FASA

Under the agreement, the Chinese Export-Import Bank will provide financial support, consultation, overseas investments, and equity acquisition to the newly merged shipping conglomerate to help the company optimize its fleets, among other things.

Under the new partnership, the state’s first inland terminal will handle up to 30,000 TEUs annually for Kia Motor Manufacturing Georgia to supply the automobile manufacturer’s plant in West Point, according to a statement from Georgia Gov. Nathan Deal.

Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced rate increases on several trades.

Combined United States carload and intermodal cargo volumes fell 7.9 percent for the month compared with July 2015 and 7.4 percent for the first seven months of 2016, according to data from the Association of American Railroads.

The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.

C.C. Tung, chairman of OOIL, said the industry faced difficult market conditions in the first half of 2016, and the second half of the year will be difficult if deployed capacity continues to substantially exceed demand.

The International Air Transport Association said U.S. Customs will use its XML messaging standard for export air shipments.

The nation’s largest brick and mortar retailer said the deal positions it for expanded e-commerce growth.

Korea’s Financial Supervisory Service said Sunday it is pushing 32 companies to restructure debts through voluntary workouts or court receivership programs.

The U.S. trade deficit in June, which was the largest in 10 months, reached $44.5 billion as import volumes rose.