The rate is the fastest since the second quarter of 2014, but analysts warn trade tensions could weigh down growth in the near future.
OOCL reports increase in volume, rates
Shareholders agree to COSCO acquisition of parent company.
G&W posts double-digit revenues growth
CEO says outlook “promising, thanks to growing customer demand for rail shipments across most commodity groups, particularly in North America.”
EU rejects U.K. customs duty collection proposal
The European Union said it will not allow the United Kingdom to continue benefiting from its customs procedures and duty collection once it exits the EU customs union.
NAFTA deal in principle by September possible
U.S. Trade Representative Robert Lighthizer says concluding the renegotiation by the end of August would allow NAFTA 2.0 to be in place before Mexico swears in new president.
Manufacturers hail passage of Senate tariff bill
The House now must pass the new version of the legislation before it goes to President Trump for approval.
Port of New York and New Jersey has record high
Raising of Bayonne Bridge helped drive increase in container volumes.
Kirby gets earnings boost from recent acquisitions
The tank barge operator posted consolidated revenues jump of nearly 70 percent.
APL, FESCO offering Japan-Russia service
Cargoes may be moved to Europe via the Trans-Siberian Railway.
EC approves Germany’s rail emissions program
The German government also will promote the shift of freight traffic from road to rail.