The ocean carrier will begin purchasing lots on the joint INDAMEX/IEX loop operated by CMA CGM, Hapag-Lloyd, NYK and OOCL on March 4.
FTR: U.S. Trailer orders decline again in January
United States truck trailer net orders totaled 17,900 units for the month, a 30 percent decrease from December and 37 percent decline from January 2015.
Amazon raises free shipping minimum to $49
The e-commerce giant has been pushing customers to join its Prime membership service, as well as decrease its own shipping costs, which ballooned 37 percent to $4.17 billion in fourth quarter 2015.
Executive Moves: DVB Bank and DNV GL
DVB Bank appoints co-division head of its global shipping management, while DNV GL’s group executive VP announces retirement.
U.S. antidumping investigations for Chinese truck tires
The Commerce Department has started antidumping and countervailing duty investigations into imports of pneumatic truck and bus tires from China.
Pa. importer pays $3 million to settle duty evasion case
Three Pennsylvania importers and their owners have agreed to pay $3 million to settle allegations that they attempted to defraud the government out of duties on imports subject to antidumping.
Schneider opens warehouse in Port Reading, N.J.
The new 147,500-square-foot warehouse is conveniently located near the Port of New York and New Jersey, the New Jersey Turnpike, the Newark International Airport, and other key facilities, such as FedEx and UPS.
Ports of Auckland profits jump in first half fiscal 2016
The Ports of Auckland’s net profits surged 9.5 percent year-over-year to NZD$31.6 million for the six months ended Dec. 31, 2015.
APL parent NOL reports smaller Q4 loss amid sale to CMA CGM
Ocean carrier APL, a subsidiary of soon-to-be-acquired Neptune Orient Lines, said lower fuel costs and other cost savings were not enough to offset a reduction in volumes and base freight rates.
Port of Oakland agrees to deal with OHT
Outer Harbor Terminals LLC, the joint venture between Ports America and TIL Group that is ceasing operations at the end of March, will pay rent, utilities and clean-up costs to the Port of Oakland as part of the lease termination agreement.