Container volumes from Asia to the United States will grow 6.8 percent in 2018 if there is not a trade war, according to a projection from Drewry Senior Economist Mario O. Moreno.
Trump asks Congress for $1.5t infrastructure plan
The White House released a list of objectives for a new infrastructure investment bill that reiterated President Trump’s objective of streamlining the project permitting process, but was scant on details of how the plan would be funded.
Commerce puts Vietnamese sack imports under scope
The Commerce Department will investigate whether laminated woven sack imports from Vietnam are being dumped in the United States or if producers in the Southeast Asian nation are receiving unfair subsidies.
FIATA homes in on electronic bills of lading
The international freight forwarding organization is working with paperless trade solutions provider essDOCS to digitize bills of lading and house bills of lading.
MPC Container Ships makes waves in 2017
The containership owner and operator, which was established in 2017, closed out the year with a fleet of 41 vessels, 29 of which had been taken over by the end of the year, and has no plans on letting up.
ATF proposes to narrow bump stock registrations
The Alcohol, Tobacco, Firearms, and Explosives Bureau proposed a rulemaking that would classify bump stocks as machineguns, and narrow bump stock registrations to importers, manufacturers and gunmakers.
Executive Moves: TOTE and Global Shippers’ Forum
TOTE Inc.’s president and chief executive officer announces retirement, as well as the Global Shippers’ Forum’s secretary general.
Executive Moves: Norfolk Southern, Port of New Orleans and CSAFE Global
Norfolk Southern (NS) promotes vice president strategic planning and vice president industrial products; Port of New Orleans adds to board of commissioners; and CSAFE Global names new CEO.
Port of Corpus Christi strives for more funding as business booms
The Texas port has pushed for more funding for its channel project as the booming energy industry in the area continues to grow.
Commentary: Container rate decline just ‘normal seasonality’?
Some say the current drop off in ocean freight rates is indicative of weakening fundamentals caused by persistent overcapacity, while others argue it’s just part of typical seasonal demand swings, but it’s likely a bit of both.