FASA

U.S. Rep. Duncan Hunter Jr., R-Calif., told President Donald Trump that he has national security concerns about the global port operator, which plans to lease the port for 50 years.

Stakeholders testifying before House lawmakers on Wednesday say the United States should work toward a free trade agreement with China rather than impose tariffs.

The U.S. House of Representatives passed the STB Information and Security Act (H.R. 4921) and the FRA Safety Data Improvement Act (H.R. 4925) on Tuesday.

Volumes of containerized cargo at the mid-Atlantic port rose 8.7 percent year-over-year to 252,230 TEUs for the month, according to the latest data from the Virginia Port Authority.

The Southern California port saw a 13.8 percent year-over-year increase in container cargo volumes in March to 575,258 TEUs.

The Mexican economy minister bets there’s an 80 percent chance a “deal in principle” can be reached by the first week in May.

BlueWater Reporting

Deployed capacity on the transatlantic and Asia to North Europe trades increased on a quarterly and year-over-year basis during the first quarter of 2018, according to BlueWater Reporting’s latest World Liner Supply Report.