Meanwhile, the Port of Los Angeles signed a partnership with the U.S. Department of Commerce and the Center for Global Supply Chain Management to advance the use of technology at ports in order to make them more globally competitive.
SCFI surges 9.8 percent
On the Shanghai to Northwest Europe trade, rates increased 8 percent since two weeks ago, from $699 per TEU to $755 per TEU, while on the Shanghai to Mediterranean trade, rates slipped 3.1 percent, from $583 per TEU to $565 per TEU.
Tradepoint Atlantic signs real estate deal with Atlantic Forest Products
Atlantic Forest Products, a wholesale distributor of building materials, has signed a long-term lease at Tradepoint Atlantic, a 3,100-acre multimodal industrial site in Baltimore.
FedEx Freight rolls out new CNG fleet
The FedEx Corp. less-than-truckload subsidiary has purchased 100 tractors powered by compressed natural gas, and tapped Clean Energy Fuel Corp. to design, build and maintain the unit’s first CNG fueling station in Oklahoma City.
XPO inaugurates e-commerce DC for Sarenza in France
The French President Francois Hollande toured the new distribution center and said it was an example of France’s innovation in the logistics arena.
K+N lands Belcorp contract
The Swiss-based third-party logistics provider will handle freight forwarding for cosmetics maker Belcorp in Columbia.
U.S. lifts more trade sanctions against Cuba
The U.S. government has announced another round of amendments to the Cuban Assets Control Regulations and Export Administration Regulations, further eliminating many long-held U.S. trade restrictions against the Caribbean island nation.
U.S. seeks to end China’s export restraints on 11 raw materials
The United States asked the World Trade Organization to set up a dispute settlement panel to examine and put a final end to China’s export restraints on antimony, chromium, cobalt, copper, graphite, indium, lead, magnesia, talc, tantalum and tin.
Port of Liverpool gains HGV refueling station
The refueling station, scheduled for completion in early 2017, will be located at the main entrance of the Royal Seaforth Container Terminal and adjacent to the new Liverpool2 deep-water container terminal, which will have its formal opening next month.