The World Trade Organization on Wednesday announced the expansion of the Information Technology Agreement (ITA), which promises to phase out hundreds of tariffs on information technology exports worldwide.
Marseille Fos Port unveils new fully-automated information system
The French Mediterranean port launched Neptune Port, a fully-automated information system developed over the course of three years that is designed to simplify administrative procedures for vessels that call the port.
Port of Wilmington, Del. receives first breakbulk shipment of Chilean winter fruit
The Mid-Atlantic seaport received the first breakbulk shipment of Chilean winter fruit to arrive in the United States for the sixth consecutive season.
Customs reauthorization bill delayed until next year
The Customs reauthorization, which passed in the House of Representatives last week, has stalled in the Senate due to a dispute over a last-minute rider regarding how to tax Internet sales that has stirred up strong opposition.
CMA CGM dissolves Delmas brand
Delmas, which was acquired by the CMA CGM Group in 2006, will officially operate under the CMA CGM name effective March 1, 2016.
Israeli government fines Ashdod Port for sulfur spill
Israel’s Ministry of Environmental Protection (MoEP) has imposed a fine of $600,000 on the Mediterranean seaport for marine pollution infractions.
North American freight volumes beat expectations in November
Shipment volumes and expenditures both slowed from the previous month and the same 2014 period, but were still “stronger than expected,” according to the latest Cass Freight Index Report.
NRF: 90% of Shoppers Still Working Through Holiday List
Though millions of people got a jump start on holiday shopping this year, millions more still have a lengthy list to finalize. According to the National Retail Federation’s final consumer holiday spending survey of the season, the average holiday shopper has finished 53.5% of his or her shopping, similar to the 52.9% seen this time […]
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Prada Hits Record Low After Missing Forecast
Prada SpA has some serious woes. Shares of the Italian luxury goods hit a record low in Hong Kong trading, dropping 6.4% after it posted a 38% plunge in Q3 profits, missing analyst estimates. Slumping sales due to depressed economic growth sales in Greater China was a major factor. Prada reported Tuesday net income fell […]
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CP maintains pressure on Norfolk Southern to sell
A potential proxy fight is looming as the two companies trade counter arguments about whether Canadian Pacific’s latest offer to takeover the Norfolk, Va.-based Class I railway would win U.S. government approval.