FASA

House Transportation and Infrastructure Committee member Alan Lowenthal, D-Calif., told American Shipper that Trump’s plan resembles a “skeleton” with “no meat on it,” in contrast with the House Sustainable Energy & Environment Coalition’s plan.

Demand is poised to outstrip supply in all three segments of the international ocean shipping industry in 2018, but risks of an ill-timed “ordering spree” for new ships remain, according to a recent report from credit ratings provider S&P Global Ratings.

The Commerce Department has initiated antidumping and countervailing duty investigations into imports of large diameter welded pipe from Canada, China, Greece, India, South Korea and Turkey.

The Hoofddorp, Netherlands-based third-party logistics provider will seek an initial public offering that would value the company at $1.5 billion by April, according to a report from the New York Post citing “a source close to the situation.”

The Department of Homeland Security is proposing $1.6 billion to drive construction of 65 miles of new southern border walling, and $1.9 billion for Coast Guard recapitalization to “secure maritime borders and approaches.”

E2open had made a $300 million offer for global trade management software provider Amber Road, but the company’s board said the offer wasn’t in shareholders’ best interest

The Southern California seaport handled 657,830 TEUs of containers in January, 12.9 percent more than in January 2017, and an all-time high for the month.

Chicago-based freight broker and third-party provider Echo Global Logistics posted a net income of $13.3 million in the fourth quarter of 2017 compared to a $3 million loss the previous year, according to the company’s most recent financial statements.

The containership owner recorded a net income of $22.8 million for the quarter, a sharp increase from a net loss of $446.6 million for the fourth quarter of 2016 when it had encountered headwinds from the aftermath of Hanjin’s insolvency.