Although Hillary Clinton and Donald Trump have both stated they will not support the Trans-Pacific Partnership agreement, U.S. Trade Representative Michael Froman said the U.S. economy will be harmed if Congress rejects the free trade deal.
Executive Moves: TIA, DSV, Chapman Freeborn and AAPA
The Transportation Intermediaries Association appoints VP of education and DSV Road North America names president, while Chapman Freeborn selects chief commercial officer and the American Association of Port Authorities installs 2016-2017 chairman.
Analysts anticipate further ocean carrier consolidation
The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to come.
West Coast longshoremen, employers discuss contract extension
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
DOT extends comment period for rulemaking on speed limiting devices
Interested parties now have until Dec. 7 to submit comments on whether engine governors should be installed on all newly built commercial vehicles with a gross vehicle weight rating above 26,000 pounds.
WTO says expanded ITA is now mostly implemented
The World Trade Organization on Tuesday said most of the participating countries in the newly expanded Information Technology Agreement have implemented their tariff commitments under the deal.
China, Russia question U.S., EU antidumping measures
During a recent World Trade Organization’s Committee on Anti-Dumping Practices meeting, China and Russia questioned U.S. and EU measures for calculating dumping margins on their steel products.
USDA proposes allowing Colombian avocado imports
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has proposed updating its regulations to allow the import of Hass avocados from Colombia into the United States.
IAG Cargo to launch new London-U.S. routes
The all-cargo airline will commence a four-times-weekly service between London Gatwick Airport and Fort Lauderdale, Fla., as well as a three-times-weekly route from Gatwick to Oakland, Calif., starting in March 2017, the company said in a statement.
Maersk Line reports second straight quarterly loss in Q3
The A.P. Møller-Maersk conglomerate, which includes Maersk Line, APM Terminals, and energy related divisions like Maersk Oil, reported an underlying profit of $426 million in the third quarter of 2016, a 35.6 percent decline from third quarter 2015.