Trade associations from the U.S. Chamber of Commerce to the National Retail Federation and even the International Monetary Fund have joined the chorus of voices warning against the imposition of widespread tariffs on steel and aluminum imports.
Some LA/Long Beach terminals cut hours
With low post-Lunar New Year volumes resulting in skipped sailings on transpacific services, some terminals at the Southern California seaports of Los Angeles and Long Beach are closing during daytime hours.
DP World acquires Cosmos Agencia Maritima for $315.7m
The acquisition of Peruvian logistics provider Cosmos Agencia Maritima (CAM) extends DP World’s reach in Latin America and continues the firm’s diversification into third-party logistics offerings.
Freightex rebrands as Coyote Logistics
European over-the-road transportation provider Freightex has been folded into Coyote Logistics, as parent UPS expands its services across the continent.
Knight-Swift back in the M&A game
Now by far the largest truckload carrier in the United States, Knight-Swift Transportation Holdings has made its first acquisition since its merger in fall 2017, purchasing Richmond, Va.-based Abilene Motor Express for an undisclosed sum.
Canada requests WTO dispute panel in softwood case against U.S.
Canada on Thursday requested that the World Trade Organization (WTO) form a dispute panel to adjudicate its challenge over U.S. antidumping and countervailing duties on Canadian softwood lumber, a Canadian government spokesperson confirmed Friday.
MPC scoops up up 6 more feeder ships
Olso, Norway-based feeder specialist MPC Container Ships has agreed to acquire five vessels from Simatech ranging in size from 1,201 TEUs to 1,440 TEUs and another 1,350-TEU vessel for a total purchase price of $48.5 million in cash.
BIS issues rule for requesting steel, aluminum tariff exclusions
The interim final rule from the Bureau of Industry and Security (BIS) sets forth the guidelines that entities and individuals should follow in requesting product exclusions from U.S. tariffs on steel and aluminum imports scheduled to take effect Friday.
Port of Portland revs auto exports
By handling of more than 87,000 Ford vehicles in 2017, the Port of Portland, Ore., maintained its top position for West Coast auto exports.
2M alters Asia-Europe network to ‘improve reliability’
According to the members of the 2M Alliance vessel sharing agreement, Maersk Line and MSC, a reduction in the number of port calls in its services connecting Asia with Europe will give the carriers more buffer time to adjust to weather or other delays.