Higher rates lift OOCL transpacific revenues
Transpacific revenues up 26 percent in fourth quarter of 2018 on 6.1 percent volume growth.
Transpacific revenues up 26 percent in fourth quarter of 2018 on 6.1 percent volume growth.
Panels will review U.S. Section 301 tariffs on China and retaliatory tariffs by Turkey against U.S. Section 232 measures.
Operations resumed Monday following the end of the government shutdown, but it’s still not business as usual.
IPS Worldwide’s bankruptcy filing leaves many shippers seeking to get their money back, in some cases in excess of tens of millions of dollars.
Although sanctions against En+, Rusal and ESB were lifted Jan. 19, it took Treasury until Sunday to declare the action official.
The Reciprocal Trade Act would allow the U.S. to increase tariffs based on higher tariffs in other countries.
The Coalition for a Prosperous America pushed for a look at taxing corporate profits based on the location of sales.
Numerous flights in and out of New York’s LaGuardia Friday morning were canceled or rerouted due to a shortage of federal air traffic control and safety personnel.
The nation does face challenges as its gross domestic product growth has slowed.
OFAC adds Qeshm Fars Air to its list of sanctioned entities for its role in transporting weapons to support Iran’s military operations in Syria.
The two newly sworn-in commissioners will fill four of the five available positions on the commission, which is charged with regulating liner shipping in U.S. trades.
Recovery work and damage assessment will be conducted at the Port of Freeport.
CEO Brandy Christian credits the Panama Canal expansion and growth in exports.
Trade analysts shared their perspectives on how the Trump administration might deal with South Korea as the U.S. weighs whether to impose auto tariffs.
The Sturgis proved that a floating nuclear power plant was not only possible but practical and safe.
A KPMG webinar described how importers should file post-summary corrections and/or protests to claim refunds under the Craft Beverage Modernization and Tax Reform Act.
Executive Director Mario Cordero says even after a record 2018 the port is hopeful for additional volumes.
Carriers are being delayed at border crossings due to Customs and Border Protection’s inability to confirm online that annual user fee payments were made.
CEO Lance Fritz credits “strong volume growth, core pricing gains and regaining positive productivity momentum.”
Marine terminal nearly doubles size, adds new ship berth and three more cranes.
National Industrial Transportation League panel focuses on ways to reform charges.
U.S. exporters may be tempted to prematurely re-engage with three Russian industrial giants reportedly relieved from Treasury sanctions before knowing all the facts.
Only 16 percent have made “significant or practical” plans, according to the executive search firm Odgers Berndston.
Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.
TMS provider brings on chief technology officer; regional parcel carrier hires final-mile president and sales leader.
The Alliance St. Louis left the Delaware port bound for the Middle East.
The breakbulk cargo is arriving from Korea in three ship calls to Terminal 6.
The binary cycle power-generation system unit will serve as auxiliary energy for the Pirika Mosiri Maru.
Commenters recently submitted their requests for provisions in a potential U.S.-United Kingdom free trade agreement.
More than 1 million TEUs will be delivered in 2019 and 2020, according to forecasts.
Many in the industry remain devoted to improving output of quality returns found in diesel.
BlueWater Reporting monitors the country’s trade trends with North America and Asia.
Customs and Border Protection planned to start enforcing the in-bond changes on Feb. 6, but said the ongoing federal government shutdown forced its delay.
The 270-foot-tall Liebherr LHM 600 arrived aboard the Happy Dover.
Shore power use reached an all-time high of 82 percent in December.
Analysis shows that the ongoing shutdown is impacting trade functions across the federal government.
U.S. exporters wait for official announcement from OFAC for guidance on how to proceed.
Attorneys from Winston & Strawn say regulatory impacts “will become more severe and then debilitating over time.”
Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.
Since Maersk acquired Hamburg Süd in 2017, it is focusing on the container liner business.
The European Commission submitted its proposal to the United Nations on Friday.
Net earnings for 2018 totaled $490 million, down from $686 million in 2017.
Various duty refund programs remain on hold as numerous CBP employees are on furlough during the federal government shutdown.
Agriculture is excluded from the draft mandates on industrial goods tariffs and conformity assessment.
SpaceX’s lease on a 19-acre site at the port will end in February, while Cal Cartage will close its warehouse on an 85-acre site in July.
Under the proposed Telecommunications Denial Order Enforcement Act, Chinese telecoms that violate U.S. sanctions would face “the same severe punishment” as ZTE.
Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.
The Senate Finance chair suggested the government shutdown could delay congressional consideration of USMCA as well as the start of trade talks with Japan and the EU.
Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.
Forwarders say air cargo shipments keep moving despite the government shutdown.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
The port handled a record amount of container volumes in 2018, but the outlook for the coming year is uncertain, according to the port’s maritime director.
The Class I railway posted a full-year net income of $3.31 billion on revenues of $12.25 billion.
