Although some shippers are hesitant on using foreign trade zones (FTZs) due to compliance burdens, the benefits of FTZs may be worth the effort.
Commentary: Unclogging the airways
Positive infrastructure change for the good of the airline industry seems to be an uphill battle, but air traffic control company NATS argued if the United Kingdom’s air infrastructure is not upgraded soon, airline delays will skyrocket.
ATSG to acquire aircraft repair, conversion services firm
Air Transport Services Group subsidiary Airborne Maintenance and Engineering Services has purchased Tampa, Fla.-based PEMCO World Air Services for an undisclosed amount, the company said in a statement.
Martin Klepper to lead USDOT Build America Bureau
The newly created entity will be led by Martin Klepper, a senior partner in the Energy and Infrastructure Project Group at Skadden, Arps, Slate, Meagher & Flom, LLP.
SCFI ends year on high note
The Shanghai Containerized Freight Index stood at a reading of 951.66 on Dec. 30, increasing 15.5 percent from a week prior.
NWSA sets container throughput record in November
The Northwest Seaport Alliance, which comprises the ports of Seattle and Tacoma, Wash., handled a total of 336,381 TEUS for the month, a 20.2 percent increase from the same 2015 period and a new monthly record, according to figures from the port author…
Commerce ups U.S. Q3 GDP estimate again
U.S. gross domestic product increased 3.5 percent in the third quarter of 2016, according to the “third” estimate from the Department of Commerce, up from previous estimates of 3.2 percent and 2.9 percent.
Port of Vancouver, Wash. unveils Terminal 1 redevelopment plans
The Washington state port has submitted a Concept Development Plan application to the City of Vancouver for the redevelopment of its Terminal 1 facility on the Columbia River.
BIMCO outlines shipping industry outlook for 2017
The international shipping organization said 2017 will be another die-hard year of competition and it projects the container shipping segment to see a net fleet growth of around 3.1 percent in 2017 compared with an estimated 1.1 percent in 2016.
SM Group to operate Hanjin business separately from Korea Line
A source told American Shipper that Korea Line’s parent company, Samra Midas Group (SM Group), will create a separate company called SM Lines that will operate the liner business between the Far East and United States.