The Silicon Valley-based freight forwarder will charter its own freighter flight from Hong Kong to Los Angeles this weekend.

The Diesel Emission Reduction Act funds go toward helping Long Beach port tenants Stevedoring Services of America, Foss Maritime and Curtin Maritime retrofit equipment, according to the Southern California port.

Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).

The value of shipments into U.S. Foreign Trade Zones (FTZs) totaled more than $610 billion last year, down from $660 billion the previous year, according to the U.S. Foreign-Trade Zones Board’s annual report.

The world’s largest container carrier has appointed Omar Shamsie to serve as the new president of Maersk Line in North America, effective Dec. 1.

The Trump administration has a 70-page memo of infrastructure principles and is slowly working with Congress to create a feasible funding package, multiple sources told The Hill.

Trade ministers from the U.S., Canada and Mexico will not be present for the fifth round of NAFTA negotiations, leaving working-level teams to handle the details of the remaining chapters of the trade deal.

“The NAFTA renegotiation is a disaster,” said longtime Washington trade attorney Jon Fee to attendees at the Apparel Importers Trade and Transportation Conference in New York this week, “I think trade policy is spiraling into darkness.”

The World Container Index (WCI), a composite of container freight rates on eight major routes to/from the United States, Europe and Asia, is also down 16.2 percent from the equivalent period in 2016, according to Drewry.