FASA

The United States on Friday asked the Peruvian government for the first time under PTPA to verify that a 2015 timber shipment complied with the South American country’s forestry laws.

Both the Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index tumbled last week, continuing a worrisome trend for ocean carriers.

Consolidation among ocean carriers is needed if the industry is to right itself, and even that might not be enough to save some companies, according to a new study from consulting firm AlixPartners.

The Trade Facilitation and Trade Enforcement Act, the first reauthorization of Customs and Border Protection since the creation of the Department of Homeland Security in 2003, streamlines or makes permanent many CBP trade programs.

The London-based shipping research and consulting firm has begun offering a system to aid shippers’ ocean capacity sourcing events by using historical benchmarking rates.

A handful of U.S. senators and representatives introduced legislation Thursday that will make permanent a track maintenance tax credit for the nation’s short line railroads.

The United States economy fared slightly better in the fourth quarter than initially reported, according to the “second estimate” from the Department of Commerce’s Bureau of Economic Statistics.

The Florida East Coast Railway’s online tool is designed to simplify booking between certain destinations in the Southeast.

The freight airline created from the merger of British Airways World Cargo and Iberia Cargo in April 2011 posted $1.12 billion in revenues on flat volumes as capacity grew 3 percent, according to a statement from the company.

Crude oil shipments in 2015 accounted for 1.4 percent of all carloads originating in the United States, down from 1.6 percent in 2014, according to updated data from the Association of American Railroads.