Insurance & Risk Management presented by Reliance Partners … U.S. companies moving freight across the border need additional insurance to cover their Mexican drivers, even if it is only within the border zone
Wales First Minister Carwyn Jones was in Dublin, Ireland, last week due to “serious concerns” brought about by the possibility of a hard Brexit exit and its impact on trade.
Container Terminal Services has secured a contract to expand the Porto Umm Qasr in Iraq to handle more container volume.
The U.S. and South Korea are kicking off a renegotiation of their 2012 free trade agreement.
The nature of the ship-management business makes it hard for the companies to pay attention to details, thus accumulating uncontrolled expenses over time, reducing profits and making the overall process inefficient.
Paris-based global logistics group Gefco has confirmed its acquisition of Spanish transport logistics company GLT, the Handy Shipping Guide reports.
China-based, state-owned shipping behemoth China Ocean Shipping Company (COSCO) has acquired a 49% stake in a landlocked port under construction in Kazakhstan, the New York Times reports.
Mexico’s ambassador to the United States told CBS News there is a 50% chance that the end result of NAFTA negotiations will be termination of the trade pact.
Oil prices finished 2017 above $60 a barrel for crude, surpassing their highest level in more than two years. Delivery of light, sweet crude for February was up 1% to $60.42 a barrel on the New York Mercantile Exchange. Brent crude was up 71 cents to $66.78 a barrel.
What began as an attempt to create a corridor from China to central Asia through infrastructure projects, has grown more ambitious and has encircled 65 countries across Asia, Africa, and Europe – all bearing China’s One Belt, One Road initiative.
The process of sending bills-of-lading with cargo has changed little in generations, but the problems have remained: BOLs arrive at different times than the cargo, causing delays and added cost. But blockchain could eliminate these expenses and streamline the process.
The growth in cargo volumes at London’s Heathrow Airport has created severe congestion across the region, which has the airport facing a dire situation due to long queues, which is increasing waiting times and thus delaying an already slow-moving air freight operation.
Used-truck sales volumes continued their upward trend in October, but the industry is still facing an oversupply of vehicles, according to ACT Research. Class 8 same dealer used truck sales increased 12% month-over-month and 37% over October 2016, the firm said.
As the talks concluded last week on Round 5 of the North American Free Trade Agreement (NAFTA), the 3 NAFTA ministers included among the 30 negotiating parties agreed to “step back” to give negotiators additional time to “analyze proposals and conduct internal consultations,” according to LandLine Magazine.
Global freight and logistics company DHL has confirmed its investment to the Airport Authority Hong Kong for the latter’s expansion plan for the Central Asia Hub, the Handy Shipping Guide reports.
Blockchain is digital ledger that can improve global trade security, stop illegal smuggling, and more importantly, reduce transit times currently bogged down by bureaucracy.
According to a recent report by Bloomberg, American negotiators are advocating to remove Mexican long-haul trucks from the NAFTA Chapter on cross-border services.
As the Chinese economy rises and more people in the world’s largest nation move into the middle class, the demand for foreign goods escalates. In response to domestic demand and pressure from the U.S. to lower the trade deficit, China is opening its doors to American beef.
McKinsey & Company has issued a landmark report predicting sweeping changes amid steady growth in the container shipping industry over the next 50 years.
We need NAFTA. That was the general consensus from Bob Costello and Derek Leathers on Sunday during a general industry update session at the American Trucking Associations’ MCE 2017 conference in Orlando.
