The South Carolina Ports Authority handled 1.996 million TEUs in 2016, beating its previous calendar year container throughput record set in 2005.
Freightos: Opacity, pricing fluidity continue to plague container industry
Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.
Port of Wilmington, N.C. to receive new cranes
The two ship-to-shore cranes the port is scheduled to receive from ZPMC in early 2018 will be able to work the larger ships that can now transit the Panama Canal’s new locks.
Port of Oakland sets record in 2016
The port handled a record amount of loaded containerized cargo in 2016, despite the decision by Ports America and Terminal Investment Ltd. to close their operation at the port’s Outer Harbor.
WAL-MART ACQUIRES SHOEBUY FOR ABOUT $70M
Wal-Mart Stores Inc. seems bullish in growing its online business. Just recently, it acquired the fashion e-tailer ShoeBuy through Jet.com. Wal-Mart reportedly secured the deal for about $70M from IAC, a U.S. media and internet company. Wal-Mart seems optimistic about this endeavor. “Jet.com will gain the experience of a well-established e-commerce …
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THE LIMITED GOES STRICTLY ONLINE AMIDST STORE CLOSINGS AND RESTRUCTURING PLANS
For retailer The Limited, store closings are not synonymous to goodbye for good. After The Limited officially closed all 250 stores across the U.S., the brand stated that it will continue its operations online, with most apparel and accessories now dis…
U.S. antidumping duties assessed on steel plate imports
The U.S. International Trade Commission gave the Commerce Department permission to issue antidumping duty orders on imports of carbon and alloy steel cut-to-length plate from Brazil, South Africa and Turkey.
U.S. continues Canadian lumber import investigations
The U.S. International Trade Commission said there’s a “reasonable indication” that imports of softwood lumber products from Canada are subsidized and sold in the United States at less than fair value.
Commerce finds off-road-tire imports subsidized
A Commerce Department investigation has determined that countervailable subsidies are being applied to U.S. imports of certain pneumatic off-road-tires from India and Sri Lanka, but did not find any dumping involving these imports from India.
Senate tabs Thune for second term as chairman of transportation committee
Sen. John Thune, R.-S.D., was selected to lead the Senate Committee on Commerce, Science and Transportation for a second straight term.