The Commerce Department in a countervailing duty investigation found evidence of government subsidies used by Vietnam to support exports of laminated woven sacks.
The company reported good growth in air freight.
Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.
World’s fifth largest ports operator steps up its logistics services with acquisition of short-sea and intermodal operator Unifeeder.
State-backed Asian container lines have plans to rapidly expand their capacity; meanwhile Maersk cuts its guidance for 2018 by nearly a billion dollars in EBITDA.
The global port terminal operator’s $765.4 million acquisition is part of a larger industry shift toward vertical integration.
Business leaders support maritime sector call for a pragmatic deal that enables frictionless trade.
Mail carrier and third-party logistics provider’s earnings dropped 14.3 percent year-over-year in the second quarter.
U.S. beef and lamb shipments to other countries increased.
Proceeds will be used to fund projects such as ballast water treatment systems and scrubbers.
Agreement hailed as “important step in ensuring that American farmers and ranchers can continue to expand their exports.”
The global logistics provider reports strong performance in both business segments.
Sandler Travis attorney Lenny Feldman and Avalon Risk Management CEO Lisa Gelsomino will head up the Customs Operations Advisory Committee.
The Danish shipping conglomerate cited the freight rate outlook for the rest of the year and high bunker fuel prices.
As separate brands the combined companies will complement each other but provide economies of scale.
The United States’ deficit in goods and services trade climbed 7.4 percent in June after narrowing to its lowest level in 18 months in May.
The WCI surged 13.5 percent last week, while the SCFI grew 3.1 percent compared with the previous week.
Carriers are “desperate” to increase their fleets to keep up with demand, but supply is limited, according to FTR Transportation Intelligence.
Ocean carriers transported just under 14 million TEUs in June, a 1.3 percent increase from the same month a year ago.
The Class I railway benefited from increased volumes, higher average revenue per car/unit, a tight trucking market and a lower effective income tax rate.
