The Mississippi ports signed cooperative agreements with the Cuban government in Havana earlier this week despite uncertainty surrounding U.S. relations with the Communist Caribbean island, according to a report from Reuters news service.
The seasonally adjusted For-Hire Truck Tonnage Index grew 2.9 percent compared with the previous month to a reading of 138.8, following a revised 4.3 percent decline in December, according to the American Trucking Associations.
Shipment volumes for the month fell 6.4 percent from December due to “normal seasonality," but were up 3.2 percent compared with the same 2016 period, the second year-over-year increase in as many months, according to the latest Cass Freight Index Report.
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Canadian International Freight Forwarders Association (CIFFA) Executive Director Ruth Snowden said trade is an important source of jobs for the country.
The French ocean carrier will buy space on a service between North Europe and the West Coast of North America, as well as on a service between Japan and California.
Jon Ross, a former American Shipper editor who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.