Inaugurated on Sunday, the Iranian port in the Gulf of Oman will look to connect the Middle East to Central and East Asia, according to multiple media reports.
Amazon launches online marketplace in Australia
With a quiet launch and only a few hiccups, the e-commerce giant said it had its highest first-day orders in launch history, according to local newspaper the Sydney Morning Herald.
New industrial facility to be built near Port of Wilmington
A 300,000-square-foot warehousing and logistics facility will be constructed on Wilmington port property by Florida-based company Chesterfield, the port confirmed.
FTR: Class 8 orders continue to grow in November
Net orders for North American Class 8 trucks totaled 32,400 units in November 2017, up 71 percent from the previous year, according to freight transportation analyst FTR.
Great Lakes iron ore shipments inch up in November
Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 5.7 million tons in November 2017, a 1.1 percent boost from the same month last year, according to the Lake Carriers’ Association (LCA).
Executive Moves: Massport and Simplified Logistics
Massachusetts Port Authority hires new deputy port director of business development; and Simplified Logistics hires chief financial officer and executive vice president of strategy, and executive vice president of sales.
CBP envisions ‘four-lane road’ ahead
While U.S. Customs and Border Protection’s basic responsibilities remain unchanged, agency leadership says CBP will focus on secure trade lanes, next-generation facilitation, intelligent enforcement and resource optimization in the coming years.
Canada strengthens ties with China, but trade deal remains uncertain
Progress on a potential China-Canada trade agreement appears to slowly be inching forward, with Canadian Prime Minister Justin Trudeau saying a deal with China is a “big thing” and that Canadians understand how vital it is to “get it right.”
U.S. trade deficit rises 8.6% in October
The U.S. trade deficit totaled $48.7 billion in October, an 8.6 percent increase from September, according to the U.S. Commerce Department.
Port of LA looking to attract investors via new purpose-built website
A new corporate-style investor website, portoflabonds.org, was publicly revealed by the Port of Los Angeles Dec. 4, containing more than 2,000 pages of data and documents that provide extensive financial information on the Southern California seaport.