The U.S. Bureau of Labor Statistics said Tuesday U.S. import prices in November fell 0.3 percent from a month prior, resulting from lower fuel prices, while export prices fell 0.1 percent month-over-month due to a drop in non-agricultural prices.
Maersk says price war may be winding down
Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier’s gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
Commentary: E-commerce in the global supply chain
Tom Cook, managing director of Blue Tiger International, discussed how e-commerce has evolved over time and has provided advice to companies looking to enter into or further develop their e-commerce markets and supply chain requirements.
FedEx CEO: Trump should reform, not reject trade agreements
FedEx Express Chairman and CEO Fred Smith said the President-elect should seek changes in the Trans-Pacific Partnership agreement negotiated among the United States and 11 other countries, rather than outright reject it.
New payment platform targets freight industry
Browser-based multi-purpose payment provider PayAnyBiz said it wants to make inroads in the maritime, trucking and logistics service provider industries to bridge the gap between payment and operations.
Boeing sees growth take off
The commercial aircraft manufacturer reached a $16.6 billion deal with Iran Air for 80 airplanes, and expects demand for airline pilots and technicians across the globe will rise, thanks to expanding economies and airlines taking delivery of new jetlin…
G&W UK to acquire Pentalver for $110m
A Genesee & Wyoming subsidiary in the United Kingdom will purchase APM Terminals subsidiary Pentalver Transport, which operates off-dock container terminals in each of the UK’s four major seaports, as well as an inland terminal and a trucking operation.
PierPass advisory committee continues review of extended gate options
PierPass said it will review the possibility of applying a lower flat fee applying to both day and night moves, with appointment systems to help regulate traffic, or a port-wide “peel-off” program for containers.
Executive Moves: Port Everglades and CEVA
Port Everglades names environmental program manager, while CEVA Logistics hires managing director of its Australia and New Zealand division.
ICTSI launches new box terminal in Melbourne
VICT, which is owned by ICTSI, signed an agreement with the Port of Melbourne Corporation in 2014 for the design, construction, commissioning, operation, maintenance and financing of the port’s new terminal and empty container park at the Webb Dock.