ASEAN member countries will officially launch a long-term plan this week to achieve regional economic integration within the next 10 years.
By telling customers up front that package delivery on its two- and three-day shipping services would take an extra day to deliver during the week of Christmas, UPS may have saved itself a huge headache this holiday season.
The Department of Transportation is warning that companies are not following hazmat shipping requirements for this season’s popular toy and Customs is on the look out for hoverboards with counterfeit batteries.
The investment firm set a target price of $182 per share for FedEx Corp., a premium of nearly 22 percent on the stock’s closing price yesterday.
The government of South Korea also plans to require downsizing and restructuring of its shipyard industry, according to multiple media reports.
Although the port handled less containerized and conventional cargo in terms of tonnage for the first 11 months of 2015 compared to last year, it handled more oil and non-oil bulk cargo year-over-year.
The Jawaharlal Nehru Port Trust, which manages the Port of Jawaharlal Nehru in western India, broke ground on the development of an inland port in Jalna, India.
The French ocean carrier says the 18,000-TEU ship Benjamin Franklin is the “future of container shipping,” but it has no immediate plans for deploying such large containerships in the transpacific trade.
Multiple labor groups are awaiting determinations from the National Labor Relations Board and an arbitrator on contract claims regarding a new APL service between Japan and Guam, according to Don Marcus, president of the Masters, Mates & Pilots union.
Ocean carrier members of the G6 Alliance are scheduled to skip a total of 10 sailings throughout February on Asia-North America and Asia-Europe loops.
The Dow Jones Transportation Average closed at $7,566.70 on Monday, Dec. 28, down nearly 18 percent compared to December 2014.
Denmark-based consultancy SeaIntel’s measurement of scheduled ocean carrier arrivals found 85 percent of ships arrive on-time, though delays are still more common in the major east-west trade lanes.
The U.K.-based port operator acquired Great Yarmouth Port Company Limited from International Port Holdings.
The Bureau of Industry and Security has published a proposed rule to revise its guidance on charging and penalty determinations to settle administration enforcement cases involving alleged export control violations.
The report by the United States Trade Representative outlines whether China is following its World Trade Organization commitments and how the U.S. is working to get the country to abide by its promises.
The German logistics provider says the consolidation will provide more seamless service and lower costs for customers.
New orders for manufactured durable goods grew $0.1 billion to $238.8 billion in November following a revised increase of 2.9 percent in October.
The Slovenian port handled a record number of vehicles during 2015 and expects to see even stronger results in 2016 due to new businesses and regular connections with the Far East.
The Chinese government’s Assets Supervision and Administration Commission of the State Council has approved a reorganization of the two shipping companies that “aims to achieve economies of scale and synergies.”
Fred Potter, head of the Teamsters port division, predicts the port trucking industry will have to convert from an independent contractor model to one of employee drivers.
