The U.S. Transportation Department on Friday approved six domestics airlines to begin scheduled flights between Miami, Fort Lauderdale, Chicago, Philadelphia, and Minneapolis/St. Paul and Cuba as early as this fall.
Miami man gets 12 years in prison for Ex-Im Bank fraud
Guillermo A. Sanchez-Badia of Miami was sentenced late last week to 12 years in prison for his role in a scheme to defraud two commercial lenders and the U.S. Export-Import Bank out of more than $11 million.
FMC reviews 34 OTI license applications
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
Korean government to consider merger of Hanjin, HMM
A combination of Hanjin Shipping and Hyundai Merchant Marine, the two largest ocean shipping companies in South Korea, could, at least for the time being, rank as the fifth largest container carrier worldwide, but they have few ships on order.
Singapore urges U.S. against tweaking TPP
Singapore Minister for Trade and Industry Lim Hng Kiang in an interview last week in Mexico City warned that modifications to the sweeping Trans-Pacific Partnership could unravel the entire 12-nation free trade agreement.
Judge questions ‘novel prosecution’ in FedEx drug shipping case
In order for prosecutors to prove that FedEx Corp. violated the law by delivering illegal prescriptions from Internet drug stores, they must prove the parcel carrier knew of the illegal drugs and intended them to be distributed illegally.
Frasers Logistics & Industrial seeks $654m from IPO
The trust, backed by industrial real estate developer Frasers Centrepoint Ltd., plans to offer units at 85 to 89 Singapore cents each (U.S. $0.63-$0.66), according to a prospectus filed Friday with the Singapore bourse.
Port Logistics Group expands in Savannah
The retail logistics specialist signed a lease for bigger facility near the Port of Savannah, according to a statement from the company.
Drewry: Contract container rates continue to plummet in early 2016
Rampant overcapacity and the resulting price war between carriers in the container shipping market has caused substantial further reductions in contract rates for exporters and importers buying under contract.
UPS: Online, mobile shopping trends continue to accelerate
Retailers have to adapt to new consumer shopping habits and expectations in which smartphones are playing an integral role in purchasing decisions, according to a survey of online shopping trends conducted by Comscore for UPS.