Pricing on routes between Shanghai and the rest of the world fell another 4.3 percent last week, continuing a steady decline that began in early February, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
North American freight market growth rolls on in February
Shipment volumes for the month jumped 5.9 percent from January and 11.4 percent compared with February 2017, while expenditures grew 5.2 percent sequentially and 14.3 percent year-over-year, according to the latest Cass Freight Index Report.
CPSC to hold hearing on Internet of Things regulations
The Consumer Product Safety Commission will host stakeholders in May to examine issues related to products that connect to the Internet, including newly posed ‘non-traditional’ safety matters that could fall in the commission’s purview.
U.S. sets dumping duties for Chinese box staples
The U.S. International Trade Commission is scheduled to make its final decision on this petition for the antidumping duty investigation, filed by North American Steel & Wire/ISM Enterprises of Pennsylvania, by May 7.
Pennsylvania man indicted for illegal gun part exports
Ross Roggio of Stroudsburg, Pa., and his firm Roggio Consulting Co. were charged with conspiracy to illegally export firearm parts and tools to Iraq for manufacturing M4 rifles.
EU launches safeguard investigation into steel imports
The review was characterized as a response to indications that imports have been increasing over the past two years, a trend the European Union said could be exacerbated by recently ordered U.S. steel tariffs.
U.S., South Korea close KORUS talks
The U.S. and South Korea have agreed in principle to a set of amendments on the six-year-old deal, South Korea’s trade minister said Monday.
CPSC seeks comments on age guidelines for toys
The Consumer Product Safety Commission has requested comments on draft guidelines for determining the age appropriateness of toys be sent before June 11.
APL launches new intra-Asia loop
The ocean carrier introduced a new loop connecting Hong Kong, China and Vietnam, deploying one 1,200-TEU vessel.
Omnibus spending bill benefits ports, AAPA says
The sweeping $1.3 trillion omnibus spending package signed by President Trump Friday, which contains funding for various landside and waterside projects, tripled the budget for the Transportation Investments Generating Economic Recovery (TIGER) program.