Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases.
WTO: G20 remains hotbed for trade restrictions
The World Trade Organization said that 85 new trade restrictions were implemented by the Group of 20 countries between mid-May and October 2016.
Hapag-Lloyd posts jump in profit despite lower revenues
The German ocean carrier’s third quarter profit surged from 3.2 million euros in the third quarter of 2015 to 8.2 million euros, despite a drop in revenues and freight rates.
Ports of L.A./Long Beach to brief public on Clean Air update
The ports of Los Angeles and Long Beach are taking public feedback on proposals to raise the bar on emissions requirements for port operators and users.
Port of Virginia sets box volume record in October
The mid-Atlantic port handled 238,567 TEUs in October, making it the single-busiest month in the port’s history, while rail and barge volumes also increased from last October.
Synchroteam opens first U.S. office
French-based Synchroteam, which provides cloud-based products for managing mobile workforces such as technicians and inspectors, as well as parts movement and inventory management in Europe, has opened its first U.S. office in Miami Beach.
APIs vs. EDI: Not yet an either/or question
A panel at eyefortransport’s North American Logistics CIO Forum in Austin, Texas explored what is driving forward, and what is holding back API usage in the logistics and transportation world.
UPS uses Deliv investment to learn same-day delivery market
Jeff Jones, vice president of IT at UPS, said the company’s venture capital funding of Palo Alto, Calif.-based Deliv was made to help UPS understand the demand and financial model of same-day delivery.
Great Lakes iron ore trade remains flat in October
Although iron ore shipments from U.S. Great Lakes ports rose 5.4 percent in October from a year prior, loadings from Canadian ports tumbled 33.4 percent.
NWSA lengthens extended gates program
The Northwest Seaport Alliance has lengthened its extended gates program to support the peak shipping season’s strong agricultural exports.