President-elect Donald Trump warned German automakers of a 35 percent tariff on imports from Mexico if they continue producing cars there instead of building them in the United States.
U.S., Paraguay aim to boost bilateral trade
The United States and Paraguay recently negotiated the Trade and Investment Framework Agreeement, establishing a platform for the two countries to discuss a range of bilateral economic issues.
Obama designates Schmidtlein ITC chairman
President Obama has designated Missouri Democrat Rhonda Schnare Schmidtlein chairman of the U.S. International Trade Commission for a term that will expire June 16, 2018.
Port of Virginia sets box volume record in 2016
The port handled a record 2.65 million TEUs in 2016, a 4.2 percent jump from 2015, with increases in both imports and exports.
Port of Montreal handles record cargo tonnage
The Canadian port handled 10 percent more cargo in 2016 and opened a new container terminal in the Viau sector in November.
Judge likely to rule on Hanjin’s TTI sale Wednesday
Judge John Sherwood decided to confer with the South Korean court before making a decision about Hanjin’s sale of its 54 percent stake in Total Terminals International to 46 percent minority owner Terminal Investment Ltd.
Chassis pool co-op launches in Ohio Valley
The new pool is scheduled to launch Monday and will be managed by Consolidated Chassis Management on behalf of the North American Chassis Pool Cooperative.
Executive Moves: IICL, Dayton Freight and Page International
The Institute of International Container Lessors appoints new chairman, Dayton Freight promotes three employees to service center positions, and Page International names director of sales.
CAGTC: Freight infrastructure must be improved to meet demand
E-commerce growth, products no longer being fully built at just one facility, and “building to order” replacing “building to stock” have resulted in a more complex supply chain.
FAA fines Jegs Automotive, Amazon for hazmat violations
The Federal Aviation Administration has proposed fines against Jegs Automotive and Amazon in separate incidents involving undeclared flammable and toxic liquid shipments.