Combined United States carload and intermodal cargo volumes fell 7.9 percent for the month compared with July 2015 and 7.4 percent for the first seven months of 2016, according to data from the Association of American Railroads.
FMC reviews 15 OTI license applications
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
OOCL parent posts $57m loss in first half 2016
C.C. Tung, chairman of OOIL, said the industry faced difficult market conditions in the first half of 2016, and the second half of the year will be difficult if deployed capacity continues to substantially exceed demand.
CBP adopts XML messaging standard for air cargo
The International Air Transport Association said U.S. Customs will use its XML messaging standard for export air shipments.
Walmart agrees to $3b acquisition of Jet.com
The nation’s largest brick and mortar retailer said the deal positions it for expanded e-commerce growth.
South Korea pushes 32 companies to restructure debts
Korea’s Financial Supervisory Service said Sunday it is pushing 32 companies to restructure debts through voluntary workouts or court receivership programs.
U.S. trade deficit widens in June
The U.S. trade deficit in June, which was the largest in 10 months, reached $44.5 billion as import volumes rose.
Port of Oakland experiences busiest month in 10 years
The Californian port said empty container volumes rose in July as shipping lines repositioned boxes to prepare for an anticipated uptick in peak-season cargo.
TAPA: Cargo theft surges in EMEA region
The Transported Asset Protection Association said truck heists are the leading cause of the recent surge in reported cargo crimes in Europe, the Middle East and Asia.
Helen Bentley, former U.S. representative and FMC chairwoman, dies at 92
A one-time newspaper reporter, Helen Delich Bentley was a strong advocate for the maritime industry, particularly the Port of Baltimore.