The United States imported 2.99 million net tons of steel in August, an 8.5 percent month-over-month decline, driven down by lower volumes from Brazil and South Korea from a month prior.
Bernie Sanders, D-Vt., said he will fight the trade deal in the Senate, but Sen. Elizabeth Warren, D-Mass., hinted the deal could fly in 2017 if controversial language giving corporations the right to challenge a nation's regulations is removed.
The association has called on the U.S. Customs and Border Protection to promulgate rules that require importers of low value goods to bear the same data requirements as shippers of goods over the de minimis level.
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The Georgia Ports Authority plans to expand its on-dock rail infrastructure to accommodate unit trains, which officials say will offer greater efficiency for shippers as far away as Chicago and St. Louis.
While spot freight rates measured by the Shanghai Containerized Freight Index from China to Northwest Europe and the Mediterranean continued to rise, prices to the United States either remained the same or fell back from last week.
The South Korean carrier said certain providers have been charging its customers more than what it would have charged to transport cargo and has tried to intervene, taking its concern up with the Federal Maritime Commission.