A total of 221 cargo theft incidents were reported in the United States during first quarter 2016, up 8 percent from the same 2015 period, but average loss value per incident fell 56 percent, according to the latest report from FreightWatch International.
Global container shipping lines will face one or two more years of pain as the industry consolidates amid overcapacity and weaker demand, Port of Long Beach CEO Jon Slangerup said.
South Korean shipping conglomerate Hyundai Merchant Marine, which said it is continuing efforts to stabilize its business, predicts that normalization of its business is only a matter of time.
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The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization's verified gross mass requirement "seems to allow for more flexibility," says Federal Maritime Commission Chairman Mario Cordero.
Most imports that must be cleared by the Food and Drug Administration will have to be filed next month in the new Automated Commercial Environment.
The Trans-Pacific Partnership would have a positive impact on U.S. retailers and consumers, according to a new report from the National Retail Association.