over the last half century, a confluence of factors, such as infrastructure investments and policies to promote international trade, have helped create a larger and more prosperous global economy. The good news is that the best is yet to come. However, growth comes at a cost, not just the cost of investing to grow […]
When freight is managed as a “commodity” there is little opportunity for long-term, successful and profitable relationships in the purchasing of global transportation services between shippers and their service providers and carriers. When we have “sustainable relationships” we capitalize on the following: •Better working relationships between shippers, service providers and carriers. We […]
The Trade Facilitation and Trade Enforcement Act of 2015, also known as the Customs reauthorization bill, which went into effect in March, raised the de minimus level to $800 from $200. De minimus refers to low-value shipments listed on a freight carrier’s manifest that are admitted without taxes, tariffs or formal customs procedures. The reduced […]
2016 promises to be one of the busiest years in the history of ship recycling, said Anil Sharma, the president and chief executive officer of GMS Inc. Shipbreakers are busy, he said, because there is simultaneous weakness in demand in three separate sectors–dry-bulk shipping, container shipping, and the oil industry where there is […]
Mergers and acquisitions don’t take place in a vacuum. No matter the industry, or specific situation, there are almost always knock-on effects, which often take the form of further consolidation, either via M&A activity or more organic means like companies going under. This is especially true when it comes to consolidation on a large […]
Breakneck pace of migrating functions to ACE brings pain for U.S. Customs and the trade community.
So this month’s column was going to focus on the state of supply chain convergence, based on an interesting session at the transportation management software provider LeanLogistics’ user conference in April. The session was a forum in which LeanLogistics customers talked about whether global and domestic transportation management were overlapping, and also how […]
The 3rd Circuit of the U.S. Court of Appeals has affirmed the right of ocean carriers, including non-vessel-operating common carriers, to have contracts that extend common law maritime liens. Brendan Collins of Washington-based GKG Law represented OEC Group and was successful in getting the 3rd Circuit to rule in favor of his client, […]
Is the emperor naked on that horse? Transportation policies and investment that helps manufacturers. Correction.
