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Cargo thefts in the United States were up 7 percent in value despite falling 18 percent by volume in the third quarter of 2015 compared with the second quarter, according to the FreightWatch International Q3 2015 U.S. Cargo Theft Report.
New report from shipping consultancy forecasts rising insurance, fuel, repair and maintenance costs in 2016 and 2017, after costs fell in 2015 amid a weak commodities market.
Combined with the sweeping Trans-Pacific Partnership free trade agreement signed last month, the Chinese policy could help "ignite new trade," according to Federal Maritime Commissioner Richard A. Lidinsky.