U.S. President Donald Trump yesterday announced his intention to impose tariffs of 25 percent and 10 percent, respectively, on imports of steel and aluminum, and the reaction in stock markets around the world has been less than favorable.
NEWS FLASH: Trump to authorize ‘Section 232’ tariffs on steel, aluminum next week
President Donald Trump revealed Thursday he will assess 25 percent tariffs on steel and 10 percent tariffs on aluminum “for a long period of time.”
TRAC expands U.S. Gulf Coast chassis fleet
Intermodal equipment provider and chassis pool operator TRAC Intermodal is expanding and improving the quality of its chassis fleet in the region in preparation for an expected surge in U.S. resin exports, the comapny revealed Thursday.
North American freight market ‘increasingly positive’ in January
Shipment volumes for the month slid 1.7 percent from December, but were up 12.5 percent compared with January 2017, while expenditures fell 1.8 percent sequentially, but rose 14.2 percent year-over-year, according to the latest Cass Freight Index Report.
State owners sell HSH Nordbank to private investors
A consortium of private investment firms has agreed to purchase 94.9 percent of HSH Nordbank AG, which was at one time the largest provider of ship financing in the world, for around 1 billion euros (U.S. $1.2 billion).
SimpliShip offers instant freight interface for forwarders
The freight forwarding marketplace technology provider launched a new product, giving forwarders and non-vessel-operating common carriers the ability to offer real-time pricing on their own websites via an application programming interface.
Port of Virginia launches truck reservation system to handle rising volumes
Despite a 3.5 percent decline in January 2018, total throughput at the Port of Virginia so far in fiscal year 2018 is up 4.4 percent compared with the same period a year prior, according to the most recent data from the mid-Atlantic port.
New CTPAT requirements to be rolled out in May or later
U.S. Customs and Border Protection is still working with its Commercial Customs Operations Advisory Committee in finalizing new requirements for the Customs Trade Partnership Against Terrorism.
Seaspan: Second-hand containerships may be more attractive than newbuilds
The containership lessor also said there may be opportunities for consolidation in the fragmented containership chartering business.
CBP advisory committee recommends launch of AD/CVD bond pilot
The “initial formula” for bond calculation is expected to be finalized by late April, according to a document submitted prior to a quarterly meeting of U.S. Customs and Border Protection’s Commercial Operations Advisory Committee.