The Dubai-based port terminal operator will establish the Democratic Republic of the Congo’s first deep-water port, with the first phase of construction starting this year and taking about 24 months to complete.

The port terminal operating arm of Chinese state-run conglomerate COSCO Shipping reported a net profit of $512.45 million for the full year in 2017, a 183.2 percent increase from the prior year.

The CMA CGM subsidiary will use space on an existing loop between Asia, Mexico and the West Coast of South America, effective April 6.

Fleets have reacted to concerns about the driver shortage by raising pay, improving benefit packages, and offering other enticements to recruit and retain drivers, said Bob Costello, American Trucking Associations’ chief economist.

The United States and South Korea agreed to the provision as part of their modifications of the U.S.-Korea Free Trade Agreement, which originally entered force on March 15, 2012.

The International Trade Commission (ITC) will conduct investigations under Section 337 of the Tariff Act of 1930 on whether imports of those goods violate U.S. intellectual property law.

Teamsters employed with the East Moline, Ill.-based less-than-truckload carrier voted to ratify a new contract that will remain in place through March 5, 2021.

Steel and aluminum imports from countries with which the United States has a free trade agreement with are likely not exempt from tariffs ordered earlier this month, according to Lou Abad, principal for KPMG Trade and Customs Services.

The Taiwanese ocean carrier turned a profit in 2017 amid significant increases in consolidated revenues and volumes as it encountered tailwinds from a recovering shipping market.

The United States’ request for World Trade Organization consultations over allegedly unfair Chinese intellectual property policies coincided with tariffs proposed Thursday by President Donald Trump.