The Adam Smith Project recently sat down with Brenda Smith of U.S. Customs and Border Protection’s Office of International Trade to review the agency’s progress on implementing the Trade Facilitation and Trade Enforcement Act.
OOCL parent turns profit in 2017
Orient Overseas International Ltd., the parent company of container carrier OOCL, reported a profit attributable to equity holders of $138 million in 2017, as OOCL experienced “tremendous” growth in both European and U.S.-bound trades.
NEWS FLASH: ILA, USMX to resume contract talks
The union and employers revealed Friday they will resume master contract discussions, saying that issues and concerns regarding automation, which caused the talks to come to a halt in December, have been “adequately addressed.”
Trump signs off on steep steel, aluminum tariffs
Added tariffs of 25 percent for steel and 10 percent for aluminum will hit a range of products at 12:01 a.m. March 23, as Trump cites lack of multilateral engagement as one reason for the tariffs.
APL CEO: New transpacific loop could attract air shippers
The new Eagle Express X (EEX) service, scheduled to launch in July, will offer 11-day transits from Shanghai to Los Angeles, which BlueWater Reporting shows is faster than any other liner service.
GE expands pilot port data project to Long Beach
Building on a successful trial run in the Port of Los Angeles, GE Transportation is launching a second pilot at the Port of Long Beach that seeks to digitize and harmonize disparate data flows to increase visibility, efficiency and cargo velocity.
U.S. tariffs on steel, aluminum to enter force in 15 days
President Donald Trump signed proclamations late Thursday afternoon for global tariffs of 25 percent on steel and 10 percent on aluminum to take effect March 23.
Port of NY/NJ box growth continues in January
The largest port on the U.S. East Coast handled 585,864 TEUs during the month, the most of any January in port history, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ).
AAR: U.S. rail traffic picks up steam in February
Total U.S. freight rail volumes grew 3.3 percent for the month following a 0.1 percent uptick in January, according to the latest data from the Association of American Railroads (AAR).
IATA: Airfreight volumes flying high in January
Global air cargo demand soared 8 percent for the month, but recently announced U.S. import tariffs on steel and aluminum could bring volumes back down to earth, according to the International Air Transport Association (IATA).