OFAC said the multimillion dollar fines resulted from improper screening and missed “red flags” involving an international airline billing program.
Census Bureau identifies 284,168 companies responsible for exporting $1.292 trillion in goods.
Differences remain in what is best path for drivers to follow, but all agree that port congestion is a problem that needs fixing.
Drewry says futures indicate low-sulfur marine fuel prices may rise 55 percent when IMO 2020 mandate kicks in.
Indices are clearly signaling that the container volume coming in through the Long Beach/LA port is surging and bodes well for the holiday shopping season.
U.S. Immigration and Customs Enforcement official tells COAC members that export enforcement remains a top priority for the agency.
The paper application cost of a new ocean transportation intermediary license will increase from $1,055 to $1,962.
A CFO with a “different background” is taking over in Switzerland; a sales position is created and filled in the Netherlands.
FreightWaves spoke to IMSA CEO Corey Ranslem about the first install, the ARMS platform’s official launch at the end of October, and entering the cargo ship markets in 2019.
The president of the Baltimore-based manufacturer discusses how to navigate the tariff-heavy landscape as well as the benefits free trade agreements provide.
Drewry reports the latest round of U.S. tariffs means “eastbound transpacific flows could be hit with an opportunity cost of approximately 1 million TEU next year.”
But UNCTAD expresses concern “increased inward-looking policies” and rise in protectionism could stifle trade.
Legislation includes provisions to require advance electronic data for international postal shipments and to strengthen DOT’s alcohol and drug testing practices.
The FMC commissioner is meeting interested parties at ports around the country as part of the second phase of the Fact Finding 28 investigation.
Containership charterer describes the investment of up to $200 million in Swiber Holdings as “opportunistic.”
Oil Major Shell has announced upcoming availability its newly developed Very Low Sulphur Fuel Oil (VLSFO) ahead of the IMO 2020 – 0.50% global sulphur limit for marine fuels. FreightWaves has the charts.
UN trade and development body UNCTAD has outlined seven key challenges to maintain a positive momentum for the freight markets in global trade.
UNCTAD expects volumes across all maritime segments to grow in 2018. However, it warns that trade wars can disrupt the global trading system and there is a need to assess the implications of vertical integration within the industry, addressing any potential negative effects.
Mike Lacey sees some improvement in his relationship with railroads, but it’s coming from a very low point.
Logistics company argues that it has improved conditions at warehouse one year after its purchase.
