FASA

U.S. gross domestic product (GDP) grew at an annual rate of 3.2 percent during the third quarter, according to the Department of Commerce’s Bureau of Economic Analysis (BEA), down from 3.3 percent in the bureau’s second estimate released last month.

During the first week of mandatory use of electronic logging devices (ELDs), some truckers have reported delays in having devices delivered, difficulty in getting units installed, and trouble logging in to smartphone apps that sync up with the devices.

The Port Authority of New York and New Jersey (PANYNJ) anti-pollution measure, which will bar trucks with engines built before 1995, is expected to effectively banish about 200 trucks out of the 9,000 that currently serve the port.

The Wuhan Economic Development Port Co. (WEDPC) logistics center covers about 7 kilometers (4.3 miles) of shoreline, compared to Yangtze River Development Ltd.’s (YRDL) current shoreline of about 1 kilometer (0.6 tenths miles).

President Trump in July directed the U.S. Trade Representative (USTR) to initiate talks with South Korea to amend the U.S.-Korea (KORUS) Free Trade Agreement, which has been in effect since March 2012, after previously advocating for withdrawal.

Our predictions for what technologies the shipping and logistics industry will be focusing on in the coming year.

A group of 15 U.S. senators sent a letter to U.S. Department of Transportation leadership asking the agency to hold the nation’s railroads accountable for expeditiously implementing the proper levels of operations safety on their tracks.

Noting the cyclical nature of the global economy, TIACA chairman Sebastiaan Scholte warned air cargo the industry against ordering additional freighters during boom times, only to have them delivered during the next economic downturn.

The Hong Kong-based ocean carrier is expanding its Southeast India service network with the new Far East Chennai Service 2 (FCS2), which will connect China and Southeast Asia with the Indian ports of Chennai and Kattupalli, OOCL said.