Spot container rates from Shanghai to Europe declined 6.5 percent since last Friday, while rates from Shanghai to the Mediterranean fell 6.2 percent, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.

Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $4.2 million on revenues of $521.6 million for the quarter, according to the newly merged firm’s most recent financial statements.

The South Korean ocean carrier said the loss was fueled by a 479.5 billion South Korean won loss in book value of 10 vessels that were sold to Korea Shipping and Maritime Transportation back in March.

The ocean carrier has announced three new services between South China and the Philippines that will commence sailing by the beginning of December.

The index, a composite of container freight rates on eight major routes to/from the U.S., Europe and Asia, is also down 9 percent compared with the same period in 2016, according to London-based maritime consultant Drewry.

The Commerce Department said it will begin to collect countervailing duties on imports of biodiesel from Argentina and Indonesia based on findings that the two countries provide subsidies to these producers and exporters.

The 669,218 TEUs handled by Long Beach port terminals last month resulted in the busiest October ever for container traffic at the Southern California port.

Based in New South Wales, Australia, Transitainer Global, which has been in the U.S.-Australia trade since 1986, will see its U.S. headquarters in Long Beach, Calif. taken over by New York-based logistics provider OL International.

The Gulf Coast port also saw increases in breakbulk and the return of roll-on/roll-off service for the first time since 2005, Port of New Orleans CEO Brandy D. Christian said at the annual State of the Port address Thursday.

FedEx Express is making a firm purchase of 30 ATR 72-600F aircraft, with options to buy up to 20 additional ATR 72-600Fs.