FASA

The U.S. Justice Department said the three men were indicted Monday for their role in conspiring to illegally export goods and technology from the United States to support Hizballah in Lebanon.

American Institute for International Steel Board Chairman John Foster said problems in the U.S. steel industry have not been caused by steel produced elsewhere.

FourKites snagged $35 million in a Series B funding round, including from existing investors, to help the freight visibility and analytics provider expand across modes and geographies.

Following the 2017 purchase of 41 generator sets for reefer containers, Canadian Pacific Railway (CP) has begun offering a new shipping service for perishable products, dubbed “CP TempPro.”

Matt Motsick, who founded the rate management software company a decade ago, is now fronting the freight forwarding ERP provider Swivel.

Trucking companies are basking a bit in the rate renaissance that began in the fourth quarter of 2017, with Stifel’s conference last week showing it may only be the beginning.

Following reports that thousands of customer identification records were left open to public access, FedEx said those records have now been secured and there is “no indication that any information has been misappropriated.”

A longtime shipping executive at United States Lines (USL) and Norton Lilly, John Griffith II is credited with helping to establish the first containerized shipping services in the transatlantic and transpacific trades.

Commerce Secretary Wilbur Ross cited a ‘national security’ exception outlined in World Trade Organization rules.

Commerce announced the investigations two days after issuing a preliminary affirmative determination in its antidumping investigation into imports of pipe fittings from China.