The U.S. trade deficit totaled $45.2 billion in November, up 6.8 percent from October as exports declined amid stronger domestic demand for imports.
IATA: Airfreight growth continues in November
The International Air Transport Association attributed the continued growth to more shipments of silicon materials for high value electronics, an apparent turnaround in new export orders, and the modal shift to air cargo due to the collapse of Hanjin.
Commentary: Equal footing for parcel
Although e-commerce is a large contributor to parcel companies’ bottom lines, parcel has always been an arrow in the quiver of large shippers as well.
U.S. meat exports soar in November
The United States experienced growth in beef, pork and lamb exports in terms of volumes and value in November 2016 compared to 12 months prior.
SCPA handles record container volumes in 2016
The South Carolina Ports Authority handled 1.996 million TEUs in 2016, beating its previous calendar year container throughput record set in 2005.
Freightos: Opacity, pricing fluidity continue to plague container industry
Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.
Port of Wilmington, N.C. to receive new cranes
The two ship-to-shore cranes the port is scheduled to receive from ZPMC in early 2018 will be able to work the larger ships that can now transit the Panama Canal’s new locks.
Port of Oakland sets record in 2016
The port handled a record amount of loaded containerized cargo in 2016, despite the decision by Ports America and Terminal Investment Ltd. to close their operation at the port’s Outer Harbor.
U.S. antidumping duties assessed on steel plate imports
The U.S. International Trade Commission gave the Commerce Department permission to issue antidumping duty orders on imports of carbon and alloy steel cut-to-length plate from Brazil, South Africa and Turkey.
U.S. continues Canadian lumber import investigations
The U.S. International Trade Commission said there’s a “reasonable indication” that imports of softwood lumber products from Canada are subsidized and sold in the United States at less than fair value.