The U.S. Department of Transportation has tentatively selected American Airlines to operate a new daily nonstop service between Los Angeles and Beijing.
FMC reviews 11 OTI license applications
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
Executive Moves: Hill Dickinson and Absolute Worldwide Logistics
Hill Dickinson appoints first ever COO, while Absolute Worldwide Logistics hires managers for new Waycross, Ga. office.
FWI: U.S. cargo thefts decline in value, rise in volume
California had the highest number of reported cargo thefts during the third quarter of 2016, accounting for 38 percent of reported incidents.
Matson reports $25m profit in Q3
Matson said its profits for the third quarter of 2016 were lower than a year prior because volumes on its Hawaii and Alaska trade routes were “lower than expected due to weaker market conditions.”
Canada’s trade deficit soars in September
The nation’s imports in September rose 4.7 percent from August to $47.6 billion, resulting from one large shipment of equipment from South Korea for the Hebron offshore oil project in Newfoundland and Labrador.
Two Pakistani nationals sentenced for pharma smuggling
Two Pakistani nationals were sentenced by a U.S. District Court after pleading guilty to charges of operating Internet sites to illegally sell and ship pharmaceuticals from the Pakistan and the United Kingdom to the United States.
Freight Rate Roundup: Maersk, CMA CGM, Hapag-Lloyd, MOL and NileDutch
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and NileDutch have announced freight rate increases.
U.S. trade deficit hits 19-month low
The U.S. Commerce Department reported Friday the nation’s trade deficit in September fell 9.9 from a month prior amid stronger exports.
DSV integrates North American trucking services
Danish third-party logistics provider DSV said it can grow market share by cross-selling brokerage and asset-based services previously provided under the UTi brand.