FASA

The Commerce Department’s International Trade Administration projected that rising oil and gas prices worldwide will spur an increase in U.S. oil and gas equipment exports during the next four years.

The U.S. Justice Department on Monday said Import Merchandising Concepts and two individuals agreed to pay $275,000 to resolve allegations that the company evaded customs duties on imports of wooden bedroom furniture from China.

E-commerce growth and continued developments in specialized markets like the pharmaceutical industry will only serve to bolster air cargo growth, according to Alexandre de Juniac, director general at the International Air Transport Association.

The partnership is bringing together BluJay’s transportation management solutions with FourKites’ real-time freight visibility and orchestration platform.

The Oak Brook, Ill.-based multi-modal transportation management company posted net income of $10.3 million for the quarter compared with nearly $18 million in the same 2016 period despite revenues growing 10.9 percent to $893.4 million.

The largest owner of open-deck transportation equipment in North America will acquire open-deck specialists The Schilli Cos., headquartered in Indiana, and Winnipeg, Canada-based Big Freight Systems as part of Daseke’s North American expansion plans.

The world’s largest container carrier said its orderbook amounts to about 11 percent of its current capacity, but with scrapping and redelivery of chartered ships, it expects to grow in line with main competitors.

During the quarter, COSCO SHIPPING Holdings Co., Ltd. reported a higher net profit, revenues and volumes compared to the corresponding 2016 period.

Domestic airports, ports and toll roads will see healthy growth in 2017 “despite longer-term questions brought on by shifting economic, trade and fiscal policies,” according to Fitch Ratings’ latest U.S. Transportation Trends special report.