FASA

Global air cargo demand soared 8 percent for the month, but recently announced U.S. import tariffs on steel and aluminum could bring volumes back down to earth, according to the International Air Transport Association (IATA).

The Commerce Department preliminarily determined that Chinese exporters of forged steel fittings to the United States receive countervailable subsidies, and is scheduled to announced its final countervailing duty determination July 24.

The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.

The mid-Atlantic port saw throughput of containerized cargo fall 0.7 percent year-over-year in February 2018 following a 3.5 percent decline in January caused in part by the loss of workdays due to severe winter weather.

President Donald Trump signed proclamations late Thursday afternoon for global tariffs of 25 percent on steel and 10 percent on aluminum to take effect March 23.

White House Press Secretary Sarah Sanders made the statement Wednesday as President Trump prepares to finalize duties on steel and aluminum “by the end of the week.”

Lars Jensen, chief executive officer of Seaintelligence Consulting, said that although consolidation among the largest carriers is likely coming to an end, smaller, niche carriers are just getting started.

It’s hard to go anywhere these days without hearing about the magical powers of blockchain, but logistics practitioners should understand how the technology is actually unique.

The International Trade Administration determined revocation of the countervailing duty order will lead to continued harm.