The Port of Savannah’s Garden City Terminal’s capacity will be increased thanks to rail and gate expansion projects approved by the Georgia Ports Authority (GPA).
Trade Trends: The Chinese dilemma
Ironically, China could step in to resurrect the Trans-Pacific Partnership (TPP), which could result in a deal that somewhat contradicts its original purpose of weakening the country’s influence in the region.
Secretary Chao highlights benefits of Drone Integration Pilot Program
In an op-ed piece for The Hill last week, U.S. Transportation Secretary Elaine Chao touted the benefits of safe drone technology regulations to come with the administration’s three-year pilot program for expanded use of unmanned aircraft systems.
Hutchison Ports to operate Ahmed Bin Rashid Port
The Hong Kong-based port terminal operator will take over operations at the four-berth port at Umm Al Quwain in the United Arab Emirates, Hutchison Ports said in a statement Friday.
WWL profits more than double in Q3 2017
Vehicle transport specialist Wallenius Wilhelmsen Logistics (WWL) saw improvement in ocean volumes and cargo mix, as earnings jumped 120 percent year-over-year to $55 million on revenues of $962 million in the third quarter of 2017.
Lloyd’s Register co-developing cybersecurity standards for ships
Co-developer Naval Dome says that its system is the first multi-layer cyber defense solution developed specifically for maritime applications.
UPS joins Blockchain in Trucking Alliance forum
The parcel carrier and third-party logistics provider hopes to utilize blockchain technology in its customs brokerage businesses for added security and efficiency, the company said in a statement.
Expeditors boosts earnings 12% in Q3 2017
The Seattle-based global logistics company posted net earnings of $120.6 million for the third quarter of 2017 amid higher revenues and volumes.
WTO forecasts ‘moderate’ trade growth at year’s end
While trade volumes are expected to continue increasing through the rest of the year, the World Trade Organization (WTO) forecasts that the pace of this growth will be slower than at the start of 2017.
CBP’s automated in-bond filings shift into gear
Many truckers remain unaware that U.S. Customs and Border Protection (CBP) will start requiring automated in-bond filings in late November.