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The Transpacific Stabilization Agreement's 15 members plan a $1,200-per-FEU rate hike on Asia-U.S. West Coast trade Jan. 1 and want a minimum rate of $1,700 per FEU to the U.S. West Coast in 2016-17 contracts.
The Federal Aviation Administration has proposed a $68,000 civil penalty against City of Industry, Calif.-based Unical Aviation for allegedly violating the nation’s hazardous materials rules.
The Swiss-based third-party logistics provider's aerospace hub in Dubai Logistics City secured new contracts with Gulfstream Aerospace Corporation and Avtrade.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.