The United States signed a mutual recognition arrangement on Tuesday with the Dominican Republic that will allow for increased collaboration between the two countries in supply chain security.
Great Lakes iron ore trade declines 17% in November
The strong increase in iron ore shipments from Canadian ports was not enough to offset the sharp decrease in loadings from U.S. ports, which is where the majority of Great Lakes shipments originate.
U.S. takes China aircraft import tax dispute to WTO
The United States has initiated dispute settlement proceedings at the WTO by asking for consultations with China on its rules exempting certain aircraft produced in China from value-added tax.
ALAN, TIA forge strategic partnership
Through this arrangement, the two organizations will work together to identify sources of transportation capacity for humanitarian relief in support of the American Logistics Aid Network’s work to assist survivors of disasters.
COSCO Holdings president resigns
Jiang Lijun, executive director and president of COSCO parent China COSCO Holdings Company Limited, will be replaced by Deputy General Manager Xu Zunwu.
NOL stock stagnant following CMA CGM offer
Shares in Neptune Orient Lines, parent of container carrier APL, fell 0.41 percent yesterday after trading had been temporarily suspended due to an acquisition offer from French ocean carrier CMA CGM.
Executive Moves: XPO Logistics, WCA and ECSA
XPO names new president of supply chain business, while WCA picks new CEO and the European Community Shipowners’s Associations lines up new leadership.
Chinese firm to develop new deep water port in Nova Scotia
Harbor-Port Development Partners has partnered with China Communications Construction Company to plan, design and build a container terminal in Sydney, Nova Scotia contingent on a feasibility study of the project.
Obama signs highway bill, triggering CSA reboot
Enactment of the five-year $305 billion Fixing America’s Surface Transportation (FAST) Act caused the Federal Motor Carrier Safety Administration to shut off public access to its CSA safety monitoring system until it can be evaluated and improved.
North American railway volumes down 1.8% in 2015
Major North American railroad stocks have fallen dramatically in the last few weeks as volumes continued to slump in November, driven primarily by a massive drop off in coal and petroleum products.