United States gross domestic product increased 1.2 percent in second quarter 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
The Dubai-based port terminal operator signed a 30-year lease with Port Saint John on the East Coast of Canada to operate its West Side Container Terminal, DP World and port officials said in a joint statement Thursday.
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Former Macy’s distribution center manager Rudy Rampertab pleaded guilty in the U.S. District Court in Cincinnati to one count each of mail fraud and money laundering.
The proposed change would give NVOs and import buyers the ability to directly transmit the Importer Security Filing, which is expected to improve security and eliminate confusion over who should file.
USAT Logistics announces half a dozen management hires and promotions, while the Northwest Seaports Alliance names operations service center and port operations heads.