USA Truck hires vice president, revenue operations, Day & Ross appoints president and CEO, NxtPort names new chief technology officer, and ECS Group nominates CEO.
Report: U.S. export control reform needs ‘serious review’
Washington, D.C.-based think tank Institute for Science and International Security warns some export control reform actions could make it easier for pariah nations or terrorist groups to obtain sensitive U.S. technologies for weapons.
Rickmers ‘forced’ to file for insolvency
The management board of HSH Nordbank AG has “surprisingly denied” approval of the term sheet for Rickmers Group’s planned financial restructuring, according to a statement from the company.
Jobs & Trade Competitiveness Act introduced in House
Representatives in the House Ways and Means Trade Subcommittee have introduced a bill aimed at improving U.S. competitiveness by reforming trade enforcement, encouraging domestic job growth and discouraging outsourcing.
Japan’s ‘Big 3’ to operate as Ocean Network Express
The Ocean Network Express, comprised of Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha, is scheduled to commence April 1, 2018.
Maryland Port Administration buys 70 acres of land
The 70 acres of property at the Point Breeze Business Center is expected to be used as a container storage location, but can also be used for automobiles and roll-on/roll-off storage, the Maryland Port Administration said.
Commerce: U.S. GDP grows 1.2% in Q1 2017
Meanwhile, Commerce Department’s Census Bureau reported that new orders for manufactured durable goods in April decreased 0.7 percent to $231.2 billion after four consecutive monthly increases.
Danaos reports lower Q1 profits, revenues
The Athens-based shipowner attributed a sharp decline in earnings primarily to the impact of ocean carrier Hanjin Shipping’s bankruptcy, which resulted in $22 million in lost operating revenue, as well as a weaker charter market for containerships.
Lawmakers seek fairer trade for Mexican sugar imports
A bipartisan group of 10 U.S. senators is urging Commerce Secretary Wilbur Ross to seek “fair competition” for U.S. imports of Mexican sugar, “rather than restricting commerce and increasing prices.”
Rosen to lead USDOT Regulatory Reform Task Force
U.S. Transportation Department’s Deputy Secretary Jeffrey Rosen has been tapped by Secretary Elaine Chao to head the department’s Regulatory Reform Task Force.