FASA

The world’s largest container carrier has appointed Omar Shamsie to serve as the new president of Maersk Line in North America, effective Dec. 1.

The Trump administration has a 70-page memo of infrastructure principles and is slowly working with Congress to create a feasible funding package, multiple sources told The Hill.

Trade ministers from the U.S., Canada and Mexico will not be present for the fifth round of NAFTA negotiations, leaving working-level teams to handle the details of the remaining chapters of the trade deal.

“The NAFTA renegotiation is a disaster,” said longtime Washington trade attorney Jon Fee to attendees at the Apparel Importers Trade and Transportation Conference in New York this week, “I think trade policy is spiraling into darkness.”

The World Container Index (WCI), a composite of container freight rates on eight major routes to/from the United States, Europe and Asia, is also down 16.2 percent from the equivalent period in 2016, according to Drewry.

Through the first nine months of 2017, the Maryland port handled over 8 million tons of general cargo at its public marine terminals, breaking last year’s record of 7.4 million tons during the same period.

The apparel retailer will exclusively sell its products on Amazon.com this holiday season, with additional pop-up sales that will feature Amazon tech, according to a report from the Wall Street Journal.

The country’s agricultural exports totaled $140.5 billion for fiscal year 2017, ending Sept. 30, an increase of $10.9 billion over the previous fiscal year, according to the U.S. Department of Agriculture (USDA).

A new facility dedicated to vehicle logistics has been opened in the city of Noviciado, not far from the Chilean capital of Santiago.