The port development arm of Chinese shipping conglomerate the COSCO Group has inked an agreement to acquire the remaining 76 percent of the Belgian port terminal it does not already own from APM Terminals and Shanghai International Port Group (SIPG).

The U.S. exported 104,488 metric tons of beef in July, a 5 percent increase from 12 months prior, while pork exports reached 173,675 metric tons and lamb exports totaled 593 metric tons, down 4 percent and 13 percent year-over-year, respectively.

The Danish shipping conglomerate has partnered with insurers, brokers, consultants and blockchain platform providers to build a real-time insurance application based on distributed ledger technology.

President Trump has nominated former Iowa Department of Transportation director Paul Trombino III to lead the Federal Highway Administration.

The National Association of Foreign-Trade Zones (NAFTZ) has asked Customs and Border Protection to delay the planned Sept. 16 transition of the Application for Foreign-Trade Zone Admission and/or Status Designation (e214) to the ACE.

Basel, Switzerland-based Panalpina completed its acquisition of Kenyan freight forwarder Air Connection last week.

The U.S. Department of Homeland Security (DHS) on Friday approved a seven-day waiver of Jones Act rules to expand the options for delivering fuel to states and territories impacted by the recent hurricanes to strike the Texas Gulf coast and Florida.

As of 11:00 a.m. eastern standard time, Hurricane Irma was 270 miles east of Caibarien, Cuba with maximum sustained winds of 150 miles per hour, according to the National Hurricane Center.

The Shanghai Containerized Freight Index fell 3.5 percent just since last Friday, as rates from Shanghai to Europe, the Mediterranean and the United States all recorded weekly declines.