California had the highest number of reported cargo thefts during the third quarter of 2016, accounting for 38 percent of reported incidents.
Matson reports $25m profit in Q3
Matson said its profits for the third quarter of 2016 were lower than a year prior because volumes on its Hawaii and Alaska trade routes were “lower than expected due to weaker market conditions.”
Canada’s trade deficit soars in September
The nation’s imports in September rose 4.7 percent from August to $47.6 billion, resulting from one large shipment of equipment from South Korea for the Hebron offshore oil project in Newfoundland and Labrador.
Two Pakistani nationals sentenced for pharma smuggling
Two Pakistani nationals were sentenced by a U.S. District Court after pleading guilty to charges of operating Internet sites to illegally sell and ship pharmaceuticals from the Pakistan and the United Kingdom to the United States.
JIMMY CHOO TAPS SWAROVSKI FOR PERSONALIZATION COLLECTION
If you thought a pair of custom Jimmy Choo shoes was out of the question, here is your chance. The swoon-worthy shoe designer has jumped on the personalization trend in the most glamorous way possible. They’ve teamed up with Swarovski to create a personalized pair of shoes using a trio of customizable options …
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Freight Rate Roundup: Maersk, CMA CGM, Hapag-Lloyd, MOL and NileDutch
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and NileDutch have announced freight rate increases.
U.S. trade deficit hits 19-month low
The U.S. Commerce Department reported Friday the nation’s trade deficit in September fell 9.9 from a month prior amid stronger exports.
DSV integrates North American trucking services
Danish third-party logistics provider DSV said it can grow market share by cross-selling brokerage and asset-based services previously provided under the UTi brand.
BCG: Container industry overcapacity to increase through 2020
Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, according to a recent report from the Boston Consulting Group.
U.S. transportation sector hiring rebounds in October
Transportation and logistics companies added 7,500 positions last month, following a revised 3,100-job loss in September, according to recent preliminary data from the U.S. Department of Labor.