The total value of U.S. cross-border trade with Canada and Mexico increased for the 19th straight month in May.
MOL issuing ‘green bonds’
Proceeds will be used to fund projects such as ballast water treatment systems and scrubbers.
Trade case plaintiffs mark drawback provisions
A supplement to a court filing calling for an interim final rule specifies the drawback processing language the eight plaintiffs want finalized.
A.P. Møller – Maersk slashes earnings forecast
The Danish shipping conglomerate cited the freight rate outlook for the rest of the year and high bunker fuel prices.
COSCO plans to extend growth with OOCL
As separate brands the combined companies will complement each other but provide economies of scale.
BNSF’s Q2 earnings chug ahead nearly 37 percent
The Class I railway benefited from increased volumes, higher average revenue per car/unit, a tight trucking market and a lower effective income tax rate.
Positive momentum in spot rates continues
The WCI surged 13.5 percent last week, while the SCFI grew 3.1 percent compared with the previous week.
Global box volumes sustain slow, steady growth
Ocean carriers transported just under 14 million TEUs in June, a 1.3 percent increase from the same month a year ago.
Unions oppose single-pilot cargo plane study
Alliance wants to ground FAA reauthorization bill provision it calls “dangerous” and “reckless.”
Trade deficit expands after three-month decline
The United States’ deficit in goods and services trade climbed 7.4 percent in June after narrowing to its lowest level in 18 months in May.