The Global Shippers’ Alliance also expressed concerns over “de-globalization” during its general assembly in Hong Kong on Monday and Tuesday, pointing out how the percentage of gross domestic product depending on cross-border flows has declined.
DP World makes huge investment in Democratic Republic of the Congo
The Dubai-based port terminal operator will establish the Democratic Republic of the Congo’s first deep-water port, with the first phase of construction starting this year and taking about 24 months to complete.
COSCO Ports nearly triples earnings in 2017
The port terminal operating arm of Chinese state-run conglomerate COSCO Shipping reported a net profit of $512.45 million for the full year in 2017, a 183.2 percent increase from the prior year.
GSP Update
March 26, 2018 Members, As reported in our February 15th Memorandum, although H.R.4979, The Act To Extend The Generalized System Of Preferences had successfully made it through the House and was sitting with the Senate Committee, speculation was that a more likely vehicle for GSP renewal would be the…
APL joins Asia-Latin America loop
The CMA CGM subsidiary will use space on an existing loop between Asia, Mexico and the West Coast of South America, effective April 6.
ATA: Truck driver wages shift upward
Fleets have reacted to concerns about the driver shortage by raising pay, improving benefit packages, and offering other enticements to recruit and retain drivers, said Bob Costello, American Trucking Associations’ chief economist.
U.S. extends 25% truck tariff under KORUS
The United States and South Korea agreed to the provision as part of their modifications of the U.S.-Korea Free Trade Agreement, which originally entered force on March 15, 2012.
ITC to consider import restrictions for toner cartridges, factory controllers
The International Trade Commission (ITC) will conduct investigations under Section 337 of the Tariff Act of 1930 on whether imports of those goods violate U.S. intellectual property law.
Teamsters, Standard Forwarding start new contract
Teamsters employed with the East Moline, Ill.-based less-than-truckload carrier voted to ratify a new contract that will remain in place through March 5, 2021.
FTA countries likely not exempt from metal tariffs, expert says
Steel and aluminum imports from countries with which the United States has a free trade agreement with are likely not exempt from tariffs ordered earlier this month, according to Lou Abad, principal for KPMG Trade and Customs Services.