The freight brokerage company released the next generation of GTZcommand.
Months after being rejected by CEVA, the Danish logistics company offered $4 billion for Panalpina.
John Veroneau says the passage of the trade agreement is very much an open question this Congress as several variables are in play.
The express carrier reached a deal to acquire the international express business of Israel-based Flying Cargo Group.
The purchase of Our Freight Guy marked GlobalTranz’s eighth acquisition since January 2017.
There is growing interest in interchanging equipment between importers and exporters at locations other than marine terminals and container yards.
UPS names president of supply chain solutions; Imperial Logistics selects chief commercial officer; and CII appoints executive director and senior adviser.
U.S. Trade Representative Robert Lighthizer indicated in a letter that ongoing trade talks will play a role in whether the Trump administration eventually will establish an exclusion process.
The carrier will use the Belgium-based service to approve the triangulation of containers in the United States and Canada.
The Port of Rotterdam, which ranks 10th worldwide in terms of total throughput, can transport goods to a consumer base of about 40 million people.
“Excepted personnel will ensure USTR continues to conduct operations, including trade negotiations and enforcement.”
Appointments are made and new leaders take the helm in the United States, Europe and South America.
The express carrier said the service will allow many shippers to make overseas deliveries as soon as Monday.
The union says truck drivers will be prevented from waiving their rights through private arbitration agreements; the decision may spark class action lawsuits against owner-operator fleets.
But the outlook for 2019 is muddled by the U.S.-China trade war.
Now the Airbnb-like startup with an online marketplace serving shippers, truckers and logistics companies has secured a partnership with ITS ConGlobal.
The 15,262-TEU containership was heavily damaged in a March 2018 fire that killed five crewmen.
The objectives, released Friday, largely mirror separate objectives released ahead of Japan and NAFTA talks.
The free webinar, “Fan the Flame: How IoT Data Fuels Global Supply Chain Business Intelligence,” can be replayed anytime using the link provided in the story.
U.S. technology developers warn the Commerce agency not to take broad, heavy-handed approach to controlling new technologies for national security purposes.
Restrictions on material from Bulgaria and China will remain in place until January 2024.
The first of its kind in the United States will be tested by Maher Terminals at the Elizabeth Port Authority Marine Terminal.
Chief executive officer appointed and board of directors elected.
But Harbor Trucking Association says the union is misrepresenting California labor decisions.
Penalty will make congestion and air pollution worse, say truckers and shippers.
The EU trade commissioner said on Thursday that Europe would not agree to accept U.S. quotas on automotive imports as part of any potential bilateral trade agreement.
Trade ministers from the three countries met in Washington on Wednesday as the governments continue efforts to reinvigorate the WTO.
U.S. Chamber of Commerce CEO Tom Donohue made several remarks about U.S. trade policy during and after his State of American Business address Thursday.
The Owner-Operator Independent Drivers Association filed a class action lawsuit against the Indiana government to roll back the Oct. 5 imposition of a toll road fee hike.
Treasury Secretary Steven T. Mnuchin met with House leaders in a classified briefing to defend the decision to remove sanctions against three Russian companies.
Owner of car carrier that caught fire on New Year’s Eve says the cause of the fire still is undetermined.
The Senate Finance chair wants to talk with congressional Democrats about what they have in mind for consideration of the U.S.-Mexico-Canada Agreement.
ZIM, Maersk and MSC announce that they will share space on four additional services.
The South Korean ambassador confirmed his country’s parliamentary body has ratified provisions necessary to effectuate amendments to the agreement.
The European Parliament’s Transport Committee adopted a proposal to establish a “single window” through which the ocean carriers communicate with maritime authorities.
The 7,510-TEU ship is being towed and is still about 800 nautical miles off the coast of Canada.
Nonantum Capital Partners said it is partnering with company founders Ken Kellaway and David McLaughlin to recapitalize the intermodal drayage provider.
Maximilian Rothkopf will join the executive board on May 1 and succeed Anthony J. Firmin as COO on July 1.
Purchase of Tennessee 3PL called “the first step in an ongoing growth plan.”
Changes made to leadership team, new board sworn in and senior director hired.
COO calls the move “a natural extension of our growth in Europe and across our global network.”
A partial federal government shutdown continues as a critical deadline in the congressional consideration process for the agreement looms.
HMM said it increased volume 150 percent in two years as it prepares for megaship deliveries in 2020.
But Drewry’s senior analyst of ports and terminals cautions growth will slow in 2019.
“This is a strategic investment that will further advance our final-mile delivery capabilities,” says President and CEO John Roberts.
American Shipper was invited to tour the LNG-powered vessel before it joined sister ship El Coqui on the rotation between Florida and Puerto Rico.
Cleanup in the North Sea continues following the Jan. 2 incident in which more than 250 containers were washed off the MSC Zoe.