The Water Resources Development Act would give permission for funding the U.S. Army Corps of Engineers civil works programs, which include dredging ports to enable passage by large vessels and maintaining navigational safety infrastructure.
Commentary: ACE dilemma forces CBP to think big for the future or focus on fixes
U.S. Customs and Border Protection is starting to think about a single North American window with Canada and Mexico for its Automated Commercial Environment system, but customs brokers want the agency to focus on fixing ACE’s present state.
Industry groups press for Ex-Im Bank’s full operation
Exporters that rely on U.S. Export-Import Bank financing to secure large international deals are frustrated that the bank’s board currently cannot approve transactions of more than $10 million without a quorum.
Hotel developer to buy SCPA HQ
Lowe Enterprises has signed a tentative agreement to purchase the five-acre property in downtown Charleston that is currently home to the South Carolina Ports Authority, and says it wants to build a luxury hotel on the site.
Truckload rates fall for sixth straight month in August
Truckload pricing dipped another 2.8 percent for the month compared to August 2015, the sixth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
U.S. Ex-Im Bank reenters Argentina
The United States Export-Import Bank said starting Sept. 21 it will resume offering short- and medium-term financing in Argentina after being closed in the South America market to transactions for the more than 15 years.
Intermodal rate free fall continues in August
Intermodal pricing dropped for 20th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the trend to continue through the rest of the year.
CEVA to manage Vermeer’s European parts distribution
CEVA Logistics said it has secured a three-year contract to manage the European parts distribution for agricultural and industrial equipment manufacturer Vermeer.
Special Coverage: Shippers not using duty drawback may be leaving money on the table
The U.S. government in 2015 issued an estimated $804 million in duty drawbacks, less than 10 percent of the amount available to shippers, but upcoming regulatory changes should attract more shippers to the longtime duty refund program.
Great Lakes iron ore trade ticks up in August
Meanwhile, several ports along the Great Lakes have highlighted their success throughout the 2016 shipping season.