Pioneering Sea-Land executive John R. Pyron was tasked in 1968 with convincing American shippers to use the country’s first commercial container service in the transpacific, and the company and trade never looked back.
Russia to blame for NotPetya?
The White House and the United Kingdom yesterday released similar statements condemning Russia for perpetrating the June 2017 cyber attack that affected operations at Maersk Line, APM Terminals and FedEx, among others.
JD.com raises $2.5b for logistics unit
The Chinese e-commerce giant has entered into agreements with investors – including Hillhouse Capital, Sequoia China, China Merchants Group, and Tencent, among others – for the financing of its supply chain and distribution subsidiary, JD Logistics.
EU trade surplus shrinks in 2017
The European Union’s international trade in goods surplus narrowed 28 percent to 25 billion euros (U.S. $31.1 billion) last year, as a 7.7 percent increase in exports was offset by 8.2 percent import growth.
Container lessors post improved financial results
Textainer Group Holdings Ltd. and CAI International both improved profits in 2017 compared to the prior year.
P&G working with CBP to stop counterfeit goods
U.S. Customs and Border Protection and Procter & Gamble will work to prevent counterfeit P&G products from entering the country, with the company donating testing devices to determine product legitimacy.
Cashmere retailer pays up in customs evasion settlement
Pure Collection, a Harrogate, England-based cashmere apparel retailer, reportedly sent a large portion of the illicitly shipped merchandise to customers in Maine.
Senate Finance clears deputy USTR nominees
The Senate Finance Committee on Thursday approved Deputy U.S. Trade Representative nominees C.J. Mahoney and Dennis Shea.
Hardwood plywood producers seek import investigation
Four members of the Coalition for Fair Trade of Hardwood Plywood have petitioned the Commerce Department to investigate imports of Chinese hardwood plywood with face and back veneers for dumping and countervailable subsidies.
FRA chief counsel defends agency’s attention to PTC amid House scrutiny
Federal Railroad Administration Chief Counsel Juan Reyes on Thursday defended his agency’s enforcement of positive train control, an anti-crash technology railroads are expected to implement by Dec. 31, 2018.