The United Nations Security Council designated 27 vessels for port bans, de-flagging, or asset freezes, and prohibited transactions with several shipping companies that have links to North Korea.
NAFTA trade growth accelerates in January
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) rose 9.9 percent year-over-year to $87.96 billion for the month, according to the Bureau of Transportation Statistics (BTS).
U.S. airlines seek expanded access to Cuba
Several United States airlines awarded flights to Cuba in 2016 have since returned them, and now the Department of Transportation is seeking to reallocate those flights to other airlines that have applied.
China slaps tariffs on $3b worth of U.S. goods
China on Monday imposed duties on 128 different products from the United States in response to global tariffs issued by the U.S. on steel and aluminum in March.
Port of NY/NJ container volumes on pace to surpass record 2017
The largest port on the U.S. East Coast set yet another monthly record in February, handling 521,921 TEUs after hitting a new January high a month ago, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ).
USTR releases annual trade report
The U.S. Trade Representative released its 504-page 2018 National Trade Estimate on Foreign Trade Barriers report, documenting foreign trade and investment barriers over the past year.
FRA taking ‘proactive approach’ to PTC implementation
The Federal Railroad Administration (FRA) has released a status report detailing progress by major freight and passenger railroads in the federally mandated implementation of positive train control (PTC) systems.
HMM plans to become one of the ‘super carriers’ by 2020
South Korea’s largest ocean carrier revealed its planning to secure ultra-large containerships, expand service coverage, enhance cost-competitiveness and prepare for new environmental regulations.
Kerry Logistics delivers earnings growth in 2017
Hong Kong-based third-party provider Kerry Logistics Network’s full year profits jumped 13 percent to $2.12 billion Hong Kong (U.S. $269.6 million) as revenues rose 28 percent from the previous year.
Abandon Shyp! Ambitious growth plans sink ‘on-demand’ shipping startup
Just four years after its initial launch, on-demand shipping startup Shyp shuttered operations earlier this week, becoming the latest in a string of cautionary tales for new entrants into the shipping and logistics space.