The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
Overall revenues for NYK, MOL and "K" Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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U.S. Customs and Border Protection, and the Immigration and Customs Enforcement’s Homeland Security Investigations, reported that seizures of imports containing intellectual property infringements rose 25 percent year-over-year in fiscal year 2015.
U.S. Customs and Border Protection has resolved technical problems that caused delays processing border shipments after all importers were told to switch to the new electronic import/export filing system.
Overseas shipments rose 11.5 percent in dollar terms in March from a year earlier, compared with a 25 percent slump in February, when factories and offices were closed for a week-long holiday, data showed Wednesday.