FASA

The World Trade Organization (WTO) on Thursday ruled in favor of the United States when it reaffirmed that Indonesia’s import licensing regimes for horticultural and animal products are inconsistent with the global trade body’s rules.

The tentative agreement, which Oakland’s port commission gave initial approval to on Nov. 9, caps nearly 15 years of planning for what the port has called its most-anticipated growth project ever.

The automated car subsidiary of Google parent Alphabet Inc. started testing a fleet of self-driving vehicles on public roads in Phoenix last month without anyone behind the wheel.

After a record-setting year, although import volumes at major container ports across the U.S. are not expected to decline in 2018, the rate of import growth is likely to slow considerably, according to the latest Global Port Tracker report.

Spot container rates from Shanghai to Europe declined 6.5 percent since last Friday, while rates from Shanghai to the Mediterranean fell 6.2 percent, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.

Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $4.2 million on revenues of $521.6 million for the quarter, according to the newly merged firm’s most recent financial statements.

The South Korean ocean carrier said the loss was fueled by a 479.5 billion South Korean won loss in book value of 10 vessels that were sold to Korea Shipping and Maritime Transportation back in March.

The ocean carrier has announced three new services between South China and the Philippines that will commence sailing by the beginning of December.