The American Trucking Associations (ATA) says it fully endorses three basic principles of tax reform: lowering the tax rates on business income; broadening the tax base; and simplifying the tax code.
AAPA: Tax reform must maintain existing tax-exempt financing tools
The American Association of Port Authorities (AAPA) says it is concerned over the House-passed tax bills, citing provisions that it says undermine U.S. seaports via the elimination of several bonds and tax credits.
UPS snatches up Sandler & Travis Trade Advisory Services
The Atlanta-based parcel giant has acquired Sandler & Travis Trade Advisory Services, the world’s largest dedicated global trade compliance management firm.
VCs: Logistics tech investment boom still just getting started
Despite significant investment in supply chain and logistics technology firms, venture capitalists say a divide remains between investors and the industry when it comes to understanding how shipping works, what needs fixing and where it can be disrupted.
Brokers seek ‘soft compliance’ for seafood import monitoring
U.S. customs brokers are concerned that the industry will need more than the next four weeks to comply with new entry data requirements for the National Oceanic and Atmospheric Administration’s Seafood Import Monitoring Program (SIMP).
Postal Regulatory Commission looks to up USPS prices
The Postal Regulatory Commission issued a notice of proposed rulemaking on Friday, calling for U.S. Postal Service price increases beyond the rate of inflation.
NYSHEX gets FMC approval on governance, contracts
The New York Shipping Exchange (NYSHEX), a platform for forward ocean contracts between shippers and carriers, has received clearance from the U.S. Federal Maritime Commission (FMC) to have two parties from each side represented on its nine-member board.
DP World takes 100% stake in Santos terminal
The Dubai-based port terminal operator acquired an additional 66.67 percent stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil, giving it a 100 percent stake in the terminal, which will be rebranded to DP World Santos.
PhilaPort buys two more new super post-Panamax cranes
The purchase, which is the second for PhilaPort in the past year, brings the total number of new cranes purchased for the Packer Avenue Marine Terminal in the past year to four.
General Motors to launch autonomous robo-taxi
The car manufacturer plans to produce self-driving cars on a large-scale and distribute them in metropolitan cities, according to a report from Reuters news service.